Year | Value |
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2024 | USD 167.69 Billion |
2032 | USD 243.2 Billion |
CAGR (2024-2032) | 4.76 % |
Note – Market size depicts the revenue generated over the financial year
The market for fruit and vegetables ingredients is booming. The CAGR (compound annual growth rate) for the period from 2024 to 2032 is 4.76%. The growing demand for natural and healthy foods, combined with the increasing awareness of the health benefits of fruits and vegetables, is driving this growth. The trend towards clean label products and the increasing popularity of plant-based diets are also expected to increase the demand for fruit and vegetable ingredients. The major players, including Archer Daniels Midland, Dole Food Company and Ingredion, are taking strategic initiatives to benefit from these developments. For example, they are forming new supply chain collaborations and investing in new processing methods. Also, the introduction of new products based on organic and minimally processed ingredients is gaining momentum. This is a response to the changing preferences of consumers. As these developments continue, the fruit and vegetable ingredients market will continue to grow.
Fruits and Vegetables ingredients market is experiencing dynamic growth across the globe. The rising health consciousness and the growing demand for natural and organic products have led to a surge in the demand for fruits and vegetables ingredients. In North America, the market is characterized by a strong emphasis on innovation and sustainability, with a focus on clean label products. Europe is a diverse market with many different preferences, influenced by cultural and culinary traditions. The Asia-Pacific region is expanding rapidly due to the urbanization and changing dietary habits. The Middle East and Africa (MEA) region is characterized by a young population and a growing investment in food processing. Latin America is characterized by a rich agricultural base and a strong demand for local products.
“The market for fruit and vegetable ingredients is expected to reach $200 billion by 2025, driven by the growing demand for healthy, natural food.” — Market Research Future
The fruit and vegetable ingredients market is a dynamic part of the food industry, and it is currently experiencing high growth rates, driven by the increasing demand for natural and healthy foods. This market is playing a crucial role in food processing, and the products are used in a wide range of applications from snacks to beverages. In addition, the growing awareness of health issues among consumers is fuelling the demand for plant-based ingredients, as well as regulatory trends that promote clean label products that are transparent about their origin.
The current market for such products is in a mature stage of development, with Dole Foods and Del Monte Foods at the forefront of introducing these new fruit and vegetable ingredients into their product lines. These products are used mainly as flavor enhancers in beverages and sauces. The industry is expected to grow rapidly, especially with the growing awareness of health and well-being, prompted by the influenza pandemic of COVID. These new developments will also be helped by the development of new extraction and drying processes that will better preserve nutrients and flavor.
The Fruits and Vegetables market is expected to grow from $167.69 billion in 2024 to $243.19 billion in 2032, at a Compound Annual Growth Rate (CAGR) of 4.76%. This growth is driven by the growing demand for natural and healthy food and the growing awareness of the nutritional value of fruits and vegetables. Fruits and vegetables are being used more and more in food and beverages, and the rate of usage is expected to rise in the next few years. The penetration rate of fruits and vegetables in food and beverages is expected to reach more than 30% in the processed food category by 2032, according to authoritative sources such as Grand View Research and Market Research Future. The main reason for this is the development of technology, especially in the area of fruit and vegetable processing and preservation. The fruit and vegetable ingredients have longer shelf life and better quality, which makes them more attractive to both manufacturers and consumers. The market will be further driven by the government's support for sustainable agriculture and the reduction of food waste. The trend of plant-based diets and the use of "green food" will also play an important role in the development of the fruit and vegetable ingredients market. , a vital part of the global food industry.
Covered Aspects:Report Attribute/Metric | Details |
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Market Size Value In 2022 | USD 150.9 Billion |
Market Size Value In 2023 | USD 159.1 Billion |
Growth Rate | 5.4% (2023-2032) |
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