Meticulous Research® has unveiled a pivotal report titled, “Fruit and Vegetable Ingredients Market by Category, Type, Nature, and Application – Global Forecast to 2030.” This report indicates that the global fruit and vegetable ingredients market is set to reach $294.5 billion by 2030, reflecting a CAGR of 5.5% from 2023 to 2030.
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Demand for Natural Ingredients
One of the primary drivers of this market’s growth is the escalating demand for natural ingredients. As consumers increasingly prioritize health and wellness, fruit and vegetable ingredients are becoming essential in various food and beverage applications. The rising popularity of ready-to-eat (RTE) and ready-to-drink (RTD) products also plays a significant role in this trend.
Market Growth Challenges
While the market holds considerable growth potential, it faces challenges such as fluctuating raw material prices and difficulties related to storage and material handling. These factors could limit the market’s ability to grow as projected.
Market Segmentation Analysis
The report categorizes the fruit and vegetable ingredients market based on category (fruit and vegetable), type (pieces, powders, concentrates, purees, and paste), nature (organic and conventional), application (beverages, bakery products, dairy, soups, sauces, and savory foods), and geographical regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). This segmentation allows for a deeper analysis of market trends and competitive dynamics.