The market for fruit & vegetable ingredients is projected to grow at a CAGR of 6.6% to exceed $180 billion by 2019. The demand for natural fruit & vegetable-based ingredients is rising as a result of increasing consumer awareness regarding health issues caused by synthetic ingredients used for flavoring & coloring of the processed food & beverage products.
Dallas, TX -- (SBWIRE) -- 07/24/2015 -- The report "Fruit & Vegetable Ingredients Market - Global Trend & Forecast to 2019", defines and segments the fruit & vegetable ingredients market with analyses and projections of the market size in terms of value and volume. It also identifies the driving and restraining factors of the market with analyses of the trends, opportunities, restraints, and challenges. The size of the market in key regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW) has been estimated and projected.
Browse 72 market data tables and 67 figures spread through 195 pages and in-depth TOC on "Fruit & Vegetable Ingredients Market - Global Trend & Forecast to 2019"
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Food & beverage manufacturers have witnessed tremendous growth in the processed food & beverage industry in the last five years. This has substantially affected the fruit & vegetable ingredients industry and an upsurge was recorded in this industry, simultaneously. New technologies have initiated the emergence of innovative ingredients derived from fruits & vegetables. The developing countries present a viable market for the manufacturers, as these regions are emerging as potential markets with the availability of raw materials. The rise in disposable income of the growing middle-class population in developing countries is also creating demand for a broader range of products.
The fruit & vegetable ingredients market is driven by the rise in consumption of processed food & beverage products in developed and developing countries. Acquisitions formed the most preferred strategy, among the key players, to attract and retain new customers, globally. These players focused on acquiring local players of the emerging markets to expand their business on a global scale and sustain the competition prevailing in the market. New product launches also helped key players in strengthening their product portfolio.
The market for fruit & vegetable ingredients is projected to grow at a CAGR of 6.6% from 2014 to 2019. In 2013, the Europe region was the largest market. The demand for natural fruit & vegetable-based ingredients is rising as a result of increasing consumer awareness regarding health issues caused by synthetic ingredients used for flavoring & coloring of the processed food & beverage products.
The report includes development strategies and product portfolio of the leading companies such as Archer Daniels Midland Company (U.S.), Kerry Group plc (Ireland), AGRANA Group (Austria), DohlerGroup (Germany), SunOpta, Inc. (Canada), and SVZ International B.V. (The Netherlands). Other players include DIANA S.A.S. (France), Olam International Limited (Singapore), Sensient Technologies Corporation (U.S.), and SensoryEffects Ingredient Solutions (U.S.).
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