South America Fruit and Vegetable Ingredient Market Size
| 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 |
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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 Market Trends
This section covers the major market trends shaping the South America Fruit & Vegetable Ingredient Market according to our research experts:
Growing Popularity of Food Retailing Industry in Brazil
Across Brazil, food retailing is one of the growing sectors that has garnered significant growth which post hit by the recession, food retailers were less affected and seem to be recovering faster than other segments of the economy. The position of food retailers that enables them to offer customers with a different combination of price, convenience, and purchasing costs have led manufacturers to redesign their product offering. On the other hand, imported products with high-performance ingredients present good market potential over the coming as trends such as health and wellness (H&W) and the increasing income middle-class continue to be important growth drivers in the country.
Beverages holds significant growth, followed by dairy & bakery segment
The fruit & vegetable ingredient market is expected to witness a growing penetration in the beverage segment followed by dairy and bakery products. Rising consumption levels across all processed beverage categories have led to plenty of promise for new products, sales, and new beverage players. Although countries such as Brazil have reduced the consumption of milk, there has been a lateral increase in terms of dairy product consumption.
Expanding opportunities in the South American fruit and vegetable ingredient market can be attributed to the increasing demand for enhanced nutritional and organic products due to the growing obesity trends in South America. This is increasing the demand for fruit and vegetable ingredients, whose suppliers are manufacturing these quality products, that can be added to fortified food and beverage products.
South America Fruit and Vegetable Ingredient Industry Overview
Some of the leading manufacturers and suppliers of the fruit and vegetable ingredient in South America are Cargill Incorporated, Archer Daniels Midland Company, and Olam International. The major companies in the South America fruit and vegetable ingredient market are majorly focused on developing innovative product launches to cater to the increasing demand of end-users and end-user industries for tailored formulations, using farm-fresh fruits and vegetables.
In terms of the acquisition, in June 2017, Dohler acquired Cargill Brazilian fruit processing unit to increase its footprint in the South American region. This acquisition by Dohler was made to increase its presence in the South American market by increasing its production in the region.
South America Fruit and Vegetable Ingredient Market Leaders
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Cargill Incorporated
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Archer Daniels Midland Company
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Sensient Technologies
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Dohler Group
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Ingredion Incorporated
*Disclaimer: Major Players sorted in no particular order
South America Fruit and Vegetable Ingredient Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & Market Definitions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Ingredient Type
- 5.1.1 Fruit
- 5.1.2 Vegetable
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5.2 By Product Type
- 5.2.1 Concentrates
- 5.2.2 Pastes & Purees
- 5.2.3 Pieces & Powders
- 5.2.4 NFC Juices
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5.3 By Application
- 5.3.1 Beverages
- 5.3.2 Confectionery Products
- 5.3.3 Bakery Products
- 5.3.4 Soups & Sauces
- 5.3.5 Dairy Products
- 5.3.6 RTE Products
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5.4 By Geography
- 5.4.1 Brazil
- 5.4.2 Argentina
- 5.4.3 Colombia
- 5.4.4 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Position Analysis
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6.3 Company Profiles
- 6.3.1 Archer Daniels Midland Company
- 6.3.2 Frutarom Industries Ltd
- 6.3.3 Sensient Technologies Corporation
- 6.3.4 Cargill Incorporated
- 6.3.5 BR Ingredients
- 6.3.6 Doehler Group
- 6.3.7 Ingredion Incorporated
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablitySouth 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 and Vegetable Ingredient Market Research 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.
What years does this South America Fruit & Vegetable Ingredients Market cover?
The report covers the South America Fruit & Vegetable Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Fruit & Vegetable Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South American Fruit Industry Report
Statistics for the 2024 South American Fruit market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South American Fruit analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
