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

Pomegranate Market Insights

Pomegranate Market size was valued at USD 248.4 Million in 2023 and is poised to grow from USD 261.57 Million in 2024 to USD 356.55 Million by 2032, growing at a CAGR of 5.3% during the forecast period (2025-2032).

The main factor anticipated to propel the growth of the global pomegranate market during the forecast period is the rising demand for pomegranate goods including pomegranate powder, pomegranate juice, functional beverages, as well as other pomegranate-derived products.

A significant trend in the market that is anticipated to gain traction is the rising consumption and demand for processed pomegranate goods around the world, with juice and cosmetics currently enjoying the highest levels of popularity. A factor that is anticipated to open up prospects for the participants in the target market is the growth initiatives and investments made by governments of various nations, such as the provision of subsidies and training for farmers and exporters. The cost of pomegranates and related products is higher in North America and Europe, thus there is also a growing emphasis on strategies to lower the cost of the finished product. In turn, this is a component anticipated to generate profitable chances for players active in the North American and European markets. For instance, implementing automation in growing and harvesting can help manufacturers enhance overall workflows, cut labour costs, and improve productivity.

Pomegranate powder is predicted to have the largest revenue share among the type segments and hold onto its lead during the projected period. Pomegranate powder sales are anticipated to grow at a CAGR of around 4.8%. In terms of revenue, the pomegranate juice concentrate segment holds the second-largest proportion.

US Pomegranate Market is poised to grow at a sustainable CAGR for the next forcast year.

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FAQs

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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