Dragon Fruit Powder Market Prediction 20.03 Billion by 2032, CAGR 4.6%

Dragon Fruit Powder Market Size Worth $20.03 Billion By 2032 | CAGR: 4.6%


The global dragon fruit powder market size is expected to reach USD 20.03 billion by 2032, according to a new study by Polaris Market Research. The report “Dragon Fruit Powder Market Share, Size, Trends, Industry Analysis Report, By Source Type (Hylocereus guatemalensis, Hylocereus Polyrhizus, Others); By Application; By Distribution Channel; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Dragon fruit is fibre-rich and helps to control blood sugar levels, preventing rapid increases that can be troublesome for those with diabetes. Consuming this fruit regularly can help patients with diabetes maintain a healthy blood sugar balance and lower their chance of developing new medical issues. A study published in MDPI in 2023 focused on the impact of adding dragon fruit peel powder to cookie dough. Results of the study witnessed an increase in the levels of antioxidant properties and reduced harmful substances like malondialdehyde in cookies. Ongoing research activities are revealing the importance of dragon fruit byproducts. This study signifies the importance of dragon fruit peel powder in improving the nutritional value of cookies without replacing taste or flavor. Growing research activities in applications of dragon fruit powder are fueling its demand in the coming years.

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Growing research and development activities on dragon fruit powder are enhancing the global market with the latest technology of fruit conversion to powdered form. A recent study published in IOP Science focused on determining the possibility of making fruit powder using the red-fleshed dragon fruit's peel and pulp in combination with the spray drying technique. Results of the study noted the presence of a 15% maltodextrin concentration and a high betacyanin retention rate of 98.75% in the dragon fruit powder.

This study demonstrates the need for further research activities in building effective dragon fruit powder with higher nutritional content. Furthermore, COVID-19 fuelled the demand for higher nutritional fruits with a view to increasing immunity levels among the population. But the lockdown restricted people's access to the fruit and vegetable market. This gave consumers the opportunity to buy dragon fruit powder due to its ability to store for a longer duration compared to fresh fruits.

Dragon Fruit Powder Market Report Highlights

  • Hylocereus polyrhizus segment is anticipated to witness the highest growth in the coming years due to its higher antioxidant properties.
  • Food & Beverages segment accounted for the largest market share owing to rising health and wellness trends.
  • Speciality Stores segment is projected to experience a larger revenue share due to the accumulation of various products at one place.
  • APAC is projected to register the largest growth rate in the study period owing to growing government initiatives to promote dragon fruit production.
  • The global players include BR Ingredients, Dragon Fruit Bites, Dragon Fruit Powder, Dragon Herbs, Navitas Organics & Nutra Organics.

Polaris Market Research has segmented the dragon fruit powder market report based on source type, application, distribution channel and region:

Dragon Fruit Powder, Source Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Hylocereus Guatemalensis
  • Hylocereus Polyrhizus
  • Others

Dragon Fruit Powder, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Cosmetics
  • Pharmaceuticals
  • Food & Beverages
  • Others

Dragon Fruit Powder, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

  • Modern Trade
  • Speciality Stores
  • Others

Dragon Fruit Powder, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

Dragon Fruit Powder Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 13.41 billion

Revenue forecast in 2032

USD 20.03 billion

CAGR

4.6% from 2022 – 2030

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2032

Segments covered

By Source Type, By Application, By Distribution Channel, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Customization

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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