Global Quince Market is expected to witness over 1.5X higher sales by 2028 as compared to the revenue in 2017.
Rise in demand is primarily attributed to its health benefits. These fruits closely resembles to pome fruit with higher nutritional enrichment. They are highly used as jams, marmalades, and jellies. Also, quince is a good source of dietary fibers, vitamins and minerals. It is highly abundant in vitamin C and a good antioxidant.
Majority of the quince production is located in Central & Eastern Europe (CEE) and Asia Pacific. As per the estimates, Turkey dominated the global quince production, followed by China and Uzbekistan. In 2017, Turkey accounted for 141,203 metric tons production. Collectively, China, Turkey, and Uzbekistan accounted for over 310,500 metric tons production. It is expected to further increase with higher demand from South Asia. Increase in population along with higher disposable income are key factors expected to drive the sales throughout the forecast period.
Global Quince Market Size Analysis, By Type
By type, global quince industry is segmented into conventional and organic. As of 2017, conventional quince market accounted for 96% of total net sales. Organic quince is gaining prominence, however, higher cost and cumbersome regulatory approval has led to stagnant growth.
Global Quince Market Analysis, By End-use
Food and Beverage sector accounted for 87% of global quince demand. This is followed by usage as dietary supplements, pharmaceutical products, and cosmetics.
Global Quince Market Analysis, By Form
By form, the industry is segmented into raw and processed food. Majority of the quince is sold as processed fruit. Increase in demand for quince as a key ingredient has led to higher sales of processed quince worldwide.
Global Quince Market Size and Forecast: Regional Analysis
Globally, Asia Pacific accounted for 53% of total quince consumption. China, Japan and ASEAN accounted for 69% of total sales in Asia Pacific. Higher disposable income, easy availability and rise in healthcare awareness are key factors driving the overall sales.
Europe stands next to Asia Pacific in global quince sales. UK, Turkey and Germany accounted for majority of the share in the region. Various companies are engaged in production, processing and distribution of quince in the region.
Global Quince Market Size and Forecast: Competition Landscape
Some of the key Quince market industry players are WILD Flavors and Specialty Ingredients, The Fine Food Company, Gruenewald Fruchtsaft GmbH, and Kanegrade Ltd.
What Will You Discover in the Report?
- An in-depth analysis of the Quince market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Quince market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Quince market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Quince industry during the forecast period
- Who are the Quince industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Quince Industry Suppliers
- Quince Industry Manufacturers
- Consultants and Analysts
Analyst access with Bekryl Market Analysts
Purchasing of Quince market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.