Fruit Pomace Market

Fruit Pomace Market Size, Growth, Forecast (2023-2028)

The Global Fruit Pomace Market size was US$ 3.02 Billion in 2022 and is anticipated to succeed in the valuation of US$ $ 4.15 Billion in 2028 and is predicted to register a CAGR of 4% during 2023-2028.

Fruit Pomace Market Scenario:

The dried or pulpy residue obtained from seeds or fruits is called pomace. Anything that is crushed into a lump of pulp is also called pomace. The food processing industry produces waste and by-products, fruit pomace. It can be used to make compost, as animal feed, and for human consumption in processed foods. Although pomace was used only in compost and animal feed, this technology has found new and commercial uses for pomace. Available in a variety of forms, including powders and pellets. Fruit pomace Market Industry Uses include food and beverages, animal feeds, biofuel production, cosmetics and personal care.

Recent Developments in Fruit Pomace Industry:

• Aakash Chemicals Rebrands as Vivify Specialty Ingredients - Dallas-based private equity firm CenterOak Partners LLC announced that its portfolio company Aakash Chemicals & Dye-Stuffs, Inc. has rebranded as Vivify Specialty Ingredients. The Vivify brand is the result of the company's repositioning after two acquisitions and expanding capabilities across a wide range of end markets while owned by CenterOak.
• Louis Dreyfus Company Announces Corporate Venture Capital Program - Louis Dreyfus Company B.V. (LDC) today announced the launch of its corporate venture capital programme, 'LDC Innovations,' as an important component of LDC's strategic plans to strengthen its position as a key value chain participant.

REPORT COVERAGE:

Fruit Pomace Market Drivers:

The Fruit Pomace Market Trend is poised to get hold of upswing as a result of an boom in call for fitness and wellbeing meals products, manufacturers are more and more attempting to find easily to be had elements with an amazing dietary profile. Fruit pomace is in general acquired from the processing of fruit and greens and is still in call for its progressed dietary exceptional and advantages in agronomic activities. In addition, it acts as huge client inclination to plant-primarily based totally items could weigh at the identical scale because the growing call for fruit pomace.

Fruit Pomace Market Restraints:

Despite several factors, the impact of pandemic on the food industry in general, especially the fruit pomace market, is rapidly evolving. This market is an interconnected network of agricultural inputs, fruit processors, packagers and processors, winemaking, transportation, transportation and more. The domino effect of global epidemics of travel restrictions, factory closures, and delayed logistics indicates vulnerable access to fruit pruning and will impact revenue growth in 2022.

Fruit Pomace Market Segmentation Analysis:

By Source:

• Apple
• Citrus
• Banana
• Berries
• Grape
• Mango
• Others

Based on Source, the apple segment had the highest revenue share of the segment in 2022. This is because apple pomace contains carbohydrates, proteins and other important elements, and efforts have been made to use apple pomace to prepare edible products. In addition, various researchers have been working on techniques for producing dried apple pomace powder.

In contrast, the grape segment is expected to grow significantly during the forecast period 2022-2027, with increasing demand for the use of fruit pomace in wine production such as Grape seed oil not only benefits many beverage industries, but also helps control the environmental pollution that can be caused by the disposal of grape seeds.

By Product:

• Powder
• Pellets
• Others

Based on the Product, the market is divided into Powder, Pellets, and Others based on the product. The increasing use of various types of fruit pomace in various products is expected to drive market demand.

By Application:

• Food & Beverages
• Animal Feed
• Biofuel Production
• Cosmetics and Personal Care
• Others

Based on the application, the market will be divided into food & beverages, animal feeds, biofuel production, cosmetics & personal care, and more. The Food and Beverage segment will register the highest CAGR during the forecast period. These factors can be attributed to the increased use of fruit pomace in many foods.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Fruit Pomace Market Regional Analysis:

North America is the fundamental location dominating the Fruit Pomace Utilization marketplace with a marketplace proportion of 42.16% withinside the 12 months 2020. This may be attributed to the reality that North America is to steer the worldwide fruit pomace marketplace because the location has visible speedy industrialization. Growing meals and drinks producer and growing call for healthful ingredients can also be accountable for fueling the worldwide fruit pomace marketplace withinside the location.

However, the Asia-Pacific region will become a significant growth market during the 2021-2026 forecast period as China and India's dominant role in global fruit production continue to provide greater opportunities for market players. It is expected to be. However, the Pandemic turmoil, especially in China's supply chain, is poised to prevent stakeholders in these countries from consolidating their markets.

Key Players in the Market:

Major Key Players in the Global Fruit Pomace Market are

• Citrosuco
• LaBuddhe Group
• Agrana
• Louis Dreyfus Company
• Marshall Ingredients
• Yantai North Andre Juice
• Sucocitrico Cutrale
• Constellation Brands
• FruitSmart
• GreenField