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Fruit & Vegetable Ingredient Market

Market Insights on Fruit & Vegetable Ingredient covering sales outlook, demand forecast & up-to-date key trends

Fruit & Vegetable Ingredient Market By Product Type, Ingredient, End-Use Application & Region - Forecast 2022-2032

Fruit & Vegetable Ingredient Market Outlook (2022-2032)

The Fruit & Vegetable Ingredient market is valued at USD 233.8 Bn in 2022 and is projected to grow at a CAGR of 5.2% during the forecast period, to reach a value of USD 388.5 Bn by 2032. Newly released data from Future Market Insights market analysis shows that global Fruit & Vegetable Ingredient demand is projected to grow year-on-year (Y-o-Y) growth of 3.4% in 2022.

Market Size Value in 2022

USD 10.2 Bn

Market Forecast Value in 2032

USD 15.9 Bn

Global Growth Rate (2022 to 2032)

5.2% CAGR

Forecast Period

2022-2032

Collective Value Share: Top 3 Countries (2021A)

41.4%

For improving human health, fruits and vegetables are dietary products that are crucial. The eating of fruits and vegetables is thought to provide numerous health benefits. Cancer and cardiovascular disease prevention are a couple of them. A good supply of several vitamins and minerals necessary for growth and development is found in fruits and vegetables.

They assist in lowering the risk of numerous diseases, including cancer prevention. The fact that ingredients from plant-based sources like fruit and vegetables can prevent cancer makes them very protective. As a result of these health advantages, the demand for fruits and vegetable ingredients has increased globally. Over the projection period, the market for fruits and vegetables as ingredients would grow.

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2017-2021 Fruit & Vegetable Ingredient Market Outlook Compared to 2022-2032 Forecast

The market grew with a CAGR of 4.5% between 2017 and 21 due to the worldwide industry's growth in spreading customer awareness of the benefits of consuming fruits and vegetables for their health. Due to modern consumers' increased awareness of the quality of the food they consume, the consumption of fresh fruits and vegetables is moving to that of fruits and vegetable ingredients, which will help the market grow enormously between 2017 and 2022.

Additionally, as consumers recognize the value of natural products, consumers are increasing their intake of fruits and vegetables, this element will support an increase in worldwide demand for fruits and vegetable ingredients.

Global demand for fruits and vegetable ingredients is being driven by the strong growth of the processed food and beverage industry as well as the need for confectionary and bakery goods in industrialized nations like the EU and North America. In addition, rising disposable income in developing nations like China and India is anticipated to support market expansion in the future.

Fruit & Vegetable Ingredient Applications in the Pharmaceuticals and Healthcare Industry

The market for Fruit & Vegetable ingredients is expected to rise thanks to the processed food and beverage sector's rapid expansion. The demand for R.T.E. cereals, nutrition bars, and beverages is increasing as a result of rising per capita income and the growing practice of snacking between meals (especially those that are derived from natural sources). Over the past two decades, consumer preferences in growing nations like China, India, Brazil, and the Middle East have increasingly shifted away from traditional handmade breakfast and snacks in favor of manufactured foods & meals.

Additionally, consumers are more conscious about the food they consume. They wish to learn more about the components and nutritional value of the processed food and beverage items they have purchased. The emphasis on consuming healthier food and beverage products has increased due to the growth in health-related problems. For better health, consumers are emphasizing non-GMO, organic, chemical-free, and clean-label products. These factors have expanded the range of natural substances derived from fruits and vegetables that can be used in place of synthetic colors and flavors.

Nandini Roy Choudhury
Nandini Roy Choudhury
Principal Consultant
LinkedIn
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Country-wise Insights

U.S. to Uplift Demand for Fruit & Vegetable Ingredients Market

By the end of 2032, the U.S. is anticipated to hold around 75% of the market's revenue value shares in the North American Fruit & Vegetable ingredient market. To maintain a balanced diet, consumers prefer natural and low-fat foods in developed nations like the US and Canada. Fruit & Vegetable ingredients are rich in nutrients and have low fat and processed sugar content. As a result, the demand is anticipated to expand significantly throughout the forecast period (2022-2032).

India and China to dominate the APAC Fruit Vegetable Ingredients Market

A lucrative market for Fruit & Vegetable ingredients has already developed in Asia, and it has great potential to grow even more in the years to come. South Asia is expected to experience significant growth during the assessment period. Demand for juices and shakes with increased flavor and taste is being driven by changing lifestyles and rising consumer purchasing power. This is then anticipated to propel the market expansion. The largest market value share of South Asia and East Asia is anticipated to be shared by India and China, respectively.

Category-wise Insights

Animal Feed to Gain Traction in the Fruits & Vegetable Ingredient Market

Fruits and vegetables are utilized more frequently in animal feed because they are rich in soluble sugars, fiber, and pectin. Due to its high nutritional value, it makes a viable substitute for synthetic feed additives, preservatives, and water supplements. Over the projection period, this is anticipated to lead to an increase in demand for the ingredient made from fruits and vegetables (2022-2032).

Indirect Channel to Remain Dominant in the Fruits & Vegetable Ingredient Market

In the market for fruits and vegetables as ingredients, indirect sales are more commonplace than direct sales. The indirect sales channel is gaining traction as fruit juice and shake markets grow. It is anticipated to continue demonstrating rapid growth for the duration of the projection period (2022-2032).

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Competitive Landscape

The presence of various prominent players such as AGRANA Beteiligungs-AG, ADM, Tate & Lyle, Olam International, Ingredion, Döhler, SunOpta Inc., Balchem ingredient solutions, Cargill, and others have increased the competition in the market. Fruit & vegetable ingredients manufacturers are focusing on introducing and innovating a wide variety of products to increase their consumer base and gain a competitive advantage.

Scope of Report

Attribute

Details

Market Size Value in 2022

USD 233.8 Bn

Market Forecast Value in 2032

USD 388.5 Bn

Global Growth Rate

5.2% CAGR

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

MT for Volume and USD Bn for Value

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA

Key Countries Covered

United States, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, UK, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, North Africa, and others

Key Market Segments Covered

Product Type, Ingredient, End-Use Application

Key Companies Profiled

  • AGRANA Beteiligungs-AG
  • ADM
  • Tate & Lyle
  • Olam International
  • Ingredion
  • Döhler
  • SunOpta Inc.
  • Balchem ingredient solutions
  • Cargill
  • Kerry Group
  • Sensient Technologies Corporation
  • Symrise
  • Others

Pricing

Available upon Request

Fruit & Vegetable Ingredient Market by Category

By Product Type:

  • Concentrates
  • Pastes and Purees
  • Pieces and Powders
  • NFC Juices

By Form:

  • Fruit
  • Vegetable

By End Use:

  • Beverages
  • Confectionery Products
  • Bakery Products
  • Soups and Sauces
  • Dairy Products
  • RTE Products

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Frequently Asked Questions

The Fruit & Vegetable Ingredient market is estimated to reach sales of nearly USD 233.8 Bn by 2022.

Fruit & Vegetable Ingredient market revenue is expected to increase at a CAGR of around 5.2% during the period 2022-2032.

Fruit & Vegetable Ingredient sales increased a CAGR of around 4.5% over the past half-decade.

The global Fruit & Vegetable Ingredient market value is estimated to be around USD 388.5 Bn in 2032.

The top countries driving the Fruit & Vegetable Ingredient demand are the US, Germany, China, and the UK.

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Nandini Roy Choudhury
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Fruit & Vegetable Ingredient Market