PUBLISHER: Meticulous Research | PRODUCT CODE: 1518391
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518391
Fruit and Vegetable Ingredients Market by Category (Fruit, Vegetable), Type (Pieces, Powders, Concentrates, Purees, Paste), Nature (Organic, Conventional), and Application (Beverages, Bakery, Dairy, Soups, Sauces, Savory)-Global Forecast to 2030.
According to the research report titled, 'Fruit and Vegetable Ingredients Market by Category (Fruit, Vegetable), Type (Pieces, Powders, Concentrates, Purees, Paste), Nature (Organic, Conventional), and Application (Beverages, Bakery, Dairy, Soups, Sauces, Savory)-Global Forecast to 2030,' the fruit and vegetable ingredients market is projected to reach $294.5 billion by 2030, at a CAGR of 5.5% during the forecast period 2023-2030. The report provides an in-depth analysis of the fruit and vegetables ingredients market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2030.
Following extensive secondary and primary research, and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of the fruit and vegetable ingredients market is driven by the growing demand for natural ingredients, the wide range of benefits of fruits & vegetable ingredients in the food & beverage industry, and the rising demand for RTE & RTD products. However, fluctuating raw material prices and problems associated with storage, and material handling may restrain market growth.
Moreover, growing demand for functional food products and emerging economies are expected to create market growth opportunities. On the other hand, significant trends in the market include clean-label products and a focus on healthy eating.
The key players operating in the fruit and vegetables ingredients market are Archer-Daniels-Midland Company (U.S.), Olam International Limited (Singapore), Cargill, Incorporated (U.S.), AGRANA Beteiligungs-AG (Austria), Hans Zipperle AG/S.p.A. (Italy), Dohler GmbH (Germany), Ingredion Incorporated (U.S.), SunOpta (U.S.), SVZ International BV (Netherlands), and KangMed, Inc. (China).
Based on category, the global fruit and vegetables ingredients market is segmented into fruit and vegetable ingredients. In 2023, the fruit ingredients segment is expected to dominate the global fruit and vegetables ingredients market. The large market share of this segment is attributed to factors such as the ease & wide adoption in various applications, low cost, and easy availability in various forms.
Based on type, the global fruit and vegetable ingredients market is segmented into concentrates, pieces & powders, NFC juices, paste & purees, and others. In 2023, the concentrates segment is expected to account for the largest share of the global fruit and vegetable ingredients market. The large share of this segment is mainly attributed to factors such as high adaptability in beverages and other applications offering a favorable taste, flavor, improved quality, and convenience. Also, minimized costs and logistical hassles support the growth of this segment.
Based on nature, the global fruit and vegetable ingredients market is segmented into organic and conventional. The organic segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to factors such as increasing demand for organic food and beverages, the growing trend of sustainable & natural food, and rising awareness about clean-label products. Additionally, organic ingredients are perceived to be safer & healthier as they are free from any chemicals and pesticides, which further supports the growth of this segment.
Based on application, the global fruit and vegetable ingredients market is segmented into beverages, bakery & confectionery products, dairy products, soups & sauces, savory & prepared food products, and other applications. In 2023, the beverages segment is expected to account for the largest share of the global fruit and vegetable ingredients market. The large share of this segment is mainly attributed to the growing awareness of health benefits related to natural flavors in beverages, increasing new product development, and launches of beverages, rising demand for organic beverages, and growing popularity of flavored soft drinks. Also, the growing demand for health and sports drinks with enhanced nutritional value is expected to support the growth of this segment.
An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle-East & Africa), and the coverage of major countries in each region. The Asia-Pacific region is slated to register the highest CAGR during the forecast period. The growth of this regional market is mainly attributed to factors such as rapid urbanization, growing demand for processed food products, increasing number of supermarkets & hypermarkets, rising awareness about the health benefits of nutritional products, and increasing demand for flavored diet drinks & beverages.
Key Questions Answered in the Report-
Fruit and Vegetable Ingredients Market Assessment-by Category
Fruit and Vegetable Ingredients Market Assessment-by Type
Fruit and Vegetable Ingredients Market Assessment-by Nature
Fruit and Vegetable Ingredients Market Assessment-by Application
Fruit and Vegetable Ingredients Market Assessment-by Geography
(Note: SWOT Analysis of the Top 5 Companies will be Provided)