Fruit and vegetable market in South America region is expected to register a CAGR of 4.51% during the forecasted period (2018-2023). The rise of tourism along with the hotel and restaurant industry in South America, is opening up new avenues and a demand of innovative fruit and vegetable ingredients in South America, to make final dishes appealing to foreigners, and also to meet the needs of fast altering local consumer’s tastes and preferences.
South America Fruit and Vegetable Ingredient Market Dynamics
The fruit and vegetable ingredient market in South America is driven by the growth of lower and middle income population in South America, particularly the youth and working women segment in this region, which is triggering new consumer food trends marked by the growth in the consumption of processed foods and beverage products, which in turn are using fruit and vegetable ingredients in large quantities to add flavor to their end products.
Expanding opportunities in the South American fruit and vegetable ingredient market can be attributed to the increasing demand for enhanced nutritional and organic products due to the growing obesity trends in South America. This is increasing the demand for fruit and vegetable ingredient, whose suppliers are manufacturing these quality products, which can be added in fortified food and beverage products.
The viability and week infrastructure of cold storages in South America is effecting the storage of fruits and vegetables, which in turn is effecting the production of fruit and vegetable ingredients in South American countries thus, increasing the prices of these products.
South America Fruit and Vegetable Ingredient Market Segmentation
The South America fruit and vegetable ingredient market is segmented on the basis of ingredient type (fruit and vegetables), product type (concentrates, pastes and purees, pieces and powders NFC juices), and application (beverages, confectionery products, bakery products, soups and sauces, dairy products, R.T.E. product). The application of frozen strawberry in ice cream, jam, and dairy industry among others is prominent in Brazil. Furthermore, ingredients sourced from new fruits, such as pineapple, blackberry, and passion fruit are also being included by the processing companies in their product portfolio toward the development of new product lines. Moreover, frozen fruit pulps are being introduced for the eat-out market.
Argentina garlic is being heavily imported by the North American countries to make several kinds of pastes and powders, which is mainly designed toward convenient cooking and applications in processed food. The demand is high during winters when the consumption of garlic is high and the weather is not suitable for cultivating garlic in the North American countries.
South America Fruit and Vegetable Ingredient Market-Regional Analysis
The South American fruit and vegetable ingredient market is segmented on the basis of the following countries such that Brazil, Argentina and other South American countries. South American consumers are observed to be more inclined toward branded and uniform quality fruit and vegetable ingredient products, which are available at reasonable prices. This leads to a challenge for a new entry into the market as it needs to gain consumer confidence by providing standardized products with timely supply.
Brazil is a leading global market player in the production of frozen concentrated orange juice along with soybeans and corn extracts. The food processing industry in Brazil is eminent, diversified, and characterized by international standards. Fruit and vegetable pulps, juices, icy, concentrates are being produced by the food processing companies in Brazil.
Soft drink companies, such as Coco-Cola and others are serving as important customers for the concentrated fruit and vegetable juices manufactured by ingredient processing companies in Argentina.
Key Developments in the Market
South America Fruit and Vegetable Ingredient Market Competitive Landscape
Some of the leading manufacturers and suppliers of the fruit and vegetable ingredient in the South America are Cargill Incorporated, Archer Daniels Midland Company and Olam International. The major companies in the South America fruit and vegetable ingredient market are majorly focused on developing innovative product launches to cater to the increasing demand of end users and end-user industries for tailored formulations, using farm fresh fruits and vegetables.
Major Players: SunOpta, Archer Daniels Midland Company, Frutarom, Sensient Technologies Corporation, AGRANA Beteiligungs-AG, Symrise, Cargill Incorporated, Olam International, Dohler and among others
Reasons to Purchase the Report
Customization of the Report
This product will be delivered within 2 business days.
South America Fruit and Vegetable Ingredient Market Dynamics
The fruit and vegetable ingredient market in South America is driven by the growth of lower and middle income population in South America, particularly the youth and working women segment in this region, which is triggering new consumer food trends marked by the growth in the consumption of processed foods and beverage products, which in turn are using fruit and vegetable ingredients in large quantities to add flavor to their end products.
Expanding opportunities in the South American fruit and vegetable ingredient market can be attributed to the increasing demand for enhanced nutritional and organic products due to the growing obesity trends in South America. This is increasing the demand for fruit and vegetable ingredient, whose suppliers are manufacturing these quality products, which can be added in fortified food and beverage products.
The viability and week infrastructure of cold storages in South America is effecting the storage of fruits and vegetables, which in turn is effecting the production of fruit and vegetable ingredients in South American countries thus, increasing the prices of these products.
South America Fruit and Vegetable Ingredient Market Segmentation
The South America fruit and vegetable ingredient market is segmented on the basis of ingredient type (fruit and vegetables), product type (concentrates, pastes and purees, pieces and powders NFC juices), and application (beverages, confectionery products, bakery products, soups and sauces, dairy products, R.T.E. product). The application of frozen strawberry in ice cream, jam, and dairy industry among others is prominent in Brazil. Furthermore, ingredients sourced from new fruits, such as pineapple, blackberry, and passion fruit are also being included by the processing companies in their product portfolio toward the development of new product lines. Moreover, frozen fruit pulps are being introduced for the eat-out market.
Argentina garlic is being heavily imported by the North American countries to make several kinds of pastes and powders, which is mainly designed toward convenient cooking and applications in processed food. The demand is high during winters when the consumption of garlic is high and the weather is not suitable for cultivating garlic in the North American countries.
South America Fruit and Vegetable Ingredient Market-Regional Analysis
The South American fruit and vegetable ingredient market is segmented on the basis of the following countries such that Brazil, Argentina and other South American countries. South American consumers are observed to be more inclined toward branded and uniform quality fruit and vegetable ingredient products, which are available at reasonable prices. This leads to a challenge for a new entry into the market as it needs to gain consumer confidence by providing standardized products with timely supply.
Brazil is a leading global market player in the production of frozen concentrated orange juice along with soybeans and corn extracts. The food processing industry in Brazil is eminent, diversified, and characterized by international standards. Fruit and vegetable pulps, juices, icy, concentrates are being produced by the food processing companies in Brazil.
Soft drink companies, such as Coco-Cola and others are serving as important customers for the concentrated fruit and vegetable juices manufactured by ingredient processing companies in Argentina.
Key Developments in the Market
- June 2017 - Dohler acquired Cargill’s Brazilian fruit processing unit to increase its footprint in the South American region. This acquisition by Dohler was made to increase its presence in the South American market by increasing its production in the region.
South America Fruit and Vegetable Ingredient Market Competitive Landscape
Some of the leading manufacturers and suppliers of the fruit and vegetable ingredient in the South America are Cargill Incorporated, Archer Daniels Midland Company and Olam International. The major companies in the South America fruit and vegetable ingredient market are majorly focused on developing innovative product launches to cater to the increasing demand of end users and end-user industries for tailored formulations, using farm fresh fruits and vegetables.
Major Players: SunOpta, Archer Daniels Midland Company, Frutarom, Sensient Technologies Corporation, AGRANA Beteiligungs-AG, Symrise, Cargill Incorporated, Olam International, Dohler and among others
Reasons to Purchase the Report
- Analyzing outlook of the market with the recent trends and Porter’s five forces analysis.
- Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come.
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players.
- 3 months analyst supports along with the Market Estimates sheet (in Excel).
Customization of the Report
- Value chain analysis
- Consumer behavior analysis in country level
- This report can be customized to meet your requirements. Please connect with our Customer Service Team, who will ensure you get a report that suits your needs.
This product will be delivered within 2 business days.
Table of Contents
1. Introduction
2. South America Fruit & Vegetable Ingredient Market Insights
3. South America Fruit & Vegetable Ingredient Market Dynamics
4. South America Fruit & Vegetable Ingredient Market Segmentation
5. South America Fruit & Vegetable Ingredient Regional Segmentation and Analysis (Market Size in USD million, 2015-2023)
6. South America Fruit & Vegetable Ingredient Competitive Landscape
7. South America Fruit & Vegetable Ingredient Company Profiles
8. Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- SunOpta
- Archer Daniels Midland Company
- Frutarom
- Sensient Technologies Corporation
- Cargill Incorporated
- AGRANA Beteiligungs-AG
- Symrise
- Olam International
- Dohler
Methodology
LOADING...
