Fruit & Vegetable Ingredients Market Size, Share, Value and Forecast 2032

Fruit & Vegetable Ingredients Market Insights

According to Zion Market Research, the global Fruit & Vegetable Ingredients Market was worth USD 261.95 Billion in 2023. The market is forecast to reach USD 463.75 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Fruit & Vegetable Ingredients Market industry over the next decade.

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Fruit & Vegetable Ingredients Market: Overview

Fruits and Vegetables together make up a balanced diet. They provide carbohydrates, proteins, vitamins and minerals essential for growth and development. Their deficiency can lead to a multitude of nutrition-related conditions. With growing population, the demand for Fruits and Vegetables has been ceaseless. Additionally, the growing population requires Fruits & Vegetables in a wide range of varieties such as Concentrates, Pastes, and Powders among others, for efficiency and convenience. Due to this, there has been a growing focus on Fruit & Vegetable Ingredients.

Rising awareness and economic growth are the key factors that are augmenting the global Fruit & Vegetable Ingredients Market. Increasing occurrences of a myriad of nutrition-related diseases and conditions will advance the market for Fruit & Vegetable Ingredients, during the forecast period.

COVID-19 Impact Analysis

Before the COVID-19 pandemic, companies in the fruit & vegetable Ingredients market were expanding at a steady pace. However, during the pandemic, the demand for Fruit & vegetable ingredients dropped significantly. This can be accredited to the worldwide lockdown, business shutdowns, travel bans and import and export restrictions.

Due to the lockdown, there was a disruption in the supply chain of food products, which had a significant impact on the food and beverage industry. Additionally, due to the lockdown, commercial places like restaurants, fast food joints, diners, and malls among others were shut down. This reduced the consumption of a wide range of food items. All these factors had a cumulative impact on the Fruit & Vegetable Ingredients market, which declined significantly. However, the pandemic also highlighted the significance of health awareness and the consumption of healthy foods. This, in turn, will enhance the Fruit & Vegetable Ingredients Market, in the coming years.

Fruit & Vegetable Ingredients Market: Growth Factors

The rising prevalence of nutrition-related diseases, increased health awareness, changing lifestyle patterns and enhanced product innovations are some of the key factors that drive the Fruit & Vegetable Ingredients market, globally. The world population, currently, is struggling with a large number of nutrition-related diseases such as diabetes, cardiovascular diseases, and hypertension among others. Due to the high prevalence of these diseases, there has been an increase in health awareness which promotes the consumption of health-conscious food products. This, in turn, advances the market for Fruit & Vegetable Ingredients.

Subsequently, with enhanced product innovations, novel food and beverage products are being launched in the markets. Furthermore, changing lifestyle patterns promote the use of frozen food products, ready to eat meals and quick to make food items, among others. This further advances the market for Fruit & Vegetable Ingredients. 

Type Segment Analysis Preview

The Concentrates segment held a share of over 36% in 2020. This can be accredited to their features that include the provision of a wide range of food concentrates, their nutritional value, ease of consumption, and the presence of natural, organic, and healthy ingredients. Owing to these features, there is a tremendous demand for Fruit & Vegetable Ingredients, from the Beverage sector.

Subsequently, the Pastes and Powders segment contributes to the Fruit & Vegetable Ingredients market, majorly. This can be attributed to their ability of being incorporated into a wide range of food products. Additionally, they are cost-efficient, easy to use, have enhanced flavors and can be readily utilized. Pastes and Powders can be used as seasoning, as base for meals, as flavor-enhancing agents, and as ready-to-eat meals, among others. Due to their wide range of applications, they are extensively utilized and thus, promote the market for Fruit & Vegetable Ingredients, in the Pastes and Powders segment.

Application Segment Analysis Preview

The beverages segment is anticipated to grow with a CAGR of over 4.3% between 2021 and 2028. This is attributable to the accelerated health and nutrition awareness. With the rising prevalence of nutrition-related diseases, awareness regarding the consumption of healthy beverages has been on the rise. This advances the market for Beverage related Fruit & Vegetable Ingredients.

Subsequently, the Bakery Products segment is expected to become one of the largest consumers of the Fruit & Vegetable Ingredients markets, during the forecast period. This is attributable to the changing dietary patterns and improved lifestyle standards. There has been a dynamic shift in the dietary patterns over the years. Due to improved living standards, the world has been exploring novel places and their cuisines, to enhance their cultural knowledge and approach. This results in the increased consumption of new as well as traditional baked goods. This, in turn, enhances the market for Fruit & Vegetable Ingredients, in the Bakery Products Segment.

Fruit & Vegetable Ingredients Market: Report Scope

Fruit & Vegetable Ingredients Market: Regional Analysis Preview

The Europe region held a substantial share in 2020 and is expected to become one of the largest Fruit & Vegetable Ingredients markets’ globally, during the forecast period. This massive growth can be credited to factors such as economic growth, high disposable incomes, and enhanced lifestyle standards, in the region.

The region is undergoing economic development, which has resulted in increased disposable incomes, for its residents, and enhanced lifestyle standards. Owing to this, there has been a significant rise in the Bakery, Confectionery and Beverage sectors. These industries utilize Fruit & Vegetable Ingredients, in their products. This, in turn, enhances the growth of the Fruit & Vegetable Ingredients market, in the region. Additionally, the region is experiencing a transition in their eating habits as the dependency of residents is increasing on ready to eat meals and frozen food products. These items are dependent on Fruit & Vegetable Ingredients, for the making of their end products.

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The Asia Pacific region is highly populated. To cater to the increasing nutrition needs of the growing population, the manufacturing and supply of the Food and Beverages industry has been on the rise, in the region. This, in turn, enhances the market for Fruit & Vegetable Ingredients as they are predominantly utilized in the Food and Beverages industry.

Additionally, the region is experiencing increased health awareness due to the rising health-conscious trend. Due to this, residents of the region are focusing on consuming nutrient rich and healthy food products. This advances the market for organic and nutritious Fruit & Vegetable Ingredients.

Fruit & Vegetable Ingredients Market: Key Players & Competitive Landscape

Some of the key players in the Fruit & Vegetable Ingredients market are

• Archer Daniels Midland Company
• Sensient Technologies Corporation
• Balchem Corporation
• Olam International
• Cargill Inc.
• Tate & Lyle Plc
• Agrana Group
• SVZ International B.V
• Kerry Group Plc
• Döhler Group SE

The global Fruit & Vegetable Ingredients Market is segmented as follows:

By Category

• Fruits
• Vegetables

By Type

• Concentrates
• Pastes and Purees
• Not-From-Concentrate (NFC) Juices
• Pieces and Powders

By Application

• Beverages
• Confectionery Products
• Ready-To-Eat (RTE) Products
• Bakery Products
• Soups and Sauces
• Dairy Products
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa