New York, Aug. 29, 2022 (GLOBE NEWSWIRE) — The global fruit and vegetable ingredients market size was estimated at USD 210 billion in 2021. Fruit and vegetable ingredients are used in the food and beverages industry to maintain safety and freshness. The usage of fruits and vegetables ingredients help in improving the nutritional value of various food items produced in bakeries. The pandemic had a major impact on the production of fruit and vegetable ingredients in the recent years. There was a limited demand for the fruits and vegetables ingredient due to a reduction in the consumption of Food items. Subsequent lockdowns and strict policies had led to a loss of this industry.
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Why North America region has dominated the fruit and vEGETABLE ingredients market?
- The North American region has dominated the fruit and ingredients market till the recent years. During the forecast period the North American region will grow at a compounded annual growth rate of 4% till the year 2030. The United States has been the largest market for the fruit and vegetable ingredients market till the year 2021.
- Increasing demand for powder and spices, concentrates, purees and other forms of fruits and vegetable ingredients is leading to a growth in this region. Post pandemic there has been a great demand for plant-based products which help in providing vitamins and minerals which are extremely essential to combating the pandemic. The growing trend of vegan diet is also driving the growth of the fruits and vegetable ingredients market in this region.
- Many countries across the North American region are seeing a great demand for the fruit and vegetable ingredients market due to an increased consumption of products for a healthy lifestyle and an increase in the demand due to high disposable income.
Why Asia Pacific region is growing faster in the fruit and vegetable ingredients market?
- The Asia Pacific region is also expected to drive the growth of the market in this region growing awareness in the consumers for consuming natural products and healthy products that help in building the immunity it’s creating a good demand in India, China and Japan. Rapid industrialization and increased purchasing power in the Asia Pacific region is driving the growth of the market.
- The presence of major food processing equipment in India and China is one of the major reasons for the growth of this market in the Asia Pacific region. There’s an increased focus further development of technological advanced equipment which will help in the increased production capacity of the fruit and vegetables ingredients.
- On the basis of the ingredient type, the fruit ingredient segment is expected to have the larger market share during the forecast. Owing to the minerals and vitamins provided by such ingredients there is an increase in the demand for fruit ingredients due to growing health awareness among the consumers in the developed as well as the developing nations.
- The fruit and ingredients market on the basis of concentrates segment is expected to drive the market growth during the forecast. improved lifestyle and good amount of disposable income has led to an increase in the consumption of beverages. The growing demand for the beverages across many developing as well as the developed nations it’s creating a demand for concentrates for the production.
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Scope of the Report
|Market Size in 2021||USD 210 Billion|
|Revenue Forecast by 2030||USD 315 Billion|
|CAGR||4.61% from 2022 to 2030|
|Forecast Year||2022 to 2030|
|Key Players||AGRANA Beteiligungs-AG (Austria), ADM (US), Tate & Lyle (UK), Balchem ingredient solutions (US), Cargill (US), Kerry Group (Ireland), Sensient Technologies Corporation (US), Symrise (Germany) and Others.|
The most important factors that led to a growth of the global fruit and vegetable ingredients market is the increase in demand for photo food and beverages that use these ingredients and improved lifestyle across the developed and the developing nations. As there is a major change in the eating habits of the people across the world which is mainly post pandemic is expected to drive the growth of this market. There’s an increasing consumer awareness regarding the health benefits of these products and the Nutritive value of these products is driving the growth of the market.
Constant research and development in this field for the usage in the food and beverages industry is increasing the usage of these ingredients in the Vegan food. Yes the global market for fruit and vegetable ingredients is growing constantly due to a busy schedule of the working class and the availability of food items in various types. The availability of organic food products is increasing the sales. There’s a major shift in the consumption of healthy fruits as compared to the meat products.
The fruit and vegetable ingredients industry has a lot of legislations in different regions creating to the product offered in the market. There are many rules and regulations related to the labeling and composition of these ingredients. The legal framework of this industry is a restraint in the growth of this mark it as it could be a lengthy process and the approval of these ingredients may take time.
There has been a good amount of awareness in the consumers regarding the nutritional content of the foods that they consume. Do they increase in various diseases caused by the consumption of processed foods and the awareness regarding the contents of such foods and beverages has made the consumers extremely about their food consumption foods. Consumers seek healthier food and beverages options which would be better as far as their health is concerned. There’s an increasing demand for organic food products. The availability of chemical free products and the clean labels available in the market is driving the growth of this market and providing opportunities for the future.
Even though the labor costs and the raw material needed for fruit and vegetable ingredient market is cheap in the developing nations but the establishment of new facilities in these countries is a major challenge for the growth of the market. This expansion will require substantial investments and this investment cost needed for the infrastructure is a major challenge for the growth of this market.
- Paradise fruit solutions had launched ready to order door granulates in August 2021. This product is offered in eight different flavors.
- Archer Daniels acquired a Brazilian company named Yerbalatina Phytoactives. Archer Daniels acquired the company in January 2020 to expand its business in Brazil. The Brazilian company manufactures plant-based extracts and ingredients.
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