The new report by Expert Market Research titled, ‘Global Strawberry Powder Market Report and Forecast 2023-2028’, gives an in-depth analysis of the global strawberry powder market price, assessing the market based on its segments like types, applications, distribution channels, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 4% (Fruit Powder Market)
The extensive utilisation of strawberry powder in the pharmaceutical industry to impart flavour and bolster the comfort of victims of chronic diseases, such as diabetes, and high blood pressure, among others, is driving the market growth. The increasing application of strawberry powder in the food and beverage industry owing to the increasing demand for strawberry juice, ice-cream, milkshake, and cream biscuits, among others, is further propelling the demand for the product.
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In terms of region, the Asia Pacific region accounts for a significant share of the market owing to the presence of large food consuming population base in emerging economies, such as India and China.
Strawberry Powder Industry Definition and Major Segments
Strawberry powder is defined as a powder which is derived from strawberries. It is applied in numerous products such as cosmetics, food, and beverage, among others, and provides them with essence of strawberry, along with its nutritional benefits. Strawberry is obtained by transforming dry strawberries into powdered form.
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On the basis of type, the market can be segmented into:
Based on application, the market has been segmented into:
- Food and Beverages
By distribution channel, the market has been bifurcated into:
The regional markets for strawberry powder include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Strawberry Powder Market Trends
The key trends in the strawberry powder market include the thriving e-commerce industry, which is propelling the sales of downstream food and beverage products of strawberry powder, such as packages strawberry drinks, strawberry biscuits and other bakery products, strawberry cake, among others. Meanwhile, the growing research and development activities in the pharmaceutical industry are likely to be crucial trends in the market aimed towards exploring the health benefits of strawberry.
Moreover, some other major trends in the market include the rapid urbanisation and increasing disposable income. The market growth is anticipated to be aided by the increasing sales of cosmetics owing to the growing personal hygiene awareness.
Key Market Players
The major players in the market are:
- Saipro Biotech Private Limited
- LYO Food Sp. z.o.o.
- Aarkay Food Products Ltd
- Sunspray Food Ingredients (Pty) Ltd
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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