Market overview
Fruits and vegetables are necessary elements of a healthy diet and consist of many vitamins and minerals along with fats, carbohydrates, and proteins that are required for maintaining good health. Ingredients from fruits and vegetables are using in food items and beverages to impart aroma, flavour, texture, and colour to the products. Fruits and vegetable ingredients exist in the market with different forms, including pastes & purees, flakes, concentrates, and powders.
The global Fruit and Vegetable Ingredients Market valued at USD 196.23 Billion in 2019 and is estimated to rise at a CAGR of 4.5%, to reach USD 234.12 Billion by 2024.
Recent developments
Archer-Daniels-Midland and GLG collaborated to provide Monk Fruit Sweeteners and Low-Calorie Stevia to customers worldwide.
Market Drivers and Restrains
Rise in demand for natural ingredients due to rising consumer awareness as well as the accelerated requirement for convenience food, snacks, and beverage products will increase the development of the global fruits and vegetable ingredients market.
The rising demand for natural ingredients in food & beverage industries is increasing the development of the fruits and vegetable ingredients market, internationally.
However, rising instances of one-sided trade practices such as contamination are estimated to detain the market growth.
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Report is segmented as
By Ingredient Type
- Fruit
- Vegetable
By Application
- Beverages
- Confectionery Products
- RTE Products
- Bakery Products
- Soups & Sauces Products
- Dairy Products
Geographical Segmentation:
Based on geography, the world market is segregated into the regions of North America, Europe, Asia-Pacific and the Rest of the World. North America has the highest growth in global Fruit and Vegetable Ingredients Market.
Key market players:
- AGRANA
- Döhler
- Archer Daniels Midland
- Kerry
- Symrise
- Yaax international
- Olam
- DMH Ingredients
- Marshall Ingredients
- KB Ingredients
- Sensient Technologies
- SunOpta
- The Food Source International
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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