Dublin, April 02, 2024 (GLOBE NEWSWIRE) -- The "Fruit and Vegetable Ingredients - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Fruit and Vegetable Ingredients estimated at US$194.1 Billion in the year 2023, is projected to reach a revised size of US$286.8 Billion by 2030, growing at a CAGR of 5% over the analysis period 2023-2030.
Fruit Ingredients, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$173.2 Billion by the end of the analysis period. Growth in the Vegetable Ingredients segment is estimated at 4.5% CAGR for the next 8-year period.
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 7.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
Key Market Trends & Drivers
- Consumer Focus on Healthy Living and Resultant Rise in Demand for Fruit & Vegetable-Based Health Foods: A Significant Market Opportunity
- Health Benefits of Fruits & Vegetables to Boost Demand for Fruit & Vegetable Ingredients
- Food & Beverage Industry Trends to Shape Growth Trends in Fruit & Vegetable Ingredients Market
- Processed Food Industry Dynamics & Rising Demand for Convenience Foods Augur Well for the Market
- Fruit & Vegetable Juice Market Witnesses Increasing Attention on Exciting Ingredients
- Innovative Juices with Added Healthy Ingredients Flood Promise Growth
- Fruit and Vegetable Juices Specific to Meet the Needs of Adult Customers
- Fruit & Vegetable Juice Innovations to Present New Opportunities for Fruit & Juice Ingredients Market
- Vegetable Juices Emerge as Another Sweetening Option
- New Companies to Fuel Innovation
- Pandemic-Driven Consumer Demand for Natural Foods & Beverages Presents Opportunities for Fruit & Vegetable Ingredients
- As Health Benefits Drive Demand for Smoothies, Demand for Fruit & Vegetable Ingredients to Grow
- Growing Preparation of Juices & Smoothies at Home Amidst Heightened Awareness about Health to Spur Market Growth
- Fruit & Vegetable Ingredients Grow in Popularity as Flavor Enhancers
- New, Emerging Flavors in Major Food Categories
- Ongoing 'Purple Invasion' in the Food Color Market
- Rising Popularity of Fruit Ingredients in Functional Foods and Beverages
- Increasing Use of Fruit & Vegetable Pastes and Purees in Processed Foods and Beverages to Propel Market Growth
- Focus on Launch of Organic Fruit & Vegetable-Based Products to Boost Market Prospects
- NFC Juices Market: Poised for Healthy Growth
- Healthy Snacking Trend Supports Demand for Fruit & Vegetable Ingredients
- Sour and Tangy Fruit & Vegetable Ingredients Find Favor in Snack Foods and Bakery Products
- Impact of Advancements in Fruit & Vegetable Processing Technologies
- Emerging Ingredients to Transform Fruit and Vegetable Ingredients Market
The report features profiles of 70+ featured companies. A selection of companies in the report includes:
- 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
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 524 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $194.1 Billion |
| Forecasted Market Value (USD) by 2030 | $286.8 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- An Introduction to Fruit and Vegetable Ingredients
- Global Market Prospects & outlook
- Immunity Boosting and On-the-Go Nutrient-Rich Food & Beverage Products Fuel Demand for Fruit and Vegetable Ingredients
- Developed Regions Lead Market, Developing Economies to Fuel Long-term Prospects
- Competition
- Recent Market Activity
- Fruit and Vegetable Ingredients - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Nutritional Comparison of Select Common Fruits & Vegetables
- % Growth in Claims in Food & Beverage Products Launched With Fruit Ingredients
- Global Smoothies Market Breakdown by Type (in %) for 2023
- Functional Foods and Drinks Global Market Size (in US$ Billion) by Region for 2020 and 2027
- Organic Food as % of Total Food in the US for 2011-2023
- Inclination of Millennials towards Health & Fitness and the Ensuing Focus on Fruit & Vegetable -Based Health Foods to Drive Market Gains
- Global Millennials Population Spread by Region: 2022
- Millennial Population as a Percentage (%) of Total Population in Select Countries: 2022
- Megatrends Wield Influence on Market Growth
- Ballooning Global Population
- World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
- Urbanization Trend
- World Urban Population in Thousands: 1950-2050P
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
- Burgeoning Middle Class Population
- Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
- Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
- Challenges Facing Fruit & Vegetable Ingredients Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- United States
- Canada
- Japan
- China
- Europe
- France
- Germany
- Italy
- United Kingdom
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- Iran
- Israel
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East
- Africa
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/7tq80r
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