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Food and Beverages

Vegetable Concentrates Market Repor...

Historical and Forecast Market Trends

2018-34

www.expertmarketresearch.com

The global vegetable concentrates industry is being driven by the growing health awareness among consumers, leading to heightened demand for natural and organically produced products. The increased demand for vegetable powders made with broccoli and pumpkin is also predicted to bolster the market growth in the forecast period. In addition, the increased use of vegetable pieces and powders, such as beetroot powder in the production of personal care products such as soaps and face masks, are also expected to contribute to the industry growth.

The growing consumer demand for plant-based functional products leads to increased investments by the leading market players in developing efficient vegetable concentrates, which is estimated to catalyse the industry growth in the forecast period significantly. In February 2020, ADM (NYSE: ADM) announced its plans to expand the production of non-GMO soy protein concentrate suitable for all food applications at its Europoort facility in the Netherlands. Other market players such as the Nestlé Professional, a subsidiary to Nestlé (OTCMKTS: NSRGY), offer the CHEF® Vegetable Liquid Concentrate, a rich and flavourful mix of onion and parsley that can add a depth of flavour to soups and stews, among others. It boasts of containing no artificial colours, flavours, or preservatives. Such factors are expected to significantly impact the growth of the vegetable concentrates industry in the forecast period.

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Market Breakup by Category, Vegetable Types, Application, and Region:

  • The market is divided on the basis of category into paste and purees and pieces and powders.
  • Based on vegetable types, the market can be distributed into soy, carrot, tomato, peas, beetroot, and pumpkin, among others.
  • Based on application, the industry is segregated into beverages, confectionary products, bakery products, soups, and sauces, among others.
  • The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for vegetable concentrates is driven by the rising health awareness worldwide.
  • The increased demand for vegetable concentrates in confectionary products and baked goods have significantly contributed to the market expansion.
  • Heightened demand for ready-to-cook and ready-to-consume foods, especially among the working population, are also aiding the industry's growth.
  • The rising disposable incomes and improved living standards of the people are further propelling the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for vegetable concentrates for the periods (2018-2023) and (2024-2032).
  • The report also offers historical (2018-2023) and forecast (2024-2032) market information for the categories, vegetable types, applications, and major regions of vegetable concentrates.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global vegetable concentrates market are SunOpta, Inc., Döhler Group, Olam International, Symrise AG, and Kerr Concentrates, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Report Summary

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Category
  • Vegetable Types
  • Applications
  • Region
Breakup by Category
  • Paste and Purees
  • Pieces and Powders
Breakup by Vegetable Types
  • Soy
  • Carrot
  • Tomato
  • Peas
  • Beetroot
  • Pumpkin
  • Others
Breakup by Applications
  • Beverages
  • Confectionery Products
  • Bakery Products
  • Soups and Sauces
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • SunOpta, Inc.
  • Döhler Group
  • Olam International
  • Symrise AG
  • Kerr Concentrates
  • Others
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