Authored By: Sarah
11 Jul 2024

 Vegetable Concentrates Market Size to grow by USD 96.8 million between 2024-2028

According to a research report “ Vegetable Concentrates Market” by Type (Paste and purees, Pieces and powders) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 96.8 million, at a CAGR of  3.27% during the forecast period. The urbanization and consumerism trends have significantly influenced consumer preferences towards healthier food options. A healthy populace is crucial for a nation's social and economic growth. Consumers are increasingly conscious of their health, leading them to prepare juices, smoothies, and soups at home. These beverages offer an easy and convenient way to consume the daily recommended servings of fruits and vegetables, which are rich sources of essential vitamins and minerals. Vegetables play a pivotal role in maintaining good health and are therefore in high demand among health-conscious consumers. The vegetable concentrate market is experiencing significant growth due to this increasing demand for nutrient-dense food products.

Browse market data tables, figures, and in-depth TOC on “Vegetable Concentrates Market” by Type (Paste and purees, Pieces and powders) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Type, the Paste and purees segment is projected to dominate the market size in 2024

ai_market_segmentation_by

By Geography, North America  segment is expected to hold the largest market size for the year 2024

The Vegetable Concentrates market represents a significant business opportunity for manufacturers and suppliers. These concentrates, derived from various vegetables, offer numerous advantages such as extended shelf life, improved nutritional value, and consistent quality. Key players in this industry focus on innovation, sustainability, and cost-effectiveness to cater to the evolving consumer preferences and regulatory requirements. The market is expected to grow steadily due to increasing demand from the food and beverage, pharmaceutical, and nutraceutical industries.

North America is forecasted to hold the largest market size by region in 2024

The Vegetable Concentrates Market represents a significant business opportunity for manufacturers and suppliers due to increasing consumer preference for healthy, nutrient-dense foods. These concentrates offer a cost-effective and convenient solution for food and beverage companies to enhance their product offerings, with benefits including extended shelf life, improved flavor, and enhanced nutritional value. Key market drivers include rising health consciousness, population growth, and technological advancements in production processes.

The Vegetable Concentrates Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Archer Daniels Midland Co.
  • BMT Commodity Corp.
  • Brecon Foods Inc.
  • Capricorn Food Products India Ltd.
  • Cooperatie Koninklijke Cosun UA
  • Dohler GmbH
  • Encore Fruit Marketing Inc.
  • Flavourtech Pty Ltd.
  • Grunewald International
  • Ingredion Inc.
  • Invertec Foods
  • JC Dudley and Co Ltd.
  • Kanegrade Ltd.
  • LEMONCONCENTRATE SLU
  • Milne
  • Nestle SA
  • Rahal Fruits and Flavors Inc.
  • Sensient Technologies Corp.
  • SunOpta Inc.
  • Symrise AG
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

Vegetable concentrates have gained significant attention in the food processing industries due to their functionality and cost-effectiveness. These concentrates come in various forms such as powders and purees, derived from natural vegetable ingredients. They offer several advantages, including low production costs, long shelf life, and high nutritive value. The vegetable concentrates market caters to diverse industries, including the baby food industry, dairy industry, and beverage industry. In baby food production, concentrates serve as natural food additives, enhancing the nutritional value and flavor of the products. In the dairy industry, they are used as ingredients in cheese and yogurt production, while in the beverage industry, they are utilized in the production of juices and smoothies. Culinary professionals and food manufacturers also use vegetable concentrates to add flavor and nutritional value to packaged food products. The large-scale production of vegetable concentrates ensures a consistent supply of high-quality ingredients, making them an essential component of the food processing industry. Despite the benefits, the storage costs of vegetable concentrates can be a concern for some manufacturers. However, the growing health consciousness among consumers and the increasing demand for natural and nutritious food products make the investment worthwhile. Overall, vegetable concentrates are a valuable addition to the food industry, offering functionality, cost-effectiveness, and nutritional value.

Market Research Overview

The vegetable concentrates market is witnessing significant growth due to the increasing health benefits associated with plant-based and vegan diets. This fragmented market comprises both international and local players, offering a wide range of vegetable concentrates, including mushroom, plums, black beans, chillis, zucchini powder, and more. These concentrates function as natural food additives, providing nutritional benefits and enhancing the flavor of various food products. The market's growth can be attributed to the rising demand for gluten-free meals, functional ingredients, and health and wellness. Vegetable concentrates, such as zucchini powder and dried zucchini shreds, offer high nutritional value, including minerals and vitamins, antioxidant content, and low fructose levels, making them ideal for diabetics. The market's technological advancements have led to large-scale production with low production costs, making vegetable concentrates accessible to a wider audience. The beverage industry, baby food industry, dairy industry, and food processing industries are significant consumers of vegetable concentrates, using them as functional ingredients in soups, baking products, vegetable smoothies, and more. Culinary professionals and food manufacturers also use vegetable concentrates to enhance the nutritive value and shelf life of their products.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio