Latest News- Fruits And Vegetables Ingredients Market: Beverages is expected to lead the Application segment during 2024-2028

The Fruits And Vegetables Ingredients Market is being driven by Increased consumption of fruits and vegetables to maintain a healthier diet

The Fruits And Vegetables Ingredients Market is expected to grow at a CAGR of 6.86% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 111.7 billion. The proliferation of smartphones and the expanding reach of the Internet have significantly boosted the market for online sales of fruit and vegetable ingredients. Consumers now enjoy the convenience of selecting from a multitude of brands and making purchases at their leisure. Amazon's acquisition of Whole Foods and the subsequent offering of their processed vegetable products through Amazon Prime has accelerated this trend, with speedy delivery and seamless purchasing experience driving increased consumer demand. This disruptive innovation has attracted major players like Del Monte and Dole Food to offer their processed vegetable items on e-commerce platforms. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Beverages
  • Confectionery
  • RTE products
  • Bakery
  • Others
• Type
  • Concentrates
  • Pastes and purees
  • NFC juices
  • Pieces and powders
• Form
  • Liquid
  • Powder
  • Paste
  • Pieces/Cuts
• Nature
  • Organic
  • Conventional
• Processing Method
  • Fresh
  • Frozen
  • Dried
  • Pureed
  • Concentrated
• Geography
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • APAC
    • China
    • India
    • Japan
  • North America
    • US
    • Canada
  • South America
    • Argentina
    • Brazil
  • Middle East and Africa
    • Egypt
    • KSA
    • Oman
    • UAE

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased consumption of fruits and vegetables to maintain a healthier diet
• Rise in veganism
• Growth of the organized retail sector

However, the market also witnesses some limitations, which are as follows:

• Presence of stringent government rules
• Increase in unfair trade practices
• Food contamination from fruits and vegetables

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Market Scope in Fruits And Vegetables Ingredients Market Research Report

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Research Analysis Overview

In the Fruits and Vegetables Ingredients Market, consumer behavior plays a significant role in shaping trends. With increasing awareness about harmful health impacts, there is a growing preference for organic foods and beverages, including fruit shakes, juices, and salads, in established economies. However, labor costs and supply chain management pose challenges in the developed world. Infrastructural challenges also impact the transportation of dry powdered fruit ingredients. Artificial colors and flavors are being replaced by clean-label products, and the demand for chemical-free, organic, and Non-GMO ingredients is on the rise. The beverages segment, including nutrition bars, is a major consumer of food preservatives. The paper manufacturing industry also utilizes fruit and vegetable ingredients as raw materials. The processed food industry faces criticism for the use of chemicals and additives. However, medicine and pharmaceuticals rely on these ingredients for their production. The Fruits and Vegetables Ingredients Market is diverse, with applications ranging from food and beverage products to various industries, presenting both opportunities and challenges.

Market Research Overview

In the realm of the global food industry, the market for fruits and vegetables ingredients caters to businesses engaged in processing these natural commodities to preserve their nutritional value and extend their shelf life. According to market analysis by Technavio, this market's size is determined by the consolidated revenue of the participating vendors. It is essential to note that this market distinction excludes equipment manufacturers and producers of packaged beverages, including alcoholic and non-alcoholic varieties. The growth of the fruits and vegetables ingredients market is primarily influenced by the health benefits associated with consuming minimally processed fruits and vegetables. These minimally processed food sources are rich in essential nutrients such as potassium, dietary fiber, folate, vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/