Latin America Fruit And Vegetable Ingredients Market

Latin America Fruit and Vegetable Ingredients Market Growth and Forecast (2023 - 2028):

Latin America Fruit and Vegetable Ingredients Market was worth USD 21.87 billion in 2022 and estimated to be growing at a CAGR of 5.1%, to reach USD 28.04 billion by 2028.

Market Overview:

Fruits and Vegetables are essential constituents of a solid eating routine, and their regular consumption could help counteract ailments, for example, cardiovascular sicknesses and certain malignancies. Around 1.7 million deaths over the world have occurred because of low consumption of Fruits and vegetables.

Vegetables and organic products contain different minerals and vitamins which are useful for wellbeing. They include vitamin A, C and E, Zinc, phosphorus, magnesium and folic acid, which are helpful for replenishment of the body.

Drivers and Restraints:

The increasing wellbeing and health mindfulness among customers, and increasing pay levels have reinforced the viability of vegetables and organic product fixings as colouring agents and flavour enhancers. Other than this, the increasing dispensable cash flow of the Latin American white collar class populace in developing nations is encouraging the market. With reference to the benefits given by Fruit and vegetable based ingredients, the government is empowering the Fruit and vegetable ingredients industry which will boost the Latin America market. The seasonal variations in the supply of raw materials are restraining the growth of the fruit & vegetable ingredients market.

Latin America Fruit and Vegetable Ingredients Market Segmentation Analysis:

The Latin America Fruit and Vegetable Ingredients market is segmented on the basis of category which includes Fruits and Vegetables, by the type of ingredients the Latin America fruits and vegetable ingredients market is segregated into concentrates, pastes and purees, not from concentrates (NFC), and pieces and powders. On the basis of applications, the Latin America fruit and vegetable ingredients industry can be segmented into confectionary products, beverages, and bakery products, ready to eat products, sauces and soups, dairy products, and others which include spreads, dips, toppings, dressings and puddings.

Region Analysis:

Geographically the Latin America Fruit And Vegetable Ingredients Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. The huge rise in spending in the Fruit and vegetable ingredients market has increased the demand in the market. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia. The availability of large customer base with rising disposable incomes is set to drive the market in the foreseeable future.

Key Players in the Market:

Major Key Players in the Latin America Fruit And Vegetable Ingredients Market are

• Archer Daniels Midland (U.S.)
• Agrana Group (Austria)
• Dohler Group (Germany)
• Kerry (Ireland)
• SunOpta (Canada)
• SVZ International (The Netherlands
• Olam International (Singapore)
• Diana S.A.S (France)
• SensoryEffects Ingredient Solutions (U.S.)
• Sensient Technologies (U.S.)