Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Heightened Demand for Paste and Purees to Augment the Global Vegetable Concentrates Industry

Based on category, the paste and purees segment is predicted to possess a significant market share of the vegetable concentrates industry. This growth can be attributed to the increased demand for natural ingredients in various recipes.

 

In addition, vegetable concentrates offer a maximised flavour, which can help enhance the taste and colour of the dish. Meanwhile, the heightened demand for soups and sauces are also predicted to aid the market growth in the coming years, fuelled by the rising disposable incomes and improved living standards of consumers.

 

Vegetable Concentrates Market Report Snapshots

Vegetable Concentrates Market Size

Vegetable Concentrates Market Demand

Vegetable Concentrates Market Growth

Vegetable Concentrates Market Regional Analysis

Vegetable Concentrates Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global vegetable concentrates market attained a value of nearly USD 4.70 billion.

The market is projected to grow at a CAGR of 3.40% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 6.38 billion by 2032.

The major drivers of the industry, such as the increased demand for natural and organic products, rising demand for vegetable concentrate-based purees and soups in various recipes, rising disposable incomes, changing consumer lifestyles, improved purchasing power, and the availability of a wide variety of vegetable concentrates, are expected to aid the industry growth.

The key market trends guiding the growth of the industry include the growing focus on health and fitness.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The different categories include paste and purees, and pieces and powders.

The significant vegetable types include soy, carrot, tomato, peas, beetroot, pumpkin, and others.

The significant applications include beverages, confectionery products, bakery products, soups and sauces, and others.

The major players in the industry are SunOpta, Inc., Döhler Group, Olam International, Symrise AG, Kerr Concentrates, and others.

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