“Global fruit & vegetable ingredients market projected to grow at a CAGR of 6.6%”
The fruit & vegetable ingredients market is projected to grow at a CAGR of 6.6% and reach USD 201.67 billion by 2020. The market is driven by factors such as increased demand for snacks & convenience food and beverage products due to changing consumer preferences. Furthermore, factors such as increasing disposable income and rapid urbanization have also increased the demand for fruit & vegetable ingredients. The high growth potential in emerging markets and untapped regions provides new growth opportunities for market players. Complete report on fruit & vegetable ingredients market spread across 164 pages, profiling 10 companies and supported with 77 tables and 55 figures is now available at http://www.rnrmarketresearch.com/fruit-vegetable-ingredients-market-by-type-concentrate-paste-puree-nfc-piece-powder-by-application-beverage-confectionery-r-t-e-bakery-soup-sauce-dairy-region-global-trend-f-market-report.html .
“Asia-Pacific to lead the market in terms of growth rate”
On the basis of region, the fruit & vegetable ingredients market is led by the Asia-Pacific region in terms of growth rate during the review period. The usage of fruit & vegetable ingredients in the industrial sector is less in the Asia-Pacific region, which presents fruit & vegetable ingredients manufacturers with considerable untapped potential here. Furthermore, rising consumption of convenience and ready-to-eat food products owing to changing lifestyle and increased disposable income provides opportunities to packaged food manufacturers in the region.
The market size of fruit & vegetable ingredients estimated in this study has been validated through primaries conducted with various industry experts globally. These primary sources have been divided into three categories: by Company, by Designation, and by Region.
- By Company Type: Tier 1 – 20 %, Tier 2 – 45% and Tier 3 – 35%
- By Designation: Director level – 50%, C level – 22%, and Others – 28%
- By Region: North America – 45%, Europe – 25%, APAC – 18%, Latin America– 12%
The leading players such as Archer Daniels Midland Company (U.S.), Kerry Group plc (Ireland), AGRANA Group (Austria), Sensient Technologies Corporation (U.S.), Olam International Limited (Singapore), DoehlerGroup (Germany), Sun Opta, Inc. (Canada), SVZ International Limited (Singapore), Sensory Effects Ingredient Solutions (U.S.), and DIANA S.A.S. (France) have been profiled in the fruit & vegetable ingredients market research report. Priced at $4650 for a single user PDF, a discount on “Fruit & Vegetable Ingredients Market by Type (Concentrates, Pastes & Purees, NFC Juices, Pieces & Powders), Application (Beverages, Confectioneries, R.T.E, Bakery, Soups & Sauces, Dairy products), & by Region - Global Trend & Forecast to 2020” research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=272203 .
“Beverages and confectionery products accounted for the largest share”
Among the applications of fruit & vegetable ingredients, beverages accounted for largest share in the global fruit & vegetable ingredients market. The market for fruit & vegetable ingredients for application in beverages is driven by health-conscious consumers who prefer natural ingredients in their diets. Furthermore, a trend toward healthier beverage choices by consumers has caused the dairy industry to include fruit & vegetable ingredients in their offerings.
On a related note, another research titled Specialty Food Ingredients Market Global Forecast to 2020 says, the specialty food ingredients market is projected to reach USD 91.2 billion by 2020, at a CAGR of 5.5% from 2015 to 2020, driven by the factors such as growing R&D and technological innovations, increasing demand for convenience foods, nutrition & taste convergence, and the growing end user applications. Companies like Archer Daniel Midland (U.S.), Royal DSM N.V. (The Netherlands), Kerry Groups (Irelands), Cargill Inc. (U.S.), E. I. DuPont de Nemours and Company (U.S.), Givaudan Flavors (Switzerland), Sensient Technologies (U.S.), CHR. Hansen (Denmark), Ingredion Incorporated (U.S.), and Tate & Lyle PLC (U.K.) have been profiled in this 295 pages research report available at http://www.rnrmarketresearch.com/specialty-food-ingredients-market-by-ingredient-functional-food-ingredients-sugar-substitutes-flavors-specialty-starches-acidulants-preservatives-emulsifiers-colors-enzymes-and-f-b-starter-cultures-by-application-bakery-confe-market-report.html .
Explore more reports on Food Ingredients market at http://www.rnrmarketresearch.com/reports/food-beverage/food/food-ingredients .
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