Fruit Kernel Product Market Scope
Fruit kernel refers to a softer and edible part of a fruit stone, seed or nut and is present within its shell. Fruit kernel products are used in the cosmetic and beauty industry, possess various health benefits, skincare products, are rich in antioxidants, and are also a rich source of Vitamin A, Vitamin K, and various other nutrients. There are various types of Fruit kernel products available in the market such as mango kernel oil, mango flour, palm kernel oil, coconut oil, and apricot kernel oil. It has multiple benefits that boost the fruit kernel products market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Nutiva Inc. (United States), The Herbs N Spices (India), NAMASHRAM INDUSTRIES (India), Raasi Foods (India), Marico (India), Neo Fragrances (India), PT.AGRO RESTU (Indonesia), India Aroma Oils And Company (India) and Green Enviro Management Systems Inc. (Philippines) |
CAGR | 4.9% |
The global fruit kernel product market is fragmented due to the presence of several manufacturers at the global and regional levels. The level of competition among the companies in the Fruit Kernel Product market is intense. Companies are providing a wide range of fruit kernel products in the market on various distribution platforms. Players are also investing in new technology and product to enhance their market presence.
Nutiva Inc. (United States), The Herbs N Spices (India), NAMASHRAM INDUSTRIES (India), Raasi Foods (India), Marico (India), Neo Fragrances (India), PT.AGRO RESTU (Indonesia), India Aroma Oils And Company (India) and Green Enviro Management Systems Inc. (Philippines) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Fruit Kernel Product market by Type , by Application (Food and Beverage, Cosmetics, Household and Others) and Region with country level break-up.
On the basis of geography, the market of Fruit Kernel Product 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2023, DeHaat acquired the fruit export biz of Freshtrop Fruits, to strengthen the fruit value chain from India with deeper engagement with farmers, better technology transfer, and improved infrastructure.
On September 30, 2022, Austrian food tech startup Wunderkern launched its innovative Kern Milk made with apricot kernels. This alt milk entered the competitive alternative drink market with significant success.
“The Food Safety and Standards Authority of India (FSSAI) notified the World Trade Organization of the Draft Food Safety and Standards (Food Products Standards and Food Additives) Amendment Regulations, 2017. The heat-damaged/discolored kernels are kernels, whole or broken, that have changed their normal color as a result of heating. This category includes whole or broken kernels that are yellow due to alteration.”
Influencing Trend:
Increasing Adoption of Fruit Kernel Product among The health Conscious People
Market Growth Drivers:
Growing Demand for Natural Products for Its Health Benefits and Rising Demand for Plant-Based Diet or Vegan Products in The Countries
Challenges:
Market Presence with Numerous Players Pose a Challenge for Fruit Kernel Product and Lacking in Promotional Activities Constraining Fruit Kernel Product Market Value
Restraints:
Presence of Several Low-quality Fruit Kernel Products in the Market in Lower Prices
Opportunities:
Wide Range of Fruit Kernel Product Leads Growth in Distribution Market B2B and B2C
Key Target Audience
Fruit Kernel Product Manufacturers, Fruit Kernel Product International Traders, Fruit Kernel Product Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others