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Fruits & Vegetable Ingredients Market Analysis Report Projected $269352.43 Million Growth by 2026 | A report by AGRANA Beteiligungs-AG, Archer Daniels Midland Company, Olam International, Sensient Technologies Corporation, Kerry, Sunopta, Diana Group and
Market Analysis:
Global Fruit and Vegetable Ingredients Market is expected to rise from its initial estimated value of USD 173,263.56 million in 2018 to an estimated value of USD 269,352.43 million by 2026, registering a CAGR of 5.67% during the forecast period of 2019-2026. This rise in market value can be attributed to growing demand for food preservatives.
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Top Players:
• Sensient Technologies Corporation
• Kerry
• Sunopta
• Diana Group
• Döhler
• Sensoryeffects
• SVZ Industrial Fruit & Vegetable Ingredients
• Hans Zipperle AG
• Kanegrade
• Taura Natural food Ingredients
• DMH Ingredients
• Yaax International
• Compleat Food Network
• Gruenewald International
Key Developments in the Market:
• In July 2018, Agrana Group acquired 49% shares in ELAFRUITS (Algeria), an Algerian producer of fruit preparations.
• In October 2018, Döhler acquired a majority stake in Nutrafood S.r.l. (Italy). Nutrafood’s portfolio complements Döhler’s range in the area of plant-based food and beverages, where the company currently provides solutions in categories ranging from smoothies to spoonables.
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Market Drivers & Restraints:
• Health promoting activities and government initiatives result is expected to drive the market growth
• Increase in global trade of fruits & vegetables is also expected to drive the market growth
• Stringent food safety legislations is expected to restrain the market growth
• Seasonal variations in supply of raw materials is also expected to restrain the market growth
Market Segmentation:
Type
• Concentrates
• Pastes & Purees
• NFC Juices
• Pieces & Powders
Application
• Beverages
• Confectionery Products
• T.E. Products
• Bakery Products
• Soups & Sauces
• Dairy Products
• Other Applications Dietary Supplements
Category
• Fruit Ingredients
• Vegetable Ingredients
Geography
• North America
• South America
• United Kingdom
• Asia-Pacific
Competitive Analysis:
Global fruit and vegetable ingredients Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fruit and vegetable ingredients market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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