Fruit & Vegetable Ingredients Market Predicted to Exhibit CAGR of 5% During 2024-2030, Surpassing USD 279.53 Bn by 2030

Fruit & Vegetable Ingredients Market size is expected to reach USD 279.53 billion by 2030. The industry is undergoing a transformation driven by increasing demand for durable, high-performance industrial components across various sectors.

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Fruit & Vegetable Ingredients Market to Hit USD 279.53 Bn by 2030

Fruit & Vegetable Ingredients Market size was valued at USD 198.66 billion in 2023 and expected to expand at a compound annual growth rate (CAGR) of 5% from 2024-2030, reaching USD 279.53 billion by 2030. In 2024, Fruit & Vegetable Ingredients Market Size was valued at approximately USD 47.38 billion in North America. Also, in Europe equating to revenues of USD 11.57 billion in 2023.

Leading market Players Fueling Industry Evolution

In 2023, the Olam International is valued at approximately USD 48.4 billion while Cargill Incorporated is valued at USD 177 billion and Archer Daniels Midland (ADM) is valued at USD 93.9 billion respectively in Fruit & Vegetable Ingredients.

Concentrate is dominated by Type segment in terms of value, in 2023

This concentrates sector dominates the Fruit & Vegetable Ingredients Market which fruit concentrates segment value is at USD 18 billion holding a market share of 40% in 2023. Concentrate is projected to reach USD 92 Bn. by 2029 with a CAGR of 4.0% during the forecast period. Europe is largest market for concentrates segment, holds more than 40% of global sales in 2023.

Beverages is dominated by Application segment in terms of value, in 2023

This concentrates sector dominates the Fruit & Vegetable Ingredients Market which fruit concentrates segment value is at USD 16.61 billion holding a market share of 37% in 2023. Beverages can be a form of concentrate, powders, or NFC juices. Fruit juices, soft drinks, energy drinks are preferences of consumers owing to several health benefits.

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North America is estimated to be the largest dominating region in terms of value, during the forecast period

This is the largest region in Fruit & Vegetable Ingredients Market which the valued at approximately USD 47.38 billion in North America and its Market share of 33% in 2023. it is expected to grow at CAGR of 4.0% during the forecast period. The U.S. fruit and vegetable market holds 35% of the market share. According to a USA trend study, half of the adults are agreeing to eat foods that provide minerals, vitamins, nutrition's.

Europe is estimated to be the Second-largest dominating region in terms of value, during the forecast period

This is the Second-largest region in Fruit & Vegetable Ingredients Market which the valued at approximately USD 11.57 billion in 2023. The region has long been a leader in food processing, and its infrastructure is highly developed for agricultural production and the processing of fruit and vegetable ingredients. Europe is a key exporter of processed fruit and vegetable ingredients globally.

Fruit & Vegetable Ingredients Market Competitive Landscape

Olam International: This company is valued at USD 48.4 billion in revenue by 2023. The company's recent developments in processing technology, such as freeze-drying and pulping, contribute to improve the nutritional content and shelf life of its fruit and vegetable products.

Cargill Incorporated: with a market valuation of USD 177 billion in 2023. The company has recently increased its focus on plant-based products and clean-label ingredients, responding to the growing consumer demand for healthier, more sustainable food options. Also, Cargill's investments in digital tools and supply chain technologies are revolutionizing how ingredients are sourced, processed, and delivered.

Archer Daniels Midland (ADM): In 2023, the company was worth USD 93.9 billion. ADM has recently made significant investments in organic and plant-based food ingredients in response to growing customer demand for sustainable, clean products.

Emerging Trends in the Fruit & Vegetable Ingredients Market

Olam International is focuses on sustainable sourcing, leveraging processing technologies such as freeze-drying to provide high-quality, shelf-stable ingredients.
Cargill is growing its investment in plant-based and clean-label products, spurred by consumer demand for healthier, more transparent food choices. They are also developing digital solutions to improve traceability and sustainability in sourcing.
ADM is capitalizing on the growing demand for functional ingredients by creating fruit and vegetable-based products with added health benefits, while also working to reduce carbon emissions and improve supply chain sustainability.

Conclusion

Fruit and vegetable ingredients market is poised for significant growth, with a projected CAGR of 5% and an expected market size of USD 279.53 billion by 2030.
Leading players like Olam International, Cargill, and ADM are driving industry transformation through innovation, sustainability, and a shift toward healthier, plant-based, and functional ingredients.
Concentrates, especially fruit concentrates, dominate the market, with the beverage sector leading as the largest application segment.
North America remains the largest market, while Europe continues to hold strong as the second-largest region. The continued focus on sustainable sourcing, advanced processing technologies, and eco-friendly practices will fuel the market's growth and evolution in the coming years.

For additional reports on related topics, visit our website:

♦ Dried Fruit Ingredient Market https://www.maximizemarketresearch.com/market-report/global-dried-fruit-ingredients-market/17914/

♦ Fruit Juice market https://www.maximizemarketresearch.com/market-report/global-fruit-juice-market/148151/

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