Dragon Fruit Powder Market
Dragon Fruit Powder Market Share Analysis, By Source Type (Hylocereus guatemalensis, Hylocereus polyrhizus, Others), By Applications (Cosmetics, Pharmaceuticals, Food & beverages, Others), By Distribution Channels (Modern trade, Specialty stores, Others) & By Region - Global Market Insights 2022 to 2032
Analysis of Dragon Fruit Powder Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Dragon Fruit Powder Market Outlook (2022-2032)
The dragon fruit powder stores in itself a wealth of fiber and minerals, which impose several physiological benefits on the health of the consumers. The dragon fruit powder is rich in antioxidants, fiber, and vitamins C and B and therefore, acts as an excellent ingredient for lowering cholesterol and boosting immunity, among others.
The dragon fruit powder also serves benefits related to weight management and brain functionalities. The dragon fruit powder is used for the manufacture of various personal care and beauty products as it serves multiple skin benefits like anti-aging, soothing skin burns, and also helps in treating acne, which, in turn, boosts the global dragon fruit powder market.
The dragon fruit has its origins in the Americas, and some new world settlers brought this fruit to South and East Asian Nations, such as Thailand, Taiwan, Vietnam, the Philippines, and Cambodia. However, dragon fruit powder is available worldwide and forms an essential part of dietary fruit intake.
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What are the drivers of demand for Dragon fruit powder?
“A Tropical superfood and mushrooming in dietary preferences”
This fruit is known as a tropical superfood due to its astonishing health benefits. dragon fruit powder is available worldwide and forms an essential part of dietary fruit intake. Owing to various pharmaceutical,?nutraceutical, and cosmetic benefits served by dragon fruit powder, it is gaining a significant share of popularity among consumers worldwide.
The multiple benefits served by dragon fruit powder aid the growth of the dragon fruit powder market. Due to an increased inclination towards a fiber-rich diet, dragon fruit powder is gaining further traction among health-conscious consumers.
The dragon fruit powder is purported to be protective against cancer and boost the immune system of consumers. The dragon fruit powder acts as a perfect supplement for people following vegan, non-GMO, and gluten-free lifestyles. Latin America is likely to be the dominant region in the dragon fruit powder market due to the high cultivation of dragon fruit in the region.
“Rising adoption in personal care products likely to propel market share in forecast period”
Due to its abundance in antioxidants, fibre, Vitamin C, and B, dragon fruit powder is a fantastic component for decreasing cholesterol and enhancing immunity, among other things. Additionally, useful for managing weight and improving cognitive function is dragon fruit powder.
Due to its numerous skin benefits, including anti-aging, burn relief, and acne treatment, dragon fruit powder is used in the production of many personal care and beauty products. This has a positive impact on the global dragon fruit powder market.
Segment wise Insights
Based on the distribution channels the supermalls and hyper stores are dominant in market share. While online commerce is set to gain the fastest CAGR in the forthcoming period expected to rise in sales.
The food applications of dragon fruit powder are dominant over others as it is used in making ice creams and beverages too. The dry form of fruits is preferred majorly in confessionary products and is likely to gain attention in upcoming years.
The market can be divided into cosmetics, pharmaceuticals, food & beverages, nutritional supplements, and others based on the applications. The global market for pine needle oil can be divided into modern trade, specialty shops, franchise outlets, internet channels, and others based on the distribution channel.
Being a source of rich vitamins this fruit is likely to reign in the cosmetic domain. The pharma and personal care products segment is anticipated to gain the fastest growth rate in the forecast period.
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Latin America leads all other geographical areas in terms of market share for dragon fruit powder. Due to the region's expanding commercial dragon fruit growth, South Asia and East Asia trail Latin America in terms of consumption.
Due to the trend toward vegan lifestyles, North America is also projected to experience growth in the dragon fruit powder market. Increased adherence to veganism also increases consumers' inclination toward goods like dragon fruit powder in Oceania and South Asian nations.
The global dragon fruit powder market is highly fragmented as many domestic players are engaged in the dragon fruit powder market at various interjections in the value chain. Some of the key companies involved in the manufacturing and distribution of the dragon fruit powder are Wilderness Poets, Pitaya Plus, Unicorn Superfoods, Raw Nice, Hybrid Herbs, Light Cellar, SOL Organica, and BR Ingredients among others.
Key Segmentation for Dragon Fruit Powder Market
By Source Type :
- Hylocereus guatemalensis
- Hylocereus polyrhizus
By Applications :
- Food & beverages
By Distribution Channels :
- Modern trade
- Specialty stores
By Regions :
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa
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The dragon fruit powder market is expected to grow at a CAGR of 3.6% through the forecast period.
Increasing public awareness about adding micronutrients to their diet and increased demand for ready-to-eat food products such as noodles.
Europe is expected to be the most lucrative region for the growth of the dragon fruit powder industry.