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Monday, December 26, 2022

Global Strawberry Powder Market To Be Driven By The Growing Fruit Powder Market During The Forecast Period Of 2023-2028

The new report by Expert Market Research titled, ‘Global Strawberry Powder Market Size, Share, Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the global strawberry powder market, 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.

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.

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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.

On the basis of type, the market can be segmented into:

  • Organic
  • Conventional

Based on application, the market has been segmented into:

  • Cosmetics
  • Food and Beverages
  • Pharmaceuticals
  • Nutraceuticals
  • Others

By distribution channel, the market has been bifurcated into:

  • Direct
  • Indirect

The regional markets for strawberry powder include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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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
  • Others

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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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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