Fruit & Vegetable Ingredients Market by Category (Fruits and Vegetables), Nature (Organic, and Conventional), Type (Concentrates, Pastes and Purees, Powder, NFC Juices, and Others), Application (Bakery & Confectionery, Dairy & Frozen Desserts, Sweet & Savory Snacks, Beverages, and Others): Global Market Size Estimates and Forecast (2022
The market crossed US$ 220 billion mark in 2022 and is expected to hit US$ 330 billion by 2030, recording a CAGR of 5.0% during the forecast period.
Fruit & vegetable ingredients market has been significantly growing with demand for natural ingredients in food industry.
Growing popularity of convenience food, increasing demand for natural ingredients, rising demand for health promoting activities and government initiatives, and increased demand for sustainable products are some of the major factors driving the growth of the market. The organic segment is expected to pace up with increasing demand for organic food and beverages globally coupled with rising awareness about the health benefits of organic ingredients. Further, conventional segments are also expected to gain traction during the forecasted year.
Within the report, the market is segmented into category, nature, type, application, and geography. By category, the market is further segmented into fruits and vegetables. On the basis of nature, the market is bifurcated into organic and conventional. On the basis of type, the market is segmented into concentrates, pastes and purees, powder, NFC juices, and others. By application, the market is categorized into bakery & confectionery, dairy & frozen desserts, sweet & savory snacks, beverages, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Consumer inclination towards healthier alternatives has empowered the growth of futuristic innovations.
Fruits and vegetable ingredients are manufactured through the process of drying and dehydration such as freezing, fermentation, sun-drying, and others the raw materials. These fruit and vegetable ingredients impart flavors, colors, aroma and helps enhance the texture of different food and beverages products. consumer inclination towards minimally processed and healthy processed food has surged the demand for fruit and vegetable ingredients market. This has surged the key players in the market for development of new product launches to meet the growing demand for healthier products.
Rising adoption in various industries is one of the major factors accelerating the market growth.
The industries for fruits & vegetables ingredients are bakery & confectionery, dairy & frozen desserts, sweet & savory snacks, beverages, and other. Within these industries, beverages industry is one such industry, wherein the use of fruits & vegetables ingredients is increasing owing to rising demand for various beverages such as smoothies, juices, and others, increased demand for plant-based beverages, and rising demand for sport drinks by young population. The bakery & confectionery, dairy & frozen desserts, sweet & savory snacks industry has also witnessed an extensive use of fruits & vegetables ingredients in processed food and RTE products owing to changing diet patterns and evolving lifestyle.
Recent strategic developments in fruit & vegetable ingredient market
The fruit & vegetable ingredient market has undergone several significant developments, and a few of these have been mentioned below:
- In June 2021, Tate & Lyle, announced the partnership with AGRANA Fruit in Brazil. This is aimed to establish new manufacturing dynamics for Brazil fruit preparation segment, bringing more innovations to the sector.
- In January 2020, ADM acquired Yerbalatina Phytoactives, and ingredient manufacturer to expand its business in Brazil.
The fruit & vegetable ingredients market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. AGRANA Beteiligungs-AG, ADM, Tate & Lyle, Ingredion, and Döhler GmbH are among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Fruit & vegetable ingredient related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Application industry of fruit & vegetable ingredient industry
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Pastes and Purees
- NFC Juices
- Bakery & Confectionery
- Dairy & Frozen Desserts
- Sweet & Savory Snacks
- North America
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- AGRANA Beteiligungs-AG
- Tate & Lyle
- Döhler GmbH
- AGRANA Beteiligungs-AG
- Tate & Lyle
- D?hler GmbH