Fruit and vegetable ingredients are natural food additives extracted from various fruits and vegetables to enhance the nutrition quotient, texture, flavor and color of food products. They provide various health benefits such as improving cardiovascular health, weight management and reducing the risk of cancer. With growing health consciousness, consumers are increasingly demanding for food products containing fruit and vegetable ingredients. The global Fruit and Vegetable Ingredients Market is estimated to be valued at US$ 120 Billion in 2023 and is expected to exhibit a CAGR of 22% over the forecast period 2023-2028, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising focus on health and wellness among consumers has accelerated the demand for fruit and vegetable ingredients globally. Consumers are more inclined towards foods that are natural and offer nutritional benefits. As a result, food manufacturers are increasingly incorporating fruit and vegetable ingredients in a variety of food products such as bakery, confectionery, beverages, snacks, dairy etc. Further, advancements in extraction technologies have enabled efficient extraction of various bioactive compounds from fruits and vegetables, which is encouraging their use in pharmaceuticals and cosmetics industry.
Segment Analysis
The global fruit and vegetable ingredients market is dominated by the concentrates segment. Fruit and vegetable concentrates offer convenience to product manufacturers as they help reduce costs and improve product shelf life. The concentrates segment is dominating as concentrates allow consuming fresh fruit and vegetable attributes in packaged food products throughout the year.
Key Takeaways
The global fruit and vegetable ingredients market growth is expected to witness high growth.
Regional analysis
related content comprises the Asia Pacific region is expected to be the fastest growing market for fruit and vegetable ingredients. Countries like India, China, and Japan are dominating the Asia Pacific market due to increasing health consciousness.
Key players
related content comprises Key players operating in the fruit and vegetable ingredients market are Archer Daniels Midland Company, Olam International, Kerry Group, SunOpta, Symrise, Dohler, AGRANA Group, and Sensient TechnologiesKey Takeaways
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