Apple Sauce Market

Apple Sauce Market Segmentation By Product (Conventional and Organic); By Composition (Sweetened, Unsweetened and Flavoured); By Packaging (Cups, Pouches, Jars, Cans and Others); By Application (Food & Beverage, Confectionary, Bakery, Baby Food and Others); By End User (Residential and Commercial) and By Distribution Channel (Online and Offline) - Global Industry Demand Analysis and Opportunity Assessment 2019-2028

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Report ID: 2740 | Published On: Feb 01, 2022
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


In The News

  • July 2019: Seneca Foods Corporation announced that the company has completed the acquisition of the fruit business of Paradise Inc. The products of Paradise Inc. are primarily sold to manufacturing bakers, institutions and retailers for use in home baking.


Apple Sauce Market Overview

The global apple sauce market is thriving on the back of the increasing utilization of apple sauce in the food industry, increasing awareness for the health benefits associated with the consumption of apple sauce, increasing availability of new, flavoured, and cost-effective apple sauce products in the market, and the increasing research and developmental activities that are being carried out for such food products. The global apple sauce market was valued at USD 1492.34 million in the year 2019 and is anticipated to reach a value of USD 2006.30 million by the end of 2028 by growing at a CAGR of 3.53% during the forecast period, i.e. 2021-2028. The market is also anticipated to grow on the back of the increasing population worldwide, along with the increasing popularity of apple sauce amongst the end users.


Growth Highlights Based on Region During 2019-2028

The global apple sauce market is segmented by regions into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Among these regions, the market in North America registered the largest share of 32.58% along with a value of USD 486.20 million in the year 2019 and is further anticipated to reach a value of USD 661.68 million by the end of 2028 by growing at a CAGR of 3.67% during the forecast period. Factors such as the increasing disposable income, healthy eating habits, changing customer preferences and others are anticipated to drive the growth of the apple sauce market in North America. The market in the region is primarily driven by the nations such as the U.S. and Canada. U.S. is also anticipated to be the second-largest producer of apple in the world. According to the statistics by the Agricultural Marketing Resource Center, there are approximately 7,500 apple producers in the country, producing about 240 million bushels of apples per year. Additionally, according to the USDA, the production of organic apples has also increased in the United States. In the year 2016, an estimated 583 farms in the United States produced about 521.3 million pounds of certified organic apples. Currently, Washington is the largest producer of organic apples in the country.

Apple Sauce Market Graph

The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).


Market Segmentation Synopsis

By Composition

The global apple sauce market has been segmented on the basis of composition into sweetened, unsweetened and flavoured. The flavoured composition segment is further segmented into mango, strawberry, cinnamon and others. The cinnamon segment registered the largest market share of 45.12% along with a value of USD 148.89 million in the year 2019 and is further anticipated to reach a value of USD 209.77 million by the end of 2028 by growing at a CAGR of 4.07% during the forecast period. Adding cinnamon in apple sauce helps to bring out the sweetness in the sauce without added sugars. Additionally, cinnamon has various health benefits such as it reduces high blood cholesterol and reduces the risk of heart disease. Cinnamon also acts as an anti-inflammatory agent and are also rich in antioxidants. CLICK TO DOWNLOAD SAMPLE REPORT

Apple Sauce Image


Apple Sauce Market Graph
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Market Drivers and Challenges

Growth Indicators

Increasing Consumer Preferences for Apple Sauce

The increasing awareness among the consumers regarding the health benefits of apple consumption has boosted the uptake of apple products, such as juices, sauce, and flavoured products. Apple sauce contains high amount of vitamin C along with fiber or pectin, which is conventionally used to treat diarrhoea. Additionally, in several countries around the world, apple sauce is served as a dessert and is also widely used for baking of cakes or as a flavouring agent or as sweetener. Apple sauce possesses numerous health benefits, such as it reduces the risk of cardiovascular disease, cancer, cellular aging and further improves digestion. Moreover, the rising preferences for a healthy lifestyle is further projected to boost the consumption of apple sauce, which in turn is anticipated to drive the growth of the global apple sauce market.

Increasing Consumption of Apples

According to the statistics by the USDA, fresh apple production around the globe for the year 2019-20 is anticipated to rise up to 5.0 million metric tons.

Apple cultivation is one of the most prominent agricultural practices in countries such as the US, China and India, and the food and beverage industry in these countries accounts for a considerable value share. On account of health benefits associated with fruits, players operating in the food & beverage industry are approaching for food & drinks associated with fruits, which is expected to drive the growth of the apple sauce market. Major manufacturers of apple sauce produce apple sauce products with a mixture of various other fruits to offer different flavours, enhance the taste, and provide health benefits from other fruits. For instance, vitamins and fibers are obtained from strawberries, antioxidants from raspberries, and zinc and manganese obtained from maple. The addition of flavoured apple sauce to sweetened and unsweetened apples is increasingly attracting consumers on the back of a wide range of options available in the apple sauce market.

Fresh Apple Graph

Barriers

Availability of Substitute Products

One of the significant factors anticipated to hinder the growth of the global apple sauce market is the availability of substitutes and alternative products for apple sauce. For instance, mashed bananas can be used as an alternative in baking. In addition, using it in oil or butter makes recipes a little healthier. Additionally, apple sauce can also be replaced by dairy products, such as yoghurt. Moreover, decreasing production of apples in several countries worldwide owing to the changing climate, reduced arable land and others are anticipated to lower the market growth in the coming years.


Apple Sauce Image

Key Questions Answered in the Report

1) What are the major factors driving the growth of the Apple Sauce market?

Ans: Growing consumption of apples worldwide and the increasing consumer preferences for apple sauce are some of the major factors that are driving the growth of the market.

2) What would be the CAGR of Apple Sauce market over the forecast period?

Ans: The market is anticipated to attain a CAGR of 3.53% over the forecast period, i.e. 2021-2028.

4) Which region will provide more business opportunities for growth of Apple Sauce market in future?

Ans: The market in Asia Pacific is anticipated to display significant business opportunities in the future.

5) Who are the major players dominating the Apple Sauce market?

Ans: The major players in the market are Seneca Foods Corporation, Nestle, Del Monte Foods, Inc., Tree Top, Inc., Burnette Foods, Inc., White House Foods, Santa Cruz Natural Incorporated, The J.M. Smucker Co., and Keurig Dr Pepper Inc.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the major segments in the global apple sauce market?

Ans: The market is majorly segmented by product, composition, packaging, application, end user, distribution channel and by region.

8) What can be the significant growth opportunity for the flavoured composition segment in the apple sauce market?

Ans: The cinnamon segment, which is a sub-segment of the flavoured composition segment, held the largest market share of 45.12% in the year 2019 and is anticipated to display significant growth opportunity.

8) What are the restraining factors for the market?

Ans: Decreasing production of apples in several countries and availability of substitutes are some of the major factors anticipated to act as a barrier towards the growth of the global apple sauce market.

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