About Quince
Quince is a rounded and small fruit grown on trees. It looks similar to a pear and is golden when it matures. While the immature fruit is green. Quince is found on rocky slopes and forest edges in Western Asia, including Armenia, Turkey, Georgia, Azerbaijan, northern Iran, and Afghanistan, as well as Romania. In its raw form, the fruit has a heavy fragrance and is astringent, but it makes an excellent preserve and is often used to flavor and sharpen stewed or baked apples. When baked, the flesh turns pink, giving jellies and preserves a pleasing appearance. Quince is also a valuable crop in Turkey and many other areas of Asia.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.9% |
As Turkey and China dominate the production of Quince, the firms in the Quince market are also Chinese and Turkish. Regional firms dominate in this market. Marketing is necessary for this market. The market is segmented and no one firm has an enormous pie of the market. The key thing in this market is the quality cultivation of Quince trees. There are no major barriers to entry in this market for a new entrants. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Provisions (New Zealand), Welloff Trading Co. (Pakistan), Turkish Fruits (Turkey), China Supplier - Diamond Member, Hangzhou Qihuan Biotechnology Co., Ltd (China), Xuancheng Baicao Pharmaceutical Co., Ltd (China) and Fujian Qinqin Holdings Co., Ltd (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Deniz Olgun Gida Sanayi Ve Ticaret Ltd. (Turkey), Sultan Tarim Urunleri Gida Ltd. (Turkey) and Sultar Tarim Urunleri Ltd. (Turkey).
Segmentation Overview
AMA Research has segmented the market of Global Quince market by , Application (Food and Beverages, Pharmaceuticals, Cosmetics and Other) and Region.
On the basis of geography, the market of Quince has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Quince market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Raw Form will boost the Quince market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Varieties, the sub-segment i.e. Van Deman will boost the Quince market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Innovation in The Techniques to Prevent Bacterial Diseases Caused on The Quince
Market Growth Drivers:
The demand of Quince for Use in Jams and Jellies and Consumption of Quince as An Ingredient in Beverages
Challenges:
Quince Is Falling Out of Trend in Healthy Diet and Low Shelf Life of Quince
Restraints:
Lack of Familiarity Among General Population with The Quince
Opportunities:
Emerging Demand of Quince from Restaurants and Hotels as Speciality Fruit and Growing Demand of Quince by Pharmaceuticals Industry
Market Leaders and their expansionary development strategies
On April 2023, Quince Therapeutics, Inc. announced that it has retained MTS Health Partners, L.P. (MTS) as its financial advisor to support Quince’s Board of Directors and management team in the review and evaluation of strategic alternatives intended to maximize long-term value for all Quince stockholders. The engagement will focus on the company’s previously stated prioritization of in-licensing and acquisition activities, as well as alternative options and proposals, as warranted.
In February 2024, Quince Therapeutics, Inc. a late-stage biotechnology company developing an innovative drug delivery technology that leverages a patient’s own biology to deliver rare disease therapeutics, today announced the launch of a Scientific Advisory Board (SAB) comprised of leading experts in biochemistry, neurology, immunology, hematology, pharmacology, and clinical practice.
For fruit imports in the USA; according to the US Department of Agriculture, “USDA may require a written permit for importing fresh and/or frozen fruits and vegetables (including fresh herbs and sprouts) for consumption from all foreign sources into the United States and its territories.”
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Quince Producers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.