Why Is the Fruit and Vegetable Ingredients Market Expected to Reach $294.5 Billion by 2030?

Meticulous Research®, a prominent global market research firm, has recently published a comprehensive report titled “Fruit and Vegetable Ingredients Market by Category (Fruit, Vegetable), Type (Pieces, Powders, Concentrates, Purees, Paste), Nature (Organic, Conventional), and Application (Beverages, Bakery, Dairy, Soups, Sauces, Savory) – Global Forecast to 2030”. This report provides valuable insights into the trajectory of the fruit and vegetable ingredients market, which is projected to reach $294.5 billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.

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The report highlights several factors driving this market’s growth, including an increasing preference for natural ingredients and the wide range of benefits these ingredients offer in the food and beverage sector. The growing demand for ready-to-eat (RTE) and ready-to-drink (RTD) products, combined with the rise of functional food products and the expansion of emerging economies, is expected to create new opportunities for market players. However, the market faces challenges due to fluctuating raw material prices and issues related to storage and handling, which could slow growth to some extent.