PUBLISHER: The Business Research Company | PRODUCT CODE: 1605599
PUBLISHER: The Business Research Company | PRODUCT CODE: 1605599
Fruit pomace is the solid residue left after the extraction of juice or oil from fruits. This byproduct comprises the skins, seeds, and pulp of the fruit. Rich in dietary fiber, antioxidants, and various bioactive compounds, pomace is a valuable resource for food processing, animal feed, and the creation of functional ingredients.
The primary products in the fruit pomace market include powder, pellets, and other forms. Fruit pomace powder is a fine powder derived from the byproducts of fruit processing, particularly the residual pulp, skins, and seeds remaining after juice extraction or the production of items such as wine. The sources of pomace include apples, citrus fruits, bananas, berries, grapes, mangoes, and others, available in both organic and conventional forms. Various applications for fruit pomace encompass dairy products, food processing, edible oils and fats, animal feed, biofuel production, cosmetics and personal care products, pectin production, and more. Distribution channels include both offline and online options.
The fruit pomance market research report is one of a series of new reports from The Business Research Company that provides fruit pomance market statistics, including fruit pomance industry global market size, regional shares, competitors with a fruit pomance market share, detailed fruit pomance market segments, market trends, and opportunities, and any further data you may need to thrive in the fruit pomance industry. This fruit pomance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The fruit pomace market size has grown strongly in recent years. It will grow from $3.32 billion in 2023 to $3.51 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth observed during the historical period can be attributed to several factors, including rising disposable incomes, greater adoption of sustainable agricultural practices, the implementation of quality assurance programs, ongoing investments in agricultural research, and consumer loyalty initiatives.
The fruit pomace market size is expected to see strong growth in the next few years. It will grow to $4.44 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The forecast period growth is expected to stem from increasing demand for plant-based beverages, the development of biodegradable packaging, a rising interest in homemade products, expansion within the cosmetics industry, heightened awareness of dietary fiber, and a focus on reducing sugar content. Key trends anticipated during this period include technological advancements in processing, AI-driven analytics, the use of blockchain technology, innovative smart packaging solutions, and the integration of IoT in supply chain management.
The growing popularity of plant-based foods is anticipated to boost the fruit pomace market in the coming years. This trend towards plant-based diets is driven by increased consumer awareness regarding the health, sustainability, and environmental advantages associated with such diets. Fruit pomace plays a crucial role in the development of plant-based foods by enhancing nutritional value, boosting fiber content, and promoting sustainable production practices. For example, in 2023, the Good Food Institute Europe, a Belgium-based non-profit organization, reported a 9% increase in plant-based food sales in the UK from 2020 to 2022, reaching a total of $1.2 billion. As a result, the rising interest in plant-based foods is fueling the expansion of the fruit pomace market.
Companies in the fruit pomace sector are innovating by creating products such as fruit pomace-based packaging, which offers eco-friendly and sustainable alternatives to conventional packaging materials. Fruit pomace-based packaging is made from the leftover pulp, skin, and seeds of fruits after juice extraction or processing. For instance, in February 2022, Oregon State University, a research institution in the US, introduced apple pomace-based molded pulp packaging. This eco-friendly alternative to traditional materials utilizes fruit by-products to minimize waste and aims to enhance water resistance using bio-based solutions such as lignin, chitosan, and glycerol, thereby providing a sustainable packaging option for various applications.
In July 2024, Alvinesa Natural Ingredients, a Spain-based company specializing in plant ingredients, acquired Chilean Industrias Vinicas and Argentine Dervinsa for an undisclosed amount. This acquisition allows Alvinesa to access high-quality raw materials from the Southern Hemisphere, where grape harvest seasons align with those in the Northern Hemisphere. Chilean Industrias Vinicas serves as a logistics provider based in Chile, while Argentine Dervinsa focuses on the valorization of grape by-products, including grape pomace.
Major companies operating in the fruit pomace market are Cargill Inc., DSM B.V., G3 Enterprises Inc., Yantai North Andre Juice, FruitSmart Inc., LaBudde Groupor Inc., Herbstreith & Fox GmbH & Co., ALVINESA Natural Ingredients, The Onix Corporation, Lemonconcentrate S.L.U., Elementa ingredients, Activ'Inside, GreenField Natural Ingredients, ADAR Technologies LLC., Pacific Pectin Inc., Qingdao CTC Feed, Appol sp. z o.o., Pacific Coast Fruit Products Ltd., TBF Group, Lingbao Xinyuan Fruit Industry Co Ltd.
North America was the largest region in the fruit pomace market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fruit pomace market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the fruit pomace market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The fruit pomace market consists of sales of extracts and concentrates, pulp, and fruit peel. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Fruit Pomace Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fruit pomace market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fruit pomace ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fruit pomace market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.