Plum Extract Market Report – Actionable Insights and Recommendation by

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Plum is a fruit which belongs to the genus-Prunus and can be clustered along with other fruits such as peaches, cherries, and apricots in the rose family. The prime characteristics which differentiate all these fruits into different subgenera are the orientation of shoots, leaves, and flowers. The taxonomists have approximated the number of existing species of plum to be between 19 and 40. From this diversity, only two species, namely the European plum (Prunus domestica) and the Japanese plum or Japanese apricot (Prunus mume) are of worldwide commercial significance and have gained major popularity amongst people. Prior to when plums started to be consumed as a fruit, they were used for medicinal purposes in ancient China. When it comes to making an extract or a concentrated juice out of plums, the dried Japanese plums which also goes by the name of Umeboshi or when translated into English: Japanese salted plums or pickled plums. The Umeboshi plums are made by the lactic fermentation process using Japanese plums, shiso leaves, and sea salt. Although on the backdrop of exceeding demand of the extract, the companies may or may not use artificial dyes or preservatives.

Segmentation:-

The plum extract has gained widespread popularity as a product itself amongst consumers as well as an ingredient among the manufacturers thereby making it a successful B2B and B2C product. The plum extract market can be segmented on the basis of application, form, product type and distribution channels. On the basis of application, the plum extract market can be segmented into culinary, nutraceuticals, foods & beverages, cosmetics as well as confectionary. On the basis of form, the plum extract market can be segmented into liquid, paste, powder as well as solid. On the basis of the product type, the plum extract market can be segmented into natural, organic as well as artificial. On the basis of distribution channels, the plum extract market can be segmented into online retailing, specialty stores, hypermarkets/supermarkets and convenience stores.

Global market drivers and trends:-

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The plum extract is a reservoir of natural minerals such as sodium, magnesium, iron, phosphorous and potassium owing to its support in dealing with a vast number of issues such as obesity, diabetes, Osteoporosis, constipation, Alcohol poisoning, age-related cognitive impairment, atherosclerosis, cancer, hypercholesterolemia, hyperlipidemia, weight loss, anemia, anxiety, influenza, muscular degeneration and others.

The plum extract market is gaining widespread recognition owing not only to its medicinal properties but also of its culinary application such as using the plum extract as dressings, dips, and marinades. The salty and sour properties of Umeboshi plum extract make it an excellent accompaniment to rice dishes. Furthermore, vinegar can also be made from the plum extract owing to the presence of a considerable amount of citric acid in it. The plum extract can also be added to jams, puddings and jellies. The plum extract is also visible to be employed in the preparation of alcoholic beverages. Moreover, the plum extract concentrate works deliciously well as a filling for candies and confectionery products.

Regional outlook: –

The leading countries in terms of the manufacture and export of plum extract are the ones belonging to Europe viz. Spain, France, Italy followed by the Asian countries like China, Korea, Japan, Hong Kong and others.  Significant production of the plum extract is noticeable in countries like Australia, Germany, United States of America as well as Netherlands.

Market Key players:-

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Some of the key players who are driving the plum extract market globally are Swanson Health Products, Hong SsangRi, HUZHOU N.B.C. BIOLOGICAL MATERIAL CO, LTD., MUSO co., Ltd., NATIVE EXTRACTS, MIKI Corporation and others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis

The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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