Fruit & Vegetable Ingredients Market by Category (Fruits and Vegetables), Type (Concentrates, Pastes & Purees, NFC Juices, and Pieces & Powders), Application (Beverages, Confectionery, RTE, Bakery, Soups & Sauces, Dairy Products) - Global Forecast to 2022

The fruit & vegetable ingredients market is projected to reach USD 216.03 Billion by 2022, at a CAGR of 5.8% from 2017. The objectives of the study are to define, segment, and measure the global market with respect to its type, application, category, and key regional markets. They also include major factors influencing the growth of the market, strategically analyze the micromarkets, analyze opportunities for stakeholders, provide details of the competitive landscape, and strategically profile the key players with respect to their market share and core competencies.

The years considered for the study are:

• Base year – 2015
• Estimated year – 2016 and 2017
• Projected year – 2022
• Forecast period – 2017 to 2022

This report includes estimations of market sizes for value (USD billion). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the fruit & vegetable ingredients market and to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research (FAO, Bloomberg, Factiva, companies’ annual reports), and their market shares in respective regions have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources.

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The various contributors involved in the value chain of fruit & vegetable ingredients include fruit & vegetable ingredient manufacturers such as Olam International (Singapore), Archer Daniels Midland Company (U.S.), Kerry Group plc (Ireland), AGRANA Group (Austria), and Döhler (Germany); government bodies & regulatory associations such as United States Department of Agriculture (USDA), FDA (Food and Drug Administration), FSSA (Food Safety and Standards Authority), EFSA (European Food Safety Authority); distributors such as Kerry Group plc (Ireland), DIANA Group S.A.S. (France), SVZ International BV (Netherlands), and Sensient Technologies Corporation (U.S.); and end users such as beverages, confectionery, RTE products, bakery, soups and sauces, dairy products, and others.

Target Audience

• Fruit & vegetable ingredient manufacturers
• Fruit & vegetable ingredient suppliers
• Research institutions
• Government bodies
• Distributors
• End users (industries)

“The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

Scope of the Report

On the basis of Type, the market is segmented as follows:

• Concentrates
• Pastes & purees
• NFC juices
• Pieces & powders

On the basis of Application, the market is segmented as follows:

• Beverages
• Confectionery
• RTE products
• Bakery
• Soups and sauces
• Dairy products
• Others

On the basis of Category, the market is segmented as follows:

• Fruit
• Vegetable

On the basis of Region, the market is segmented as follows:

• North America
• Europe
• Asia-Pacific
• RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the client-specific needs.

The following customization options are available for the report:

Product Analysis

• Product matrix, which gives a detailed comparison of the product portfolio of each company

Application Analysis

• Application analysis, which gives a detailed analysis of other applications of fruit & vegetable ingredients

Regional Analysis

• Further breakdown of the Rest of Asia-Pacific fruit & vegetable ingredients market into other Asian countries

Company Information

• Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Periodization Considered for the Study
    1.4 Currency Considered
    1.5 Units Considered
    1.6 Stakeholders
    1.7 Limitations

2 Research Methodology (Page No. - 19)
    2.1 Introduction
    2.2 Research Data
           2.2.1 Secondary Data
                    2.2.1.1 Key Data Taken From Secondary Sources
           2.2.2 Primary Data
                    2.2.2.1 Key Data From Primary Sources
                    2.2.2.2 Key Industry Insights
                    2.2.2.3 Breakdown of Primary Interviews
    2.3 Factor Analysis
           2.3.1 Introduction
                    2.3.1.1 Overview of the Parent Industry
           2.3.2 Demand-Side Analysis
                    2.3.2.1 Developing Economies
                    2.3.2.2 Growing Middle-Income Population, 2009–2030
                    2.3.2.3 Mounting Global Per Capita Income and Rise in Disposable Income
           2.3.3 Supply-Side Analysis
                    2.3.3.1 Research & Development
                    2.3.3.2 Advancements in Fruit & Vegetable Processing Equipment and Technologies
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
           2.4.2 Top-Down Approach
    2.5 Market Breakdown & Data Triangulation
    2.6 Research Assumptions & Limitations
           2.6.1 Assumptions
           2.6.2 Limitations

3 Executive Summary (Page No. - 35)

4 Premium Insights (Page No. - 40)
    4.1 Attractive Opportunities in Fruit & Vegetable Ingredients Market
    4.2 Beverages: Leading Segment for Fruit & Vegetable Ingredients, By Application
    4.3 Asia-Pacific: Fastest-Growing Fruit & Vegetable Ingredients Market
    4.4 Fruit & Vegetable Ingredients Market Growth, By Country
    4.5 Fruit & Vegetable Ingredients Market: Developed vs Developing Nations
    4.6 Life Cycle Analysis, By Region
    4.7 Year on Year Growth Outlook

5 Market Overview (Page No. - 47)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growing Demand for Food Preservatives
                    5.3.1.2 Health Promoting Activities and Government Initiatives Result in Rise in Demand for Fruit & Vegetable Ingredients
                    5.3.1.3 Increase in Popularity of Convenience Foods Boosts the Demand for Fruit & Vegetable Ingredients
                    5.3.1.4 Increase in Global Trade of Fruits & Vegetables
                    5.3.1.5 Increase in Demand for Natural Ingredients
           5.3.2 Restraints
                    5.3.2.1 Stringent Food Safety Legislations
                    5.3.2.2 Seasonal Variations in Supply of Raw Materials and Adverse Weather Conditions
           5.3.3 Opportunities
                    5.3.3.1 Inclination of Consumers Towards Healthier Alternatives
                    5.3.3.2 Countries With Emerging Economies: Sole Frontiers of Growth
                               5.3.3.2.1 Emerging Markets & Changing Consumer Lifestyles
                               5.3.3.2.2 Growth Opportunities in the Untapped Markets
           5.3.4 Challenges
                    5.3.4.1 Infrastructural Challenges in Developing Countries
                    5.3.4.2 Demand for Clean Label Products From Consumers

6 Industry Trends (Page No. - 55)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply Chain Analysis
           6.3.1 Prominent Companies
           6.3.2 Small & Medium Enterprises
           6.3.3 End Users
    6.4 Industry Trends
    6.5 Porter’s Five Forces Analysis
           6.5.1 Threat of New Entrants
           6.5.2 Threat of Substitutes
           6.5.3 Bargaining Power of Suppliers
           6.5.4 Bargaining Power of Buyers
           6.5.5 Intensity of Competitive Rivalry

7 Fruit & Vegetable Ingredients Market, By Type (Page No. - 65)
    7.1 Introduction
    7.2 Concentrates
    7.3 Pastes & Purees
    7.4 NFC Juices
    7.5 Pieces & Powders

8 Fruit & Vegetable Ingredients Market, By Application (Page No. - 76)
    8.1 Introduction
    8.2 Beverages
    8.3 Confectionery Products
    8.4 R.T.E. Products
    8.5 Bakery Products
    8.6 Soups & Sauces
    8.7 Dairy Products
    8.8 Other Applications

9 Fruit & Vegetable Ingredients Market, By Category (Page No. - 89)
    9.1 Introduction
    9.2 Fruit Ingredients
    9.3 Vegetable Ingredients

10 Fruit & Vegetable Ingredients Market, By Region (Page No. - 95)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Italy
             10.3.2 U.K.
             10.3.3 Spain
             10.3.4 Germany
             10.3.5 France
             10.3.6 Netherlands
             10.3.7 Poland
             10.3.8 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 Australia
             10.4.5 Rest of Asia-Pacific
     10.5 Rest of the World (RoW)
             10.5.1 Latin America
             10.5.2 Africa
             10.5.3 Middle East

11 Competitive Landscape (Page No. - 132)
     11.1 Overview
     11.2 Competitive Situation & Trends
             11.2.1 Acquisitions
             11.2.2 Expansions & Investments
             11.2.3 New Product Launches/Developments
             11.2.4 Partnerships, Agreements, and Joint Ventures

12 Company Profiles (Page No. - 139)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Key Strategies & MnM View)*
     12.1 Introduction
     12.2 Agrana Group
     12.3 Archer Daniels Midland Company
     12.4 Olam International Ltd.
     12.5 Sensient Technologies Corporation
     12.6 Kerry Group PLC
     12.7 Sunopta, Inc.
     12.8 Diana Group S.A.S.
     12.9 Döhler
     12.10 Sensoryeffects Ingredient Solutions
     12.11 Svz International B.V.

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Key Strategies & MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 167)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 More Company Developments
             13.3.1 Expansions & Investments
             13.3.2 Acquisitions
             13.3.3 New Product Launches
             13.3.4 Partnerships, Agreements, and Joint Ventures
     13.4 Introducing RT: Real Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details

List of Tables (92 Tables)

Table 1 Key Factors Influencing the Parent Industry
Table 2 GDP Growth of Emerging Countries, 2014–2015
Table 3 Fruit & Vegetable Ingredients Market Size, By Type, 2015–2022 (KT)
Table 4 Fruit & Vegetable Ingredients Market Size, By Type, 2015–2022 (USD Million)
Table 5 Concentrates Market Size, By Region, 2015–2022 (KT)
Table 6 Concentrates Market Size, By Region, 2015–2022 (USD Million)
Table 7 Pastes & Purees Market Size, By Region, 2015–2022 (KT)
Table 8 Pastes & Purees Market Size, By Region, 2015–2022 (USD Million)
Table 9 Nfc Juices Market Size, By Region, 2015–2022 (KT)
Table 10 Nfc Juices Market Size, By Region, 2015–2022 (USD Million)
Table 11 Pieces & Powders Market Size, By Region, 2015–2022 (KT)
Table 12 Pieces & Powders Market Size, By Region, 2015–2022 (USD Million)
Table 13 Fruit & Vegetable Ingredients Market Size, By Application, 2015–2022 (USD Million)
Table 14 Fruit & Vegetable Ingredients Market Size, By Application, 2015–2022 (KT)
Table 15 Beverages Market Size, By Region, 2015–2022 (USD Million)
Table 16 Beverages Market Size, By Region, 2015–2022 (KT)
Table 17 Confectionery Products Market Size, By Region, 2015–2022 (USD Million)
Table 18 Confectionery Products Market Size, By Region, 2015–2022 (KT)
Table 19 R.T.E. Products Market Size, By Region, 2015–2022 (USD Million)
Table 20 R.T.E. Products Market Size, By Region, 2015–2022 (KT)
Table 21 Bakery Products Market Size, By Region, 2015–2022 (USD Million)
Table 22 Bakery Products Market Size, By Region, 2015–2022 (KT)
Table 23 Soups & Sauces Market Size, By Region, 2015–2022 (USD Million)
Table 24 Soups & Sauces Market Size, By Region, 2015–2022 (KT)
Table 25 Dairy Products Market Size, By Region, 2015–2022 (USD Million)
Table 26 Dairy Products Market Size, By Region, 2015–2022 (KT)
Table 27 Other Applications Market Size, By Region, 2015–2022 (USD Million)
Table 28 Other Applications Market Size, By Region, 2015–2022 (KT)
Table 29 Fruit & Vegetable Ingredients Market Size, By Category, 2015–2022 (KT)
Table 30 Fruit & Vegetable Ingredients Market Size, By Category, 2015–2022 (USD Million)
Table 31 Fruit Ingredients Market Size, By Region, 2015–2022 (KT)
Table 32 Fruit Ingredients Market Size, By Region, 2015–2022 (USD Million)
Table 33 Vegetable Ingredients Market Size, By Region, 2015–2022 (KT)
Table 34 Vegetable Ingredients Market Size, By Region, 2015–2022 (USD Million)
Table 35 Fruit & Vegetable Ingredients Market Size, By Region, 2017-2022 (USD Million)
Table 36 Fruit & Vegetable Ingredients Market Size, By Region, 2015-2022 (KT)
Table 37 North America: Fruit & Vegetable Ingredients Market Size, By Country, 2015-2022 (USD Million)
Table 38 North America: Fruit & Vegetable Ingredients Market Size, By Country, 2015–2022 (KT)
Table 39 North America: Concentrates Market Size, By Country, 2015–2022 (USD Million)
Table 40 North America: Concentrates Market Size, By Country, 2015–2022 (KT)
Table 41 North America: Pastes & Purees Market Size, By Country, 2015–2022 (USD Million)
Table 42 North America: Pastes & Purees Market Size, By Country, 2015–2022 (KT)
Table 43 North America: Nfc Juices Market Size, By Country, 2015–2022 (USD Million)
Table 44 North America: Nfc Juices Market Size, By Country, 2015–2022 (KT)
Table 45 North America: Pieces & Powders Market Size, By Country, 2015–2022 (USD Million)
Table 46 North America: Pieces & Powders Market Size, By Country, 2015–2022 (KT)
Table 47 North America: Fruit & Vegetable Ingredients Market Size, By Application, 2015-2022 (USD Million)
Table 48 North America: Fruit & Vegetable Ingredients Market Size, By Application, 2015-2022 (KT)
Table 49 Europe: Fruit & Vegetable Ingredients Market Size, By Country, 2015–2022 (USD Million)
Table 50 Europe: Fruit & Vegetable Ingredients Market Size, By Country, 2015–2022 (KT)
Table 51 Europe: Concentrates Market Size, By Country, 2015–2022 (USD Million)
Table 52 Europe: Concentrates Market Size, By Country, 2015–2022 (KT)
Table 53 Europe: Pastes & Purees Market Size, By Country, 2015–2022 (USD Million)
Table 54 Europe: Pastes & Purees Market Size, By Country, 2015–2022 (KT)
Table 55 Europe: Nfc Juices Market Size, By Country, 2015–2022 (USD Million)
Table 56 Europe: Nfc Juices Market Size, By Country, 2015–2022 (KT)
Table 57 Europe: Pieces & Powders Market Size, By Country, 2015–2022 (USD Million)
Table 58 Europe: Pieces & Powders Market Size, By Country, 2015–2022 (KT)
Table 59 Europe: Fruit & Vegetable Ingredients Market Size, By Application, 2015–2022 (USD Million)
Table 60 Europe: Fruit & Vegetable Ingredients Market Size, By Application, 2015–2022 (KT)
Table 61 Asia-Pacific: Fruit & Vegetable Ingredients Market Size, By Country, 2015–2022 (USD Million)
Table 62 Asia-Pacific: Fruit & Vegetable Ingredients Market Size, By Country, 2015–2022 (KT)
Table 63 Asia-Pacific: Concentrates Market Size, By Country, 2015–2022 (USD Million)
Table 64 Asia-Pacific: Concentrates Market Size, By Country, 2015–2022 (KT)
Table 65 Asia-Pacific: Pastes & Purees Market Size, By Country, 2015–2022 (USD Million)
Table 66 Asia-Pacific: Pastes & Purees Market Size, By Country, 2015–2022 (KT)
Table 67 Asia-Pacific: Nfc Juices Market Size, By Country, 2015–2022 (USD Million)
Table 68 Asia-Pacific: Nfc Juices Market Size, By Country, 2015–2022 (KT)
Table 69 Asia-Pacific: Pieces & Powders Market Size, By Country, 2015–2022 (USD Million)
Table 70 Asia-Pacific: Pieces & Powders Market Size, By Country, 2015–2022 (KT)
Table 71 Asia-Pacific: Fruit & Vegetable Ingredients Market Size, By Application, 2015–2022 (USD Million)
Table 72 Asia Pacific: Fruit & Vegetable Ingredients Market Size, By Application, 2015-2022 (KT)
Table 73 RoW: Fruit & Vegetable Ingredients Market Size, By Region, 2015–2022 (USD Million)
Table 74 RoW: Fruit & Vegetable Ingredients Market Size, By Region, 2015–2022 (KT)
Table 75 RoW: Concentrates Market Size, By Region, 2015–2022 (USD Million)
Table 76 RoW: Concentrates Market Size, By Region, 2015–2022 (KT)
Table 77 RoW: Pastes & Purees Market Size, By Region, 2015–2022 (USD Million)
Table 78 RoW: Pastes & Purees Market Size, By Region, 2015–2022 (KT)
Table 79 RoW: Nfc Juices Market Size, By Region, 2015–2022 (USD Million)
Table 80 RoW: Nfc Juices Market Size, By Region, 2015–2022 (KT)
Table 81 RoW: Pieces & Powders Market Size, By Region, 2015–2022 (USD Million)
Table 82 RoW: Pieces & Powders Market Size, By Region, 2015–2022 (KT)
Table 83 RoW: Fruit & Vegetable Ingredients Market Size, By Application, 2015–2022 (USD Million)
Table 84 RoW: Fruit & Vegetable Ingredients Market Size, By Application, 2015–2022 (KT)
Table 85 Acquisitions, 2010–2016
Table 86 Expansions & Investments, 2010–2016
Table 87 New Product Launches/Developments, 2010–2016
Table 88 Partnerships, Agreements, and Joint Ventures, 2010–2016
Table 89 Expansions & Investments, 2011–2016
Table 90 Acquisitions, 2011–2016
Table 91 New Product Launches, 2011–2016
Table 92 Partnerships, Agreements, and Joint Ventures , 2011–2016

List of Figures (53 Figures)

Figure 1 Fruit & Vegetable Ingredients Market Segmentation
Figure 2 Research Design
Figure 3 Top 5 Economies Based on GDP (PPP) are China, the U.S., India., Japan, and Germany (2015)
Figure 4 Middle-Income Population in Asia-Pacific is Projected to Grow and Account for the Largest Share in the Global Market By 2030
Figure 5 GDP (PPP) of Top Economies, 2015
Figure 6 Pre-Processing Equipment in Fruits & Vegetables Market Size, 2014 (USD Million)
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach
Figure 8 Market Size Estimation Methodology: Top-Down Approach
Figure 9 Data Triangulation
Figure 10 Assumptions of the Study
Figure 11 Fruit & Vegetable Ingredients Market Growth Trend, 2017 vs 2022
Figure 12 Fruit & Vegetable Ingredients Market, By Category, 2017 vs 2022
Figure 13 Concentrates Segment to Dominate the Global Fruit & Vegetable Ingredients Market, By Type, 2017–2022 (KT)
Figure 14 Food and Vegetable Ingredients Market, By Region: Asia-Pacific is Projected to Be the Fastest-Growing Market During the Forecast Period
Figure 15 Major Players Adopted Acquisitions as the Key Strategy From 2011 to 2016
Figure 16 Emerging Markets With Promising Growth Potential, 2017–2022
Figure 17 Beverages Segment is Projected to Grow at the Highest CAGR From 2017 to 2022
Figure 18 Concentrates Segment Accounted for Largest Share in the Asia-Pacific Fruit & Vegetable Ingredients Market, 2016
Figure 19 China to Grow at Highest CAGR in Fruit & Vegetable Ingredients Market, 2017–2022
Figure 20 Developed Markets to Dominate & Developing Markets Show Strong Growth Opportunities During the Forecast Period
Figure 21 Fruit & Vegetable Ingredients Market is Projected to Experience Strong Growth in the Asia-Pacific Region
Figure 22 European Market is Expected to Grow at A Declining Rate
Figure 23 Fruit & Vegetable Ingredients Market Segmentation
Figure 24 Fruit and Vegetable Ingredients Market: Drivers, Restraints, Opportunities and Challenges
Figure 25 Value Chain Analysis: Major Value is Added During Manufacturing & Material Sourcing
Figure 26 Supply Chain: Multi-Model Distribution System Used By Prominent Players
Figure 27 Porter’s Five Forces Analysis
Figure 28 Fruit & Vegetable Ingredients Market, By Type, 2017 vs 2022 (USD Million)
Figure 29 Fruit & Vegetable Ingredients Market, By Type, 2017 vs 2022 (KT)
Figure 30 Global Fruit & Vegetable Ingredients Market, By Type, Y-O-Y Growth, 2016–2022
Figure 31 Concentrates Market, By Region, Y-O-Y Growth, 2016–2022
Figure 32 Pastes & Purees Market, By Region, Y-O-Y Growth, 2016–2022
Figure 33 NFC Juices Market, By Region, YoY Growth, 2016–2022
Figure 34 Pieces & Powders Market, By Region, YoY Growth, 2016–2022
Figure 35 Fruit & Vegetable Ingredients Market Size, By Application, 2017 vs 2022 (USD Million)
Figure 36 Beverages Market Size, By Region, 2017 vs 2022 (KT)
Figure 37 Confectionery Products Market Size, By Region, 2017 vs 2022 (KT)
Figure 38 Europe is Projected to Account for the Largest Share in the Market for Dairy Products in Terms of Value By 2022
Figure 39 Fruit & Vegetable Ingredients Market, By Category, 2017 vs 2022 (USD Million)
Figure 40 Geographic Snapshot : Markets in Asia-Pacific are Emerging as New Hotspots
Figure 41 North American Fruit & Vegetable Ingredients Market Snapshot: the U.S. is Projected to Be the Global Leader Between 2017 to 2022
Figure 42 European Fruit & Vegetable Ingredients Market Snapshot: Poland is the Most Lucrative Market
Figure 43 Asia-Pacific Fruit & Vegetable Ingredients Market Snapshot: China is the Most Lucrative Market
Figure 44 Expansions & Investments: Current Approach of Leading Fruit & Vegetable Ingredients Market Players
Figure 45 Portfolio Strengthening Through Developments
Figure 46 Acquisitions : the Key Strategy, 2010–2016
Figure 47 Geographic Revenue Mix of Top Five Market Players
Figure 48 Agrana Group: Company Snapshot
Figure 49 Archer Daniels Midland Company: Company Snapshot
Figure 50 Olam International Ltd.: Company Snapshot
Figure 51 Sensient Technologies Corporation: Company Snapshot
Figure 52 Kerry Group PLC: Company Snapshot
Figure 53 Sunopta, Inc.: Company Snapshot

The market for fruit and vegetable ingredients is projected to reach USD 216.03 Billion by 2022, at a CAGR of 5.8% from 2017. The market is driven by factors such as increasing demand for snacks & convenience food and beverages due to changing consumer preferences. Furthermore, factors such as increasing disposable income and rapid urbanization have also increased the demand for fruit & vegetable ingredients. The high growth potential in emerging markets and untapped regions provides new growth opportunities for market players.

The fruit and vegetable ingredients market is segmented on the basis of type into concentrates, pastes & purees, NFC juices, and pieces & powders. The concentrates dominated the fruit and vegetable ingredients market owing to the larger demand from the fruit juice industry and other prepared food products. The second-largest type for fruit and vegetable ingredients is pieces & powders. The use of fruit & vegetable ingredients in pieces & powders form in various processed food products has increased globally.

Based on applications, the fruit and vegetable ingredients market is segmented into beverages, confectioneries, R.T.E., bakery, soups & sauces, dairy products , and other applications such as dips, spreads, dressings, toppings, and puddings.  Among the applications of fruit & vegetable ingredients, beverages accounted for the largest market share, followed by confectionery products, R.T.E. products, bakery products, soups & sauces, and dairy products. The demand for snacks & convenience food is expected to rise due to changing dietary patterns of consumers due to the changing consumer lifestyle.

Based on category, the fruit and vegetable ingredients market is segmented into fruits and vegetables. The fruit segment dominated the fruit and vegetable ingredients market due to producers, reliance on this segment owing to its functional benefits, and the cost efficiencies involved.

On the basis of region, the fruit and vegetable ingredients market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Rest of the World (RoW). Europe, especially the U.K., is the largest consumer of fruit & vegetable ingredients, thus accounting for the largest share in the fruit & vegetable ingredients market, followed by North America and Asia-Pacific. The Asia-Pacific region is projected to be the fastest-growing market with investments from key players in the market, especially in China and India, due to their large fruit & vegetable ingredients production, low-cost labor, and lower fruit & vegetable ingredients prices.

However, increasing instances of unfair trade practices such as adulteration are expected to restrain the market growth. Though the prices of fruit & vegetable ingredients are highly volatile and vary across different regions, the market is expected to grow at a significant rate.

The fruit and vegetable ingredients market is consolidated and competitive, with a few market players operating at regional and local levels. The key players in the market adopted expansions and investments as their preferred growth strategies. Key players include Archer Daniels Midland Company (U.S.), Kerry Group plc (Ireland), AGRANA Group (Austria), Döhler (Germany), SunOpta, Inc. (Canada), and Olam International Limited (Singapore). Other players include DIANA Group S.A.S. (France), SVZ International BV (Netherlands), Sensient Technologies Corporation (U.S.), and SensoryEffects Ingredient Solutions (U.S.)., which also have a strong presence in the global fruit and vegetable ingredients market.

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