Meticulous Research®—a leading
global market research company, published a 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’
According to this latest publication from
Meticulous Research®, the global fruit and vegetable ingredients
market is projected to reach $294.5 billion by 2030, at a CAGR of 5.5% from
2023 to 2030. The growth of the fruit and vegetable ingredients market is
mainly attributed to 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. Furthermore,
growing demand for functional food products and emerging economies are expected
to create market growth opportunities. However, fluctuating raw material prices
and problems associated with storage and material handling hinder the growth of
this market to some extent.
The fruit and vegetable ingredients market is
segmented by category (fruit ingredients and vegetable ingredients), type
(concentrates, pieces & powders, NFC juices, paste & purees, and other
types), nature (organic and conventional), application (beverages, bakery &
confectionery products, dairy products, soups & sauces and savory &
prepared food products, and other products), and geography (North America,
Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The
study also evaluates industry competitors and analyzes the market at regional
and country levels.
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Among all the categories studied
in this report, the
fruit ingredients segment is expected to account for the largest share of the
global fruit and vegetable ingredients market in 2023. The large market share
of this segment is attributed to factors such as the ease and widened adoption
in various applications, low cost, and easy availability in various forms.
Among all the types studied in
this report, the
concentrates segment is expected to dominate the global fruit and vegetable
ingredients market. The dominant position of this segment is mainly attributed
to high adaptability in beverages and other applications offering a favorable
taste, flavor, improved quality, and convenience. Also, minimized costs and
limited logistical hassles support the growth of this segment.
Among all the natures studied in
this report, 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 and
healthier as they are free from any chemicals and pesticides, which further
supports the growth of this segment.
Among all the applications
studied in this report, the
beverages segment is expected to dominate 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,
new product development & 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.
Among all the regions studied in
this report, in
2023, Europe is expected to account for the largest share of the fruit and
vegetable ingredients market. The large market share of this region is
attributed to factors like rising consumer demand for healthier and natural
products, growing consumption of ready-to-eat food and beverage products with
high nutritional value, and growing health and wellness concerns. Also, product
launches with free-from, organic, and clean-label claims further augment the
growth of this region.
Key Players
The global fruit and vegetable ingredients
market is characterized by a moderately competitive scenario due to many large
and small-sized global, regional, and local players. The key players operating
in the global fruit and vegetable 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), Döhler GmbH
(Germany), Ingredion Incorporated (U.S.), SunOpta (U.S.), SVZ International BV
(Netherlands), and KangMed, Inc. (China).
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Key Questions Answered in the
Report-
· What is the current value of
revenue generated by the global fruit and vegetable ingredients market?
· At what rate is the global fruit
and vegetable ingredients demand projected to grow for the next 5–7 years?
· What are the historical market
sizes and growth rates of the global fruit and vegetable ingredients market?
· What are the major factors
impacting the growth of this market at the global and regional levels? What are
the major opportunities for existing players and new entrants in the market?
· Which segments in terms of
category, type, nature, and application category create major traction for the
manufacturers in this market?
· What are the key geographical
trends in this market? Which regions/countries are expected to offer
significant growth opportunities for the manufacturers operating in the fruit
and vegetable ingredients market?
· Who are the major players in the
global fruit and vegetable ingredients market? What are their specific product
offerings in this market?
· What are the recent strategic
developments in the global fruit and vegetable ingredients market? What are the
impacts of these strategic developments on the market?
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