Fruit and Vegetable Ingredients

Fruit and Vegetable Ingredients

Global Fruit and Vegetable Ingredients Market to Reach US$286.8 Billion by 2030

The global market for Fruit and Vegetable Ingredients estimated at US$194.1 Billion in the year 2023, is expected to reach US$286.8 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2023-2030. Fruit Ingredients, one of the segments analyzed in the report, is expected to record a 6.1% CAGR and reach US$173.2 Billion by the end of the analysis period. Growth in the Vegetable Ingredients segment is estimated at 5.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$61.2 Billion While China is Forecast to Grow at 8.1% CAGR

The Fruit and Vegetable Ingredients market in the U.S. is estimated at US$61.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$24.9 Billion by the year 2030 trailing a CAGR of 8.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.1% and 5.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Global Fruit and Vegetable Ingredients Market - Key Trends & Drivers Summarized

Fruit and vegetable ingredients play a crucial role in the food and beverage industry, providing essential nutrients, flavors, and textures to a wide range of products. These ingredients come in various forms, including purees, concentrates, powders, and dried pieces, each offering unique applications for enhancing the nutritional profile and sensory attributes of foods. They are commonly used in products such as beverages, dairy items, bakery goods, confectionery, sauces, and ready-to-eat meals. The use of fruit and vegetable ingredients is driven by consumer demand for healthier, more natural products that align with trends towards clean labels and plant-based diets. As a result, manufacturers are increasingly incorporating these ingredients to meet the growing preferences for transparency and health-conscious choices among consumers.

Technological advancements have significantly enhanced the quality, functionality, and application range of fruit and vegetable ingredients. Innovations in processing technologies, such as freeze-drying and vacuum drying, have improved the preservation of nutritional content, flavor, and color, ensuring that the end products are as close to fresh produce as possible. Additionally, advancements in extraction and concentration techniques have allowed for the creation of high-potency ingredients that can be used in smaller quantities while still delivering intense flavors and nutritional benefits. Biotechnology has also played a role, with the development of genetically modified crops that offer superior yield, disease resistance, and enhanced nutrient profiles, further expanding the possibilities for using fruit and vegetable ingredients in various food formulations.

The growth in the fruit and vegetable ingredients market is driven by several factors. The increasing consumer awareness and demand for natural and organic food products have led manufacturers to seek out high-quality fruit and vegetable ingredients. The rise in health and wellness trends, particularly the emphasis on plant-based and functional foods, has spurred innovation and adoption of these ingredients in new product development. Advancements in food processing and preservation technologies have made it easier to incorporate a wide range of fruit and vegetable ingredients into diverse applications without compromising quality. Additionally, the expanding global middle class and their growing disposable incomes have increased the demand for premium and convenience foods that utilize high-quality ingredients. Furthermore, regulatory pressures and the push for cleaner labels are compelling food manufacturers to replace artificial additives with natural alternatives, driving the market for fruit and vegetable ingredients. Together, these factors are fostering a dynamic and rapidly evolving market, presenting significant opportunities for growth and innovation in the use of fruit and vegetable ingredients across the food and beverage industry.

Select Competitors (Total 71 Featured) -

• AGRANA Beteiligungs-AG
• Archer-Daniels-Midland Company
• Cargill, Inc.
• Ingredion Inc.
• Kerry Group Plc
• Olam International Ltd.
• SunOpta, Inc.
• Symrise AG
• Sensient Technologies Corporation
• Tate & Lyle PLC

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