Candied and semi-candied fruit market worth $794.6 Mn by 2032 at a CAGR of 1.5% – PMR

Candied and Semi-candied Fruit Market

Candied and Semi-candied Fruit Market

The world market for candied and semi-candied fruits is projected at US$ 638.5 Mn in 2022 and reach US$ 794.6 Mn by the end of 2032.

NEW YORK, NEW YORK, UNITED STATES OF AMERICA, Nov. 23, 2022 /EINPresswire.com/ — Global consumption of candied and semi-candied fruits is currently pegged at 147,487 MT and is projected to increase at a CAGR of 1.5 % to reach 171,272 MT by 2032.

Over the years, candied and semi-candied fruits have become an indispensable ingredient in the food service industry. The market is thriving due to increased consumer demand for delicious sweets and their use as added value to culinary preparations. As pastry and bakery products are becoming more popular for use in festivities and decorations, the demand for candied and semi-candied fruits is also increasing. Furthermore, as consumers in regions such as Oceania and Latin America increasingly gravitate towards the consumption of flavored confections and are attracted to attractive presentations in the foodservice sector, the global market will experience significant growth in the course of of the projection period.

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Online retail sales of candied and semi-candied fruits are anticipated to grow steadily over the forecast period. People are drawn to creative and delicious confections, which increases eCommerce sales and positively influences the target market. Major global market players strive for product diversity and create products that appeal to the tastes of consumers.

Key takeaways from the market study

Demand for candied and semi-candied fruits in North America is expected to increase at a volume CAGR of 0.8% during the forecast period (2022-2032).
Latin America and Oceania together represent a market value share of 8%.
Sales of candied and semi-candied fruits in bakery applications are expected to reach US$215.5 Mn by 2032.
According to the distribution channel, sales of candied and semi-candied fruits in the food service segment have a market share of around 10% in 2022.
According to the formulary, the whole/intact category is expected to post a CAGR value of 2.7% over the forecast period (2022-2032).

“The increasing penetration of the food service industry in developing countries such as China, India and others is a potential growth factor for the candied and semi-candied fruit market. It is also estimated that the market will see increasing demand in the hospitality, institutional catering and food service industries,” says a persistence market research analyst.

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competitive landscape

Companies are trying to expand their market presence and gain consumer loyalty for long-term benefits, as the bakery ingredients market is highly competitive and constantly changing. The general market focus of bakery ingredient manufacturers appears to be leaning toward expansion through acquisitions and the development of new and innovative products.

In December 2021, Andros Chef announced a strategic partnership with Indoguna, a well-known Singapore-based fruit and vegetable supplier. This partnership is expected to allow the company to increase its international presence and expand its customer base.
In March 2021 F.Moreno Confitadas Frutas SL partners with Amazon for the distribution and sale of candied fruits. This online presence of the company is expected to allow it to increase its brand awareness and expand its customer base.

Explore more valuable information

Persistent Market Research, in its new report, offers an unbiased analysis of the global Candied and Semi-Candied Market, presenting historical data (2017-2021) and forecast statistics for the forecast period of 2022-2032.

The study offers convincing information on the basis of form (whole/intact, chopped/diced/fruit peels), application (bakery, pastry, ice cream, yogurt) and distribution channel (traditional trade, modern trade, industrial , food service), in five major regions of the world.

Research of the candied and semi-candied fruit industry by category

By form:

Whole/Intact
Chopped/diced/fruit peels

By application:

Bakery
cakes
Frozen
Yogurt

By Distribution Channel:

traditional trade
Modern trade
Industrial
Food service

By region:

North America
Latin America
Europe
Oceania
Rest of the world

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About Persistence Market Research Food and Beverage Division

Persistence Market Research’s food and beverage team provides all the consulting insights and analysis necessary to meet the unique business intelligence needs of clients around the world. With a catalog of over 500 reports relating to the latest food and beverage industry statistics and analysis, the team is happy to assist with all business intelligence research and consulting requirements.

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