Lucintel’s latest market report analyzed that fruit & vegetable ingredient provides attractive opportunities in beverages, confectionery, bakery, soups & sauces, and dairy products. The fruit & vegetable ingredient market is expected to grow at a CAGR of 5%-7%. In this market, concentrates are the largest segment by type, whereas beverages are largest by application.
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Based on type, the fruit & vegetable ingredient market is segmented into concentrates, pastes & purees, juices, and pieces & powders. The concentrates segment accounted for the largest share of the market in 2020 as there is a large demand for concentrates in the fruit juice industry and other prepared food products.
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The fruit & vegetable ingredient market is marked by the presence of several big and small players. Some of the prominent players offering fruit & vegetable ingredient include Archer Daniels Midland Company, Kerry, AGRANA, Döhler, SunOpta, Olam International, DIANA, SVZ International, Sensient Technologies, and SensoryEffects.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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