Fruit Snacks Are The Fastest Growing Segment Fueling The Growth Of Fruit And Vegetable Ingredients Market
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| Fruit And Vegetable Ingredients Market |
Market
Overview:
Fruit and vegetable ingredients are usually used as flavoring additives and
nutritional enhancements in various food products. Their health benefits such
as antioxidant and vitamin properties are driving their demand in functional
food and beverage industry.
Market key trends:
One of the key trends in the fruit and vegetable ingredients market is the
growing demand for clean label and organic products. Consumers are increasingly
preferring ingredients derived from organic sources without artificial
preservatives, colors, flavors, etc. Many leading food companies are focusing on
using simple and recognizable ingredients in their products to cater to this
demand. For instance, Cargill launched organic label-friendly citrus fibers to
increase the demand for natural, organic and non-GMO products.
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.
Segment Analysis
The global fruit and vegetable ingredients market is segmented into types and
applications. On the basis of type, the market is bifurcated into concentrates,
pastes & purees, NFC juices, and other types. The concentrates segment
dominated the market in 2022 due to its wide applications in food &
beverages industry. Concentrates have high nutritious value and help maintain
authentic flavor and color of fruits and vegetables in finished products.
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
demand for plant-based and clean label foods.
Regional analysis
Europe dominates the global market and is expected to maintain its dominance
over the forecast period. This is attributed to the rising adoption of
plant-based diets and expanding food & beverage industry in the region.
North America is the fastest growing market for fruit and vegetable ingredients
due to increasing health consciousness among consumers.
Key players
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.
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