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Global Pomegranate Market Revenue Projected Around USD 11,240 Million By 2026

12-Feb-2020 | Facts and Factors

Facts and Factors has authored “Pomegranate Market Type (Pomegranate Juice Concentrate, Pomegranate Powder, and Arils) and By Application (Cosmetics Industry, Food Industry, and Pharmaceutical Industry): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026”. Based on our analysis, the global pomegranate market in 2019 is approximately USD 6,200 Million and is anticipated to reach around USD 11,240 Million by 2026. The anticipated CAGR for the global pomegranate market is around 8% from 2020 to 2026.

Pomegranate is a tree, having a height of 5–8 meters. It bears fruits, which is reddish and thick, with a diameter of around 10 cm. The edible part contains arils inside the fruit or thousands of small seeds. The botanical name for pomegranate is PunicaGranatum. The fruit could be grown in warm to tropical temperate climates. However, the best-quality fruits are produced in regions with dry summer as well as cool winters.

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There are various health benefits that are offered by pomegranate, such as it is helpful in reducing the risk of heart-related disease. This is one of the factors for driving the target market growth. In addition, it can battle diabetes as well as prostate cancer, which has boosted the target market growth. Moreover, pomegranate is helpful in keeping one young. This has augmented the target market growth. It is widely used in the pharmaceutical and cosmetics industry for various beauty and medicine products. However, pomegranate is suspected to create gastric issues, which is anticipated to hamper the target market growth over the forecast period. Nevertheless, pomegranate could be employed as cancer preventative agents. This factor is expected to create lucrative growth opportunities over the forecast period.

On the basis of type, the target market is segmented as pomegranate juice concentrate, pomegranate powder, and arils. Among these categories, arils are anticipated to dominate the target market growth over the forecast period. Pomegranate Arils can be used in desserts, salads, and sorbets. Also, arils are used in meat sauces, soups, and poultry as well. In addition, arils are utilized to garnish, and for juice and in sauces.

On the basis of application, the target market is segmented as the cosmetics industry, food industry, and the pharmaceutical industry. Among these categories, pomegranate is utilized in the food industry in a large amount.

On the basis of region, the pomegranate is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, Asia Pacific is anticipated to dominate the target market growth over the forecast period. In countries such as India, pomegranate is cultivated throughout the year. India is one of the largest producers of pomegranate. Apart from this, factors such as the increasing number of manufacturers associated with rising production have propelled the global pomegranate market growth. Moreover, the low cost of products has boosted the target market growth in the Asia Pacific.

Some of the key players operating in the target market are Lakewood, Minute Maid, POM Wonderful, Ocean Spray, Jale, and Zolotoy Sad, OrumNarin Company, Sun Shahd, RW Knudsen Family, Tropicana, TTM Food, Arvee, and Others.

This report segments the Pomegranate market as follows:

Global Pomegranate Market: By Type Segment Analysis

  • Pomegranate Juice Concentrate
  • Pomegranate Powder
  • Arils

Global Pomegranate Market: By Application Segment Analysis

  • Cosmetics Industry
  • Food Industry
  • Pharmaceutical Industry

Global Pomegranate Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • The Middle-East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle-East Africa

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