Fruits & Vegetable Ingredient Market Overview:
For the analysis of the Fruits & Vegetable Ingredient market, a research team conducted extensive primary and secondary research. Secondary research was conducted to supplement the available data, segment the market, calculate the market’s overall size, and project market size and growth rate.
Ingredients derived from plant-based sources, such as fruits and vegetables, are extremely beneficial since they aid in cancer prevention. As a result of these health benefits, it has seen an increase in demand. The products are made from desirable fruits and vegetables that are consumed daily. They are required for humans to thrive and maintain a healthy lifestyle. Proteins, lipids, carbs, and minerals are among the elements that make up a healthy diet and provide sustenance.
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Fruits & Vegetable Ingredient Market Scope:
Demand in the fruits & vegetable ingredient market has risen as a result of factors such as rising disposable income and rapid urbanisation. Market companies might benefit from the strong growth potential of emerging markets and underdeveloped regions. Foods that save time in food procurement, preparation, and clean-up are referred to as convenience foods in which vegetable ingredients are an essential part of these markets. Restaurant meals and grocery store ready-to-eat food are examples of convenience foods. The term “ready-to-eat” refers to a variety of foods that require little or no preparation, ranging from bananas to frozen pizza.
Fruits & Vegetable Ingredient Market Segmentation:
The market is divided into segments based on application: beverages, candies, RTE foods, bakeries, and dairy products. With a 37.1% market share in 2020, the Beverages segment dominated the market for fruits and vegetables. The market for fruit and vegetable products used in beverages is driven by health-conscious consumers who choose natural ingredients in their diets. Furthermore, the dairy industry has started incorporating fruit and vegetable ingredients into its products in response to consumer demand for healthy beverage options. According to Bassano, fruit juices deliver a high sugar load in a liquid state that allows for quick absorption. However, it is still advised to consume vegetables rather than drink them because solid foods are more effective at quelling hunger than liquid calories at doing so.
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Fruits & Vegetable Ingredient Market Key players:
- Kerry Group plc (Ireland)
- AGRANA Group (Austria)
- Dohler (Germany)
- DIANA Group S.A.S. (France)
- SVZ International BV (Netherlands)
- Sensient Technologies Corporation (U.S.)
- SunOpta, Inc. (Canada)
- Sensory Effects Ingredient Solutions (U.S.)
- Cargill Incorporated (U.S)
- Roquette Freres (France)
COVID-19 Impact on Fruits & Vegetable Ingredient market:
The COVID-19 outbreak has had a significant impact on the Fruits & Vegetable Ingredient market. Due to the global economic downturn and a labour shortage, the development of Fruits & Vegetable Ingredient production facilities has been halted. The pandemic of COVID-19 has resulted in a significant and long-term decrease in production utilisation. Furthermore, travel restrictions and facility closures have hampered employee visits, limiting the growth of the Fruits & Vegetable Ingredient market in 2020. However, given the high demand for Fruits & Vegetable Ingredient, the market effects of COVID-19 are expected to be transitory. The industry is expected to fully recover by early 2021.
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