The Fruit And Vegetable Ingredients Market Is Predicted To Reach USD 216 Billion With A CAGR Of 5.9% According To Market Data Forecast Report.

The Fruit And Vegetable Ingredients Market Is Predicted To Reach USD 216 Billion With A CAGR Of 5.9% According To Market Data Forecast Report.

ID: 5917 | October 2018 | Region: Global

The Fruit and Vegetable Ingredients Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Fruit and Vegetable Ingredients Market is estimated to be USD 162.5 Billion in 2016 and predicted to rise to USD 216 Billion by 2021 with a CAGR of 5.9%. The market is segmented by Category (Fruits and Vegetables), Type (Concentrates, Pastes & Purees, NFC Juices, and Pieces & Powders), Application (Beverages, Confectionery, RTE, Bakery, Soups & Sauces, Dairy Products). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

Fruits and Vegetables are important components of a balanced diet. Regular consumption has been linked to counteract diseases like cardiovascular sickness, cancer and other malignancies. A high intake of vegetables and fruits decreases the danger of occurrence of these illnesses. The various necessary minerals and vitamins in organic products and vegetables include vitamin A, C and E, Zinc, phosphorus, magnesium and folic acid.

The increasing disposable cash flow of developing nations, the rapid development in processed fruit industry & refreshment industry with their expanding distribution channels are set to boost the market for the coming years. The increasing health consciousness among consumers coupled with increasing pay levels have reinforced the market. Administrative bodies empowering the fruits and vegetables industry will have a positive and lasting impact on the market. The major restraints of the market are the seasonal variations in the supply of raw materials and strict fruit safety regulations imposed by governments.

The fruit & vegetable ingredients market was dominated by the concentrates segment dominated the in 2016. By application, the beverages segment of the fruit & vegetable ingredients market showed the fastest growth. The increasing consumption of fruit and vegetable beverages because of rise in awareness about the positive impact of consuming fruit and vegetable products and increasing disposable income of consumers in emerging economies is expected to be the cause of this surge in the beverage segment.

North America holds the major chunk of market share globally in the Fruits and Vegetables Ingredients Market. Establishment of proper distribution channels and a health-conscious higher bracket consumer continue to be the major reasons for North America’s domination. Europe comes in second after North America. The market for these ingredients in Asia-Pacific area is increasing because of greater opportunities for confectionary and dairy businesses. The Asia-Pacific and other rising nations are foreseen to develop at a quick pace in fruits and vegetable ingredients in the following years when compared with the seasoned markets of developed regions.

To hold prevalence in the Global Fruits and Vegetables Ingredients industry, the leading players are seen to choosing to acquire new and untouched markets, gaining little and neighborhood players of the business and building up another client base for long haul customer affinity. This has not only permitted the real players in Global fruits and vegetable Ingredient industry to extend their geological nearness in the market but has also additionally reinforced their market position by gaining a major chunk of product ranges and revenue. The major players operative in the Global fruit and vegetable ingredient industry include Archer Daniels Midland (U.S.), Agrana Group (Austria), Dohler Group (Germany), Kerry (Ireland), SunOpta (Canada), and SVZ International (The Netherlands). Apart from this, the other key players dominating the global fruit and vegetable ingredients industry include Olam International (Singapore), Diana S.A.S (France), SensoryEffects Ingredient Solutions (U.S.), and Sensient Technologies (U.S.).

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