Fruit And Vegetable Ingredients Market - Growth, Trends, And Forecast (2019 - 2024)

Global Fruit And Vegetable Ingredients Market is segmented by Ingredient Type (Fruit and Vegetable), By Application (Beverages, Confectionery Products, RTE Products, Bakery Products, Soups & Sauces Products and Dairy Products), Product Type (Concentrates, Pastes & Purees, NFC Juices and Pieces & Powders) and Geography.

Market Snapshot

snapshot
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

CAGR% (2019-2024):

4.5%

Key Players:

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Market Overview

Fruit and vegetable ingredients market is forecasted to reach USD 234.12 million by 2024 growing at a CAGR of 4.5% during the forecast period (2019 - 2024).

  • 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.
  • Fruit ingredient accounted for the major share, followed by vegetable ingredient. Increased demand for fruit juice concentrate in the beverage industry is the primary factor driving the market.
  • Beverages is the leading application of fruits and vegetable ingredient in the market, either in the form of concentrate, powders, or NFC juices.
  • The dairy industry uses fruit pieces, concentrates, pulp/puree in products such as yogurt, fermented dairy drinks, ice cream, desserts, and puddings.

Scope of the Report

The study of fruit and vegetable ingredients market is available for concentrates, pastes & purees, NFC juices and pieces & powders. By application, the market is segmented as confectionery products, RTE products, bakery products, soups and sauces and dairy products.

By Ingredient Type
Fruit
Vegetable
By Product Type
Concentrates
Pastes and Purees
Pieces and Powders
NFC Juices
By Application
Beverages
Confectionery Products
Bakery Products
Soups and Sauces
Dairy Products
RTE Products
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
United Arab Emirates
South Africa
Rest Middle East & Africa

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Key Market Trends

Increase in Demand for Natural Ingredients in the Food and Beverage Industry

The rapid expansion of the processed and packaged food industry is expected to accelerate the demands for natural food additives, eventually driving the sales of fruit and vegetable extracts. The global marketplace has witnessed increase in the extraction of bioactive compounds from fruit and vegetable to be utilized as natural additives for food industry. Inclusion of these natural concentrates in baby food can boost the market for fruit and vegetable ingredients globally, as food safety is the major concern in this segment. Not just baby foods, even the food preference among adults is for naturally sourced, low-fat, low-sugar, and other customized natural additives in food and beverages. This rising awareness about the ingredients used in the products coupled with increasing health consciousness  and the use of natural and organic food products, is expected to favor the fruit and vegetable ingredient market.

trend1

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Fruit Ingredients are Driving the Market

The rise in demand, and high sales volume of fruit ingredients, is due to better taste, high nutritional values, natural flavors, and high preference in children food. The inclusion of natural fruit extracts in food and beverage has helped the rise in demand for instant baby food products, and it is expected to be the key driver for the growth of the fruit segment during the forecast period, as most of the baby food products comprise of exotic fruits such as, banana, apple, melon, and mango, there is a significantly high demand for these fruit concentrates on the global scale. Generally, fruit juices are prepared from juice concentrates. However, several juice manufacturers have now started using concentrates in fruit juices, for a smooth blend, and to increase the thickness of the product. This trend applies especially to the preparation of puree made from exotic fruits, like apple.

trend2

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Competitive Landscape

The global fruit and vegetable ingredient market is highly fragmented, with many local and international players competing for market share. Major players, like Olam International, Cargill Incorporated, ADM, Agrana Group, Frutarom, hold a significant position in the global fruit and vegetable ingredient market. The major strategies adopted by companies in the global fruit and vegetable ingredient market are new product launches, agreements/partnerships, expansions, and acquisitions.

Major Players

  1. Olam International
  2. Cargill, Incorporated
  3. AGRANA Beteiligungs-AG
  4. Archer Daniels Midland Company
  5. Frutarom

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters 5 Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Ingredient Type

      1. 5.1.1 Fruit

      2. 5.1.2 Vegetable

    2. 5.2 By Product Type

      1. 5.2.1 Concentrates

      2. 5.2.2 Pastes and Purees

      3. 5.2.3 Pieces and Powders

      4. 5.2.4 NFC Juices

    3. 5.3 By Application

      1. 5.3.1 Beverages

      2. 5.3.2 Confectionery Products

      3. 5.3.3 Bakery Products

      4. 5.3.4 Soups and Sauces

      5. 5.3.5 Dairy Products

      6. 5.3.6 RTE Products

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Russia

        5. 5.4.2.5 Italy

        6. 5.4.2.6 Spain

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        4. 5.4.3.4 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 United Arab Emirates

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Most Active Companies

    3. 6.3 Most Adopted Strategy

    4. 6.4 Company Profiles

      1. 6.4.1 Olam International

      2. 6.4.2 Cargill, Incorporated

      3. 6.4.3 AGRANA Beteiligungs-AG

      4. 6.4.4 Archer Daniels Midland Company

      5. 6.4.5 Frutarom (Taura Natural Ingredient)

      6. 6.4.6 SunOpta Inc.

      7. 6.4.7 Dohler Group

      8. 6.4.8 European Freeze Dry

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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