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Global Fruit and Vegetable Ingredients Market By Category (Fruits And Vegetables), Type (Concentrates, Pastes & Purees, NFC Juices, And Pieces & Powders), Application (Beverages, Confectionery, RTE, Bakery, Soups & Sauces, Dairy Products) and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2022 – 2027)

Published: January, 2022
ID: 2532
Pages: 175
Formats: report pdf report excel report power bi report ppt

Fruit and Vegetable Ingredients Market Size, Growth (2022-2027)

The global Fruit and Vegetable Ingredients Market size was estimated at USD 173.26 billion in 2021 and it is determined to reach USD 269.75 billion by 2027 at a CAGR of 6% over the conjecture period. The growing need for fruit juice concentrate in the beverage industry is a major market driver.

Fruit and Vegetable Ingredients Market

Market Overview:

Fruits and vegetables are an essential part of your daily diet because you need to consume a variety of nutrients and vitamins to meet your body's energy needs. Fruit and vegetable ingredients are obtained primarily from a variety of fruits and vegetables and are used in other food and beverage applications. Fruit and vegetable ingredients are accessible in different sorts such as flakes, purees, concentrates, and more. These ingredients are suitable for use in food products such as dairy products, confectionery, bakery, and other food products. Additionally, ingredients such as puree and concentrates are widely used to make fruit juices and other types of beverages. Fruits and vegetables have some vitamins and minerals necessary for health. It is made up of zinc, vitamins A, C and E, phosphorus, folic acid and magnesium. If you eat enough fruits and vegetables, the probability of various diseases is reduced. The ingredients of fruits and vegetables are important components for the human body due to their remarkable economic value and high purity. Therefore, as the demand for fruits and vegetables increases, the market is expected to grow in the future.

Recent Developments in Fruit and Vegetable Ingredients Industry:

  • In July 2018, the Agrana Group acquired a 49% stake in ELAFRUITS, a producer of Algerian fruit preparations.
  • In October 2018, Döhler gained a greater part stake in Nutrafood's portfolio now complements Döhler's range in vegetable foods and beverages, the company currently offers a wide range of solutions, from smoothies to spoons.

Fruit and Vegetable Ingredients Market Growth

Food and beverage manufacturers increasingly use fruit and vegetable ingredients as consumer demand for natural and healthy products increases.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

6%

Segments Covered

By Category, Type, Application and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Sensient Technologies, Archer Daniels Midland, Agrana Group, Dohler Group, SunOpta, SVZ International, Olam International, Kerry, Diana S.A.S and Others.

Drivers:

The main factors contributing to the growth of the global fruit and vegetable market are increased consumption and lifestyle, R&D and product development, confectionery, RTE dairy products that increase the demand for fruits and vegetables in drinks and bakeries. Some other factors contributing to the growth of the market include changing eating habits, from traditional homemade breakfasts to snacks, increasing consumer awareness, increasing the need for natural ingredients, and the health benefits associated with them. The fruit and vegetable ingredient market is primarily driven by the increased use of natural ingredients in the food and beverage industry. As consumer demand for natural and healthy foods increases, the use of various fruit and vegetable ingredients in the food and beverage industry increases. Also, the increased adoption of a plant diet is also one of the significant growth aspects of the fruit and vegetable ingredient market. Consumers around the world are increasingly adopting plant foods in favour of the vegetarian trend. This has further increased the call for various fruit and vegetable ingredients among vegetable food manufacturers. As consumers' propensity for health awareness increases, new paths to fruit and vegetable ingredients also open up. Fruits and vegetables are rich in nutrients and have to do with providing consumers with a healthier lifestyle. Raising awareness of the health benefits associated with eating healthy foods is one of the key factors expected to drive growth in the global market.

As the processed food and beverage industry grows rapidly, demand for fruit and vegetable ingredients is increasing, driving growth in target markets. The global market is growing as the demand for healthy food increases along the way with the lifestyle of a busy workforce. Food availability is another factor in which various forms and types, such as powders, purees and pastes, concentrates, etc., are supposed to fuel the expansion of the worldwide market. Additionally, manufacturers are focusing on the launch of new organic and healthy fruit and vegetable-based products to increase sales and expand their respective product portfolios, further accelerating market growth during the outlook period. Increased market awareness of ingredients in products along with increased health awareness and the use of natural and organic foods are supposed to benefit the market for fruit and vegetable ingredients. Consumers are gradually avoiding the consumption of meat products and are moving closer to healthy fruits and vegetables that are expected to be the main growth factor in the market for fruit and vegetable ingredients. Fruit and vegetable ingredients are becoming essential ingredients for the food and beverage industry by providing better taste and health benefits, providing a favorable opportunity for manufacturers in the global market for fruit and vegetable ingredients. Fruit and vegetable ingredients are applicable to a variety of applications in the food industry and are also potentially used in the functional food industry. This provides profitable results for market participants in the global fruit and vegetable ingredient market.

Restraints:

Growth activity during fruit and vegetable processing has limited growth in the market for fruit and vegetable ingredients. The expansion in unjustifiable strategic approaches, for example, tainting, is relied upon to slow market development. Fruit and vegetable ingredient prices are very volatile and vary from region to region, but the market is expected to grow significantly.

Food and Vegetable Ingredients Market Segmentation Analysis:

By Category:

  • Fruits        
  • Vegetables            

By Type:

  • Concentrates        
  • Pastes & Purees  
  • Not From Concentrates (NFC) Juices          
  • Pieces & Powders

By Application:

  • Beverages              
  • Confectionery       
  • Ready to Eat (RTE)              
  • Bakery     
  • Soups & Sauces    
  • Dairy Products      

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

Europe is at the forefront of the global fruit and vegetable ingredients market by showing the highest value due to the region's highly developed food and beverage industry. On the other hand, after North America, followed by Europe, it has a significant value in the world market for fruit and vegetable ingredients, the main reason being the large manufacturers of fruit and vegetable ingredients in the region. However, East Asia and South Asia have the highest growth rates in fruit and vegetable ingredients worldwide due to the presence of industries in both regions. The market for fruit and vegetable ingredients in the Asia-Pacific region is presumed to occupy a significant portion of sales in the target market, which can be attributed to the strong foundation of the global food manufacturing industry. Furthermore, the continuous change in consumer purchasing patterns and an increasing trend towards a healthy lifestyle are some of the factors that are expected to increase market growth in this locale.

Impact of Covid-19 on the Global Food and Vegetable Ingredients Market:

The Covid-19 pandemic has resulted in an adverse effect in almost all sectors across the globe. However, the condition is different for food and vegetable ingredients, as consumers are turning towards products other than meat because of increasing conscience to improve immunity and disease resistance in the body to combat the attack of coronavirus.

Key Players in the Market:

Major Key Players in the Global Fruit and Vegetable Ingredients Market are

  • Sensient Technologies                          
  • Archer Daniels Midland                         
  • Agrana Group                           
  • Dohler Group                           
  • SunOpta                     
  • SVZ International                    
  • Olam International                 
  • Kerry                            
  • Diana S.A.S                

 

 

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FAQ's

What is the study period of this market?

The Fruit and Vegetable Ingredients Market is studied from 2022-2027.

What is the growth rate of the Global Fruit and Vegetable Ingredients Market?

The Fruit and Vegetable Ingredients Market is predicted to register a CAGR of 6% during 2022-2027.

Name any three global Fruit and Vegetable Ingredients Market key players?

Cargill Incorporated (US), ADM (US), and Ingredion are some of the key market players in the global Fruit and Vegetable Ingredients Market.

What are the key drivers of the Fruit and Vegetable Ingredients Market in the world?

Increase demand for processed food and ready to eat food products are the major drivers of the Fruit and Vegetable Ingredients Market.

Which region holds the largest market share for the Fruit and Vegetable Ingredients Market?

The Europe region holds the largest market share for the Fruit and Vegetable Ingredients Market.

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