Project Report For Pomegranate Farming

Introduction

Project report for Pomegranate Farming is as follows.

Pomegranate is often regarded as a “Super-food” due to its high nutritional value. Its demand is increasing globally, as a result of the high pricing, there is a lot of interest in cultivating pomegranates and a lot of rivalry in the market. The producing countries are said to have increased land, but a lack of supply on the market has resulted in high pricing.

Currently, the Asia Pacific market dominates the worldwide market in terms of revenue, and this dominance is likely to continue during the projection period.

As Asia is a traditional pomegranate consumer, and pomegranate output is increasing in emerging nations such as India, Iran, and China, Suppliers from these nations are projected to boost the pomegranate market in the area by exporting their product to North America and Europe.

As a result, increased demand for healthier and exotic fruits may help to boost profitability for developing-country exporters.

Market potential & Strategy

The global pomegranate and pomegranate arils market was valued at USD 9.2 billion in 2020 and is expected to rise at a 20.0 percent CAGR to USD 25.14 billion by 2027. Growing demand for pomegranate products such as pomegranate powder, pomegranate juice, and pomegranate seeds

Functional drinks and other pomegranate-derived products is expected to fuel global pomegranate market growth over the forecast period. Growing consumption and demand for processed pomegranate goods throughout the world, particularly juice and cosmetics, is a significant industry trend that is predicted to gain pace, boosting revenue growth in the worldwide market.

Governments of numerous nations are increasing their efforts and investments, such as offering subsidies. and training for farmers and exporters is a aspect that is likely to offer possibilities for the target market’s players.

Furthermore, there is a growing emphasis on strategies to minimise the cost of the end product, as the cost of pomegranate and related items is greater in North America and Europe. This, in turn, is projected to open up the lucrative potential for participants in the North American and European markets. Adoption of automation for growing and harvesting, for example, can assist manufacturers in enhancing overall operations and reducing personnel and related expenses. The pomegranate powder industry is expected to account for the bulk of revenue and to maintain its dominance during the forecast period.

The market for pomegranate powder is expected to develop at a CAGR of more than 4.8 percent. In the near future, the pomegranate juice concentrate category will account for the second greatest revenue share. Pomegranate juice concentrate is used in cooking as a concentrated syrup as well as fresh juice.

Sample Report

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