Fruit & Vegetable Ingredients Market Projected to Reach $180 Billion by 2019, Report by MarketsandMarkets
(PRWEB) February 17, 2015 -- The Fruit & Vegetable Ingredients Market - Global Trend & Forecast to 2019 report has been published by MarketsandMarkets. It identifies the driving and restraining factors of the market with analyses of the trends, opportunities, restraints, and challenges. The size of the market in key regions such as North America, Europe, Asia-Pacific, and Rest of the World (ROW) has been projected.
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Browse 73 market data tables and 67 figures spread through 195 pages and in-depth TOC on Fruit & Vegetable Ingredients Market.
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The fruit & vegetable ingredients market is driven by the rise in consumption of processed food & beverage products in developed and developing countries. Acquisitions formed the most preferred strategy, among the key players, to attract and retain new customers, globally. These players focused on acquiring local players of the emerging markets to expand their business on a global scale and sustain the competition prevailing in the market. New product launches also helped key players in strengthening their product portfolio. The market for fruit & vegetable ingredients is projected to grow at a CAGR of 6.6% from 2014 to 2019. In 2013 the Europe region was the largest market.
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The fruit & vegetable ingredients market is segmented on the basis of key types, applications, and regions. The fruit & vegetable ingredients industry is restrained by strict food safety legislation and seasonal variations in the supply of raw materials.
To maintain a competitive edge in the fruit & vegetable ingredients market, the key players used acquisition as a strategy to move into new and untapped markets, acquiring local industry players and building a new, long-term customer base. This has not only enabled key players to expand their geographical reach, but also reinforced their market position by gaining a larger share in terms of revenues and product portfolios.
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