World Mixed Fruit Jam Market Size Estimated to Reach $8.5 Billion by 2025
The World Mixed Fruit Jam Market size is estimated to reach $8.5 Billion by 2025, growing at a CAGR of 3.5% during the forecast period 2020-2025. The Mixed fruit jam refers to a combination of fruits or vegetables that have been prepared and canned for long term storage. The rising preference for ready to eat food products, changing lifestyles, multiple distribution channels and increasing acceptance of mixed fruit jam products are some of the factors driving market growth during the forecast period 2020-2025.
World Mixed Fruit Jam Market Segment Analysis - By Type
Based on Type, World Mixed Fruit Jam Market is segmented into Jams, Marmalades, Confitures, Puree, and Others. The Jams segment holds the largest share in terms of revenue in 2019. This is owing to rising demand for gourmet assortments of jams, mixed fruit jams, and among others which are available in the market. The Marmalades segment is set to be the fastest-growing CAGR of 4.23% during the forecast period 2020-2025. This is owing to the long shelf life and manufacture for sale to the end-users, long term storage stability and increasing acceptance of marmalades products.
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World Mixed Fruit Jam Market Segment Analysis - By Application Type
Based on Application type, World Mixed Fruit Jam Market is segmented into Physical Store, Online Store. The Physical Store segment held the largest share in 2019. This is owing to Customers are likely to pick more items than planned to owe to the way that they are displayed. Since a physical store exposes customers to a wide range of products. However, Online Store segment is set to be the fastest-growing CAGR during the forecast period 2020-2025. This is owing to, facilities including, Online product tracking facility, professionalism, cost saving and fast delivery of food products across the globe.
World Mixed Fruit Jam Market Segment Analysis - By Geography
Based on Geography, The World Mixed Fruit Jam Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North American region dominated the World Mixed Fruit Jam Market in 2019 with a share of 36.8%. This is owing to rising disposable incomes, rising urbanization and consumers are ready to spend on gourmet food which involves the use of jams and preservatives in the region. However, Asia Pacific is set to be the fastest growing CAGR during the forecast period 2020-2025. This is owing to the increasing number of restaurants, rising preference for ready to eat food products, changing lifestyles, multiple distribution channels, and increasing acceptance region.
World Mixed Fruit Jam Market Drivers
Increase in consumption of Fruit jams products across the world
The Consumption of fruit and jams has been strong in many countries, especially during breakfast, which is the most important meal of the day for most people. As for the flavors, some of the most popular jams, jellies, purees and, marmalades include strawberry, hazelnut, apricot, orange, and raspberry, cherry. In addition, the positive image of superfoods has also led to the appreciation of berry fruit spreads without added sugar. However, these factors are driving the World Mixed Fruit Jam Market.
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World Mixed Fruit Jam Market Challenges
The main challenge for the mixed fruit jam market is the packaging of locally manufactured preserves for commercialization, as the usual packages for such products are imported glass jars that are not readily available and affordable to an average local producer more economical, such as plastic tubs that have lower production and distribution costs in Re-used containers are also collected, but great care is needed to ensure that they are properly cleaned and sterilized.
World Mixed Fruit Jam Market Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the World Mixed Fruit Jam Market. Key companies of this market are Barker, Darbo, Hero, Fourayes, RainSweet, Puratos, Presad, Frujo, Jebsen Industrial, Shineroad, and among others.
World Mixed Fruit Jam Market Developments:
In February 2016, Puratos Group has acquired Australian Jam this owing to expand further to develop the range of high quality, innovative and locally made mixed fruit jams products in various regions.
Key Takeaways
Geographically, The North American region held the highest market share in 2019. This is owing to Economic Developments and changing food consumption patterns in the region.
The factors such as High demand for Mixed fruit jams products from rising preference for ready to eat food products, changing lifestyles, multiple distribution channels and increasing acceptance of mixed fruit jam products lead to the growth of the market during the forecast period 2020-2025.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the World Mixed Fruit Jam Market.
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