According to a new market report published by Lucintel, the future of the fruit & vegetable ingredient market looks promising with opportunities in beverages, confectionery, bakery, soups & sauces, and dairy products. The global fruit & vegetable ingredient market is expected to grow with a CAGR of 6% from 2020 to 2025. The major drivers for this market are changing consumer preferences, increasing disposable income, and rapid urbanization.
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Fruit & vegetable ingredients are derivatives of vegetables anf fruits which are used in various food items. In this market, concentrates, pastes & purees, juices, and pieces & powders are the major types of fruit & vegetable ingredient. Lucintel forecasts that concentrates will remain the largest type segment over the forecast period, as there is a large demand for concentrates in the fruit juice industry and other prepared food products.
Within this market, beverages will remain the largest application segment over the forecast period due to changing dietary patterns of consumers’ lifestyle.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to investments from key players in the market, especially in China and India, low-cost labor, and relatively low priced fruit & vegetable ingredients in this region.
Archer Daniels Midland Company, Kerry, AGRANA, Döhler, SunOpta, Olam International, DIANA, SVZ International, Sensient Technologies, and SensoryEffects Ingredient Solutions are among the major suppliers in the global fruit & vegetable ingredient market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global fruit & vegetable ingredient market by category, type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Fruit & Vegetable Ingredient Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global fruit & vegetable ingredient market by category, type, application, and region as follows:
By Category [Value ($ Million) shipment analysis for 2014 – 2025]:
By Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Concentrates
Pastes & Purees
Juices
Pieces & Powders
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Beverages
Confectionery
Ready to Eat
Bakery
Soups & Sauces
Dairy Products
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.