The North America Fruit And Vegetable Pulp Market would witness market growth of 6.3% CAGR during the forecast period (2023-2030).
In order to make clean-label products, businesses can use fruit and vegetables as appropriate ingredients because they require little processing and chemical modifications. Manufacturers are taking advantage of the growing customer demand for sugar-free and low-sugar products to experiment with alternative sweeteners made from naturally occurring fruits and vegetables.
Nutritionists and doctors have stated that a person can prevent diabetes, heart disease, and cancer with a diet rich in fruits and vegetables. They also state consuming two types of fruit and five different vegetables daily to maintain optimum health. As a result, many producers have begun using fruit and vegetable pulps as a healthier alternative for snacks & confectionery items.
Additionally, producers now use fruit and vegetable pulps for natural color and flavor applications due to the growing desire for food sources that are naturally produced. In addition, the growing number of consumers concerned about their health is driving demand across the board.
With several major cities in the US and Canada having populations of over a million, both countries have significant urbanization rates. On top of that, the region is home to a renowned catering industry. The abundance of supermarkets and hypermarkets, as well as the resilience of contemporary retail establishments, are other elements that add to the low cost and high demand.
The region also includes a sizable sector dedicated to cultivating fruits and vegetables, supporting market participants by supplying raw materials. British Columbia, Ontario, and Quebec together accounted for 86% of Canada's total fruit production volume in 2021. Moreover, Canada is the second-largest blueberry producer in the world, and the sector has a completely integrated processing and production supply chain. Hence, the region presents lucrative growth prospects for the market.
The US market dominated the North America 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 $848.5 million by 2030. The Canada market is poised to grow at a CAGR of 8.7% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 7.7% 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 U.S., Mexico, Canada, and Rest of North America.
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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