Fruit & Vegetable Ingredients Market Size, Share, Growth, and Industry Analysis by Type (Concentrates, Pastes & Purees, NFC Juices, Pieces & Powders), By Application (Beverages, Confectionery Products, Ready-to-eat (RTE) Product, Bakery Products, Soups & Sauces, Dairy Products & Others) Regional Forecast to 2027

Updated On: 13 March 2023

REPORT OVERVIEW

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The global fruit & vegetable ingredients market size was USD 200.15994 billion in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with fruit & vegetable ingredients experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to reach USD 300.19955 billion in 2027, exhibiting a CAGR of 6.99% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Around the world, fruit & vegetable ingredients are produced using techniques that help to preserve the raw materials. The raw materials are subjected to open natural processes like fermentation, freezing sunlight, etc. The food industry makes extensive use of root and vegetable ingredients because they help the finished goods have the desired texture. The fruit and vegetable company are responsible for the flavoring of many different food types that have a variety of colors and aromas. The addition of these ingredients helps to enhance both the food's flavor and appearance. These ingredients are very useful in producing a food with a high nutritional value that is consumed by people all over the world.

The health of the consumers is improved by fruit & vegetable ingredients. They are incredibly rich sources of nutrition, which is helping the product grow across many different countries. Because there has been a significant shift in consumers' preferences toward healthy food products, these ingredients are occasionally made with little processing so that consumers have a healthier option. It is believed that eating fruits and vegetables has many positive health effects. There are some diseases that can be avoided, like cancer and cardiovascular disease. Fruits and vegetables are a good source of a number of vitamins and minerals required for growth and development.

COVID-19 Impact: Industry Shutdown Causes Market Distortion

The COVID-19 epidemic caused problems for food companies like volatile markets, a drop in customer confidence, and difficulties with import and export transactions. Markets were shut down and people stayed at home due to the lockdown. However, this sudden demand disrupted the entire market because the necessary materials were not readily available. In addition to having an immediate influence on markets, supply chains, supply and demand, and all of these other things, it also had a financial impact on the markets for food and beverages. Food manufacturers are concentrating on safeguarding their personnel, business processes, and supply chains to deal with this severe scenario. The pandemic impacted the industry dynamics, forcing organizations to revamp their entire operation structures to maintain stability amid the disruptions. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall beverages industry. This has partially impacted the fruit & vegetable ingredients industry.

LATEST TRENDS

"Healthcare & Pharmaceutical Sector to Boost the Market Growth"

The primary trend driving the market is the product's expanding use in the pharmaceutical and healthcare industries. Organic foods like fruits and vegetables are crucial for improving human health. The rise in fruit and vegetable consumption over the forecast period is attributed to a growing understanding of their health benefits. Consumers are becoming more inclined to adopt healthy eating practices as a result of the rising demand for convenience foods that are fortified with an abundance of fruits and vegetables ingredients. Ingredients made from fruits and vegetables are produced all over the world using techniques that protect the source materials. The foundational components of a human daily natural diet are fruits and vegetables. They are widely used as flavoring and coloring agents in the F&B industry for a variety of functions. The demand for natural additives is anticipated to increase due to the packaged and processed food market's rapid growth, which will ultimately fuel the market's overall growth over the forecast period. The industry is anticipated to grow during the forecast period thanks to this trend. Thus, it is anticipated that the increasing demand of product in pharmaceutical sector will increase overall market sales. These new developments and varieties in product are mostly to blame for the market's overall growth.

SEGMENTATION

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• By Types 

Based on type, the market is classified into Concentrates, Pastes & Purees, NFC Juices, Pieces & Powders.

• By Application

Based on the market is categorized into Beverages, Confectionery Products, Ready-to-eat (RTE) Product, Bakery Products, Soups & Sauces, Dairy Products & Others.

DRIVING FACTORS

"Introduction of New Products that Gives the Market Extra Boost"

The introduction of new products and varieties that will fuel the growth of the global market is the primary factor driving the market. Companies can benefit from new product launches in many ways, including by creating new revenue streams, improving their ability to compete in the market, and gaining market share. Due to the rising consumer demand for fruits and vegetable ingredients, more product launches with various varieties are anticipated over the forecast period. The market for fruits and vegetables is seeing an increase in demand due to the introduction of new products and varieties that cater to consumers' evolving tastes and preferences. Customers want distinct flavors that can be used in a variety of food products. Many manufacturers of consumer-packaged goods are adding more fruits and vegetables to their products to encourage customers to adopt a healthier diet. The aforementioned elements will raise demand for the target market during the forecast period. The market demand is anticipated to be driven by all of these factors. As a result, the growth, and the increasing introduction of new products will boost the market. It will contribute to the expansion of the food & beverages industry and it will improve the overall fruit & vegetable ingredients market growth.

"Rising Adoption in Various Industry to Encourage Market Expansion"

Bakery & confectionery, dairy & frozen desserts, sweet & savory snacks, beverages, and others are the industries that use fruits & vegetables. One of these industries, the beverage sector, sees an increase in product usage as a result of growing consumer demand for a variety of beverages, including smoothies, juices, and other options, as well as for plant-based beverages and sport drinks among the younger demographic. A large number of fruits and vegetables are now used in processed foods and RTE products in the bakery and confectionery, dairy and frozen desserts, sweet and savory snacks, and other industries due to changing dietary habits and lifestyle changes. Over the course of the forecast period, the aforementioned factors are anticipated to affect sales of the industry. This will increase demand for the product and help the industry as a whole to expand. The product line expansion is helping the market to grow.

RESTRAINING FACTORS

"Rules & Regulations to Impede Market Expansion"

The numerous rules and regulations of the product are the main factors impeding market expansion. There are numerous laws governing the fruit and vegetable industry in different countries. Making products that match those on the market. The labelling and makeup of fruit & vegetable ingredients are subject to a number of laws and rules. The legal framework of this industry is a barrier to the development of this market because the approval of these ingredients may be a drawn-out process. The overall market sales are impacted by this. Therefore, during the forecast period, these factors are anticipated to restrain market growth. But as time goes on, this issue will be resolved in some way. If this problem is fixed, the market will start to grow right away.

REGIONAL INSIGHTS

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"North America Dominating the Market Across the Globe"

The market for fruit & vegetable ingredients in North America has benefited from the region's expanding industrial development and a number of driving factors that have boosted the potential sectors because this region is the product's primary user. The rising product used in beverages, confectionery products, ready-to-eat (RTE) product, bakery products, soups & sauces & dairy products is boosting the fruit & vegetable ingredients market share. Trends toward rapid urbanization will support the market as a whole even more.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

•   Sensoryeffects Ingredients (U.S.)
•   YAAX International (U.S.)
•   Global Organics (U.S.)
•   Sensient Technologies (U.S.)
•   Doehler (Germany)

REPORT COVERAGE

The market segmentation by type and application is covered in great detail in the study. A wide range of participants, including current and potential market leaders, are examined in the study. A number of significant factors are expected to lead to a sizeable market expansion. In order to gain market insights, the research also looks at factors that could raise the share of fruit & vegetable ingredients market. Forecasts for market growth over the anticipated time period are made in the report. Explaining why one region dominates the global market is the goal of regional research. A number of properly considered factors limit the industry's ability to expand. A strategic analysis of the market is also included in the research. It contains comprehensive market data.