Global Fruit and Vegetable Ingredients Market
Fruit And Vegetable Ingredients Market
Fruit and vegetable ingredients are projected to be superior and are expected to overtake fresh fruits and vegetables in the future, for the prevention of many diseases. The fruit & vegetable ingredients market is projected to be USD XX billion in 2016, growing at a CAGR of XX% from 2016 to 2022.
The daily consumption of fruits and vegetables aids in preventing key diseases like cardiovascular ailments and certain cancers. Due to low fruit and vegetable consumption, around 1.7 million deaths have been observed across the world in 2014.
Time-scarcity, coupled with a desire to be healthier, is creating demand for convenient on-the-go snacks infused with fruit and vegetables ingredients. According to a study nearly half of consumers globally agree that they depend heavily on products and services that help them to save time. Hence most food manufacturers are developing convenient food products that are infused with fruit and vegetables ingredients.
Booming growth in the market for processed food & beverage industry is escalating the fruit and vegetable ingredients market, globally. Also, growing awareness of health and wellness among consumers, with elevation in income levels of people, has bolstered the sales of vegetables and fruit ingredients as colorants, flavor enhancers etc. This is leading to a rapid growth in the snacking trend and driving the market for nutrition bars, fruit snacks, R.T.E. cereals and associated markets, which are flavored with fruit & vegetable ingredients. However, increasing instances of unfair trade practices such as adulteration are expected to restrain the market growth and also the health concerns related to this product. Though the prices of fruit & vegetable ingredients are highly volatile and vary across different regions, the market is expected to grow at a significant rate. Keeping in view the benefits provided by fruit and vegetable based ingredients, and rise in demand for natural fruit and vegetable derived products, the governments of different nations are promoting the fruit and vegetable ingredients industry, thus intensifying the overall market.
The global fruit and vegetable ingredients market is classified by type into – fruit ingredients and vegetable ingredients. Fruit ingredients can be sub-categorized as ingredients extracted from citrus, drupes, berries, pomes, and other seasonal fruits. The vegetable ingredients can be categorized into extractions from leafy vegetables, fruits, roots, tubers, and others, like bulbs and flowers. Further, the market is segmented by the type of ingredients, such as NFC juices, purees & pastes, pieces and powders, juice concentrates, flavors and others. The market can also be segmented by the type of application such as beverages, dairy products, bakery & confectionary products, ready-to-eat products, sauces and soups, and others. The global fruit & vegetable ingredients market can be geographically segmented into North America, Europe, South America, Asia-Pacific, and Africa.
Out of the total revenue of global fruit and vegetable ingredients market, the European region captured a major share in 2015, owing to a rapid growth in the processed food and beverage market. The market in the Asia-Pacific region is growing with high opportunities because it produces more than 50% of global fruit and vegetables. Asia-Pacific, and other emerging countries are projected to grow at a rapid pace in the forthcoming years.
Major players in this market are focusing mainly on R&D initiatives and development of new products, to serve the needs of customers. Also, surging food & beverage industry is expected to have its impact on the demand for fruit and vegetable ingredients in the foreseeable period. In comparison to the mature markets
Archer Daniels Midland Company (U.S.)
Kerry Group plc (Ireland), AGRANA Group (Austria)
Sensient Technologies Corporation (U.S.)
Olam International Limited (Singapore)
“ADM, GLG Partner to Bring Low-Calorie Stevia, Monk Fruit Sweeteners to Customers Worldwide.”
“SunOpta Rebrands Citrus Extraction and Ingredients Operation as Fresh Pressed Industries(TM)”
“SunOpta Inc. Enhances Fruit Snack Capabilities with Accretive Acquisition of Niagara Natural Fruit Snack Company Inc.”
Key Deliverables in the Report
Market analysis for the global fruits and vegetable ingredients market, with region specific assessments and competition analysis.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global fruits and vegetable ingredients market.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major regions in the country where this industry is growing and also identify the regions that are still untapped.
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