Global Fruit And Vegetable Ingredients Market - Segmented by Source, Application and Geography 2017 - 2022

  • ID: 4387578
  • Report
  • Region: Global
  • 164 pages
  • Mordor Intelligence
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Market Insights

Fruit and vegetable ingredients are projected to be superior and are expected to overtake fresh fruits and vegetables in the future, for the prevention of many diseases. The fruit & vegetable ingredients market is projected to be USD XX billion in 2016, growing at a CAGR of XX% from 2016 to 2021.

The daily consumption of fruits and vegetables aids in preventing key diseases like cardiovascular ailments and certain cancers. Due to low fruit and vegetable consumption, around 1.7 million deaths have been observed across the world in 2014. Vegetables and fruits are comprised of many vitamins and minerals like vitamin A, C and E, zinc, phosphorus, magnesium, and folic acid, which are essential for good health. Apart from having high purities, they also have a significant economic value, due to which, fruit and vegetable ingredients have emblazed a higher demand, globally, over the past few years.

Drivers and Restraints

Booming growth in the market for processed food & beverage industry, due to an increase in the consumption by the bakery, confectionary, and dairy products in developed regions of the world, is escalating the fruit and vegetable ingredients market, globally. Also, growing awareness of health and wellness among consumers, with elevation in income levels of people, has bolstered the sales of vegetables and fruit ingredients as colorants and flavor enhancers. Moreover, an incline in the disposable income of the growing middle-class population in developing countries is also intensifying the demand for fruit and vegetable ingredients. The rise in living standards and changes in lifestyles in developing countries contribute to the development of convenience food & beverage market and consequently impact the fruit & vegetable ingredients market. This is leading to a rapid growth in the snacking trend and driving the market for nutrition bars, fruit snacks, R.T.E. cereals and associated markets, which are flavored with fruit & vegetable ingredients. Keeping in view the benefits provided by fruit and vegetable based ingredients, and rise in demand for natural fruit and vegetable derived products, the governments of different nations are promoting the fruit and vegetable ingredients industry, thus intensifying the overall market.

Market Segmentation

The global fruit and vegetable ingredients market is classified by type into - fruit and vegetable ingredients. Fruit ingredients can be sub-categorized as ingredients extracted from citrus, drupes, berries, pomes, and other seasonal fruits. Citrus fruit ingredients have a good demand in the market, followed by berries and pomes. The vegetable ingredients can be categorized into extractions from leafy vegetables, fruits, roots, tubers, and others, like bulbs and flowers. Due to the importance of customer preference for a healthy diet, roots and tubers like potato and ginger are leading the market, followed by green leafy vegetable based ingredients. Though, both the segments have good demand in the contemporary market, the market is still inclined towards the fruit-based ingredients; since the applications make use of food ingredients more than that of vegetable applications, such as in beverages; for instance, fruit flavored yogurts.

Further, the market is segmented by the type of ingredients, such as NFC juices, purees & pastes, pieces and powders, juice concentrates, flavors and zests and others like sweeteners, wines, oils, etc. NFC juices lead the segment with a high demand in the current market, followed by purees, pastes, flavors, and zests.

The market can also be segmented by the type of application such as beverages, dairy products, bakery & confectionary products, ready-to-eat products, sauces and soups, and others, which include toppings, spreads, dressings, dips, puddings, etc. The application industry majorly drives the market as it ensures the growth in fruit and vegetable ingredients market. Beverages section is anticipated to grow the maximum, owing to innovative products like AUSTRIA JUICE concentrate from AGRANA Group.

Regional Segmentation

The global fruit & vegetable ingredients market can be geographically segmented into North America, Europe, South America, Asia-Pacific, and Africa. Out of the total revenue of global fruit and vegetable ingredients market, the European region captured a major share in 2015, owing to a rapid growth in the processed food and beverage market, due to the consumption of products that contain fruit and vegetable ingredients. The market in the Asia-Pacific region is growing with high opportunities for confectionary and dairy industries. There is a good demand for fruit and vegetable ingredients due to the industrial development in the region. Major players in this market are focusing mainly on R&D initiatives and development of new products, to serve the needs of customers. Also, surging food & beverage industry is expected to have its impact on the demand for fruit and vegetable ingredients in the foreseeable period. In comparison to the mature markets of developed countries, Asia-Pacific, and other emerging countries are projected to grow at a rapid pace in the forthcoming years.

Key Players

Recent Insights

“ADM, GLG Partner to Bring Low-Calorie Stevia, Monk Fruit Sweeteners to Customers Worldwide.”

“SunOpta Rebrands Citrus Extraction and Ingredients Operation as Fresh Pressed Industries(TM)”

“SunOpta Inc. Enhances Fruit Snack Capabilities with Accretive Acquisition of Niagara Natural Fruit Snack Company Inc.”

Future Spotlight

The surge in consumption of processed food & beverage products in developed and developing countries, with increase in the demand for health-oriented products, is anticipated to fuel the demand for natural ingredients, like fruits & vegetables, for their multiple health benefits.

To retain the competitive superiority in fruit and vegetable ingredients industry, the major players are choosing acquisition as a key strategy to enter the new and untouched markets; developing a new customer base for long-term client rapport and acquiring the local and small players of the industry. This has not only paved the way for major players in the global fruit and vegetable ingredients industry to extend their geographical presence, but has also escalated their market position by gaining a major chunk of the revenue and product range. New product launches have also helped key players in strengthening their product portfolio.

The leading companies in the global market include -

Key Deliverables:

Market analysis for the global fruits and vegetable ingredients market, with region specific assessments and competition analysis.

Market definition along with the identification of key drivers and restraints.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market.

Extensively researched competitive landscape section with profiles of major companies along with their market share.

Identification and analysis of the macro and micro factors that affect the global fruits and vegetable ingredients market.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

Insights on the major regions in the country where this industry is growing and also identify the regions that are still untapped.
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1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definitions
2. Research Approach and Methodology
2.1 Introduction
2.2 Research Design
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modelling
2.4.4 Expert Validation
3. Market Overview
3.1 Market Dynamics
3.1.1 Drivers
3.1.1.1 Growth in Processed Food & Beverage Industry
3.1.1.2 Increasing Consumption of Confectionary, Bakery and Dairy Products
3.1.1.3 Disposable Income of the Growing Middle-Class Population
3.1.1.4 National Fruit & Vegetable Promotion Programs
3.1.2 Restraints
3.1.2.1 Seasonal Variations in The Supply of Raw Materials
3.1.2.2 Stringent Food Safety Legislations
3.1.2.3 Loss of Nutrients Due to Processing
3.1.2.4 Methods to Increase Shelf Life Cause Impacts on Health
3.1.3 Opportunities
3.1.3.1 Globalisation and Civilization
3.1.3.2 Health and Wellness Awareness
3.1.4 Porter Five Forces Analysis
3.1.4.1 Bargaining Power of Suppliers
3.1.4.2 Bargaining Power of Buyers
3.1.4.3 Threat of New Entrants
3.1.4.4 Threat of Substitute Products and Services
3.1.4.5 Degree of Competition
4. Market Segmentation
4.1 By Ingredient Type
4.1.1 Fruit
4.1.1.1 Citrus fruits
4.1.1.2 Drupes
4.1.1.3 Berries
4.1.1.4 Pomes
4.1.1.5 Others (seasonal fruits)
4.1.2 Vegetables
4.1.2.1 Leafy Vegetable
4.1.2.2 Root
4.1.2.3 Solanaceous
4.1.2.4 Tubers
4.1.2.5 Others (Bulbs, Flowers)
4.2 By Product Type
4.2.1 Concentrates
4.2.2 Pastes & Purees
4.2.3 Pieces & Powders
4.2.4 NFC Juices
4.2.5 Flavors and Zests
4.2.6 Others (Sweeteners, Wines, Oils)
4.3 By Application
4.3.1 Beverages
4.3.2 Confectionery Products
4.3.3 Bakery Products
4.3.4 Soups & Sauces
4.3.5 Dairy Products
4.3.6 R.T.E. Products
4.4 By Region
4.4.1 North America
4.4.1.1 US
4.4.1.2 Mexico
4.4.1.3 Canada
4.4.1.4 Others
4.4.2 Europe
4.4.2.1 UK
4.4.2.2 France
4.4.2.3 Germany
4.4.2.4 France
4.4.2.5 Italy
4.4.2.6 Spain
4.4.2.7 Others
4.4.3 Asia-Pacific
4.4.3.1 India
4.4.3.2 China
4.4.3.3 Japan
4.4.3.4 Australia
4.4.3.5 Others
4.4.4 South America
4.4.4.1 Brazil
4.4.4.2 Argentina
4.4.4.3 Mexico
4.4.5 Africa
4.4.5.1 South africa
4.4.5.2 Egypt
4.4.5.3 Others
5. Competitive Landscape
5.1 Strategies Adopted by Key Players
5.2 Most Active Companies in The Past Five Years
5.3 Market Share Analysis
6. Company Profiles
6.1 Agrana Group
6.2 Archer Daniels Midland Company
6.3 Taura Natural food ingredients
6.4 Kanegrade Natural ingredients
6.5 Sensient Technologies Corporation
6.6 Olam International Limited
6.7 Sunopta, Inc.
6.8 Diana S.A.S
6.9 Doehler Group
6.10 Sensoryeffects Ingredient Solutions
6.11 Svz International B.V.
6.12 Compleat food ingredients
6.13 Yaax International ltd
6.14 Concord foods
6.15 Cargill Inc.
6.16 DMH Ingredients, Inc.
7. appendix
7.1 Disclaimer
7.2 Sources
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