Latest Research Report On Fruit And Vegetable Ingredients Market With Included Analysis Of New Trends, Updates, And Forecast To 2033

The fruit and vegetable ingredients market size has grown strongly in recent years. It will grow from $221.27 billion in 2023 to $234.62 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to health awareness, clean label movement, flavor and taste enhancement, rise in vegetarian and vegan diets, shifting consumer preferences.

The fruit and vegetable ingredients market size is expected to see strong growth in the next few years. It will grow to $304.14 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rising demand for natural food additives, innovative product development, convenience and ready-to-eat solutions, expansion in global markets, changing consumer dietary patterns. Major trends in the forecast period include global culinary fusion, sustainable sourcing and production, convenience and snacking trends, functional foods and ingredients, plant-based and vegan diets.

Market Overview -
The fruit and vegetable ingredients are obtained from the various fruits and vegetables to be further utilize in different food and beverage applications. It is used to produce food products such as soft drinks, alcoholic beverages, dairy products, snacks, and others. It is a specially designed element for food items that ensures the best quality and stability in terms of color, flavor, texture, and nutritional value.

Download Free Sample of Report -

https://www.thebusinessresearchcompany.com/sample.aspx?id=8260&type=smp

Plant-Based Food Boom Drives Fruit And Vegetable Ingredients Market
The increase in demand for plant-based foods is expected to propel the fruit and vegetable ingredients market. Plant-based foods are primarily made of whole or minimally processed plant parts, such as grains, nuts, seeds, and other whole or unprocessed foods such as fruits and vegetables. Consumer behavior has changed significantly due to the COVID-19 epidemic toward more wholesome foods to increase immunity, which aids in battling the virus. Consuming these fruit and vegetable ingredients, which offer various nutritional advantages, could help consumers attain their increased focus on overall wellness. The increasing awareness of being vegan among consumers is growing as consumers depend on plant-based foods or processed vegan foods that have fruit and vegetable ingredients with rich nutritional values. For Instance, In January 2022, according to the Good Food Institute, a US-based non-profit organization, retail sales of plant-based substitutes increased twice in the US in 2020. Additionally, sales of plant-based meat substitutes increased by 45%. Furthermore, according to Grubhub, a US-based food delivery firm, orders for vegan meal delivery increased by 17% in June 2021 compared to June 2020. The orders for plant-based burgers increased by 28%, while orders for vegetarian cuisine increased by 55%. Therefore, the demand for plant-based foods will drive the fruit and vegetable ingredients market.

Competitive Landscape -
Major companies operating in the fruit and vegetable ingredients market report are AGRANA Beteiligungs-AG, Archer Daniels Midland Company, Tate & Lyle plc, Olam International Limited, Ingredion Incorporated, Cargill Incorporated, Döhler GmbH, Sensient Technologies Corporation, SunOpta Inc., Diana Food SAS, SVZ Industrial Fruit & Vegetable Ingredients Inc., Kanegrade Ltd., FruitSmart Inc., Milne Fruit Products Inc., Tree Top Inc., Welch Foods Inc., Frutarom Industries Ltd., Givaudan SA, Symrise AG, Firmenich SA, International Flavors & Fragrances Inc., Takasago International Corporation, Mane SA, Kerry Group plc, Taura Natural Ingredients, Paradise Fruits Solutions GmbH, Van Drunen Farms, Kiril Mischeff Ltd.

Innovative Trends In The Food And Vegetable Ingredients Market
Product innovation is the key trend in the fruit and vegetable ingredients market. Major companies operating in the food and vegetable ingredients market are focused on innovating new products to strengthen their market position. Product innovation allows businesses to remain relevant to their customers' needs while developing and improving over time. For instance, In September 2021, Koa Switzerland, a Switzerland-based start-up company operating in the food and vegetable ingredients market, partnered with French-based chocolate manufacturer Valrhona to create Oabika. Oabika is a concentration made from the white pulp that coats and protects the beans in the cocoa pod. It is filtered, pasteurized, and gradually lowered to 72 degrees Brix to generate a 100% cocoa pulp concentrate. Due to its distinct aroma and flavor is used in various applications, including ganaches, jellies, sauces, glazes, ice creams, and others.

Browse Full Report @

https://www.thebusinessresearchcompany.com/report/fruit-and-vegetable-ingredients-global-market-report

Key Segments -

The fruit and vegetable ingredients market covered in this report is segmented -

1) By Type: Concentrates, NFC Juices, Pastes And Purees, Pieces And Powders
2) By Nature: Organic, Conventional
3) By Category: Fruits, Vegetables
4) By Application: Bakery Products, Confectionery Products, Dairy Products, RTE Products, Soups And Sauces, Beverages, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.