North America Tropical Fruit Puree Market Size & Growth:

North America Tropical Fruit Puree market was valued at $XX Billion in 2021 and is expected to reach $XX Billion by 2030, growing at a CAGR of around XX% during the forecast period. The North America tropical fruit puree market is mainly attributed to the factors such as rising demand for healthy & nutritious food products, growing awareness about the benefits of tropical fruit consumption, and increasing popularity of smoothies & juices. In addition, rapid urbanization and the increasing utilization of tropical fruits in various cuisines are also driving the market growth. The food and beverage sector has expanded significantly due to favourable trade policies and a growing population, which has widened the tropical fruit puree market scope. Also, the increasing investment in research and development of flavours, better preservation methods, and reaching out to newer economies are factors estimated to open new avenues to market growth. Furthermore, the rising demand for clean-labelled fruit puree, bolstered by the increasing availability of the product in supermarkets and hypermarkets, is another key trend in the market. Despite these drivers, changing weather conditions and volatility in raw material prices are major restraints hampering the market growth.

In 2021, the average export unit values of avocados rose to $2,800, respectively, due to an increase in demand in the U.S, the main importer, as well as a temporary supply shortage in the major exporter, Mexico.

Meanwhile, world average export unit values for mangoes continued to largely follow their regular seasonal variations throughout the year, starting from a high of $1,483 in January 2021 and ranging noticeably above their 2020 level for most of the year after that. For pineapples, the average export unit values continued to rise by 1.6% due to strong demand in the U.S and the European Union and a shortage in supplies from the Philippines. Average export unit values of papayas, meanwhile, displayed a strong tendency to rise in 2021, by 10.7% across the year, on account of the positive demand situation in the U.S, the main importer of papayas.

COVID-19 Impact on Tropical Fruit Puree Market:

The COVID-19 pandemic dampened world economic growth in 2020. The pandemic caused several disruptions in the North America tropical fruit supply chain and smallholder livelihoods. The prolonged lockdowns implemented in some countries indicate that the threat of supply chain disruptions and economic repercussions stemming from COVID-19 mitigation measures continues to be present. The likely recessions for key North America economies threaten to hinder demand, especially for higher-value tropical fruits. Also, pineapple growers in Costa Rica cited logistical constraints as one of the major challenges to exporting their produce, with a 25 to 40% drop in orders due to cancellations from the U.S and Europe. Tropical fruit-producing and consuming countries have experienced different levels of damage to their food supply chains.

North America Tropical Fruit Puree Market Segments Share:

The North America Tropical Fruit Puree market is segregated on the basis of fruit type, type, distribution channel and geography.

By fruit type, the banana is one of the top three tropical fruits and is among the most produced, traded, and consumed fruit. Banana (Musa paradisiaca L.) has a potential health value, and the peel constitutes nearly 40% of the weight of the banana and has the highest concentration of flavonoids.

Based on type, Conventional fresh produce may be grown with variety of powerful chemicals to help manage fertility, pests, and diseases. Tropical fruits are important to many developing countries in their contribution to export earnings and income and as a source of nutrition. The planting area and output of tropical fruits are also increasing worldwide.

By distribution channel, In 2020, due to the COVID-19 pandemic, consumers preferred to buy fruit puree products online. Online retailing is gaining popularity in emerging economies, thus growing significantly. Rising usage of smartphones and the convenience of purchasing fruits from the comfort of home, the availability of a plethora of options, lower price compared to physical stores, and technology-enabled online trials of apparel and accessory are major factors contributing to the burgeoning demand for retail e-commerce worldwide. Additionally, the internet has revolutionized the retail industry by increasing the reach of retailers from the local area to overseas, allowing the business to reach the expediency of customers and increasing cross-broader success. The move to e-commerce in food and beverage is opening up new avenues for manufacturers.

Based on geography, the market is categorized into U.S., Canada, Mexico, and Costa Rica. Among these, U.S is estimated to hold the significant market share during the forecast period.

North America Tropical Fruit Puree Market Trends:

• Agricultural Technology: Naturally, fruit puree companies rely on agriculture to obtain the best raw materials. Today, smart agriculture uses the IoT, AI, and data analytics to monitor crops automatically and identify needs to treat them selectively.
• The next area of innovation in the fruit industry is processing. Here manufacturers are leaning toward equipment that helps them efficiently process high-quality products.
• Companies in the market are releasing products with fully recyclable packaging or made with sustainably sourced materials. Some initiatives that show great promise include bioplastics and edible packaging. The widespread use of single-use containers is impacting the environment.

North America Tropical Fruit Puree Market Research Report Include:

• An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have complete market analysis through industry value chain analysis, porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
• Regional diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
• Identifying DROC in the current market and their impact in altering the market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
• Expertise investment opportunities by analyst to the individual and organization to have better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the major market players, such as
• ASC Co., Ltd.
• Dohler GmbH
• AGRANA Beteiligungs-AG
• Kagome Co., Ltd
• Kiril Mischeff Limited

Along with these companies, there were many other companies considered/ cited in the report while analyzing the Tropical Fruit Puree market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.