The global fruit & vegetable ingredients market size is expected to reach USD 324.99 billion by 2030, according to a new study by Polaris Market Research. The report “Fruit & Vegetable Ingredients Market Share, Size, Trends, Industry Analysis Report By Type (Concentrates, NFC Juices, Pastes & Purees, Pieces & Powders); By Nature; By Application; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Fruits & vegetable ingredients are obtained from various fruits & vegetables to be further used in different food & beverages such as puree, pieces, concentrates, and others. These ingredients are widely used in confectionery, bakery, and dairy products.
Fruits and vegetables are a good source of many minerals and vitamins essential for development and growth. They support the reduction of the risk of several diseases, including the prevention of cancer. Ingredients obtained from plant-based sources are highly protective as they help prevent cancer.
Fruit and vegetable elements offer good taste and mouthfeel along with nutritional properties. The growing demand in the food industry across the various region is expected to drive the growth of the global industry over the forecast period.
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The industry is expected to grow in accordance with the processed food & beverage industry. These ingredients are used as stabilizers, thickening agents, or emulsifiers. Apart from food & beverage products, fruits and vegetable ingredients also find use in medicine & pharmaceuticals and other industrial applications.
COVID-19 had a significant impact on the processed food and beverage industry across the globe. The effect was also very severe in the constituents’ market, thereby affecting the overall industry. The market experienced a significant dip over the past two years due to trade barriers in different regions and limited usage of food components for their varied applications. With the relaxed restrictions, the business is expected to recover slowly and grow over the forecast period.
Fruit & Vegetable Ingredients Market Report Highlights
- Due to the rising demand from the juice sector and other prepared food items, the concentrates category now maintains the largest market share of the industry.
- The market for organic plant materials is expected to exhibit significant growth during the forecast period. The growing expansion of the packaged and processed food industry is expected to accelerate the demand for organic food additives, driving the sales of these elements.
- Latin America is expected to grow exponentially over the forecasted period because of the rapid expansion of modern retail outlets and increasing disposable income levels of consumers.
- The global industry is highly competitive owing to the existence of prominent market players with a worldwide presence, including AGRANA Beteiligungs-AG, ADM, Ingredion, Tate & Lyle, Archer Daniels Midland Company, Cargil, Diana Group, Balchem ingredient solutions, Döhler GmbH, Kerry Group plc, Incorporated, Olam International Limited, SunOpta Inc, Symrise, Sensient Technologies Corporation, and SVZ International BV.
Polaris Market Research has segmented the fruit & vegetable ingredients market report based on type, nature, application, and region:
Fruit & Vegetable Ingredients, Type Outlook (Revenue – USD Billion, 2018 – 2030)
- NFC Juices
- Pastes & Purees
- Pieces & Powders
Fruit & Vegetable Ingredients, Nature Outlook (Revenue – USD Billion, 2018 – 2030)
Fruit & Vegetable Ingredients, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- Bakery Products
- Confectionery Products
- Dairy Products
- RTE Products
- Soups & Sauces
Fruit & Vegetable Ingredients, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa