GlobalFruits and Vegetables Ingredients Industry – Overview
Theglobal Fruits and Vegetables IngredientsIndustry is witnessing an impressive growth over the last fewyears. Market Research Future, a firm which specializes in market reportsrelated to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on “Global Fruit & Vegetable Market Research Report- Forecast to 2022” that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period.
Fruitand vegetable ingredients impart aromas, flavors, textures, colors, andenhances the shelf life of the products by providing multi-sensory experience throughout the entire shelf life. Furthermore, they also provide additional nutritional value. With growing health & wellness trend and better understanding of human nutrition have led to the improved management of nutrition intake. Fruit & vegetable ingredients are rich source of nutrition which include carbohydrates, fats, proteins, minerals, and others which reduces the risk of various diseases, including cancers and cardiovascular disorders. These ingredients are essential for human body as it has both functional and economic value.
Withincreasing urbanization along with consumer’s preference to lead a healthylifestyle, rising disposable income, government initiatives to encourage the fruit and vegetable ingredients industry, and growing demand of convenience food has bolstered the growth of Fruits and Vegetables Ingredients Industry. The integration and consolidation of nutraceutical, food and technology companies has given birth to new product developments with better functionality. Also, the increasing incidence of diseases globally has led to increasing consumption of fruit & vegetable ingredients. Additionally, the fruit and vegetable ingredients are used for wide range of application such as beverages, confectionery, bakery, soups, dips, spreads, among other which has further accelerated the demand for the product.
GlobalFruits and Vegetables Ingredients Industry - Competitive Analysis
TheFruits and Vegetables Ingredients Industry is highly fragmented with many majorand local players competing to gain a substantial market share. Majority of the companies are following both organic and inorganic strategy to attract potential customers and minimize local competitions. For instance, Agrana Group acquired Saikrupa Fruit Processing Pvt. Ltd., an Indian company, and formed an establishment of Agrana Fruit India Private Ltd. The key players are emphasizing more in the research & development process in order to introduce new product, and also to extend the product line. For instance, Archer Daniels Midland Company (ADM) launched Nutriance, a range of innovative wheat protein concentrates in 2017 to further strengthen its product portfolio.
Thekey players profiled in fruit & vegetable ingredients are Archer DanielsMidland Company (U.S.), Olam International Ltd. (Singapore), Sensient Technologies Corporation (U.S.), Kerry Group PLC (Ireland), Sunopta, Inc. (Canada), Diana Group S.A.S. (France), and Döhler (Germany) among many others.
GlobalFruits and Vegetables Ingredients Industry – Segments
Theglobal Fruits and Vegetables Ingredients Industry has been divided into type,source, application, and region.
OnThe Basis Of Type: Concentrates, Pastes & Purees, NFC (Not FromConcentrate) Juices, Pieces & Powders, and Others
OnThe Basis Of Source: Fruits, Vegetables
OnThe Basis Of Application: Breakfast Cereals, Functional Food & Beverages,Animal Feed, Pharmaceuticals, and Others
OnThe Basis Of Region: North America, Europe, Asia Pacific, and ROW.
GlobalFruits and Vegetables Ingredients Industry - Regional Analysis
Theglobal Fruits and Vegetables Ingredients Industry is segmented into NorthAmerica, Europe, Asia Pacific, and rest of the world (ROW). Among these European region has the major market share. Emerging markets like India and China have been considered as potential markets for fruit & vegetable ingredients due to adoption of healthy lifestyle, changing dietary patterns, increasing disposable income, and low labor cost.
LatestIndustry Updates
Nov2017 Archer Daniels Midland Company (ADM) launched Nutriance, a range ofinnovative wheat protein concentrates.
Aug2017 Archer Daniels Midland Company (ADM) launched multiseed concentrate. Thenew concentrate comprises of five different seeds; brown and golden linseeds, sunflower, pumpkin, and poppy seeds. Through this product launch, the company aims to expand its product portfolio.
May2017 Agrana Group acquired Saikrupa Fruit Processing Pvt. Ltd., an Indiancompany, and formed an establishment of Agrana Fruit India Private Ltd. The acquisition is in line with company’s strategy to expand its business in Asian region.
Dec2016 Agrana Group acquired 100% of the shares of in Main Process S.A., anArgentina based company. The acquisition is in line with the company’s strategy to expand its business in South America region.
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