Global pomegranate market

Pomegranate Market Size, Share, Growth Analysis, By Product Type (Pomegranate Powder, Pomegranate Juice), By Category (Organic, Conventional), By Application, By Region - Industry Forecast 2025-2032

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

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Global Pomegranate Market size was valued at USD 248.1 million in 2022 and is poised to grow from USD 260.5 million in 2023 to USD 384.8 million by 2031, growing at a CAGR of 5% during 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 ', 'Lakewood Organic ', 'Purely Pomegranate ', 'Del Monte Foods Inc. ', 'Minute Maid (Coca-Cola Company) ', 'Tropi (Tropicana Products Inc.) ', 'Navneet Impex ', 'Fresh India Organics ', 'Fleur Alpine'

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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