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The Global Fruits and Vegetable Ingredients Market size is estimated to grow at a CAGR of 6.63% between 2022 and 2027 and the size of the market is forecast to increase by USD 101.27 billion. In 2017 the market size was at USD 203.8 billion.
The rising demand for fruits and vegetables to maintain a healthy diet is a key driver for the growth of the global emission control catalysts market. Urbanization and consumer trends have led to lifestyle changes and a shift towards healthier food options. The health of the population is essential for a nation's social and economic prosperity, and consumers are seeking foods with essential nutrients. Fruits and vegetables are crucial components of a healthy diet and can help prevent major diseases like cancer. Fruits and vegetables are excellent sources of vitamins and dietary fiber, and their ingredients have seen a surge in demand worldwide for their ability to provide essential nutrients. They also aid in weight management, lower blood cholesterol levels, and regulate insulin and glycemic responses, contributing to the growth of the fruit and vegetable ingredients market.
This report extensively covers market segmentation by application (beverages, confectionery, rte products, bakery, and others), type (concentrates, pastes and purees, NFC juices, and pieces and powders), and geography (Europe, APAC, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help stakeholders in the value chain refine their marketing strategies to gain a competitive advantage.
The increasing online presence of fruit and vegetable ingredient vendors will fuel the global emission control catalysts market growth. The rise in penetration of smartphones, coupled with the increasing accessibility to the Internet, is promoting the sales of fruit and vegetable ingredients online. E-commerce platforms give liberty to consumers to choose from a wide range of brands and to purchase fruit and vegetable ingredients whenever and wherever they want. After the acquisition, Amazon started offering the processed vegetable offering of Whole Foods Market through Amazon Prime to end-users. The speedy delivery and hassle-free purchase experience encouraged more and more consumers to purchase fruit and vegetable ingredients via Amazon Prime.
Moreover, the rise in the number of vendors who provide fruit and vegetable ingredients through online platforms is mainly due to the factors such as easy access to the market and reduced overhead costs by minimizing the need for retail premises and labor. Besides, selling products online provides the opportunity to expand market share in regions that the company cannot reach physically. Therefore, the increasing online presence of fruit and vegetable ingredient vendors will further spur market growth during the forecast period.
One of the major obstacles hindering the growth of the global emission control catalysts market is the stringent regulations imposed by governments. These regulations vary from one country to another and have also affected the growth of the global fruits and vegetable ingredients market. Compliance with these rules and regulations can be challenging for manufacturers operating in various countries. The regulations cover aspects such as product permits, entry of new players, product launches, and product expiration dates.
While some countries have minimal regulations and lenient regulatory authorities, other countries have stringent regulations that are becoming increasingly strict. The presence of different regulations, laws, and rules in different countries can be confusing and make it difficult for players to follow a uniform operation procedure when producing or marketing their products in different locations.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Fruits and Vegetable Ingredients Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
A concentrate segment refers to a material that has undergone a process of removing most of its base components, such as the extraction of water from fruit juice. This process offers several benefits, such as reducing weight and volume for transportation and allowing for easy reconstitution by adding solvents at the time of use. Concentrates have widespread use in the beverage industry as natural sweeteners and sugar substitutes in bakery and confectionery products. Packaged juice manufacturers also use fruit and vegetable juice concentrates in their products.
The rising awareness of health and wellness among consumers is driving them towards healthier food and beverage choices. For instance, many consumers are opting for fruit and vegetable juices over carbonated drinks. This shift in consumer preference is expected to drive the growth of the concentrates segment in the global fruits and vegetable ingredients market during the forecast period.
The Beverage segment shows significant growth in the forecast period. The importance of fruits and vegetables in a natural and healthy diet cannot be overstated. In today's fast-paced world, consumers are seeking products that are both convenient and time-saving, while also delivering a satisfying taste. This trend has led to an increase in demand for fruit and vegetable ingredients in the beverage industry, which provide superior quality, stability, and health benefits in terms of taste, colour, and nutrition.
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The beverages segment was valued at USD 52.81 billion in 2017 and continue to grow by 2021. Consumers are increasingly opting for juices and smoothies made from healthy fruit and vegetable ingredients to meet their daily nutrient requirements, driven by a growing awareness of health and wellness in the beverage industry. These factors are expected to have a positive impact on the growth of the beverages segment of the global fruits and vegetable ingredients market during the forecast period.
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Europe is estimated to contribute 30% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth momentum in APAC is accelerating in the global fruits and vegetable ingredients market. The market share of the region is expected to increase during the forecast period. The majority of the growth will come from developing countries such as India and China. The rising population and increased penetration in rural areas will drive the growth of the fruits and vegetable ingredients market in the region during the forecast period.
In 2020, the outbreak of COVID-19 negatively impacted the growth of the fruits and vegetable ingredients market in APAC. However, fruits and vegetables are consumer staple products, thus, the outbreak did not largely affect the regional fruits and vegetable ingredients market. Moreover, the initiation of large-scale vaccination drives and the resumption of supply chain operations revived the growth of the regional market in the second half of 2020. In addition, the vendors in the market are increasingly adopting online distribution channels to increase sales, and there is an increasing implementation of digital technologies in supply chain and logistics operations to overcome the issues that were faced during the pandemic. Furthermore, the region has witnessed an increasing consumption of fruits and vegetables since the outbreak of COVID-19 to boost immunity. Thus, all these factors will positively impact the growth of the regional fruits and vegetable ingredients market during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Fruits And Vegetables Ingredients Market Scope |
|
Report Coverage |
Details |
Page number |
180 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.63% |
Market growth 2023-2027 |
USD 101.27 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.07 |
Regional analysis |
Europe, APAC, North America, South America, and Middle East and Africa |
Performing market contribution |
Europe at 30% |
Key countries |
US, China, India, Germany, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
AGRANA Beteiligungs AG, Archer Daniels Midland Co., Batory Foods, Cargill Inc., Cooperatie Koninklijke Cosun UA, Diana Food SAS, Dohler GmbH, European Freeze Dry, Grunewald International, Ingredion Inc., International Flavors and Fragrances, Kanegrade Ltd., Kerry Group Plc, Lupa Foods Ltd., Olam Group Ltd., Sensient Technologies Corp., SunOpta Inc., Tate and Lyle Plc, The Scoular Co., and Yaax International Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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