Global Pineapple Powder market size is estimated to be valued over US$ 375 billion in 2019. The industry will register impressive growth of 6.7% to create 1.8X revenue opportunity by 2028. It is a nutritional supplement and is often sold as standalone product or to be used as a duster in desserts, sauces and smoothies. This natural ingredient is generally preferred over many artificial ingredient. Moreover, usage as nutritional/dietary supplements has increased citing better health outcomes. As such, many food ingredients company are actively pushing their business reach in the segment. However, as of now, the industry is ruled by small scale enterprises. Organic growth is key to market expansion in pineapple powder market.
The industry sales is influenced primarily due to increasing cafes and sales of sweets and confectionary product. In addition, consumers are inclining towards product that are enriched with high nutrients and nice flavor, thereby preferring fruit powders as dusting. Pineapple powder has enzyme ‘bromelain’ which acts as an excellent source of natural colors. Consumption will increase with increasing awareness and rise in middle class population. Based on type, conventional pineapple powder accounted for 95.7% market share in 2018. This will however, this will decline by 370 basis points during the forecast period. Organic product consumption will simultaneously increase in another ten years.
Global Pineapple Powder Market Size and Forecast: Regional Analysis
In 2018, North America registered highest sales of pineapple powder. The region accounted for over 37% of net sales in 2018. Majority of consumption in the region took place as food additives. High population along with high urbanization has played important factor in the region. Among all other regions, Asia Pacific is set to register fastest growth during the forecast period. India and china is expected to register double digit CAGR between 2019 and 2028. The region is witnessing emergence of new players. This will create significant competitive landscape in these countries.
Global Pineapple Powder Market Size and Forecast: Competition Landscape
Few key players are:
- Aarkay Food Products Ltd.
- DAMCO Phytochem & Research LLP
- Modernist Pantry LLC
- Harmony House Foods, Inc.
- Shaanxi Dongyu Bio-Tech Co. Ltd
- Morriko Pure Foods Pvt. Ltd
- Foods & Inns
- Paradiesfrucht GmbH
- Hainan Nicepal Industry Co. Ltd
By Ingredient Type:
- Medical Foods
- Pet Foods
- Bakery and Confectionaries
- Dairy Products
- Nutrient Supplements
By Distribution Channel:
- Food & Beverage Processing Companies
- Independent Outlets (Restaurants, Cafes, Others)
- General Stores
- Convenience Stores
- Hypermarkets and Supermarkets
- Pharma/Drug Stores
What Will You Discover in the Report?
- An in-depth analysis of the Pineapple Powder market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Pineapple Powder market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Pineapple Powder market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Pineapple Powder industry during the forecast period
- Who are the Pineapple Powder industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Pineapple Powder Industry Suppliers
- Pineapple Powder Industry Manufacturers
- Consultants and Analysts
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