by The global Fruit and Vegetable Ingredients Market is estimated to be valued at US$ 224.37 Bn in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Fruit and vegetable ingredients are processed products derived from various fruits and vegetables. They provide color, flavor, and nutritional value to food products. They are widely used in various applications like beverages, confectionery, dairy, and bakery products.
Market key trends:
Rising demand for plant-based and natural ingredients is one of the key trends in the fruit and vegetable ingredients market. Consumers are increasingly preferring food products containing natural ingredients over synthetic or artificial ingredients due to rising health concerns. This has increased the demand for fruit and vegetable ingredients which are considered as clean label ingredients. However, price volatility of raw materials is a major challenge for market players as the prices of fruits and vegetables fluctuate frequently depending on seasonal changes and climatic conditions. This leads to pricing pressures for manufacturers.
SWOT Analysis
Strength: The fruit and vegetable ingredients market has a wide variety of products to offer. It provides essential vitamins, minerals, phytochemicals, and fiber.
Weakness: Seasonal unavailability of raw materials leads to fluctuating supply and pricing of fruit and vegetable ingredients. Highly perishable nature is also a challenge.
Opportunity: Growing health consciousness among consumers is driving the demand for nutrient-rich and plant-based food products. There is high opportunities for innovation in fruit and vegetable ingredients.
Threats: Strict international quality standards and regulations pose compliance challenges for market players. Threat from substitute ingredients also affects the market.
The global Fruit and Vegetable Ingredients Market Demand is estimated to be valued at US$ 224.37 Bn in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Key Takeaways
The global fruit and vegetable ingredients market is expected to witness high growth, exhibiting CAGR of 4.6% over the forecast period, due to increasing health consciousness among consumers.
Regional analysis : North America dominated the market in 2023, accounting for nearly 30% share of the global market. Asia Pacific is expected to be the fastest growing region, owing to rising disposable incomes and growing health awareness in major countries like India and China.
Key players operating in the fruit and vegetable ingredients market are Hans Zipperle AG, Archer Daniels Midland Company, Kerry Group, Sensient Technologies, AGRANA Beteiligungs-AG, Kanegrade Natural Ingredients, Taura Natural Food Ingredients, Olam International Limited, Sunopta, Inc., Roquette Freres, Sensoryeffects Ingredient Solutions, Yaax International Ltd, Diana SAS, Svz International BV, DMH Ingredients Inc., Cargill Incorporated, Tate & Lyle PLC, and Dohler Group.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
