USD 24.8 billion
Report ID: SQMIG30H2041 | Region: Global | Published Date: December, 2022 | Pages: 165 | Tables: 89 | Figures: 68
Pomegranate Market size was valued at USD 24.8 billion in 2021, and it is expected to reach a value of USD 33.86 billion by 2028, at a CAGR of 5.3% over the forecast period (2022 - 2028).
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.
Global Market Size
USD 24.8 billion
food and beverage
food and beverage
To get more reports on the above market click here to Buy The Report
The global pomegranate market has been segmented based on application, category, product, and region. Based on application, the Pomegranate Market is segmented into food & beverage, pharmaceutical, and cosmetics. By product, the Pomegranate Market is segmented into pomegranate powder, pomegranate juice, and pomegranate concentrate. Based on the category, the Pomegranate Market is segmented into organic and conventional. Based on region, the global pomegranate market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Pomegranate Market Analysis by Application
Due to the extensive use of pomegranate in various food products, the food and beverage segment holds the majority of the market share in the application sector. Pomegranate juice is used to create a variety of functional drinks, cocktails, and mocktails to boost their flavour and aesthetic appeal, which has propelled the beverage industry to the top. To enhance the flavour and texture of salads and sauces, pomegranate juice is used to create vinegar.
Pomegranate Market Analysis by Product
Pomegranate concentrate accounts for the majority of the market share in the product sector due to its widespread use in the preparation of various juices and medicinal syrups. Pomegranate juice is also gaining popularity as a nutritional drink because of its immunity-boosting properties.
Pomegranate Market Analysis by Category
The organic pomegranate segment is leading because of the increased consumer demand for organic and clean-label products. Organic products are perceived to be healthier than conventional products because they are free of harmful chemicals and pesticides.
To get detailed analysis on other segments, Request For Sample Report
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.
In terms of revenue, the European market holds the second-highest share and is predicted to develop profitably soon. One of the main drivers of this region's target market's expansion is the rising pomegranate consumption, particularly in Germany and the UK. Another factor that is anticipated to encourage the growth of the pomegranate market in Europe over the forecast period is the high acceptability of the Bhagwa type in the countries.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Pomegranate Market Driver
Pomegranate Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
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
Pomegranate Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, of application, the food and beverages segment dominated the global pomegranate market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, Asia Pacific dominated the global pomegranate market owing to the region's exporting their goods to North America and Europe.
|Market size value in 2021||USD 24.8 billion|
|Market size value in 2028||USD 33.86 billion|
|Forecast period||2022 - 2028|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Pomegranate Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Pomegranate Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Pomegranate Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Pomegranate Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.SPEAK TO AN ANALYST
Get lifetime access to our reportsBasic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOW
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.
Product ID: SQMIG30H2041