The market for fruit and vegetable ingredients is projected to reach USD 216.03 Billion by 2022, at a CAGR of 5.8% from 2017. The market is driven by factors such as increasing demand for snacks & convenience food and beverages due to changing consumer preferences.
The report "Fruit & 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) - Global Forecast to 2022", The market for fruit & vegetable ingredients is projected to reach USD 216.03 Billion by 2022, at a CAGR of 5.8% from 2017 to 2022.
Browse 91 market data Tables and 54 Figures spread through 179 Pages and in-depth TOC on "Fruit & 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) - Global Forecast to 2022"
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The increasing demand of fruit & vegetable ingredients in diverse industries including beverage, confectionery, R.T.E. products, bakery, and dairy, in particular; changing consumer lifestyles; evolving eating habits from traditional home-made breakfast to snacking meals; R&D & product innovations; increasing demand for natural ingredients due to increasing consumer awareness; and health benefits attached to such ingredients result in the growth of the fruit & vegetable ingredients market.
Beverages application of the fruit & vegetable ingredients market to grow at the highest CAGR during the forecast period
The beverages segment is expected to grow at the highest rate during the projected period. Increasing health consciousness among consumers has led to an increase in the demand for health and wellness products, which is expected to fuel the demand for natural ingredients such as fruits & vegetables owing to the multiple health benefits associated with them.
This trend toward healthier beverage choices by consumers has caused the dairy & beverage industries to include fruit & vegetable ingredients in their offerings. R&D in terms of product innovation & new product development and producers’ inclination toward profitability lead to significant growth in the beverages segment.
Concentrates: the most widely used type of fruit & vegetable ingredients
The concentrates segment dominated the fruit & vegetable ingredients market in 2015. The lower production costs along with the possibility of large-scale production; diverse application areas in the beverage, dairy, and confectionery industries; better functionality in terms of maintaining the quality of the product; providing prolonged shelf life; and reducing transportation and storage costs are driving the demand of concentrates in the fruit & vegetable ingredients market.
Asia-Pacific is projected to be the fastest-growing region in the fruit & vegetable ingredients market
The European region was the largest market for fruit & vegetable ingredients in 2015. The Asia-Pacific region is projected to be the fastest-growing market for fruit & vegetable ingredients during the forecast period.
The market here is driven by increasing urbanization, growing disposable income with increasing purchasing power, growing middle-class population, and advancements in food technology. China dominated the Asia-Pacific market for fruit & vegetable ingredients owing to the rapidly growing industrialization, increasing consumption of confectionery products, and investments in research and development.
This report studies marketing and development strategies, along with the product portfolio of leading companies such as Archer Daniels Midland Company (U.S.), Kerry Group plc (Ireland), AGRANA Group (Austria Olam International Limited (Singapore), Sensient Technologies Corporation (U.S.), DIANA Group S.A.S. (France), SensoryEffects Ingredient Solutions (U.S.), Dohler (Germany), SunOpta, Inc.
(Canada), and SVZ International B.V. (Netherlands).
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