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Fruit Powders Market to Reach Value of US$ 22 Billion by 2030, And Rise At A CAGR of 6.8%, Data By Contrive Datum Insights

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Farmington, Feb. 19, 2023 (GLOBE NEWSWIRE) — The global Fruit Powder Market is estimated to reach USD 22 Billion by 2030 and is expected to register 6.8% CAGR during the forecast period, 2023 to 2030. Freeze-drying and vacuum processing are used to make fruit powder. Fruit powder can be bought at health food stores and organic markets. Fruits have more water, so they are concentrated and demineralized to get rid of the extra water, and then they are sprayed dried to make a powder that flows easily. Fruit powder can also be used to cook with or add flavour to food. Fruit powder has a long shelf life at room temperature because it doesn’t have much moisture, it doesn’t take up much space, and it doesn’t cost much to ship.

Request Sample Copy of Report “Fruit Powders Market – Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030”, published by Contrive Datum Insights.

Spray drying or freeze drying are two ways that fruit powders are made. Sun-dried or freeze-dried fruit is then turned into a powder that has the same number of calories as raw fruit. In addition to the small amount of sodium found in fruit powder, it does not have any artificial colours or preservatives. Most of the time, fruit powders are used in supplements, drinks, and products that add vitamins. It’s easy to add fruit powder to things like tablets, capsules, and soft capsules that are used in medicine.

Fruit Powders Market Recent Developments:

  • The South Am-Chile Santiago-based freeze-dried superfood producer has launched a new line of freeze-dried fruit powders using Maki Berry and Acai Berry as the superfruit-based ingredients.
  • Xi’an Lukee Bio-Tech provided customized powders in strawberry and pineapple flavors.
  • In February 2020, Germany’s Paradise Fruits launched frozen fruit granules and powders ideal for chocolate, pastry and bakery products.

Regional Outlook:

Asia-Pacific is now the most important part of the world, followed by Europe and North America. Growing use of fruit powders in the meat industry and growing demand for natural colourants are expected to boost the growth of the global fruit powders market and significantly increase their revenue contribution to the market over the next few years. People think that North America will grow a lot because there are so many food processing companies there and more money is being spent on research and development in the food and beverage industry. Europe is the biggest market for powdered fruit. In 2017, sales in Europe were more than $3 billion. Food products like superfoods, probiotic supplements, and dietary fibre products, which can make a lot of money, are likely to help the region grow. During the assessment period, the demand for fruit and vegetable powders in Europe is likely to rise due to a rise in dust from organic vegetables, wheatgrass, and spirulina in packaged and on-the-go foods. With a CAGR of 8.4% during the calculation period, the Asia-Pacific region was found to be the one that grew the most quickly.

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Scope of Report:

Report Attributes Details
Growth Rate 6.8% from 2023 to 2030
Revenue Forecast by 2030 USD 22 Billion
By Type Banana, Grapes, Blueberry, Apple, Strawberry, Mango, Others
By Applications Bakery & Confectionery, Dairy & Frozen Desserts, Beverages, Food Supplements, Others
By Companies Nutradry, DMH Ingredients, Kanegrade, Paradise Fruits, Aarkay Food Products, FutureCeuticals, NutriBotanica, La Herbal, Saipro Biotech Pvt. Ltd, Batory Foods, International Flavors & Fragrances Inc, And Others
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 to 2030

Fruit Powders Market Dynamics

Market Drivers:

As the number of vegans grows around the world, so does the demand for fruit powder. Fruit powders are easy to store and can make products last longer. Besides that, this powder can also be used when it’s not the right time of year. Powdered fruit is used in the food and drink industry to make foods and drinks taste and smell better. Also, using this powder helps keep the prices of fresh fruits stable at the start of the season. To stay at the top of the global market, leading companies are focusing on specific and new applications. Key players and manufacturers in the fruit powder market are planning to make new products to meet the growing demand for pharmaceutical and functional uses in food and drinks. The increasing demand for healthy fruit powder drinks that are high in vitamins, minerals, and antioxidants is a major factor in the global fruit powder market. Because people like health drinks with different fruit flavours, the global fruit powder market is likely to grow quickly in both developing and developed countries. Fruit powder can be used in many places where fresh fruit would be inconvenient or too expensive. The use of fruit powders in infant formula seems to be growing quickly. This is because people like fruit-flavored formulas that give babies important vitamins and minerals. During the next few years, the global fruit powder market is expected to grow quickly. This is because fruit powders are being used more and more in different industries, and businesses are making more and more fruit.

Market Restraints:

Natural disasters and extreme weather can have a big effect on fruit, which is a big reason why the global market isn’t growing as fast as it could be. Some people may also have allergic reactions to real fruit or fruit powder, which is another thing that could slow the growth of the global fruit powder market.

Fruit Powders Market Key Segments Covered:

Top Market Players:
Nutradry, DMH Ingredients, Kanegrade, Paradise Fruits, Aarkay Food Products, FutureCeuticals, NutriBotanica, La Herbal, Saipro Biotech Pvt. Ltd, Batory Foods, International Flavors & Fragrances Inc, and Others.

By Type:

  • Banana
  • Grapes
  • Blueberry
  • Apple
  • Strawberry
  • Mango
  • Others

By Application:

  • Bakery & Confectionery
  • Dairy & Frozen Desserts
  • Beverages
  • Food Supplements
  • Others

Regions and Countries Covered

  • North America: (US, Canada, Mexico, Rest of North America)
  • Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
  • Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
  • The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
  • Latin America: (Brazil, Argentina, Rest of Latin America)
  • Rest Of the World

Check out more related studies published by Contrive Datum Insights:

  • Recovered Packaging Market – The Global Recovered Packaging Market Is Projected To Grow At A CAGR Of 6.5% From 2022 To 2030. Asia Pacific dominated the global market in terms of revenue share in 2019. The region is expected to continue its dominance over the forecast period due to high demand for corrugated cartons and wood packaging from various end-use industries such as food and beverage retail and protective packaging.
  • Gable Top Packaging MarketThe global Gable Top Packaging Market is projected to grow at a CAGR of 3.4% during the forecast period 2022 to 2030. Asia Pacific is expected to emerge as a prominent region in the global gable top packaging market, accounting for the highest market revenue share. The growth of the Asia Pacific gable top packaging market can be attributed to the ever-growing food and beverage industry in the region. 
  • Packaging Robot Market – The Packaging Robot market size was valued at USD 4,352.1 million in 2022 and is expected to reach USD 14,475 million by 2030, at a CAGR of 12.3% from 2022 to 2030. In terms of region, the market is dominated by Asia Pacific. China is likely to show as high deal value as high volume in the global Packaging Robots market before long. The influx of Chinese manufacturers is expected to intensify the competition in the global packaging robotics market in Asia Pacific in the near future.
  • Loose Fill Polystyrene Packaging Market – The Global Loose Fill Polystyrene Packaging Market Is Estimated To Exhibit A CAGR Of 4.1% Over The Forecast Period. Asia Pacific held the dominant position in terms of revenue share in the global loose-fill polystyrene packaging market in 2017, accounting for a market share of 44.1%. End-use industries such as pharmaceuticals, cosmetics, and personal care industries in the region are growing rapidly, driving the growth of the market in the region.

Customization of the Report: The report can be customized as per client needs or requirements.For any queries, you can contact us on [email protected] or +1 215-297-4078. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.

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CUBE acquires global regulatory intelligence businesses from Thomson Reuters

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LONDON, May 17, 2024 /PRNewswire/ — CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces today its acquisition of the Thomson Reuters Regulatory Intelligence and Oden products and businesses.

The acquisition of these global businesses represents a major step forward in CUBE’s growth plans. It will deliver significant scale across many of the world’s leading and systemically important financial institutions. CUBE’s existing global customer base will be expanded to total approximately 1,000 customers in banking, insurance, asset and investment management, payments and adjacent regulated industries.
CUBE’s global employees will expand to 600, of which close to 250 are highly qualified regulatory subject matter experts, legal and compliance professionals.
Ben Richmond, founder and CEO of CUBE said: “Thomson Reuters is known to be the biggest and best in the industry for providing regulatory expert analysis and subject matter expertise, alongside world-leading journalism and news. The combination of CUBE’s purpose-built AI, with the years of content curated by Thomson Reuters Regulatory Intelligence and Oden expert analysts, will accelerate innovation. Together, we will deliver regulatory transformation capabilities for our global customers that could only have been imagined before.”
Richmond continues: “This combination will provide tremendous scale and depth across CUBE’s regulatory content and technology. It is a significant step toward creating an industry-defining regulatory compliance and risk platform that will benefit all customers and elevate the industry as a whole.”
Through this acquisition, CUBE will provide an expanded and comprehensive selection of specialized regulatory intelligence and regulatory change services, committed to excellence, quality, and highly contextualised and meaningful regulatory content for customers. By combining cutting-edge technology and subject matter expertise at scale CUBE will set a new bar for the industry in regulatory automation and content.
Chris Maguire, General Manager, Risk and Fraud, Corporates, Thomson Reuters said: “It was clear to us that CUBE had established itself as a leading regulatory intelligence provider for global enterprise clients in the financial services and insurance sectors. We wanted to ensure our customers and employees could work with an organisation that would continue to innovate and significantly invest in solutions like Thomson Reuters Regulatory Intelligence and Oden. We are working tirelessly to ensure a seamless and value-enhancing transition for customers and employees, and we are looking forward to working with the CUBE team during this transition.” 
Christopher Fielding, Hg, said: “We’re delighted to further extend our market reach, bringing in two high quality and complementary global businesses to the CUBE platform.”
Thomas Martin, Hg, added: “We see these acquisitions as enabling further innovation in the regulatory intelligence and change management sector, leading to strengthened demand for these quality solutions across the globe.”
The terms of the transaction will not be disclosed.
About CUBE
CUBE provides a highly comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. CUBE’s purpose-built regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.
With operations across Europe, North America, Canada, Asia, and Australia, CUBE serves a diverse and global base of customers and partners including the largest financial institutions in the world who leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes.
Following the strategic partnership with Hg in March 2024, CUBE announced the acquisition of US-based Reg-Room in May 2024.
About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.
This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with over 110,000 employees, consistently growing revenues at more than 20%.
About Regulatory Intelligence
Regulatory Intelligence is a proactive, connected, and comprehensive solution that tracks and analyses regulatory changes within ~2,000 regulatory bodies and rulebooks for more than 20 countries. It enables banking, financial services, and insurance (BFSI) sectors to manage exposure to operational, regulatory, and compliance risk.
About Oden
Oden State Rules and Regulations (SR&R), Oden Policy Terminator/Sentry PT, and OdenTrack provide repositories and automated solutions for complying with state rules and regulations on the provisioning of Personal and Business Insurance in the US.

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Cayman Enterprise City Publishes Socio-Economic Impact Assessment by Economist and Leading Advisor on the Caribbean, Marla Dukharan

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The Impact of Cayman Enterprise City’s Socio-Economic Development Project Nears USD $1 Billion
GRAND CAYMAN, Cayman Islands, May 16, 2024 /PRNewswire/ — Cayman Enterprise City (CEC) has released a Socio-Economic Impact Assessment by Marla Dukharan. The report illustrates that CEC is increasing its impact by supporting higher earnings for Caymanians and is driving a shift towards a knowledge-based economy by focusing on high productivity sectors. The release by Dukharan reads, “Caymanian resourcefulness and private sector-led innovation have been the driving force behind the islands’ outstanding socio-economic success. Cayman Enterprise City underpins the next generation of Cayman innovation and dynamism.”

With an economic impact of USD $130 million in 2023, contributing just under USD $1 billion to the local economic activity in 12 years since inception, “CEC is helping the nation to diversify economically, in terms of sectors and jobs, ensuring locals have economic and employment opportunities that match the nation’s progress,” the report reads.
The CEC socio-economic development project is now home to 352 Special Economic Zones Companies (SEZCos), many of which are globally recognised institutions led by top executives and industry experts. “CEC member companies are providing high-value employment with salaries exceeding those typically found outside of the special economic zone,” said Charlie Kirkconnell, Chief Executive Officer at CEC. “The CEC community is fully invested in Cayman and the report illustrates that the CEC socio-economic development project is making a very significant impact on Cayman’s economy and community.”
“As CEC continues to grow, it continues to create significant employment and entrepreneurial opportunities for Caymanians and we encourage anyone that might be interested in finding out how they might get involved, whether as a member of the community and/or as a volunteer in our Enterprise Cayman non-profit organisation (NPO).”
77% of Caymanian-held jobs at CEC member companies, are in sectors with high social returns and increasing global demand. “By putting skills first and prioritizing learning, CEC is enabling new industries to take root,” the release by Dukharan reads.
CEC, through its Enterprise Cayman NPO, is a first-mover in private sector-facilitated education and training in the Caribbean, making it a leading force to boost youth participation in the economy. By offering training in specialised skills, Enterprise Cayman is helping to close the gap in higher education and earnings for Caymanians. “Through Enterprise Cayman we’ve set out to strategically support meaningful employment and entrepreneurial opportunities for Caymanians, by providing internship and mentorship opportunities, by hosting skill-building and career focused training, and by providing invaluable networking and community engagement opportunities,” said Kirkconnell.
In 2023 individuals took advantage of 4,226 opportunities to participate in education, training, and career development events and, since launching entrepreneurial programming in 2021, Enterprise Cayman has worked with 41 new Cayman-born business ventures. “We’re helping to develop a local talent pool that meets the demand of Cayman’s growing digital innovation and technology sectors while, in parallel, offering exciting opportunities for individuals to launch new business ventures within an innovative business environment,” said Kirkconnell.  
With CEC’s new campus and state-of-the-art facilities, Signal House, the project “holds the promise of deep, continued economic impact,” the report concludes.
To access CEC’s economic impact assessments and Enterprise Cayman’s annual reports please visit https://www.enterprisecayman.ky/reports. For more information on how to get involved and for upcoming programmes and events visit www.enterprisecayman.ky. 
Website: www.caymanenterprisecity.com LinkedIn: @CaymanEnterpriseCityTwitter:  @CEC_CaymanInstagram: @CaymanEnterpriseCityFacebook: @CaymanEnterpriseCityYouTube: @ceccayman
About Cayman Enterprise City 
Cayman Enterprise City (CEC) is an award-winning development project which consists of three special economic zones (SEZs) focused on attracting knowledge-based and specialised-services businesses to set up a genuine physical presence in the Cayman Islands. The zones included within CEC are Cayman Tech City, Cayman Commodities & Derivatives Centre, and Cayman Maritime & Aviation City. With a dedicated Government Authority, licensing fee concessions and guaranteed fast-track processes, CEC enables international companies to quickly and efficiently establish a Cayman Islands office, which in turn enables them to generate active business income within a tax neutral environment.
About Enterprise Cayman 
Enterprise Cayman is a non-profit organisation (NPO) powered by Cayman Enterprise City in partnership with Cayman Islands’ special economic zone companies (SEZCos). The organisation, which applies the Theory of Change (TOC) methodology, provides Caymanians and residents with access to high-quality learning experiences and opportunities to develop and launch new business ventures, to pursue careers within the technology and innovation sectors, and to join a dynamic network of industry professionals. Let’s grow the next generation of Caymanian innovators and entrepreneurs with Enterprise Cayman!
Logo: https://mma.prnewswire.com/media/1317764/2860789/Cayman_Enterprise_City_Logo.jpg
FOR MORE INFORMATION:Contact: Kaitlyn Elphinstone  Email: [email protected]  

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Strava Unveils New Chapter of Accelerated Product Development at Brand’s Flagship Event

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The Company introduces increased product velocity, leveraging advancements in Artificial Intelligence, in service of its vision of a world connected through movement 
LOS ANGELES, May 16, 2024 /PRNewswire/ — Strava, the leading digital community for active people with more than 125 million athletes, today showcased its latest initiatives and product developments at its annual event, Camp Strava. With the theme of Progress, Together company leaders announced how the platform will empower its global community to make progress in the way they explore, move, and connect on Strava.

“Strava is gaining momentum to realize our vision of a world connected through movement,” said Michael Martin, chief executive officer of Strava. “We are focused on two fundamental shifts to accelerate how we deliver value to 125 million people globally– building for women and leveraging Artificial Intelligence – which will unlock new community-and-partner-powered experiences across the platform.”
A New Era of Product VelocityStrava, with new leaders at the helm, is ushering in its next era of product velocity. The company listened closely to feedback from its global community and announced three of the most requested features coming to the platform by the end of the year.
The first of these updates, AI-enabled Leaderboard Integrity, will harness machine learning to automatically flag irregular, improbable, or impossible activities recorded to the platform. Trained by millions of activities, this feature allows all users on Strava to play fair and have more fun.
Additionally, the company announced a new Family Plan Subscription, the sister of the company’s Student Plan. With Family Plan, it’s easier to make a fitness commitment with your community by sharing an annual subscription with up to three other people – friends, family, or fitness family. Launching in select countries this summer, with plans to roll out globally by the end of the year, Strava’s newest annual subscription option offers the best value for groups (up to four), with a discount off the regular subscription price for each member.
Strava also implemented an updated design system, an initiative that is integral in driving a heightened pace of product innovation at the company. Through this work, Strava announced the launch of one of the company’s most requested features, Dark mode. Dark mode will improve the in-app experience for all users, reducing eye strain and improving accessibility while they record activity or scroll through the feed. Athletes can expect a rollout later this summer with options to keep their mobile settings always dark, always light, or match their device settings.
Company leaders highlighted several other features and updates to current products like Flyover, with its next iteration offering an overlay with activity stats and off-platform sharing capabilities. The overlay is available today for Strava subscribers and an off-platform sharing option will be released later this year.
Build for Her, Build for ManyStudies show that women of all ages participate in sports at a far lower rate than men, and overall, despite wanting to be active, find less time to dedicate to an active lifestyle. As the company continues on its mission to motivate people to live their best active lives, building for women on the platform will ultimately serve everyone in the Strava community. Several new features and initiatives were announced as a part of this strategic focus, which includes:
Night Heatmaps: Night Heatmaps show only activities between sundown and sunrise – so athletes can get an idea of which roads, trails, and paths are well-trafficked after hours. Since Night Heatmaps filter for after-hours routes, it can be a helpful tool for female athletes training before sunrise and after sunset.Quick Edit: For active women, having control over what is shared with the Strava community that cheers them on – like what time a run is logged – is important. Quick Edit makes it easier to make the most common edits – like activity name, and privacy settings so you can hide your start time, your map, or other workout stats.Strive for More®: The company announced a new phase of its Strive for More® initiative, created in 2022 to promote and support women in movement and sport. Today, Strava unveiled an official partnership with media company TOGETHXR to encourage more women to watch – and play – women’s sports. As part of the partnership, Strava will also donate $100,000 to the Alex Morgan Foundation, started by co-founder of TOGETHXR, Alex Morgan, to support their mission to help girls and women find confident paths forward in sports and life.Athlete IntelligenceToday, Strava announced the start of an accelerated product roadmap, outlining how Strava will implement the latest technological enhancements in AI and machine learning, to transform the athlete experience.
One key advancement to the platform includes the company’s latest development, Athlete Intelligence. Strava is introducing its beta AI-powered feature which turns each subscriber’s training data into an easily digestible summary that contextualizes their accomplishments and fitness goals. Unlike other AI-powered training services, Strava connects with thousands of devices, wearables, and fitness apps, so an athlete’s insights can consider their entire fitness story across multiple sports and modalities.
The features shared at Camp Strava will be released on a rolling basis through the end of the year. To view the full list of product releases and further details, visit www.press.strava.com.
For more information on Strava, to create a free account, or to start a free subscription trial visit www.strava.com.
About Strava Strava is the leading digital community for active people with more than 125 million athletes, in more than 190 countries. The platform offers a holistic view of your active lifestyle, no matter where you live, which sport you love and/or what device you use. Everyone belongs on Strava when they are pursuing an active life. Join the community, find motivation and discover new experiences with a Strava subscription. 
Visit www.strava.com for more information and connect with Strava on Instagram, Twitter, Facebook, YouTube and LinkedIn.
Media Contact: [email protected]
 
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