Market Size of South America Fruit & Vegetable Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.51 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Fruit and Vegetable Ingredient Market Analysis
The fruit and vegetable ingredient in South America Market is expected to register a CAGR of 4.51% during the forecast period from 2020 to 2025.
- The rise of tourism along with the hotel and restaurant industry in South America, is opening up new avenues and demand of innovative fruit and vegetable ingredients in South America, to make final dishes appealing to foreigners, and also to meet the needs of fast altering local consumer's tastes and preferences.
- On the other hand, the country has a growing preference towards the inclusion of vegetables as an ingredient in their daily diet such as that of traditional native crops ie. potatoes, oca, olluco, mashua, quinoa, tarwi and other products that form part of the rich agricultural treasures.
South America Fruit and Vegetable Ingredient Industry Segmentation
The fruit and vegetable ingredient market in South America is segmented by ingredient type, product, application, and geography. Based on ingredients the market is segmented into fruit and vegetables. 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 ingredients market in Brazil, Argentina, Colombia, and the Rest of South 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 | |
| Brazil | |
| Argentina | |
| Colombia | |
| Rest of South America |
South America Fruit & Vegetable Ingredients Market Size Summary
The South American fruit and vegetable ingredient market is experiencing significant growth, driven by the expanding tourism and hospitality sectors, which demand innovative and appealing culinary offerings. This growth is further supported by a shift in local dietary preferences towards incorporating traditional native crops into daily diets. The food retail sector in Brazil, in particular, has shown resilience and is recovering swiftly, offering a diverse range of products that cater to varying consumer needs. The market is also witnessing a trend towards health and wellness, with imported high-performance ingredients gaining traction as middle-class incomes rise. This trend is expected to enhance the penetration of fruit and vegetable ingredients in beverages, dairy, and bakery products, as consumers seek more nutritious and organic options to combat rising obesity rates.
The market's expansion is fueled by the increasing demand for fortified food and beverage products, with suppliers focusing on manufacturing high-quality fruit and vegetable ingredients. Leading companies such as Cargill Incorporated, Archer Daniels Midland Company, and Olam International are at the forefront, emphasizing innovative product development to meet the diverse needs of end-users. Strategic acquisitions, like Dohler's purchase of Cargill's Brazilian fruit processing unit, highlight the competitive landscape as companies strive to strengthen their market presence in South America. This dynamic environment presents ample opportunities for growth, as the market continues to evolve in response to changing consumer preferences and economic conditions.
South America Fruit & Vegetable Ingredients Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Ingredient Type
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2.1.1 Fruit
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2.1.2 Vegetable
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2.2 By Product Type
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2.2.1 Concentrates
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2.2.2 Pastes & Purees
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2.2.3 Pieces & Powders
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2.2.4 NFC Juices
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2.3 By Application
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2.3.1 Beverages
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2.3.2 Confectionery Products
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2.3.3 Bakery Products
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2.3.4 Soups & Sauces
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2.3.5 Dairy Products
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2.3.6 RTE Products
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2.4 By Geography
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2.4.1 Brazil
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2.4.2 Argentina
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2.4.3 Colombia
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2.4.4 Rest of South America
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South America Fruit & Vegetable Ingredients Market Size FAQs
What is the current South America Fruit & Vegetable Ingredients Market size?
The South America Fruit & Vegetable Ingredients Market is projected to register a CAGR of 4.51% during the forecast period (2024-2029)
Who are the key players in South America Fruit & Vegetable Ingredients Market?
Cargill Incorporated, Archer Daniels Midland Company, Sensient Technologies, Dohler Group and Ingredion Incorporated are the major companies operating in the South America Fruit & Vegetable Ingredients Market.
