雅虎香港財經 Papaya Market size is set to grow by 2,852.59 thousand tons from 2022 to 2027, The growing demand for papaya pulp to boost the market- Technavio
NEW YORK, May 29, 2023 /PRNewswire/ -- The global papaya market size is estimated to grow by 2,852.59 thousand tons from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 3.61%, during the forecast period. APAC is estimated to account for 46% of the global market during the forecast period. Domestic demand for papaya is strong in India because of its sizeable population, significant increase in per capita income, and growing interest in healthier foods. Recent gains in global papaya production are mainly the result of India's significant growth in harvested area and fruit yield. Furthermore, exports from APAC are made to countries in North America, such as the US, which imported 177,933 tons of papaya in 2020 and has the largest global share in papaya imports. Hence, such factors will increase the market growth in this region during the forecast period. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report
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Papaya Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on application (pharmaceutical and healthcare, cosmetics, and others), distribution channel (offline and online), and geography (APAC, Middle East and Africa, South America, North America, and Europe).
The market share growth by the pharmaceutical and healthcare segment will be significant for overall market growth during the forecast period. Papaya extract has been shown to be beneficial in treating health conditions like asthma, heart disease, and digestive disorders and also helps control glucose levels in the body. This usage is expected to increase during the forecast period. For example, Micro Labs Ltd., a Bangalore-based pharmaceutical company, has launched its product Caripill. It is made from papaya extracts and the product will help increase the platelet count in people with dengue. Hence, such factors will increase the segment's growth during the forecast period.
Insights on the market contribution of various segments including country and region wise, historic (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report
Papaya Market – Market Dynamics
Key factor driving market growth
Growing demand for papaya pulp is the major driving factor for the growth of the global papaya market. Papaya puree is a common ingredient among infant food products such as baby food, toddler food, and junior food. It supplies vital nutrients to the infants and aids in the development of their immune systems. The pulp is a common ingredient in baked goods and snacks including pizza, pastries, cookies, bread, cakes, and chocolates.
Papaya pulp is known to offer bakery and snacks product a sweet and tangy flavor. Moreover, ice creams and yogurt products such as frozen yogurt, sherbet, and sorbet use papaya pulp as an ingredient. Hence, such wide ranges of usage in different products drive the demand for the papaya market during the forecast period.
Leading trends influencing the market
Growing demand for organic fruits is one of the primary trends in the enterprise indoor global papaya market. A busy lifestyle drives consumers' demand for easy-to-handle and convenient foods. Pesticide-free and chemical-free fruits are also in demand.
As consumers tend to buy nutritious, high-quality organic fruits, several vendors are working to understand the growing need for nutritious foods and are developing new varieties of organic fruit. Thus, it becomes more and more popular around the world because it is produced without the use of substances, or genetic engineering. Hence, the rise in the demand for organic fruits will drive the growth of the global papaya market during the forecast period.
Major challenges hindering the market growth
High dependence on weather conditions is a major challenge hindering the growth of the global papaya market. Globally, climatic conditions are changing with severe droughts and floods in different parts of the world. Furthermore, weather conditions in the past few years have severely affected papaya production in India.
Indian papaya growers are incurring major crop and profit losses due to climatic changes. Resultantly, papaya harvests are getting wiped out entirely. Hence, the decrease in the production of papaya due to natural calamities, such as drought and floods, and adverse weather conditions can negatively impact the global papaya market during the forecast period.
Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!
What are the key data covered in this Papaya Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the papaya market between 2023 and 2027
Precise estimation of the size of the papaya market and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the papaya market across APAC, Middle East and Africa, South America, North America, and Europe
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of papaya market vendors
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Papaya Market Scope | |
Report Coverage | Details |
Base year | 2022 |
Historic period | 2017-2021 |
Forecast period | 2023-2027 |
Growth momentum & CAGR | Accelerate at a CAGR of 3.61% |
Market growth 2023-2027 | 2,852.59 thousand tons |
Market structure | Concentrated |
YoY growth 2022-2023 (%) | 3.01 |
Regional analysis | APAC, Middle East and Africa, South America, North America, and Europe |
Performing market contribution | APAC at 46% |
Key countries | Mexico, India, Indonesia, Dominican Republic, and Brazil, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea |
Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled | ABC Fruits, Brooks Tropicals LLC, Calavo Growers Inc., Galla Foods, Harvest Fresh Farms, Riverford Organic Farmers Ltd., RK Growers Srl, and Super Starr International |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Global papaya market 2017 - 2021
4.2 Application Segment Analysis 2017 - 2021
4.3 Distribution channel Segment Analysis 2017 - 2021
4.4 Geography Segment Analysis 2017 - 2021
4.5 Country Segment Analysis 2017 - 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Application
6.1 Market segments
6.2 Comparison by Application
6.3 Pharmaceutical and healthcare - Market size and forecast 2022-2027
6.4 Cosmetics - Market size and forecast 2022-2027
6.5 Others - Market size and forecast 2022-2027
6.6 Market opportunity by Application
7 Market Segmentation by Distribution Channel
7.1 Market segments
7.2 Comparison by Distribution Channel
7.3 Offline - Market size and forecast 2022-2027
7.4 Online - Market size and forecast 2022-2027
7.5 Market opportunity by Distribution Channel
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
9.4 Middle East and Africa - Market size and forecast 2022-2027
9.5 South America - Market size and forecast 2022-2027
9.6 North America - Market size and forecast 2022-2027
9.7 Europe - Market size and forecast 2022-2027
9.8 India - Market size and forecast 2022-2027
9.9 Dominican Republic - Market size and forecast 2022-2027
9.10 Brazil - Market size and forecast 2022-2027
9.11 Mexico - Market size and forecast 2022-2027
9.12 Indonesia - Market size and forecast 2022-2027
9.13 Market opportunity by geography
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 ABC Fruits
12.4 Brooks Tropicals LLC
12.5 Calavo Growers Inc.
12.6 Galla Foods
12.7 Harvest Fresh Farms
12.8 Riverford Organic Farmers Ltd.
12.9 RK Growers Srl
12.10 Super Starr International
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations
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