Fruit And Vegetable Ingredients Market Growth Accelerated By Rising Focus On Health And Wellness
Fruit And Vegetable Ingredients Market |
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 analysis 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 Technologies.
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