“Fruit & vegetable ingredients market is projected to grow at a CAGR of 5.8% in terms of value”
The fruit & vegetable ingredients market has grown rapidly in the last few years and is projected to reach a value of USD 216.03 billion by 2022, at a CAGR of 5.8% from 2017 to 2022. The primary factor driving the fruit & vegetable ingredients market is the increasing demand of fruit & vegetable ingredients in diverse industries. Also, factors such as changing consumer lifestyles, R&D and innovations to strengthen the fruit & vegetable ingredients market, increasing demand for natural ingredients due to increasing consumer awareness, increasing demand for snacks & convenience food and beverage products due to changing consumer preferences, and health benefits of fruit & vegetable ingredients result in the growth of the fruit & vegetable ingredients market. Factors such as stringent food safety legislations and seasonal variations in the supply of raw materials are restraining the growth of the fruit & vegetable ingredients market.
“Beverages application dominated the fruit & vegetable ingredients market”
On the basis of application, the fruit & vegetable ingredients market is segmented into beverages, confectionery, RTE products, bakery, soups and sauces, dairy products, and other industries which include dips, spreads, dressings, toppings, and puddings. Beverages dominated the fruit & vegetable ingredients market, by application. The market for fruit & vegetable ingredients for application in beverages is driven by health-conscious consumers who prefer natural ingredients in their diets. Furthermore, a trend toward healthier beverage choices by consumers has caused the dairy industry to include fruit & vegetable ingredients in their offerings.
“China and India: The future of the fruit & vegetable ingredients industry”
Europe dominated the global fruit & vegetable ingredients market in 2015. The Asia-Pacific region is projected to be the fastest-growing market from 2016 to 2021. The markets are growing in China and India due to the increasing disposable income of the people, growing urban population, abundance of human capital, changing lifestyle along with evolving consumers’ eating habits, and increased opportunities in developing countries making way for profitable returns.
Break-up of Primaries:
- By Company Type: Tier 1 – 20%, Tier 2 – 45%, and Tier 3 – 35%
- By Designation: Director level –22%, C level – 28%, Others – 50%,
- By Region: North America – 45%, Europe – 25%, Asia-Pacific – 18%, RoW – 12%
The leading players in the fruit & vegetable ingredients market are Archer Daniels Midland Company (U.S.), Kerry Group plc (Ireland), AGRANA Group (Austria), D?hler (Germany), SunOpta, Inc. (Canada), Olam International Limited (Singapore), DIANA Group S.A.S. (France), SVZ International BV (Netherlands), Sensient Technologies Corporation (U.S.), and SensoryEffects Ingredient Solutions (U.S.).
The fruit & vegetable ingredients market is segmented on the basis of type, application, category, and region. In terms of insights, this research report has focused on various levels of analyses: industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global fruit & vegetable ingredients market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities and challenges.
Reasons To buy this report:
- To get an overview of the global fruit & vegetable ingredients market
- To get an overview of the key players of fruit & vegetable ingredients industry and product portfolios and key strategies adopted by key players to attain the market presence
- To gain insights of the major region in which the fruit & vegetable ingredients market is growing
- To gain knowledge of the growth of various segments