Fruit & Vegetable Ingredients Market Share, Size, Trends, Industry Analysis Report By Type (Concentrates, NFC Juices, Pastes & Purees, Pieces & Powders); By Nature; By Application; By Region; Segment Forecast, 2022 - 2030
- Published Date:Jun-2022
- Pages: 115
- Format: PDF
- Report ID: PM2487
- Base Year: 2021
- Historical Data: 2018-2020
Report Outlook
The global fruit & vegetable ingredients market was valued at USD 208.32 billion in 2021 and is expected to grow at a CAGR of 5.1% during the forecast period. The fruit & vegetable ingredients are widely incorporated in various food products such as confectionery, bakeries, and dairy for manufacturing pastries, cakes, & chocolates. The changing preferences of the consumers towards healthy & minimally processed food is nudging the manufacturers to produce fruit and vegetable ingredients infused products.
Know more about this report: Request for sample pages
Fruits & vegetables are organic food products essential for enhancing human health. The growing awareness of the health benefits is attributed to the increased consumption of the fruits and vegetable market over the forecast period. The growing demand for convenience food incorporated with a plethora of fruit and vegetables has led to consumers' growing inclination towards healthy eating habits.
Fruit and vegetable ingredients are manufactured worldwide by using processes that help preserve the raw materials. Fruits and vegetables are the essential parts of a human daily natural diet. They are widely used in the F&B market for various purposes as flavoring and coloring agents. The rapid development of packaged and processed food market is anticipated to spur the demand for natural additives and eventually drive the growth of the global fruit & vegetable ingredients market over the forecast period.
The fruit and vegetable ingredient market was impacted due to the outbreak of the COVID?19 pandemic. The consumption of processed food stayed stable compared to the lockdown time; therefore, it didn't affect the sales during the pandemic. The consumption among the population has increased during COVID-19 owing to the health benefits. The growing adoption will further fuel the industry growth over the forecast period.
The fruit constituents can be easily incorporated into various products, such as salads, juices, and shakes, allowing them to be used widely in many applications. These ingredients are readily available with favorable taste in the form of dry powder, transportation, and easy packaging to the required locations. With the increase in the inclination of consumers toward a health-conscious diet, there is a greater demand for different fruit & vegetable ingredient markets over the forecast period.
The fruit elements are cost-effective, which is another reason for this segment's growth, especially in developing economies. Many different types of components are used in producing energy drinks, juice, and other beverages. Apple, banana, kiwi, mango, strawberries, and pineapple are other ingredients used in the beverages industry. The growing demand for ingredients across beverage industries is expected to propel market growth over the forecast period.
Know more about this report: Request for sample pages
Industry Dynamics
Growth Drivers
The global fruit & vegetable ingredients market is witnessing significant growth due to the growing awareness about natural ingredients and their cost-effectiveness, along with the products' enhanced functionalities compared to native ingredients. The fruit & vegetable ingredients market is competitive and diversified, with players offering several products.
The governments of most developed and developing economies are promoting health activities and taking new initiatives, which result in the growing demand for vegetable ingredients. Furthermore, the growing demand for food preservatives and the increasing popularity of convenience foods boost the demand. Moreover, the rapidly increasing processed food & easy availability of food products in various types and forms, such as concentrates, purees, powders, and paste, serve as a foremost driver for growing the demand for fruit and vegetable ingredients.
Report Segmentation
The market is primarily segmented based on type, nature, application, and region.
|
By Type |
By Nature |
By Application |
By Region |
|
|
|
|
Know more about this report: Request for sample pages
The concentrates segment accounted for a major share
The concentrates segment holds the largest market share of the fruit and vegetable ingredients market due to the growing demand from the juice industry and other prepared food products. The NFC juices, developed by mechanically processing fresh fruits, are also gaining popularity owing to their ease of processing.
The organic segment is expected to grow significantly during the forecast period
The organic fruit & vegetable ingredients market is expected to exhibit significant growth throughout the projected period. The rising demand for organic foods & beverages from established economies is boosting the global fruit & vegetable ingredients market.
The growing expansion of the packaged and processed food industry is expected to accelerate the demands for natural food additives, eventually driving the sales of fruit & vegetable ingredients market. Using natural vegetable purees in bakeries, dairy, and beverages aids the market's growth in various applications. Fruit purees and bases are used in numerous recipes, such as refrigerated smoothies, juice products, and signature cocktail mixers. The growing disposable income or shift to organic products is expected to drive the growth of the fruit and vegetable ingredients market over the forecast period.
The demand in Latin America is expected to witness significant growth
The growing innovations, rising health concerns, and people's busy lifestyles are the main drivers expected to drive the growth of the fruit & vegetable ingredients market in Latin America. The rapid expansion of modern retail outlets providing easy access to healthy and natural food & beverage products, along with growing disposable income levels of consumers, rapid urbanization, and busier urban household, will surge the demand for food & beverage products across South America.
Consumers are seeking healthy & natural foods for improved health and enhanced immunity. There is a growing awareness regarding the benefits of consuming these vegetable ingredients in this region. The increasing awareness regarding the nutritive value of these food items is driving the market growth in this region.
Competitive Insight
Some of the major players operating in the global market include ADM, AGRANA Beteiligungs-AG, Archer Daniels Midland Company, Balchem ingredient solutions, Cargil, Diana Group, Döhler GmbH, Ingredion, Incorporated, Kerry Group plc, Olam International Limited, Sensient Technologies Corporation, SunOpta Inc, Symrise, Tate & Lyle, and SVZ International BV. These players are expanding their presence across various geographies and entering new markets in developing regions to expand their customer base and strengthen their presence in the market. The companies are also introducing new innovative products to cater to the growing consumer demands.
Recent Developments
In January 2020, Archer Daniels Midland Company announced the acquisition of Brazilian plant-based ingredients and extracts manufacturer Yerbalatina Phytoactives. The acquisition is anticipated to expand Archer Daniels Midland business in Brazil.
In November 2019, a Dutch producer of vegetable ingredients, SVZ International B.V., launched sour cherry chunky purees and strawberries. The purees contain customizable chunks and the ingredients used by ice cream and dessert manufacturers to produce clean-label products.
Fruit & Vegetable Ingredients Market Report Scope
|
Report Attributes |
Details |
|
Market size value in 2021 |
USD 208.32 billion |
|
Revenue forecast in 2030 |
USD 324.99 billion |
|
CAGR |
5.1% from 2022 - 2030 |
|
Base year |
2021 |
|
Historical data |
2018 - 2020 |
|
Forecast period |
2022 - 2030 |
|
Quantitative units |
Revenue in USD billion and CAGR from 2022 to 2030 |
|
Segments covered |
By Type, By Nature, By Application, By Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
|
Key companies |
ADM, AGRANA Beteiligungs-AG, Archer Daniels Midland Company, Balchem ingredient solutions, Cargil, Diana Group, Döhler GmbH, Ingredion, Incorporated, Kerry Group plc, Olam International Limited, Sensient Technologies Corporation, SunOpta Inc, Symrise, Tate & Lyle, and SVZ International BV. |
© 2024 Polaris Market Research and Consulting. All rights reserved
