North America Fruits & Vegetable Ingredients Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.20 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Fruits & Vegetable Ingredients Market Analysis
The North America Fruit & Vegetable Ingredient Market is expected to register a CAGR of 4.2%, over the forecast period, 2020 to 2025.
- The growth in consumption of ready-to-eat products that are consistent in taste saves time and includes exotic fruits and vegetable ingredients is driving the North American market. The shift toward healthy eatables driven by rising adoption of the vegan lifestyle and the growing realization of the crucial role of fruits & vegetables in disease prevention is also accelerating the market growth.
- There is a strong growth observed in the sales of fruits and vegetable-based snack products especially from working women and gym-goers segment. The perceived health benefits of such products coupled with on-the-go convenience and indulgence are fueling the market growth of fruit and vegetable ingredients in North America.
North America Fruits & Vegetable Ingredients Market Trends
This section covers the major market trends shaping the North America Fruit & Vegetable Ingredients Market according to our research experts:
Growing preference for Organic Food across North America
The fruit and vegetable ingredients market in North America is driven by sales growth in organic food products, the surge in the popularity of clean label ingredients, and greater consumer desire for healthy indulgence. The rapid expansion of the processed and packaged food industry is expected to accelerate the demands for natural food additives, eventually driving the sales of fruit and vegetable extracts.
Most of the market growth is driven by the millennial consumer segment, where the notion towards, transparency and integrity in the food supply chain, has led to the popularity of the USDA Organic seal thereby gaining new appeal from consumers. In addition, North America has witnessed an increase in the launch of beverage products infused with plant-based ingredients, the growing popularity of frozen dinners, entr茅es, pizzas, and breakfast products have also supplemented the growth of fruit and vegetable ingredients market.
Beverages Segment is expected to be the fastest growing, over the forecast period
The refreshment along with nutrition has paved a long way over the past years, which at present has leveraged the ground for vegetable and fruit-based ingredients across beverages. Vegetable ingredients are gaining popularity among consumers who values them as a healthy part of their diet.
Beverage manufacturers are using both fruit and vegetable ingredients that enable them to fit the sugar content in juices, however, there is a rising demand in other segments as well. Among the segment studied, dairy products such as ice cream and yogurt, are using vegetable ingredients and the same can be witnessed across children's snacks and cereals.
North America Fruits & Vegetable Ingredients Industry Overview
Major players operating in the North America Fruit & Vegetable ingredients market are SunOpta, Archer Daniels Midland Company, Frutarom, Sensient Technologies Corporation, Cargill Incorporated, Symrise, among others.
New product development is one of the strategies that companies are looking forward to have a strong hold in the market. Major player such as Archer Daniels Midland Company, in October 2016, has launched a new line of unique fruit and vegetable functional extracts that can deliver concentrated dose of antioxidant compounds beta-carotene and anthocyanin in several food, beverage and supplement applications.
Expansion has always played a major role for players, that enables them to penetrate any domestic market. In October 2016, Cargill Incorporated had started its new innovation center in China to create new food products and flavors for its consumers' demand in the country.
North America Fruits & Vegetable Ingredients Market Leaders
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Cargill Incorporated
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Sensient Technologies
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Archer Daniels Midland Company
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Frutarom
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Ingredion Incorporated
*Disclaimer: Major Players sorted in no particular order
North America Fruits & Vegetable Ingredients Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definitions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Ingredient Type
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5.1.1 Fruit
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5.1.2 Vegetable
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5.2 By Product Type
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5.2.1 Concentrates
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5.2.2 Pastes & Purees
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5.2.3 Pieces & Powders
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5.2.4 NFC Juices
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5.3 By Application
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5.3.1 Beverages
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5.3.2 Confectionery Products
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5.3.3 Bakery Products
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5.3.4 Soups & Sauces
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5.3.5 Dairy Products
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5.3.6 RTE Products
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5.4 By Geography
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5.4.1 United States
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5.4.2 Canada
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5.4.3 Mexico
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5.4.4 Rest of North America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 SunOpta, Inc
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6.3.2 Archer Daniels Midland Company
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6.3.3 Frutarom Industries Ltd.
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6.3.4 Sensient Technologies Corporation
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6.3.5 Cargill Incorporated
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6.3.6 Symrise AG
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6.3.7 SVZ INTERNATIONAL B.V.
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6.3.8 Ingredion Incorporated
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Fruits & Vegetable Ingredients Industry Segmentation
The North America fruit & vegetable ingredient market is segmented by ingredient, product, and application. Based on ingredient type the market is segmented into fruit and vegetable. Based on product the market is segmented into concentrates, pastes and purees, pieces and powders, and NFC juices. Based on application the market is segmented into beverages, confectionery products, bakery products, soups and sauces, dairy products, and RTE products. Based on Geography, the study provides an analysis of the fruit & vegetable ingredient market in the United States, Canada, Mexico, and Rest of North America.
| By Ingredient Type | |
| Fruit | |
| Vegetable |
| By Product Type | |
| Concentrates | |
| Pastes & Purees | |
| Pieces & Powders | |
| NFC Juices |
| By Application | |
| Beverages | |
| Confectionery Products | |
| Bakery Products | |
| Soups & Sauces | |
| Dairy Products | |
| RTE Products |
| By Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Fruits & Vegetable Ingredients Market Research FAQs
What is the current North America Fruit & Vegetable Ingredients Market size?
The North America Fruit & Vegetable Ingredients Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)
Who are the key players in North America Fruit & Vegetable Ingredients Market?
Cargill Incorporated, Sensient Technologies, Archer Daniels Midland Company, Frutarom and Ingredion Incorporated are the major companies operating in the North America Fruit & Vegetable Ingredients Market.
What years does this North America Fruit & Vegetable Ingredients Market cover?
The report covers the North America Fruit & Vegetable Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Fruit & Vegetable Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Fruits & Vegetable Ingredient Industry Report
Statistics for the 2024 North America Fruits & Vegetable Ingredient market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. North America Fruits & Vegetable Ingredient analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
