Fruit and Vegetable Ingredients Market Analysis with COVID-19 Strategic Trends and Forecast to 2027

Precision Business Insights published a research report on "Fruit and Vegetable Ingredients Market: By Type (Fruit, Vegetable), By Ingredient (Purees and Pastes, (NFC) Juices, Concentrates, Powders and Pieces), By Application (Beverages, Confectionary products, Dairy Products, Bakery Products, Others), and Geography- Global/Region/Country Forecast to 2027", Fruit and vegetable ingredients market was valued at USD 169 Billion in 2020 and is anticipated to grow at USD 259.19 Billion till 2027 recording a CAGR of 6.3% during the forecast period 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on " Fruit and Vegetable Ingredients Market: By Type (Fruit, Vegetable), By Ingredient (Purees and Pastes, (NFC) Juices, Concentrates, Powders and Pieces), By Application (Beverages, Confectionary products, Dairy Products, Bakery Products, Others), and Geography- Global/Region/Country Forecast to 2027"

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Technological Developments to further boost the Fruit and Vegetable Ingredients Market:
Fruits and vegetables are the crucial part of daily diet of people. There is growing demand from beverage and food industries for fruit and vegetable ingredients. They are used in these industries for different purposes such as to flavor and color the agents. These ingredients are available in the form of paste and piece and concentrate powder. The global fruit and vegetable ingredients market is experiencing huge growth owing to the huge demand for processed food and beverages globally, technological developments and increasing preference towards natural ingredients.

Rapid urbanization enables people to opt for ready to eat and package food items like juices, bakery products, which is anticipated to foster the fruits and vegetables market growth. On the other hand, high price of fruits and vegetables and ruining of adulteration of fruit are the factors which can hinder the market growth. Furthermore, unstable prices of vegetables and fruits and vegetables and variation in availability of fruits because of seasonal difference are anticipated to hinder the growth of the market over the forecast period 2021-2027. Industries in the market are adapting leading acquisitions. For example, Diana Food acquired a company named Nutra Canada, which manufacture small fruit and vegetable extracts for reinforcing its position in vegetable and fruit extracts. Likewise, Naturex is another leading industry player operating in global specialty plant-based ingredient market obtained Vegetable Juices Inc. for expanding its food and beverages processes in U.S.

Impact of COVID-19 on Fruit and Vegetable Ingredients Market:
In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.

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Asia Pacific is leading the Market by Recording Huge Growth in Fruit and Vegetable Ingredients Market:
Asia Pacific is doming the fruit and vegetable ingredients market followed by North America due to the continuously changing purchasing habits of customers and growing adoption of healthy lifestyle and increasing processed food and beverages intake in leading countries of this region such as India and china. North America is projected to witness significant growth rate during forecast years 2021-2027 due to the factors such as high demand for processed food and increasing consumption of fruits in the region.

Competitive Analysis:
Leading players working in the fruit and vegetable ingredients market are Kerry Group plc. (Ireland), Archer Daniels Midland Company (U.S.), Bösch Boden Spies GmbH & Co. KG (Germany), AGRANA Group (Austria), SunOpta, Inc. (Canada), DohlerGroup (Germany), and DIANA S.A.S. (France), (The Netherlands), Symrise AG (Germany), Olam International Limited (Singapore), Sensient Technologies Corporation (US), and SensoryEffects Ingredient Solutions (U.S.)

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