Fruit & Vegetable Ingredients Market worth 201.67 Bn USD by 2020

Friday 26 February 2016, Amsterdam

The report, now available on ASDReports, "Fruit & Vegetable Ingredients Market by Type (Concentrates, Pastes & Purees, NFC Juices, Pieces & Powders), Application (Beverages, Confectioneries, R.T.E, Bakery, Soups & Sauces, Dairy products), & by Region - Global Trend & Forecast to 2020", The market for fruit & vegetable ingredients is projected to grow at a CAGR of 6.6% to reach USD 201.67 Billion by 2020.

The fruit & vegetable ingredients market is driven by the rise in consumption of processed food & beverage products in developed and developing countries. Acquisitions formed the most preferred strategy, among the key players, to attract and retain new customers, globally. These players focused on acquiring local players of the emerging markets to expand their business on a global scale and sustain the competition prevailing in the market. New product launches also helped key players in strengthening their product portfolio.

Significant growth in the beverages segment observed in the Asia-Pacific region

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.

Increasing popularity of convenience foods is boosting the demand for fruit & vegetable ingredients

The demand for convenience foods is high among working women due to factors such as time saving in pre-preparations and cooking process. The increasing consumer preference toward convenience food indirectly favors the increasing demand for fruit & vegetable ingredients required as base ingredients, and also as coloring, flavoring, and decorating agents in these convenience food products. The processed food market is driven by the greater need for convenience due to busy lifestyles. This in turn increases the demand for fruit & vegetable ingredients.

Countries with emerging economies: Sole frontiers of growth

Rise in living standards and changes in lifestyles in developing countries contribute to the development of the convenience food & beverage market, and consequently impact the fruit & vegetable ingredients market. This is accelerating the snacking trend and driving the market for fruit snacks, nutrition bars, and R.T.E. cereals, flavored with fruit & vegetable ingredients and consequently, the associated market. The market for fruit & vegetable ingredients is therefore estimated to possess growth potential in newer markets of China, India, Japan, Brazil, and the Middle East, among others.

The report includes development strategies and product portfolio of the leading companies such as Archer Daniels Midland Company (U.S.), Kerry Group plc (Ireland), AGRANA Group (Austria Olam International Limited (Singapore), and Sensient Technologies Corporation (U.S.). Other players include DIANA S.A.S. (France), SensoryEffects Ingredient Solutions (U.S.), DohlerGroup (Germany), SunOpta, Inc. (Canada), and SVZ International B.V. (The Netherlands).

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; and opportunities.