PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1359051
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1359051
Pomegranate Market Forecasts to 2030 - Global Analysis By Product (Pomegranate Powder, Pomegranate Concentrate and Pomegranate Juice), Category (Conventional and Organic), Application and By Geography
According to Stratistics MRC, the Global Pomegranate Market is accounted for $271.64 million in 2023 and is expected to reach $444.83 million by 2030 growing at a CAGR of 7.3% during the forecast period. Pomegranates are one of the healthiest fruits, and their juice contains vitamins E and C that are extremely beneficial to human health. It also has the power to prevent the spread of prostate cancer cells, reduce diabetes, safeguard the heart and arteries, and maintain blood pressure. It acts as an anti-tumour, anti-oxidant, and anti-viral. Pomegranate consumption also reduces stress and disease risk in general. It can be used as a moisturiser and sunscreen, and it can be used to heal rashes, treat acne, and prevent wrinkles and other ageing symptoms. Pomegranate is frequently suggested by nutritionists as part of a diet to lower cholesterol and lose weight.
Market Dynamics:
Driver:
Rising health benefits and natural ingredients.
Pomegranates are rich in antioxidants, vitamins, and minerals, making them popular among health-conscious consumers. There is growing awareness of the health benefits associated with pomegranate consumption, such as improved heart health and antioxidant properties. Moreover, as consumers increasingly seek natural and functional ingredients in their food and beverages, the demand for pomegranate-based products has witnessed significant growth. It is recognised for its natural sweetness and unique flavour, making it an attractive ingredient for various applications, including juices, jams, sauces, and supplements. These properties are driving the demand for pomegranate.
Restraint:
Limited availability and seasonality of pomegranates
The limited availability and seasonality of pomegranates can hinder market expansion. During the off-season, when fresh pomegranates are not readily available, supply becomes limited. This scarcity can result in higher prices for fresh pomegranates, making them less accessible to consumers. The limited availability of fresh pomegranates also affects industries that rely on pomegranate-derived products, such as juices, extracts, and supplements. These industries may face challenges in sourcing an adequate and consistent supply of pomegranate raw materials throughout the year.
Opportunity:
Various applications of Pomegranate
The pomegranate market presents promising opportunities due to several factors. Pomegranate's versatility allows for its use in diverse industries. It is used in the production of juices, smoothes, jams, sauces, and even cosmetics. This wide range of applications opens up avenues for innovation and product development. Additionally, the global market for natural and organic products is expanding rapidly, and pomegranates fit well into this trend. As consumers seek healthier and more sustainable options, the demand for organic pomegranates and related products is expected to rise. Thus, these factors are propelling market growth.
Threat:
Various diseases and inadequate infrastructure
One of the significant threats is the vulnerability of pomegranate crops to various diseases and pests. Pomegranate trees are susceptible to fungal infections, bacterial diseases, and insect infestations, which can significantly impact yield and quality. In addition to this, inadequate infrastructure and logistical challenges in certain regions can also hinder the efficient distribution and transportation of pomegranate products, limiting market access and opportunities.
COVID-19 Impact:
The COVID-19 pandemic had a mixed impact on the pomegranate market. Supply chain disruptions, including labour shortages and transport restrictions, led to delays and increased costs. Export challenges arose due to import barriers and regulations, affecting traditional markets. However, changing consumer behaviour towards health and immunity positively influenced demand for pomegranates. The closure of foodservice establishments reduced demand in that sector, while some regions experienced increased sales in the domestic market. Overall, the pandemic's impact on the pomegranate market varied, with some sectors benefiting from increased demand while others faced challenges due to disruptions and changing market dynamics.
The Pomegranate Powder segment is expected to be the largest during the forecast period
The Pomegranate Powder segment is estimated to hold the largest share. Pomegranate powder retains the nutritional benefits of fresh pomegranates, including high levels of antioxidants and essential vitamins. It is widely used as a natural ingredient in food and beverage products, such as smoothies, baked goods, and nutritional supplements. The benefits of pomegranate powder include its versatility, ease of use, and growing awareness of its health benefits. This segment presents lucrative opportunities for manufacturers and suppliers catering to the rising consumer demand for convenient and nutrient-rich products.
The Cosmetics and Personal Care segment is expected to have the highest CAGR during the forecast period
The Cosmetics and Personal Care segment is anticipated to have lucrative growth during the forecast period. The cosmetics and personal care industries have embraced pomegranate as a valuable ingredient. Packed with antioxidants and vitamins, pomegranate offers numerous benefits for skin and hair health. It is commonly used in the formulation of skincare products such as moisturisers, serums, and masks, known for their anti-ageing and rejuvenating properties. Pomegranate extracts and oils are also incorporated into hair care products, promoting hair growth and enhancing shine. The natural and organic beauty trend has further propelled the demand for pomegranate-based cosmetics and personal care items, making it a sought-after ingredient in this thriving industry.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period. Due to the presence of nations like China and India, two of the major pomegranate producers in the world, the Asia-Pacific area has the fastest-growing pomegranate industry. One macroeconomic element that affects the market is the rise in food product consumption per person as a result of population growth. Pomegranate exports from these nations to other regions in huge quantities have increased revenue generation. Due to the existence of potential markets like India, China, and Japan, many international corporations are also establishing their production facilities in the region, which is boosting the expansion of the local economy. Therefore, growing consumer desire for unusual and healthier fruit may help exporters from poorer nations become more profitable.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period. Pomegranate fresh fruit and its derivative goods are in more demand as a result of consumer preferences for plant-based products, which has helped the regional market for these items grow. The cost of pomegranates and related products is higher in North America; thus, there is also a growing emphasis on strategies to lower the cost of the finished product. As a result, it is projected that this element would create lucrative opportunities for players engaged in North American Market. Moreover, increasing demand for pomegranate as a fresh fruit or derived product in countries such as the U.S. and Canada is a factor supporting the growth of the target market in the countries in this region.
Key players in the market:
Some of the key players in the Pomegranate Market include: POM Wonderful llc, The Coca Cola Company, Gilan Gabala Canning Factory, TTM Food, PepsiCo, Lakewood, Inc., The J.M. Smucker Company, Gateway Group, Taj Agro Products Ltd., The Wonderful Company LLC, Purely Pomegranate, A&B Ingredients, The Good Foods Co., Del Monte Foods Inc., Bellavista Exportaciones, Prohut Organics, Alpine Food Products, Valley Produce Group, JFC International and Fruition Fruits & Fills.
Key Developments:
In September 2022, Williams Sonoma, a portfolio brand of Williams-Sonoma, Inc., the world's largest digital-first, design-led, and sustainable home retailer, announced collaboration with POM Wonderful, the global leader in California-grown pomegranates. The POM Wonderful team collaborated with Williams Sonoma to create a one-of-a-kind product line that highlights the unique flavor and versatility of pomegranates. The products will be available as part of POM's 20th anniversary celebrations and as Williams Sonoma prepares to celebrate fall flavors.
In September 2022, Jiant, a modern beverage brand, announced the launch of Planet Pomegranate, the fifth hard kombucha in Jiant's celebrated seasonal series, in collaboration with social wellness platform Vizer. Planet Pomegranate, which is gluten-free and made from all organic and non-GMO ingredients, will be available from September to December, with proceeds benefiting US food banks and the fight against hunger.
Products Covered:
- Pomegranate Powder
- Pomegranate Concentrate
- Pomegranate Juice
Categories Covered:
- Conventional
- Organic
Applications Covered:
- Food and Beverage
- Cosmetics and Personal Care
- Pharmaceuticals
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 Application Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Pomegranate Market, By Product
- 5.1 Introduction
- 5.2 Pomegranate Powder
- 5.3 Pomegranate Concentrate
- 5.4 Pomegranate Juice
6 Global Pomegranate Market, By Category
- 6.1 Introduction
- 6.2 Conventional
- 6.3 Organic
7 Global Pomegranate Market, By Application
- 7.1 Introduction
- 7.2 Food and Beverage
- 7.2.1 Confectionery
- 7.2.2 Bakery
- 7.2.3 Dairy
- 7.2.4 Condiments
- 7.2.5 Beverages
- 7.3 Cosmetics and Personal Care
- 7.4 Pharmaceuticals
- 7.5 Other Applications
8 Global Pomegranate Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 POM Wonderful llc
- 10.2 The Coca Cola Company
- 10.3 Gilan Gabala Canning Factory
- 10.4 TTM Food
- 10.5 PepsiCo
- 10.6 Lakewood, Inc.
- 10.7 The J.M. Smucker Company
- 10.8 Gateway Group
- 10.9 Taj Agro Products Ltd.
- 10.10 The Wonderful Company LLC
- 10.11 Purely Pomegranate
- 10.12 A&B Ingredients
- 10.13 The Good Foods Co.
- 10.14 Del Monte Foods Inc.
- 10.15 Bellavista Exportaciones
- 10.16 Prohut Organics
- 10.17 Alpine Food Products
- 10.18 Valley Produce Group
- 10.19 JFC International
- 10.20 The Good Foods Co.
List of Tables
- Table 1 Global Pomegranate Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Pomegranate Market Outlook, By Product (2021-2030) ($MN)
- Table 3 Global Pomegranate Market Outlook, By Pomegranate Powder (2021-2030) ($MN)
- Table 4 Global Pomegranate Market Outlook, By Pomegranate Concentrate (2021-2030) ($MN)
- Table 5 Global Pomegranate Market Outlook, By Pomegranate Juice (2021-2030) ($MN)
- Table 6 Global Pomegranate Market Outlook, By Category (2021-2030) ($MN)
- Table 7 Global Pomegranate Market Outlook, By Conventional (2021-2030) ($MN)
- Table 8 Global Pomegranate Market Outlook, By Organic (2021-2030) ($MN)
- Table 9 Global Pomegranate Market Outlook, By Application (2021-2030) ($MN)
- Table 10 Global Pomegranate Market Outlook, By Food and Beverage (2021-2030) ($MN)
- Table 11 Global Pomegranate Market Outlook, By Confectionery (2021-2030) ($MN)
- Table 12 Global Pomegranate Market Outlook, By Bakery (2021-2030) ($MN)
- Table 13 Global Pomegranate Market Outlook, By Dairy (2021-2030) ($MN)
- Table 14 Global Pomegranate Market Outlook, By Condiments (2021-2030) ($MN)
- Table 15 Global Pomegranate Market Outlook, By Beverages (2021-2030) ($MN)
- Table 16 Global Pomegranate Market Outlook, By Cosmetics and Personal Care (2021-2030) ($MN)
- Table 17 Global Pomegranate Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 18 Global Pomegranate Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 19 North America Pomegranate Market Outlook, By Country (2021-2030) ($MN)
- Table 20 North America Pomegranate Market Outlook, By Product (2021-2030) ($MN)
- Table 21 North America Pomegranate Market Outlook, By Pomegranate Powder (2021-2030) ($MN)
- Table 22 North America Pomegranate Market Outlook, By Pomegranate Concentrate (2021-2030) ($MN)
- Table 23 North America Pomegranate Market Outlook, By Pomegranate Juice (2021-2030) ($MN)
- Table 24 North America Pomegranate Market Outlook, By Category (2021-2030) ($MN)
- Table 25 North America Pomegranate Market Outlook, By Conventional (2021-2030) ($MN)
- Table 26 North America Pomegranate Market Outlook, By Organic (2021-2030) ($MN)
- Table 27 North America Pomegranate Market Outlook, By Application (2021-2030) ($MN)
- Table 28 North America Pomegranate Market Outlook, By Food and Beverage (2021-2030) ($MN)
- Table 29 North America Pomegranate Market Outlook, By Confectionery (2021-2030) ($MN)
- Table 30 North America Pomegranate Market Outlook, By Bakery (2021-2030) ($MN)
- Table 31 North America Pomegranate Market Outlook, By Dairy (2021-2030) ($MN)
- Table 32 North America Pomegranate Market Outlook, By Condiments (2021-2030) ($MN)
- Table 33 North America Pomegranate Market Outlook, By Beverages (2021-2030) ($MN)
- Table 34 North America Pomegranate Market Outlook, By Cosmetics and Personal Care (2021-2030) ($MN)
- Table 35 North America Pomegranate Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 36 North America Pomegranate Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 37 Europe Pomegranate Market Outlook, By Country (2021-2030) ($MN)
- Table 38 Europe Pomegranate Market Outlook, By Product (2021-2030) ($MN)
- Table 39 Europe Pomegranate Market Outlook, By Pomegranate Powder (2021-2030) ($MN)
- Table 40 Europe Pomegranate Market Outlook, By Pomegranate Concentrate (2021-2030) ($MN)
- Table 41 Europe Pomegranate Market Outlook, By Pomegranate Juice (2021-2030) ($MN)
- Table 42 Europe Pomegranate Market Outlook, By Category (2021-2030) ($MN)
- Table 43 Europe Pomegranate Market Outlook, By Conventional (2021-2030) ($MN)
- Table 44 Europe Pomegranate Market Outlook, By Organic (2021-2030) ($MN)
- Table 45 Europe Pomegranate Market Outlook, By Application (2021-2030) ($MN)
- Table 46 Europe Pomegranate Market Outlook, By Food and Beverage (2021-2030) ($MN)
- Table 47 Europe Pomegranate Market Outlook, By Confectionery (2021-2030) ($MN)
- Table 48 Europe Pomegranate Market Outlook, By Bakery (2021-2030) ($MN)
- Table 49 Europe Pomegranate Market Outlook, By Dairy (2021-2030) ($MN)
- Table 50 Europe Pomegranate Market Outlook, By Condiments (2021-2030) ($MN)
- Table 51 Europe Pomegranate Market Outlook, By Beverages (2021-2030) ($MN)
- Table 52 Europe Pomegranate Market Outlook, By Cosmetics and Personal Care (2021-2030) ($MN)
- Table 53 Europe Pomegranate Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 54 Europe Pomegranate Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 55 Asia Pacific Pomegranate Market Outlook, By Country (2021-2030) ($MN)
- Table 56 Asia Pacific Pomegranate Market Outlook, By Product (2021-2030) ($MN)
- Table 57 Asia Pacific Pomegranate Market Outlook, By Pomegranate Powder (2021-2030) ($MN)
- Table 58 Asia Pacific Pomegranate Market Outlook, By Pomegranate Concentrate (2021-2030) ($MN)
- Table 59 Asia Pacific Pomegranate Market Outlook, By Pomegranate Juice (2021-2030) ($MN)
- Table 60 Asia Pacific Pomegranate Market Outlook, By Category (2021-2030) ($MN)
- Table 61 Asia Pacific Pomegranate Market Outlook, By Conventional (2021-2030) ($MN)
- Table 62 Asia Pacific Pomegranate Market Outlook, By Organic (2021-2030) ($MN)
- Table 63 Asia Pacific Pomegranate Market Outlook, By Application (2021-2030) ($MN)
- Table 64 Asia Pacific Pomegranate Market Outlook, By Food and Beverage (2021-2030) ($MN)
- Table 65 Asia Pacific Pomegranate Market Outlook, By Confectionery (2021-2030) ($MN)
- Table 66 Asia Pacific Pomegranate Market Outlook, By Bakery (2021-2030) ($MN)
- Table 67 Asia Pacific Pomegranate Market Outlook, By Dairy (2021-2030) ($MN)
- Table 68 Asia Pacific Pomegranate Market Outlook, By Condiments (2021-2030) ($MN)
- Table 69 Asia Pacific Pomegranate Market Outlook, By Beverages (2021-2030) ($MN)
- Table 70 Asia Pacific Pomegranate Market Outlook, By Cosmetics and Personal Care (2021-2030) ($MN)
- Table 71 Asia Pacific Pomegranate Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 72 Asia Pacific Pomegranate Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 73 South America Pomegranate Market Outlook, By Country (2021-2030) ($MN)
- Table 74 South America Pomegranate Market Outlook, By Product (2021-2030) ($MN)
- Table 75 South America Pomegranate Market Outlook, By Pomegranate Powder (2021-2030) ($MN)
- Table 76 South America Pomegranate Market Outlook, By Pomegranate Concentrate (2021-2030) ($MN)
- Table 77 South America Pomegranate Market Outlook, By Pomegranate Juice (2021-2030) ($MN)
- Table 78 South America Pomegranate Market Outlook, By Category (2021-2030) ($MN)
- Table 79 South America Pomegranate Market Outlook, By Conventional (2021-2030) ($MN)
- Table 80 South America Pomegranate Market Outlook, By Organic (2021-2030) ($MN)
- Table 81 South America Pomegranate Market Outlook, By Application (2021-2030) ($MN)
- Table 82 South America Pomegranate Market Outlook, By Food and Beverage (2021-2030) ($MN)
- Table 83 South America Pomegranate Market Outlook, By Confectionery (2021-2030) ($MN)
- Table 84 South America Pomegranate Market Outlook, By Bakery (2021-2030) ($MN)
- Table 85 South America Pomegranate Market Outlook, By Dairy (2021-2030) ($MN)
- Table 86 South America Pomegranate Market Outlook, By Condiments (2021-2030) ($MN)
- Table 87 South America Pomegranate Market Outlook, By Beverages (2021-2030) ($MN)
- Table 88 South America Pomegranate Market Outlook, By Cosmetics and Personal Care (2021-2030) ($MN)
- Table 89 South America Pomegranate Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 90 South America Pomegranate Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 91 Middle East & Africa Pomegranate Market Outlook, By Country (2021-2030) ($MN)
- Table 92 Middle East & Africa Pomegranate Market Outlook, By Product (2021-2030) ($MN)
- Table 93 Middle East & Africa Pomegranate Market Outlook, By Pomegranate Powder (2021-2030) ($MN)
- Table 94 Middle East & Africa Pomegranate Market Outlook, By Pomegranate Concentrate (2021-2030) ($MN)
- Table 95 Middle East & Africa Pomegranate Market Outlook, By Pomegranate Juice (2021-2030) ($MN)
- Table 96 Middle East & Africa Pomegranate Market Outlook, By Category (2021-2030) ($MN)
- Table 97 Middle East & Africa Pomegranate Market Outlook, By Conventional (2021-2030) ($MN)
- Table 98 Middle East & Africa Pomegranate Market Outlook, By Organic (2021-2030) ($MN)
- Table 99 Middle East & Africa Pomegranate Market Outlook, By Application (2021-2030) ($MN)
- Table 100 Middle East & Africa Pomegranate Market Outlook, By Food and Beverage (2021-2030) ($MN)
- Table 101 Middle East & Africa Pomegranate Market Outlook, By Confectionery (2021-2030) ($MN)
- Table 102 Middle East & Africa Pomegranate Market Outlook, By Bakery (2021-2030) ($MN)
- Table 103 Middle East & Africa Pomegranate Market Outlook, By Dairy (2021-2030) ($MN)
- Table 104 Middle East & Africa Pomegranate Market Outlook, By Condiments (2021-2030) ($MN)
- Table 105 Middle East & Africa Pomegranate Market Outlook, By Beverages (2021-2030) ($MN)
- Table 106 Middle East & Africa Pomegranate Market Outlook, By Cosmetics and Personal Care (2021-2030) ($MN)
- Table 107 Middle East & Africa Pomegranate Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
- Table 108 Middle East & Africa Pomegranate Market Outlook, By Other Applications (2021-2030) ($MN)
