Fruit & Vegetable Ingredients Market Size & Share - Future Growth Expectations
The global fruit & vegetable ingredients market size is on a trajectory of significant expansion, with an estimated value projected to reach USD 280.9 billion by 2027 from the 2021 valuation of 207.8 billion, displaying a promising Compound Annual Growth Rate (CAGR) of 5.2%.
The Fruit & Vegetable Ingredients Market is a large and growing industry that provides a variety of ingredients for food and beverage products, as well as for other industrial applications. The market is driven by a number of factors, including the increasing demand for natural and healthy food products, the growing popularity of convenient and processed foods, and the rising disposable incomes of consumers in developing countries.
Several Factors are Driving the Fruit & Vegetable Ingredients Industry Growth:
- Rising Demand for Healthy and Functional Foods: Consumers are increasingly seeking out healthy and functional foods that are packed with nutrients and offer health benefits. Fruit and vegetable ingredients are a natural way to add vitamins, minerals, fiber, and antioxidants to food products.
- Clean-Label Trend: Consumers are also demanding clean-label products that are made with recognizable and natural ingredients. Fruit and vegetable ingredients fit the bill perfectly, as they are minimally processed and free from artificial flavors, colors, and preservatives.
- Convenience Food Popularity: The popularity of convenience foods is also driving the growth of the fruit and vegetable ingredients market. These ingredients can be easily incorporated into a variety of convenient food products, such as frozen meals, snacks, and beverages.
- Growing Vegan and Flexitarian Diets: The rise of vegan and flexitarian diets is also creating a demand for plant-based ingredients. Fruit and vegetable ingredients can be used to create a variety of vegan and vegetarian products, such as plant-based meats and dairy alternatives.
- Increasing Disposable Income: Rising disposable incomes in developing countries are leading to increased consumer spending on food. This is expected to boost the demand for processed and packaged foods that contain fruit and vegetable ingredients.
- In addition to these factors, the fruit and vegetable ingredients market is also benefiting from technological advancements that are making it easier to process and preserve fruits and vegetables. These advancements are helping to ensure the quality and consistency of fruit and vegetable ingredients, which is making them more appealing to food manufacturers.
To know about the assumptions considered for the study download the pdf brochure
Fruit & Vegetable Ingredients Market Share - Competitive Landscape
The fruit & vegetable ingredients market is characterized by the presence of several key players competing for market share. Some of the leading companies in the fruit & vegetable ingredients industry include:
- Cargill Incorporated (US)
- ADM (US)
- Ingredion (US)
- Tate & Lyle (UK)
- DöhlerGmbH (Germany)
- Kerry (Ireland)
Cargill Incorporated (US)
Cargill is involved in the manufacturing and marketing of food ingredients, agricultural products, risk management, financial, and industrial products & services around the globe. Cargill operates in 70 countries through its subsidiaries and affiliates. The company distributes its wide range of products to its customer base in over 125 countries at a global level. Its geographical network spans North America, Latin America, Europe, Asia Pacific, and Africa. Its subsidiaries include The Mosaic Company (US), NatureWorks LLC (US), and The Wilbur Chocolate Company (US).
Tate & Lyle (UK)
Tate & Lyle company is a global provider of ingredients and solutions for the food, beverage, and industrial markets, operating for over 160 years with the purpose to help people make healthier and tastier food and drink choices, whilst supporting communities and caring for the planet. The company works with customers to use low and no-calorie sweeteners to help remove millions of tons of sugar from people’s diets, add gut-friendly fibers that provide health benefits, create tasty treats at an affordable price with nutritive sweeteners, use textures to create smooth, creamy, indulgent desserts, stabilize foods, and enhance recyclable packaging materials for online retailers.
Ingredion (US)
Ingredion is a leading global ingredients solutions company. The company manufactures sweeteners, starches, nutrition ingredients, and biomaterials that are used by customers in everyday products from foods and beverages to paper and pharmaceuticals. In 2015, Kerry Concentrates became part of the Ingredion group of companies and extended its capabilities to deliver clean and simple ingredient solutions. The products developed or the custom formulations created upholds the integrity and richness of raw fruits & vegetables.
Related Report:
Fruit & Vegetable Ingredients Market by Category (Fruits and Vegetables), Nature (Organic, Conventional), Type (Concentrates, Pastes & Purees, NFC Juices, and Pieces & Powders), Application, and Region - Global Forecast to 2027
GET A FREE SAMPLE
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
