The Latin America Fruit and Vegetable Ingredients Market was worth USD 19.5 billion in 2016 and estimated to be growing at a CAGR of 5.1%, to reach USD 25.01 billion by 2021.
Fruits and Vegetables are essential constituents of a solid eating routine, and their regular consumption could help counteract ailments, for example, cardiovascular sicknesses and certain malignancies.
Around 1.7 million deaths over the world have occurred because of low consumption of Fruits and vegetables.
Vegetables and organic products contain different minerals and vitamins which are useful for wellbeing.
They include vitamin A, C and E, Zinc, phosphorus, magnesium and folic acid, which are helpful for replenishment of the body.
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The increasing wellbeing and health mindfulness among customers, and increasing pay levels have reinforced the viability of vegetables and organic product fixings as colouring agents and flavour enhancers. Other than this, the increasing dispensable cash flow of the Latin American white collar class populace in developing nations is encouraging the market.
With reference to the benefits given by Fruit and vegetable based ingredients, the government is empowering the Fruit and vegetable ingredients industry which will boost the Latin America market. The seasonal variations in the supply of raw materials are restraining the growth of the fruit & vegetable ingredients market.
The Latin America Fruit and Vegetable Ingredients market is segmented on the basis of category which includes Fruits and Vegetables, by the type of ingredients the Latin America fruits and vegetable ingredients market is segregated into concentrates, pastes and purees, not from concentrates (NFC), and pieces and powders. On the basis of applications, the Latin America fruit and vegetable ingredients industry can be segmented into confectionary products, beverages, and bakery products, ready to eat products, sauces and soups, dairy products, and others which include spreads, dips, toppings, dressings and puddings.
Key points from TOC:
- Research Methodology
- Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
- Market Segmentation
- Strategic Analysis
- Market Leaders' Analysis
- Competitive Landscape
- Market Outlook and Investment Opportunities
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Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. The huge rise in spending in the Fruit and vegetable ingredients market has increased the demand in the market.
Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia. The availability of large customer base with rising disposable incomes is set to drive the market in the foreseeable future.
Scope of the report:
- Global, regional and country-level analysisand forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysisin terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC)in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysisfor analysing the level of competition and business strategy development
- A comprehensive list of key market playersalong with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysislisting out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunitiesto provide both individuals and organizations a strong financial foothold in the market
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The main players operating in the Latin America 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 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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