COVID-19 has compressed the global economy and, with it, the production, manufacturing sector, disruption, and financial, impacting the market growth.
Jam made from mixed fruits is a prepared food item that may be kept for a very long time. Multiple fruits can be used in its preparation. Commercial fruit pectin is a primary ingredient in jam preparation to increase jam thickness. Fruit, sugar, acid, and pectin are all combined in the right amounts. Gelling agents, sugar, or honey are used when making jam with mixed fruits. Puratos, Hangzhou Henghua, I. Rice, Fourayes, and Wenshen Strawberry are the leading firms that account for most of the market share in this sector.
Global Mixed Fruit Jam Market is projected to increase at a significant CAGR of5.80 % in the coming years. In 2021, the global rapeseed oil market was valued at USD 6792.5 Million and was projected to reach a value of USD 9526.72 million by 2028. The demand for rapeseed oil is projected to increase substantially in the coming years. It is presumed to generate revenue opportunities for the key industry players worth USD 2734.2 million during the forecast period between 2022 and 2028.
The key players in the global mixed fruit jam market in terms of value and volume include Puratos, Hangzhou Henghua, I. Rice, Fourayes, Wenshen Strawberry, Fresh Food Industries, Jebsen Industrial, Mingbin Food, Shineroad, Hero, Fruit Fillings, PRESAD, Frujo a.s., Shanghai Fuyuan, Luhe Food, RainSweet, Barker, AGRANA, Darbo, EFCO, Leqin Food. These major corporations are focusing their efforts on development of new products and technological innovation. to improve their production of mixed fruit jam in order to gain a competitive market share on a global scale. Furthermore, some regional and national players are heavily investing in expanding their product portfolios and announcing acquisitions. For instance, in May 2022, Puratos announced the addition of the Danish producer of fruit fillings and jams, Give Konfekture in giving, and the company behind Dainty ApS. Give Konfekture, and Puratos Denmark will until further continue as two independent sister companies under the Puratos Group.
In the global mixed fruit jam market, the major countries are the United States, Canada, Mexico, Germany, the UK, France, Italy, Spain, and Russia. The U.S. will be the primary producer and consumer of mixed fruit jam in the global market in 2021. Furthermore, increased demand for organic fruits is driving the market in developed countries. and the growing health consciousness among consumers. Furthermore, mergers & acquisitions, new product launches, collaboration & partnership, expansion, investment & funding updates, and other developments are anticipated to drive the growth of the mixed fruit jam market during the forecast period.
The most popular smaller fruits for making mixed fruit jams are berries and grapes, while larger fruits such as peaches, apricots, apples, or plums, are crushed or sliced into small pieces. With different dark colors and a semi-jellied texture that has no loose liquid and is simple to spread, mixed fruit jam has a uniform and smooth surface without any noticeable fragments of fruit. Due to their exceptional health advantages, organic assorted fruit jams with a relatively low organic sugar content are more popular. Additionally, people prefer blended fruit jams without additional flavors or preservatives, which is anticipated to boost the jam product segment.
The mixed fruit jam market is primarily driven by expanding demand for ready-to-eat food products, urbanization, the convenience of food supplement items, changing lifestyles, different distribution channels, and increasing acceptance of various flavored food products. In addition, consumer preferences are changing in favor of low-sugar jams and increasing health awareness, driving the demand for jams made with mixed fruits. All these factors are anticipated to drive the mixed fruit jam market expansion in the coming years.
The primary restraint of the global rapeseed oil market, which is expected to impede market growth, is the need for mixed fruit jams is expanding quickly. Still, rising ingredient and raw material costs, erratic government regulations regarding food additives and processed foods, and other factors are expected to restrain market expansion. Furthermore, Price instability is a result of an increase in export restrictions, export taxes, and import tariffs on agricultural commodities are major factors hampering the market growth during the forecast period.
North America dominated the global mixed fruit jam market regarding value and volume. This is due to the manufacture of novel items and the introduction of fresh flavors in the mixed fruit jam. One of the leading market potentials is the usage of organic food products. Furthermore, the rise in jam consumption, particularly in emerging countries where consumer spending is on the rise, is driving market expansion. The global market for mixed fruit jams is anticipated to spur market growth over the forecast period owing to the increased demand for gourmet jam assortments. Additionally, consumers' preference for gourmet jams results from the increased demand for indulgent pleasures, which is expected to drive the industry's growth in North America. One of the key market trends is the growing demand for natural and organic food items in the region.
Global Mixed Fruit Jam Market – By Ingredient
Global Mixed Fruit Jam Market – By Distribution Channel
Global Mixed Fruit Jam Market – By Products
Global Mixed Fruit Jam Market – By Applications
COVID-19 has compressed the global economy and, with it, the production, manufacturing sector, disruption, and financial, impacting the market growth.
North America accounted for the highest share in the global mixed fruit jam market in terms of value and volume.
The rising acceptance of natural food products has further led to farmers' profits since farming natural food products involves the use of technologically advanced ecological techniques are the major factors driving the market's growth.
Sweet ingredients segment had a significant share in the global market in 2021 and is projected to continue its dominance over the forecast period.
Supermarkets' distribution channel had a significant share in the global market in 2021 and is projected to continue its dominance over the forecast period.
Report Attribute | Details |
---|---|
Market Value in 2021 | USD 6792.5 Million |
Market Value in 2028 | USD 9526.72 million |
CAGR | 5.80 % |
Benchmarking Year | 2021 |
Past data | 2016 – 2021 |
Forecast period | 2022 – 2028 |