Global Fruits and Vegetables Ingredients Industry – Overview
The global Fruits and Vegetables Ingredients Industry is witnessing an impressive growth over the last few years. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on “Global Fruit & Vegetable Market Research Report- Forecast to 2022” that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period.
Fruit and vegetable ingredients impart aromas, flavors, textures, colors, and enhances the shelf life of the products by providing multi-sensory experience throughout the entire shelf life. Furthermore, they also provide additional nutritional value. With growing health & wellness trend and better understanding of human nutrition have led to the improved management of nutrition intake. Fruit & vegetable ingredients are rich source of nutrition which include carbohydrates, fats, proteins, minerals, and others which reduces the risk of various diseases, including cancers and cardiovascular disorders. These ingredients are essential for human body as it has both functional and economic value.
With increasing urbanization along with consumer’s preference to lead a healthy lifestyle, rising disposable income, government initiatives to encourage the fruit and vegetable ingredients industry, and growing demand of convenience food has bolstered the growth of Fruits and Vegetables Ingredients Industry. The integration and consolidation of nutraceutical, food and technology companies has given birth to new product developments with better functionality. Also, the increasing incidence of diseases globally has led to increasing consumption of fruit & vegetable ingredients. Additionally, the fruit and vegetable ingredients are used for wide range of application such as beverages, confectionery, bakery, soups, dips, spreads, among other which has further accelerated the demand for the product.
Global Fruits and Vegetables Ingredients Industry - Competitive Analysis
The Fruits and Vegetables Ingredients Industry is highly fragmented with many major and local players competing to gain a substantial market share. Majority of the companies are following both organic and inorganic strategy to attract potential customers and minimize local competitions. For instance, Agrana Group acquired Saikrupa Fruit Processing Pvt. Ltd., an Indian company, and formed an establishment of Agrana Fruit India Private Ltd. The key players are emphasizing more in the research & development process in order to introduce new product, and also to extend the product line. For instance, Archer Daniels Midland Company (ADM) launched Nutriance, a range of innovative wheat protein concentrates in 2017 to further strengthen its product portfolio.
The key players profiled in fruit & vegetable ingredients are Archer Daniels Midland Company (U.S.), Olam International Ltd. (Singapore), Sensient Technologies Corporation (U.S.), Kerry Group PLC (Ireland), Sunopta, Inc. (Canada), Diana Group S.A.S. (France), and Döhler (Germany) among many others.
Global Fruits and Vegetables Ingredients Industry – Segments
The global Fruits and Vegetables Ingredients Industry has been divided into type, source, application, and region.
On The Basis Of Type: Concentrates, Pastes & Purees, NFC (Not From Concentrate) Juices, Pieces & Powders, and Others
On The Basis Of Source: Fruits, Vegetables
On The Basis Of Application: Breakfast Cereals, Functional Food & Beverages, Animal Feed, Pharmaceuticals, and Others
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.
Global Fruits and Vegetables Ingredients Industry - Regional Analysis
The global Fruits and Vegetables Ingredients Industry is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these European region has the major market share. Emerging markets like India and China have been considered as potential markets for fruit & vegetable ingredients due to adoption of healthy lifestyle, changing dietary patterns, increasing disposable income, and low labor cost.
Latest Industry Updates
Nov 2017 Archer Daniels Midland Company (ADM) launched Nutriance, a range of innovative wheat protein concentrates.
Aug 2017 Archer Daniels Midland Company (ADM) launched multiseed concentrate. The new concentrate comprises of five different seeds; brown and golden linseeds, sunflower, pumpkin, and poppy seeds. Through this product launch, the company aims to expand its product portfolio.
May 2017 Agrana Group acquired Saikrupa Fruit Processing Pvt. Ltd., an Indian company, and formed an establishment of Agrana Fruit India Private Ltd. The acquisition is in line with company’s strategy to expand its business in Asian region.
Dec 2016 Agrana Group acquired 100% of the shares of in Main Process S.A., an Argentina based company. The acquisition is in line with the company’s strategy to expand its business in South America region.
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