07-Oct-2021 | Zion Market Research
Major companies 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 and Döhler Group SE among others. These players are set to bolster the development of the global Fruit & Vegetable Ingredients Market.
According to analysts at Zion Market Research, the global Fruit & Vegetable Ingredients market accounted for USD 199.10 Billion in 2020 and is expected to reach USD 335.74 Billion by 2028, growing at a CAGR of 6.8% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Fruit & Vegetable Ingredients Market By Category (Fruits and Vegetables), By Type (Concentrates, Pastes and Purees, Not-From-Concentrate Juices, Pieces and Powders), By Application (Beverages, Confectionery Products, Ready-To-Eat Products, Bakery Products, Soups and Sauces, Dairy Products and Others), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Altering Lifestyles of Consumers to Propel Growth
Major factors attributing to the boost of the global Fruit & Vegetable Ingredients market are altering lifestyles of consumers, R&D & product developments, and the rising requirement of Fruit & Vegetable Ingredients in various industries such as confectionery, dairy, R.T.E. products, beverages, and bakery products.
The other few factors contributing to the growth of the market include changing eating habits to snack meals from the traditional home-based breakfast, growing need for natural ingredients owing to rising consumer alertness, and health advantages associated with these ingredients.
Enormous Demand from End-users to Assist Europe Growth
Europe has been dominating the global Fruit & Vegetable Ingredients market. This dominance can be attributed to the enormous demand from end-users, in the region. Europe has fast-growing processed food & beverage market and the use of products that have Fruit & Vegetable Ingredients, is on the rise, in the region.
Subsequently, Asia-Pacific region is expected to grow at a high rate, in the market, in the near future. The growth of the market in this region can be attributed to the increasing expendable income with rising purchasing capability, growing urbanization, and developments in food technology, and increasing middle-class population.
Browse the full “Fruit & Vegetable Ingredients Market By Category (Fruits and Vegetables), By Type (Concentrates, Pastes and Purees, Not-From-Concentrate Juices, Pieces and Powders), By Application (Beverages, Confectionery Products, Ready-To-Eat Products, Bakery Products, Soups and Sauces, Dairy Products and Others), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/fruit-vegetable-ingredients-market
The Global Fruit & Vegetable Ingredients Market is segmented as follows:
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