Fruit and Vegetable Ingredients Market

Fruit and Vegetable Ingredients Market Size

[170+ Pages Research Reports] to surpass $359.6 billion by 2032 from $208.9 billion in 2021 at a CAGR of 5.1% throughout the forecast period 2022-32.

PRODUCT OVERVIEW

Fruits & vegetables are considered as a vital nutrients source to consumers. The added benefit of the natural health benefits provided by fruit and vegetable products is even more striking. Beyond their nutritional worth, these consumer-preferred, simple ingredients offer beverages, confections, frozen novelties, savory, dairy, texture, baked goods color, and sweetness, flavor. Important minerals, vitamins, fiber, and plant compounds can be found in fruits and vegetables. Fruits and vegetables are available in abundance, and there are several ways to cook, prepare, and serve them. A diet rich in fruits and vegetables can help shield one from diabetes, cancer, and heart disease. It is advised for optimal health to eat two kinds of fruit and five different types of veggies daily.

MARKET HIGHLIGHTS

The Fruit & Vegetable Ingredients Market is expected to project a notable CAGR of 5.1% in 2032.

Fruit & Vegetable Ingredients to surpass USD 359.6 billion by 2032 from USD 208.9 billion in 2021 at a CAGR of 5.1% in the coming years, i.e., 2022-32. Fruit and vegetable ingredients can be used in a variety of foods and beverages, which helps to increase the appeal of an individual’s culinary products. In the food and beverage sector, fruit and vegetable ingredients are widely employed. They can be found as puree, minute bits, concentrates, and various forms. Fruit & Vegetable Ingredients Market is progressing significantly due to the rising demand for natural ingredients in the food industry.

FIGURE - MARKET ANALYSIS OF FRUIT & VEGETABLE INGREDIENTS MARKET

FRUIT & VEGETABLE INGREDIENTS: SEGMENTS

The Fruit Ingredient segment is expected to grow with a higher CAGR during 2022-32

Fruit & Vegetable Ingredients Market is categorized on the basis of Type into Fruits Ingredient and Vegetable ingredient. During the forecast, the fruit ingredient segment is anticipated to hold the largest industry share. This can be linked to the minerals and vitamins these components supply. Also, the demand for fruit ingredients has increased due to rising health consciousness among consumers in both developed and developing countries.

The Concentrates segment is expected to grow with a higher CAGR during 2022-32

Fruit & Vegetable Ingredients Market is categorized on the basis of Form into Concentrates, NFC Juices, Pastes & Purees, and Pieces & Powders. Throughout the forecast period, the concentrates category segment is anticipated to propel market growth. Better lifestyle and increasing income of consumers have increased beverage consumption, which is one of the factors contributing to the segment's rise. There is an increasing need for concentrates for the manufacturing of beverages due to the growing demand for them in both developing and developed countries.

FIGURE - MARKET ANALYSIS OF GLOBAL FRUIT & VEGETABLE INGREDIENTS

MARKET DYNAMICS

Growth Drivers

The Growing Number of Health-Promoting Activities and Higher Demand for Natural Ingredients

The numerous health-promoting initiatives and government programs that promote demand for fruit and vegetable components are the main factors driving the growth of the Fruit & Vegetable Ingredients Market. The demand for natural components is the main driver of the demand for fruit and vegetable ingredients. In addition, during the projection period, the Fruit & Vegetable Ingredients Market will experience increased demand due to rising food preservative demand as well as the rising popularity of convenience foods.

Producers’ Focusing on Launch of New Organic Fruit & Vegetable-Based Products

The demand for Fruit & Vegetable Ingredients Market is rising due to the fast expanding processed food industry and the accessibility of food items in multiple types and forms, such as concentrates, powders, purees, and paste. Moreover, producers are focusing on releasing fresh, healthy items made with fruit and vegetables, which is boosting the demand for fruit & vegetable ingredients. In the projected period, the Fruit & Vegetable Ingredients Market will see new growth prospects due to customers' evolving preferences for healthier choices, shifting consumer lifestyles, and expanding markets.

Restraint

Several Regulations Associated with Composition and Labeling of Ingredients

There are numerous laws governing the Fruit & Vegetable Ingredients Market in various countries. The labeling and makeup of these components are subject to a number of laws and standards. The regulatory framework of this industry is a barrier to the development of this market owing to the approval of these substances may be a time-consuming process.

RECENT DEVELOPMENTS

• Yerbalatina Phytoactives, a Brazilian business, was purchased by Archer Daniels. In order to grow its operations in Brazil, Archer Daniels purchased the business in January 2020. The Brazilian business produces components and extracts derived from plants.
• In August 2021, Paradise Fruit Solutions introduced ready-to-order door granulates. There are eight different varieties of this product available.

FRUIT & VEGETABLE INGREDIENTS: KEY PLAYERS

• Cargill Incorporated

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

• Olam International
• Archer-Daniels-Midland Company
• Symrise AG
• Agrana Group
• Sensient Technologies Corporation
• Döhler
• SVZ Industrial Fruit & Vegetable Ingredients
• Hans Zipperle S.p.A.
• Univar Solutions Inc.
• FutureCeuticals
• Venkatesh Naturals
• Taura Natural Ingredients Ltd
• DMH Ingredients
• YAAX International Inc.
• Other Prominent Players

FRUIT & VEGETABLE INGREDIENTS: REGION

Fruit & Vegetable Ingredients Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia-Pacific dominates the market for fruit and vegetable ingredients, due to consumers' rising interest in leading healthy lifestyles, shifting purchasing habits, and the region's strong foundation in the global food and industrial industries. North America is predicted to grow significantly between 2021 and 2028, owing to the increased fruit consumption in this region.

IMPACT OF COVID-19 ON FRUIT & VEGETABLE INGREDIENTS MARKET

The food and beverage sector was significantly impacted by COVID-19. The Fruit & Vegetable Ingredients Market was impacted since the impact was also seen in the ingredients market. Due to trade restrictions in many regions and the restricted use of food ingredients for their various applications, the industry witnessed a considerable decline in 2020. Business is anticipated to progressively rebound in late 2021 and early 2022 with the relaxation of limitations.

FRUIT & VEGETABLE INGREDIENTS IS FURTHER SEGMENTED BY REGION INTO:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

FRUIT & VEGETABLE INGREDIENTS REPORT ALSO CONTAINS ANALYSIS ON:

Fruit & Vegetable Ingredients Segments:

• By Type
  • Fruits Ingredient
  • Vegetable Ingredient
• By From
  • Concentrates
  • NFC Juices
  • Pastes & Purees
  • Pieces & Powders
• By Application
  • Bakery Products
  • Dairy Products
  • RTE Products
  • Confectionery Products
  • Soups & Sauces
  • Beverages
  • Other Applications
• Fruit & Vegetable Ingredients Market Dynamics
• Fruit & Vegetable Ingredients Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

FRUIT & VEGETABLE INGREDIENTS MARKET REPORT SCOPE AND SEGMENTATION

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