The Latin America, Middle East and Africa Fruit And Vegetable Pulp Market would witness market growth of 9.1% CAGR during the forecast period (2023-2030).
Urbanization has also resulted in rising baby food sales due to customers' busy lifestyles. As a result of their lack of time to prepare meals at home, city dwellers buy baby food products to provide for their kids' essential needs. Because ready-made baby foods are more popular and have superior tastes, which increases the likelihood that newborns will like them, the demand for these products is rising.
Consumers are spending money on a holistic perspective on health and wellness that covers almost every aspect of life due to their recent increase in nutrition awareness and vigilance. It has opened up opportunities for food producers as well as pulp suppliers because a clean label is generally considered to be a sign of healthy and safe food, considering three consumer prospects, nutrition, ingredients, and sustainability.
Additionally, the use of cutting-edge practices and equipment has allowed producers of food and beverages to increase output and structure their business processes for greater overall performance. The hotel and tourist industry ranks among the top revenue-producing industries with a £66 billion gross value added (GVA) contribution.
81% of the population of Latin America and the Caribbean (LAC) lives in urban areas, making it the second most urbanized region in the world. This region is also among the worst impacted by childhood obesity and overweight, with 7.5% (almost 4 million) of children under the age of 5 being overweight and 30% of kids and teenagers between the ages of 5 and 19 being overweight or obese. As a result, both regional governments and consumers are more cautious about what they consume. The demand for healthy goods, such as fruit and vegetable juices, smoothies, etc., has increased.
Furthermore, hotels in the UAE, particularly in Dubai, are anxious to spruce up their premises by including a significant amount of designer flair to set themselves apart from other hospitality services. As a result of the large number of visitors, there is an increasing number of companies in the services industry. Demand for unusual and healthful foods and beverages has grown due to the hospitality industry's expansion. These factors will aid in the market's growth in the LAMEA region.
The Brazil market dominated the LAMEA Fruit And Vegetable Pulp Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $81.8 million by 2030. The Argentina market is estimated to grow at a CAGR of 9.7% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 8.8% during (2023 - 2030).
Based on Source, the market is segmented into Fruit Pulp (Mango, Berries, Apple, Citrus Fruits, Strawberry, and Others), Vegetable Pulp. Based on Distribution Channel, the market is segmented into B2B, and B2C. Based on Application, the market is segmented into Food, Animal Feed, and Health & Wellness, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Fruit And Vegetable Pulp Market is Projected to reach USD 4.7 Billion by 2030, at a CAGR of 6.8%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Keventer Agro Limited, Conagra Brands, Inc., PepsiCo, Inc., ABC Fruits, Dohler GmbH, AGRANA Beteiligungs-AG, Pursuit Industries Private Limited (PIPL), Iprona AG, Kiril Mischeff Limited, Ingredion Incorporated
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