Fruit and Vegetable Ingredients Market is Expected to Increase around US$ XX Mn by 2025, Due to its Wide Uses in the Food and Beverages Industry for Various Purposes
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Precision Business Insights (PBI) in its report titled “Fruit and Vegetable Ingredients Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The fruit and vegetable ingredients market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increased demand for fruits and vegetables will create a demand for fruit and vegetable ingredients market. Growing demand for processed foods is the major factor influencing the growth of the market.
Fruit and vegetable ingredients market segmented on the basis of application, type and ingredients.
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Concentrates Segment Expected to Dominate the Market
Based on ingredient type the fruit and vegetable ingredient market is segmented into purees and pastes, not from concentrate (NFC) juices, concentrates, powders and pieces. The concentrates dominated the fruit and vegetable ingredients market owing to the larger demand from the fruit juice industry and other prepared food products. The second-largest type for fruit and vegetable ingredients is pieces & powders. The use of fruit & vegetable ingredients in pieces & powders form in various processed food products has increased globally.
Beverages Will Dominate the Revenue Share.
Based on application, fruit and vegetable ingredients is segmented into beverages, dairy products, bakery products, and confectionary products. The beverages accounted for the largest market share, followed by confectionery products, R.T.E. products, bakery products, soups & sauces, and dairy products. The demand for snacks & convenience food is expected to rise due to changing dietary patterns of consumers due to the changing consumer lifestyle.
North America, Accounts for Major Revenue Share for Fruit and Vegetable Ingredients Market
Precision Business Insights (PBI), fruit and vegetable ingredients market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America accounted for major revenue share due to increased demand for processed food and growing awareness about the healthy consumption of food and beverages. Asia Pacific market expected to project lucrative growth opportunity owing to change in lifestyle towards the consumption of processed food, bakery, and beverages especially in China and India. Latin America also expected to be a notable region for the fruit and vegetables ingredients market owing to increase in consumption of processed dairy and ready to eat food products.
Launch of Innovative Product and Acquisitions Play Vital Role in Fruit and Vegetable Ingredients Market
Launching of the innovative product play an important role in the development of the market. For instance, in August 2017, Bösch Boden Spies GmbH & Co. KG launched innovative plum ingredients for sauces. In May 2016, Diana Food acquired Nutra Canada, company specialized in the manufacture of small fruit and vegetable extracts to strengthen its position in fruit and vegetable extracts.
Key players in the market include Kerry Group plc. (Ireland), Archer Daniels Midland Company (U.S.), Bösch Boden Spies GmbH & Co. KG (Germany), AGRANA Group (Austria), SunOpta, Inc. (Canada), DohlerGroup (Germany), and DIANA S.A.S. (France), SVZ International B.V. (The Netherlands), Symrise AG (Germany), Olam International Limited (Singapore), Sensient Technologies Corporation (US), and SensoryEffects Ingredient Solutions (U.S.) among others.
Detailed Segmentation
By Product Type
o Fruits
o Vegetables
By Ingredient
o Purees and Pastes
o Not From Concentrate (NFC) Juices
o Concentrates
o Powders and Pieces
By Application
o Beverages
o Confectionary products
o Dairy Products
o Bakery Products
o Others
Geography
o North America
U.S.
Canada
o Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
o Asia-Pacific
China
Japan
India
ASEAN
Rest of Asia Pacific
o Latin America
Brazil
Mexico
Argentina
Chile
Rest of Latin America
o Middle East and Africa
South Africa
Saudi Arabia
Rest of MEA
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