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Dragon Fruit Powder Market Size

Report ID: GMI11944
Published Date: Oct 2024
Report Format: PDF

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Dragon Fruit Powder Market Size

The global dragon fruit powder market size was valued at USD 12.7 billion in 2023 and is projected to expand to over 16.1% CAGR from 2024 to 2032. Dragon fruit powder, derived from dried and finely ground dragon fruit (pitaya), is gaining traction in global markets due to its nutritional profile and versatility.

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According to the Food and Agriculture Organization of the United Nations (FAO), global production of dragon fruit increased from 937,000 tonnes in 2010 to 1.3 million tonnes in 2019, indicating growing demand for fruit and its derivatives. The United States Department of Agriculture (USDA) reports that dragon fruit powder is rich in antioxidants, vitamin C (2.5mg per 100g), and magnesium (40mg per 100g). Its applications span various industries, including food and beverages, cosmetics, and nutraceuticals.

Dragon Fruit Powder Market Report Attributes
Report Attribute	Details
Base Year:	2023
Dragon Fruit Powder Market Size in 2023:	USD 12.7 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	16.1%
2024 – 2032 Value Projection:	USD 48.8 Billion
Historical Data for:	2021-2023
No. of Pages:	235
Tables, Charts & Figures:	165
Segments covered:	Source, form, application, distribution channel
Growth Drivers:	Increasing awareness of health and wellness Rising popularity of superfoods Versatile applications in various products Increasing use in cosmetics and skincare products
Pitfalls & Challenges:	High production costs Fluctuations in supply due to seasonal variations

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The U.S. Food and Drug Administration (FDA) recognizes dragon fruit powder as a color additive exempt from certification, further supporting its use in food products. As consumer interest in plant-based, nutrient-dense ingredients continues to rise, dragon fruit powder is positioned for growth in health, wellness, and beauty sectors, aligning with global trends towards functional foods and natural ingredients.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of dragon fruit powder reached USD 12.7 billion in 2023 and is set to grow at a 16.1% CAGR from 2024 to 2032, driven by its nutritional profile and versatility.

The red dragon fruit powder segment held over USD 6.8 billion in 2023 and is projected to expand at a CAGR of over 15.7% during the forecast period, due to its higher antioxidant content and use as a natural colorant.

The food & beverages segment is anticipated to experience a CAGR of around 15.8% from 2024 to 2032, led by the demand for nutritious, plant-based ingredients.

The U.S. market was valued at approximately USD 3.4 billion in 2023 and is expected to grow at a 15.1% CAGR through 2032, propelled by increasing consumer interest in superfoods and health-conscious diets.

Major players in the industry include BR Ingredients, Hybrid Herbs, Light Cellar, Pitaya Plus, Rawnice, Sol Organica, Unicorn Superfoods, and Wilderness Poets.