Market Size of North 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 | 4.20 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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 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 Fruit & Vegetable Ingredients Market Size Summary
The North America Fruits & Vegetable Ingredients Market is experiencing a notable expansion, driven by the increasing demand for ready-to-eat products that offer consistent taste and incorporate exotic fruits and vegetable ingredients. This trend is largely fueled by a shift towards healthier eating habits, with a growing number of consumers adopting vegan lifestyles and recognizing the importance of fruits and vegetables in preventing diseases. The market is further bolstered by the rising popularity of fruit and vegetable-based snacks, particularly among working women and fitness enthusiasts, who appreciate the health benefits and convenience these products offer. The market's growth is also supported by the burgeoning processed and packaged food industry, which is amplifying the demand for natural food additives, including fruit and vegetable extracts.
The market's expansion is significantly influenced by millennial consumers, who prioritize transparency and integrity in the food supply chain, leading to increased interest in USDA Organic products. Additionally, the introduction of beverage products infused with plant-based ingredients and the growing popularity of frozen meals, pizzas, and breakfast items are contributing to the market's growth. Beverage manufacturers are increasingly incorporating fruit and vegetable ingredients to manage sugar content, while dairy products like ice cream and yogurt are also utilizing these ingredients. Major industry players, such as SunOpta, Archer Daniels Midland Company, and Cargill Incorporated, are focusing on new product development and expansion strategies to strengthen their market presence.
North 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 United States
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2.4.2 Canada
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2.4.3 Mexico
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2.4.4 Rest of North America
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North America Fruit & Vegetable Ingredients Market Size 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.
