Meticulous Research® has unveiled a pivotal 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.” This research outlines the trajectory of the global fruit and vegetable ingredients market, which is forecasted to reach $294.5 billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
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The burgeoning market for fruit and vegetable ingredients is primarily driven by the increasing consumer preference for natural ingredients. As health and wellness trends gain traction, more consumers are opting for products rich in natural flavors and nutritional benefits. Additionally, the rising demand for ready-to-eat (RTE) and ready-to-drink (RTD) offerings is bolstering the utilization of these ingredients in various applications.
Market segmentation reveals a clear distinction between fruit and vegetable ingredients, with the fruit segment expected to hold the largest share in 2024. This is due to its versatility across various applications, cost-effectiveness, and widespread availability in diverse formats.
Among the different types of fruit and vegetable ingredients, concentrates are anticipated to dominate. Their adaptability in beverages allows manufacturers to enhance taste and quality while minimizing costs and logistical complications. The preference for concentrates can be attributed to their ability to deliver consistent flavor profiles and nutritional value, making them a favored choice in the industry.
