Meticulous Research® Forecasts: Fruit and Vegetable Ingredients Market Poised to Reach $294.5 Billion by 2030

Meticulous Research®, a premier global market research company, has announced the release of its latest report titled, "Fruit and Vegetable Ingredients Market by Category (Fruit, Vegetable), Type (Pieces, Powders, Concentrates, Purees, Paste), Nature (Organic, Conventional), and Application (Beverages, Bakery, Dairy, Soups, Sauces, Savory) - Global Forecast to 2030".

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The report reveals that the global fruit and vegetable ingredients market is projected to burgeon to a staggering $294.5 billion by the year 2030, boasting a robust Compound Annual Growth Rate (CAGR) of 5.5% from 2023 to 2030. This remarkable growth trajectory is propelled by various factors including the escalating demand for natural ingredients, the myriad benefits of fruit and vegetable ingredients in the food and beverage industry, and the rising popularity of Ready-to-Eat (RTE) and Ready-to-Drink (RTD) products.

Market Dynamics:

The report underscores the growing demand for functional food products and the emergence of economies offering substantial growth opportunities. However, challenges such as fluctuating raw material prices and logistical issues related to storage and material handling present obstacles to market growth.

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Segmentation Insights:

Category: The fruit ingredients segment is anticipated to dominate the market in 2023, owing to its wide adoption across various applications, cost-effectiveness, and availability in diverse forms.

Type: Concentrates are expected to hold a significant market share, primarily due to their adaptability in beverages and other applications, offering favorable taste, flavor, quality enhancement, and convenience.

Nature: The organic segment is poised to register the highest CAGR during the forecast period, driven by increasing demand for organic food and beverages, and the growing trend towards sustainable and natural food products.

Application: Beverages are projected to lead the market, fueled by the rising awareness of health benefits associated with natural flavors, product innovation, and the growing demand for organic beverages.

Geography: Europe is forecasted to command the largest market share in 2023, driven by rising consumer demand for healthier and natural products, and the increasing consumption of ready-to-eat food and beverage products.

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Key Players:

The fruit and vegetable ingredients market features a moderately competitive landscape with key players such as Archer-Daniels-Midland Company, Olam International Limited, Cargill, Incorporated, AGRANA Beteiligungs-AG, Hans Zipperle AG/S.p.A., Döhler GmbH, Ingredion Incorporated, SunOpta, SVZ International BV, and KangMed, Inc. leading the industry.

The comprehensive report provides valuable insights into industry competitors, regional dynamics, and market trends, enabling stakeholders to make informed decisions and seize lucrative opportunities in the global fruit and vegetable ingredients market.

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About Us:
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

This release was published on openPR.