The fruit & vegetable ingredients market is projected to reach USD 216.03 Billion by 2022, at a CAGR of 5.8% from 2017. The objectives of the study are to define, segment, and measure the global market with respect to its type, application, category, and key regional markets. They also include major factors influencing the growth of the market, strategically analyze the micromarkets, analyze opportunities for stakeholders, provide details of the competitive landscape, and strategically profile the key players with respect to their market share and core competencies.
The fruit and vegetable ingredients market is segmented on the basis of type into concentrates, pastes & purees, NFC juices, and pieces & powders. The concentrates dominated the fruit and vegetable ingredients market owing to the larger demand from the fruit juice industry and other prepared food products. The second-largest type for fruit and vegetable ingredients is pieces & powders. The use of fruit & vegetable ingredients in pieces & powders form in various processed food products has increased globally.
Speak to Analyst@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=109075059
Based on the category, the fruit and vegetable ingredients market is segmented into fruits and vegetables. The fruit segment dominated the fruit and vegetable ingredients market due to producers, reliance on this segment owing to its functional benefits, and the cost efficiencies involved.
On the basis of region, the fruit and vegetable ingredients market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Rest of the World (RoW). Europe, especially the U.K., is the largest consumer of fruit & vegetable ingredients, thus accounting for the largest share in the fruit & vegetable ingredients market, followed by North America and Asia-Pacific. The Asia-Pacific region is projected to be the fastest-growing market with investments from key players in the market, especially in China and India, due to their large fruit & vegetable ingredients production, low-cost labor, and lower fruit & vegetable ingredients prices.
Market Ecosystem:
The various contributors involved in the value chain of fruit & vegetable ingredients include fruit & vegetable ingredient manufacturers such as Olam International (Singapore), Archer Daniels Midland Company (U.S.), Kerry Group plc (Ireland), AGRANA Group (Austria), and Döhler (Germany); government bodies & regulatory associations such as United States Department of Agriculture (USDA), FDA (Food and Drug Administration), FSSA (Food Safety and Standards Authority), EFSA (European Food Safety Authority); distributors such as Kerry Group plc (Ireland), DIANA Group S.A.S. (France), SVZ International BV (Netherlands), and Sensient Technologies Corporation (U.S.); and end users such as beverages, confectionery, RTE products, bakery, soups and sauces, dairy products, and others.
