Fruit Flour Market

The global fruit flour market is expected to see a steady increase in both consumption and production over the next eight years. Consumption volumes are forecasted to grow at a CAGR of +2.3% reaching 367K tons by 2030, while market value is projected to increase to $2.1B. Major consuming countries include Angola, India, and the Philippines, with significant growth rates expected in India. Production volumes are estimated to reach 318K tons by 2022, with largest exporting countries being Spain, the United States, and Turkey. Import and export trends show fluctuations over the years, with average prices also varying by country of origin.

Market Forecast

Driven by increasing demand for fruit flour worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.3% for the period from 2022 to 2030, which is projected to bring the market volume to 367K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.2% for the period from 2022 to 2030, which is projected to bring the market value to $2.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Fruit Flour

In 2022, approx. 307K tons of fruit flour were consumed worldwide; picking up by 1.7% against the previous year. The total consumption volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global consumption reached the peak volume in 2022 and is expected to retain growth in years to come.

The global fruit flour market value shrank to $1.5B in 2022, reducing by -10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -11.3% against 2020 indices. Global consumption peaked at $1.7B in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Angola (53K tons), India (42K tons) and the Philippines (40K tons), together accounting for 44% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by India (with a CAGR of +31.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($264M), Angola ($255M) and the Philippines ($192M) appeared to be the countries with the highest levels of market value in 2022, together accounting for 48% of the global market. Indonesia, India, France, the United States, Turkey, Canada, Bulgaria, Germany, the UK and Hong Kong SAR lagged somewhat behind, together comprising a further 30%.

Among the main consuming countries, India, with a CAGR of +32.4%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of fruit flour per capita consumption in 2022 were Bulgaria (1,783 kg per 1000 persons), Angola (1,499 kg per 1000 persons) and Hong Kong SAR (669 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by India (with a CAGR of +30.4%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Fruit Flour

Global fruit flour production expanded to 318K tons in 2022, picking up by 2.9% compared with 2021 figures. The total output volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 8.4% against the previous year. Global production peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, fruit flour production amounted to $1.6B in 2022 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 20%. Global production peaked at $1.6B in 2020; afterwards, it flattened through to 2022.

Production By Country

The countries with the highest volumes of production in 2022 were Angola (52K tons), India (46K tons) and the Philippines (41K tons), with a combined 44% share of global production. Indonesia, Spain, the United States, China, Bulgaria, Turkey, Sri Lanka and Vietnam lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Bulgaria (with a CAGR of +411.4%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Fruit Flour

After two years of growth, overseas purchases of fruit flour decreased by -11.1% to 77K tons in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 15%. As a result, imports reached the peak of 87K tons, and then declined in the following year.

In value terms, fruit flour imports fell to $382M in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.5% against 2012 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 22%. Global imports peaked at $427M in 2021, and then contracted in the following year.

Imports By Country

France (8.3K tons), Germany (7.7K tons), Canada (5.8K tons), Turkey (4.7K tons), the UK (3.9K tons), the United States (3.8K tons), Singapore (2.8K tons), the Netherlands (2.3K tons), Japan (1.9K tons), Australia (1.8K tons), South Korea (1.8K tons) and Italy (1.7K tons) represented roughly 60% of total imports in 2022. Taiwan (Chinese) (1.7K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +33.7%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, France ($44M), Germany ($41M) and Canada ($36M) appeared to be the countries with the highest levels of imports in 2022, together comprising 32% of global imports. The UK, the United States, Japan, Singapore, the Netherlands, Australia, Italy, South Korea, Turkey and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 30%.

Among the main importing countries, Singapore, with a CAGR of +27.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average fruit flour import price amounted to $4,944 per ton, stabilizing at the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fruit flour import price increased by +67.9% against 2012 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 22%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($7,609 per ton), while Turkey ($1,319 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Fruit Flour

In 2022, after two years of growth, there was significant decline in shipments abroad of fruit flour, when their volume decreased by -6.1% to 89K tons. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 16%. Over the period under review, the global exports hit record highs at 107K tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, fruit flour exports declined to $442M in 2022. In general, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.3% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 19%. Over the period under review, the global exports reached the maximum at $491M in 2021, and then declined in the following year.

Exports By Country

In 2022, Spain (18K tons), distantly followed by the United States (9.4K tons), Turkey (5.8K tons), India (5.1K tons) and Vietnam (5.1K tons) represented the largest exporters of fruit flour, together mixing up 49% of total exports. Malaysia (3.8K tons), Indonesia (3.3K tons), Rwanda (2.8K tons), Germany (2.7K tons), Sri Lanka (2.6K tons), Italy (2.5K tons), Singapore (2.5K tons) and the Netherlands (2.2K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Rwanda (with a CAGR of +114.8%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest fruit flour supplying countries worldwide were Spain ($89M), the United States ($64M) and Turkey ($33M), together comprising 42% of global exports. Germany, Vietnam, Italy, Malaysia, Indonesia, Singapore, the Netherlands, India, Sri Lanka and Rwanda lagged somewhat behind, together comprising a further 30%.

Rwanda, with a CAGR of +70.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average fruit flour export price stood at $4,992 per ton in 2022, with a decrease of -4.1% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. Over the period under review, the average export prices hit record highs at $5,203 per ton in 2021, and then shrank slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($9,404 per ton), while Rwanda ($145 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform