Fruit and vegetable concentrates find diverse applications in the food and beverage industry. They are used to enhance the flavor, color, and nutritional value of various products such as juices, smoothies, sauces, soups, and bakery items. The concentrates are rich in vitamins, minerals, and antioxidants, making them valuable ingredients in health-conscious products. Their long shelf life and ease of transportation also make them ideal for reducing food waste and ensuring year-round availability of fruits and vegetables in processed food items.
According to Data Bridge Market Research, the Global Fruit and Vegetable Concentrates Market is expected to grow with a CAGR of 5.90% in the forecast period of 2022 to 2029.
“Rising popularity of convenience foods boosts the market’s growth”
The rising popularity of convenience foods is a significant driver of the fruit and vegetable concentrates market growth. As consumers increasingly opt for ready-to-eat and easy-to-prepare food products, manufacturers incorporate fruit and vegetable concentrates for their natural flavor, color, and nutritional benefits. Concentrates enhance the taste and nutritional profile of convenience foods such as juices, soups, sauces, and snacks. With the convenience food trend gaining momentum globally, the demand for fruit and vegetable concentrates is surging, contributing to the market's expansion.
What restraints the growth of the global fruit and vegetable concentrates market?
“Stringent food safety legislations restraints the market’s growth”
Stringent food safety legislation act as a significant restraint on the fruit and vegetable concentrates market growth. These regulations require manufacturers to comply with strict quality standards and ensure the safety of their products for human consumption. Meeting these requirements may involve additional testing, documentation, and quality control measures, leading to increased production costs. Moreover, failure to comply with food safety regulations can result in severe penalties and reputational damage. As a result, these regulations can create barriers to entry and expansion in the market.
Segmentation: Global Fruit and Vegetable Concentrates Market
The global fruit and vegetable concentrates market is segmented on the basis of category and application.
- On the basis of category, the fruit and vegetable concentrates market is segmented into fruits and vegetables.
- On the basis of application, the fruit and vegetable concentrates market is segmented into beverages, confectionery products, RTE products, bakery products, soups and sauces, dairy products, and other applications.
Regional Insights: Europe dominates the Global Fruit and Vegetable Concentrates Market
Europe region dominates the fruit and vegetable concentrates market and will continue to flourish its trend of dominance during the forecast period due to a surge in organic farming practices and a growing demand for organic products. As consumers prioritize healthier and sustainable choices, the demand for fruit and vegetable concentrates derived from organic sources is expected to rise during the forecast period of 2022 to 2029, driving market growth.
Asia-Pacific, on the other hand is expected to show lucrative growth due to increasing production of fruits and vegetables with low labor costs is expected to positively impact the fruit and vegetable concentrates market during the forecast period. The availability of affordable labor enhances the production efficiency, leading to higher yields of raw materials for concentrates, supporting market growth in the region.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-fruit-and-vegetable-concentrates-market
The Prominent Key Players Operating in the Global Fruit and Vegetable Concentrates Market Include:
- AGRANA Beteiligungs-AG (Germany)
- ADM (U.S.)
- Sensient Colors LLC (U.S.)
- Kerry Group (Ireland)
- SunOpta (U.S.)
- Symrise (Germany)
- Döhler GmbH (Germany)
- SensoryEffects, Inc. (U.S.)
- SVZ Industrial Fruit & Vegetable Ingredients (Netherlands)
- Ingredion Incorporated (U.S.)
- Nestlé (Switzerland)
- Rahal Fruits & Flavors, Inc. (U.S.)
- Brecon Foods Inc. (Canada)
- JC Dudley & Co Ltd. (U.K.)
- BMT Commodity Corp. (U.S.)
- PAULA Ingredients (Germany)
- Flavourtech (Australia)
- LemonConcentrate S.L. (Spain)
- Capricorn Food Products India Ltd. (India)
Above are the key players covered in the report, to know about more and exhaustive list of global fruit and vegetable concentrates market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Fruit and Vegetable Concentrates Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
