Global pomegranate market

Pomegranate Market Size, Share, Growth Analysis, By Application(Food & Beverage, Pharmaceutical, Cosmetics), By Category(Organic, Conventional), By Product(Pomegranate Powder, Pomegranate Juice, Pomegranate Concentrate), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30H2041 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 89 | Figures: 76

Pomegranate Market Competitive Landscape

The industry is highly competitive as a result of the presence of numerous large rivals. The majority of manufacturers are pursuing several inorganic growth strategies, such as acquisitions, mergers, and geographical expansion to grow their market share and gain a competitive advantage.

Pomegranate Market Top Players in the Global Pomegranate Market

  • PomWonderful LLC
  • The Wonderful Company LLC
  • POMONA VALLEY JUICE COMPANY
  • Purely Pomegranate
  • Lakewood Organic
  • Minute Maid
  • Tropi
  • Sun Pacific
  • Prohut Organics
  • ASITExpo
  • Valley Produce Group
  • The Good Foods Co.
  • A&B Ingredients
  • JFC International
  • Del Monte Foods Inc.
  • Fruition Fruits & Fills
  • HPMC
  • Navneet Impex
  • Bellavista Exportaciones
  • Alpine Food Products

Pomegranate Market Recent Development

  • In September 2022, Williams Sonoma, a portfolio brand of Williams-Sonoma, Inc., the world's largest digital-first, design-led, and sustainable home retailer, announced a collaboration with POM Wonderful, the global leader in California-grown pomegranates. The POM Wonderful team collaborated with Williams Sonoma to create a one-of-a-kind product line that highlights the unique flavor and versatility of pomegranates. The products will be available as part of POM's 20th anniversary celebrations and as Williams Sonoma prepares to celebrate fall flavors.
  • In September 2022, Jiant, a modern beverage brand, announced the launch of Planet Pomegranate, the fifth hard kombucha in Jiant's celebrated seasonal series, in collaboration with social wellness platform Vizer. Planet Pomegranate, which is gluten-free and made from all organic and non-GMO ingredients, will be available from September to December, with proceeds benefiting US food banks and the fight against hunger.
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Pomegranate Market size was valued at USD 235.94 million in 2019 and is poised to grow from USD 248.4 million in 2023 to USD 338.6 million by 2031, growing at a CAGR of 5.3% in the forecast period (2024-2031).

The industry is highly competitive as a result of the presence of numerous large rivals. The majority of manufacturers are pursuing several inorganic growth strategies, such as acquisitions, mergers, and geographical expansion to grow their market share and gain a competitive advantage. 'PomWonderful LLC', 'The Wonderful Company LLC', 'POMONA VALLEY JUICE COMPANY', 'Purely Pomegranate', 'Lakewood Organic', 'Minute Maid', 'Tropi', 'Sun Pacific', 'Prohut Organics', 'ASITExpo', 'Valley Produce Group', 'The Good Foods Co.', 'A&B Ingredients', 'JFC International', 'Del Monte Foods Inc.', 'Fruition Fruits & Fills', 'HPMC', 'Navneet Impex', 'Bellavista Exportaciones', 'Alpine Food Products'

Pomegranate juice and powder are common ingredients in a variety of functional drinks and foods. The use of functional drinks and foods has recently increased as a result of consumers' growing health concerns. Pomegranate is used to improve the flavor and nutritional value of a variety of processed foods, including cookies, cakes, and pastries. To meet consumer demand, several processed food manufacturers are focusing on the introduction of novel products that include pomegranate.

One significant development in the global pomegranate market is the alteration of the supplier nations. For instance, Europe used to be the main supplier of pomegranates to Ukraine, but in recent years, Turkey has increased its share of the pomegranate supply to the Ukrainian market. For instance, Turkey's proportion of the import of pomegranates into Ukraine climbed from 70% to 92%.

In terms of revenue, Asia Pacific dominates the global market and is anticipated to keep doing so over the coming years. Pomegranate consumption is traditionally the highest in Asia, and growing nations like India, Iran, China, etc. are producing an increasing amount of the fruit. The pomegranate market in the region is anticipated to grow as a result of the providers from these nations exporting their goods to North America and Europe. Therefore, growing consumer desire for unusual and healthier fruit may help exporters from poorer nations to become more profitable.

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Global pomegranate market

Report ID: SQMIG30H2041

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