Guanabana Market: Introduction

The latest market report published by Transparency Market Research on the guanabana market includes global industry analysis and opportunity assessment for 2019-2027. Revenue generated from the global guanabana market was estimated to be valued at ~US$ 150 Mn in 2019, which is projected to rise at a CAGR of ~11%, to reach US$ 350 Mn by 2027.

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Guanabana is considered as one of the minor crops but is gaining popularity due to its increasing economic uses. Guanabana is a nutritious fruit rich in calcium, phosphorous and ascorbic acid. Guanabana is in high demand in processing industry especially in producing beverages, flavoring ice cream, candies, jam, jelly and others.

guanabana market

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Rising Demand for Plant-based and Vegan Food Products

The growing concern and interest of people in ethics, health and sustainability has led to the rise of vegetarian lifestyle, vegan products, and plant-based diets. This has in turn fuelled the demand for vegan food products. The demand for these products will continue to grow through the forecast period. Plant-derived ingredients and products are in high demand on platforms such as plant derived fibers, plant proteins, herbs, non-alcoholic drinks, sweeteners, herbs, seasoning, and coloring foodstuffs. This vegan food trend will encourage the use of guanabana as ingredient in many food and beverages to the next extend.

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Manufacturers to Benefit from Catering to Numerous End-use Industries

Guanabana is a tropical fruit, which is consumed as a fresh pulp or fruit extract. It is commercially used to prepare juice, candy, tea, oil, sorbet and ice cream and dessert in the food and beverage industry. Additionally, it is used in pharmaceutical/ nutraceuticals, household/ retail and cosmetic & personal care industries. The increasing applications of guanabana in different industries create lucrative opportunities for manufacturers.

Guanabana Market, by Form

  • Whole/Raw
  • Processed

Guanabana Market, by End Use

  • Food Processing Industry
  • Nutraceuticals/Pharmaceuticals
  • Cosmetics & Personal Care
  • Household/Retail
  • Others

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