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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Rising Health Awareness Among Consumers to Augment the Market Growth of the Global Vegetable Concentrates Industry
The rising consciousness among consumers pertaining to the benefits of eating fresh and organic produce and the health issues associated with fast food are predicted to aid the market growth in the coming years. This can be attributed to the rising incidences of chronic illnesses worldwide as well as the rapidly growing geriatric population. Additionally, the hectic schedule of the working population is leading to the increased adoption of vegetable concentrate-based beverages, confectionery products, and soups that are ready-to-cook and consume while also being delicious and nourishing. Other factors such as the rapid urbanisation, changing consumer lifestyles, and improved purchasing power of consumers are also predicted to significantly aid the market growth in the forecast period.
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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