Fruit & Vegetable Ingredients Market by Type, Application, Category and Region - Global Market Size Estimation, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2030
Overview
Fruit & Vegetable Ingredients Market size is expected to reach nearly US$ 279.53 Bn by 2030 with the CAGR of 5% during the forecast period.
Fruit & Vegetable Ingredients Market Overview:
The Global market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Fruit & Vegetable Ingredients report also provides trends by market segments, technology, and investment with a competitive landscape.
To know about the Research Methodology :- Request Free Sample Report
The global Fruit & Vegetable Ingredients market is expected to grow at a CAGR of 5% during the forecast period. The market size of the global fruit & vegetable ingredients was valued at US$ 198.66 Bn. in 2023 and it is expected to reach US$ 279.53 Bn. by 2030.
Ingredients of fruits & vegetables are mainly obtained from vitamins, fiber proteins, fats, minerals, and carbohydrates that form a part of a healthy diet and offer nutrition to the health system. Due to maintaining safety and freshness & improve nutrition value these ingredients are used in food products such as bakery, dairy products, confectionery, etc. Furthermore, ingredients of puree & concentrates are largely used to make fruit juices. Food & vegetable ingredients are utilized by food and vegetable manufactures.
In the COVID-19 pandemic, the fruit and vegetable production affected which has impacted the production of fruit and vegetable ingredients. Reducing consumption of foods during lockdown was a major factor for fruit & vegetable ingredients. Closing hotels, restaurants, schools have resulted in a complete loss of distribution channels.
Fruit & Vegetable Ingredients Market Dynamics:
The main growth factor of fruit and vegetable ingredients market are many health-promoting activities, government initiatives, consumers are shifting from fresh fruits & vegetables to fruit& vegetable ingredients. The main driving factor for fruit & vegetables are rising in the demand for natural ingredients, increasing demand of preservative, changing consumer lifestyle, changing eating habits, growing used of fruit & vegetable ingredients in different industries such as confectionery, bakery, and dairy products.
There are some restraints factors available that hamper market growth for the market. These are the rising instance of unfair trade practices globally, seasonal changes in the supply of raw materials, bad weather conditions, rising demand for clean label products. To use organic chemicals is also a restraint for market growth.
The Fruit & vegetable ingredients market is influenced by the rising processed food & beverage industry, increasing use of natural ingredients in food & beverage industry, growing demand for natural & healthy products would boost the market revenue of the market. Introducing plant-based diets, launching new products, changing consumer attention towards healthy products would generate new opportunities for fruits & vegetable ingredients market. Rising demand for shelf-stable foods has also generated opportunities for freeze-fried fruit.
Fruits & Vegetables Ingredients Market Trends:
Rising Demand for Natural & Healthy Ingredients in Food & Beverage Industry
Rising awareness of food & vegetable ingredients and natural products and rapid expansion of the processed & packaged foods industry is growing. The rising demand for natural food additives, also rising utilization of plant-based diets and foods, eventually driving the sales of fruit & vegetable ingredients. More women are consuming fruits once a day than men. Women reporting fruit consumption at least once a day was 60% in 2023, while the respective percentage for men was 50%.
Fruit & Vegetable Ingredients Market Segment Analysis:
The Global fruits & vegetables ingredients market is segmented in main three types Type, Application, and Category.
Based on type, the Fruit and vegetable ingredients market segmented into concentrates, pastes and purees, NFC juices and pieces and powders. The concentrates segment holds the highest market share of the fruit and vegetable ingredients market owing to the high demand from the fruit juice industry and other prepared food products. Global market for Concentrates is projected to reach USD 92 Bn. by 2029 with a CAGR of 4.0% during the forecast period. Europe is largest market for concentrates segment, holds more than 40% of global sales in 2023. However, China is expected to grow fastest CAGR of 6.0% and reach USD 9.0 Bn. during the forecast period. Popularity of fruit concentrates are increasing globally such as orange, apple, pineapple juice market.
Based on the Application, the fruit and vegetable market is divided into beverages, confectionery, ready to eat, bakery, soups & sauces, and dairy products. The beverages segment holds the highest market share of the market owing to changing consumer lifestyle and rising trend of consuming beverages. Beverages can be a form of concentrate, powders, or NFC juices. Fruit juices, soft drinks, energy drinks are preferences of consumers owing to several health benefits.
Based on Category, the fruit & vegetable ingredients market is bifurcated into two types’ fruits & vegetables. The fruit ingredients segment holds the highest market share of the fruits and vegetable ingredients market owing to producers, a rich sources of vitamins, minerals & fiber, cost efficiencies. The fruit ingredients involve apple, orange, pineapple, strawberries, mango, banana, kiwi which are good for health. Consumption of whole foods is good for health and gives nutrition, dietary fiber. China ranked first in fruit consumption in 2023 (53,122 kt- 30% of world consumption) followed by India, Indonesia, USA, Mexico & Brazil.
Fruit & Vegetable Ingredients Market Regional Insights:
North America dominates the fruit & vegetable ingredients regional market and it is expected to grow at CAGR of 4.0% during the forecast period. The U.S. fruit and vegetable market is holds 35% of the market share, is estimated to reach USD 57 Bn. in 2022. North America dominates the largest market share because of increasing sales of concentrates, pastes & purees, powder & pieces, plant-based foods. According to a USA trend study, half of the adults are agreeing to eat foods that provide minerals, vitamins, nutritions.
However, China is expected to grow at a CAGR of 6.0% and reach a market size of US$ 18.3 Billion during the forecast period.
In the COVID-19 period, consumers are more focused on health, immunity, overall wellness. According to Datassential’s 2022 New Healthy Keynote Report, adults are eating more superfoods, 50% of global consumers are consuming healthy & natural foods, immunity-based products since the pandemic began. Bananas, lemons, orange, peaches, apples, potatoes, carrots, the salad was the most favorites fruits & vegetable product in 2022. Most purchased fruits product & Vegetables product in COVID-19 by consumer’s are-
Top consumed vegetables product in 2022 are- Potatoes- 57%, Onions- 52%, Tomatoes- 50%, Carrots- 45%, Salad mix- 40%
List of highest fruits producing countries in the world (2022)
The objective of the report is to present a comprehensive analysis of the Global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global market dynamics, structure by analyzing the market segments and projects the Global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global market make the report investor’s guide.
Fruit & Vegetable Ingredients Market Scope:Inquire before buying
| Fruit & Vegetable Ingredients Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US$ 198.66 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 5% | Market Size in 2030: | US$ 279.53 Bn. |
| Segments Covered: | by Type | Concentrates Pates and Purees NFC Pieces and Powders |
|
| by Application | Beverages Confectionery Ready to Eat Bakery Soups and Sauces Dairy Products |
||
| by Category | Fruit Vegetable |
||
Fruit & Vegetable Ingredients Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Fruit & Vegetable Ingredients Market, Key Players
1. Olam international
2. Cargill incorporated
3. ADM
4. Agrana group
5. Frutarom
6. Sensient technologies
7. Kerry inc
8. SunOpta
9. Symrise
10.Dohler
11.SVZ industrial fruit & vegetable ingredient
12.Grain millers
13.Univar solutions
14.Future ceuticals
15.DMH ingredients
Frequently Asked Questions:
1. Which region has the largest share in Global Fruit & Vegetable Ingredients Market?
Ans: North America region holds the highest share in 2023.
2. What is the growth rate of Global Fruit & Vegetable Ingredients Market?
Ans: The Global market is growing at a CAGR of 5% during forecasting period 2024-2030.
3. What is scope of the Global Fruit & Vegetable Ingredients market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Fruit & Vegetable Ingredients market?
Ans: The important key players in the Global market are – Olam international, Cargill incorporated, ADM, Agrana group, Frutarom, Sensient technologies, Kerry inc, SunOpta, Symrise, Dohler, SVZ industrial fruit & vegetable ingredient, Grain millers, Univar solutions, Future ceuticals, and DMH ingredients.
5. What is the study period of this market?
Ans: The Global market is studied from 2023 to 2030.