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Global Paste Market: By Nature: Organic, Conventional; By Types: Fruits, Vegetables; By End Use: Hotels, Restaurants, and Cafes, Household, Others; By Distribution Channels; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Paste Market Outlook

The global paste market is expected to grow in the forecast period of 2022-2027 at a CAGR of 3.1%.

 

Increasing Demand for Vegetable Pastes in the Food and Beverage Industry Driving the Market Growth

The growing demand for vegetable pastes in various food and beverage products is augmenting the market growth. As the demand for food with holistic benefits is increasing, pastes of vegetables are increasingly included in packaged food and beverage products to boost their nutritional profile, hence fuelling the industry growth. Moreover, the growing preference for food that are rich sources of antioxidants, minerals, and vitamins, among others, is escalating the use of pastes, which is significantly contributing to the growth of the market.

 

Global Paste Market

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With the increasing interest in superfoods, the demand for paste of vegetables like broccoli, carrot, and kale, among others, thereby bolstering the industry growth. In addition, the growing vegan population, especially in developed countries, is increasing the development of innovative plant-based pastes. This is further surging the demand for nut pastes for incorporation into plant-based food products, thus providing impetus to the growth of the paste industry.

 

Paste: Market Segmentation

A paste is a thick and smooth food product that is made by grinding and evaporation. It is typically used in the preparation of meals as well as in the production of processed food and beverage products. A paste is also used as a thickening and flavouring agent in various food and beverages. Moreover, pastes are incorporated to boost the flavour and nutritional profiles of baked and confectionery products.

By nature, the market is bifurcated into:

  • Organic
  • Conventional

The major types of paste are:

  • Fruits
  • Vegetables

The fruits segment is divided into tropical and exotic, citrus, and berries, among others, whereas the vegetables segment is classified into tomato, garlic, onion, and peas, among others.

The market can be broadly categorised on the basis of its end uses into:

  • Hotels, Restaurants, and Cafes
  • Household
  • Others

Based on distribution channels, the market is divided into:

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Speciality Stores
  • Online Stores
  • Others

The EMR report looks into the regional markets of paste like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Demand for Pastes of Superfruits to Bolster the Market for Paste

The increasing interest in exotic fruit is surging the demand for pastes of fruits like blueberry, avocado, and acai, among others, is bolstering the growth of the market. As the consumption of on-the-go food and beverage products such as smoothies is surging, the incorporation of pastes of exotic superfruits is increasing, thereby invigorating the industry growth. Furthermore, the growing use of innovative citrus paste in food and beverage products to enhance their taste and health benefits are driving the market growth.

The increasing interest in the consumption of immunity-boosting food products, in the wake of the COVID-19 crisis, is also leading to a surge in demand for citrus pastes, hence propelling the industry growth. Moreover, the development of innovative pastes with a blend of citrus and other functional food flavours is expected to positively impact the growth of the market in the forecast period.

 

Key Industry Players in the Global Paste Market

The report presents a detailed analysis of the following key players in the global paste market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Del Monte Foods, Inc.
  • Olam Spices & Vegetables Inc.
  • Capital Foods Ltd.
  • Berrigarden GmbH
  • Chandni Paste and Dehydration Pvt. Ltd
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Nature, Types, End Use, Distribution Channels, Region
Breakup by Nature Organic, Conventional
Breakup by Types Fruits, Vegetables
Breakup by End Use Hotels, Restaurants, and Cafes, Household, Others
Breakup by Distribution Channels Hypermarkets and Supermarkets, Convenience Stores, Speciality Stores, Online Stores, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Del Monte Foods, Inc., Olam Spices & Vegetables Inc., Capital Foods Ltd., Berrigarden GmbH, Chandni Paste and Dehydration Pvt. Ltd, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Paste Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Paste Historical Market (2017-2021) 
    8.3    Global Paste Market Forecast (2022-2027)
    8.4    Global Paste Market by Nature
        8.4.1    Organic
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Conventional
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Paste Market by Types
        8.5.1    Fruits
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
            8.5.1.4    Breakup by Type
                8.5.1.4.1    Tropical and Exotic
                8.5.1.4.2    Citrus
                8.5.1.4.3    Berries
                8.5.1.4.4    Others
        8.5.2    Vegetables
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
            8.5.2.4    Breakup by Type
                8.5.2.4.1    Tomato
                8.5.2.4.2    Garlic
                8.5.2.4.3    Onion
                8.5.2.4.4    Peas
                8.5.2.4.5    Others
    8.6    Global Paste Market by End Use
        8.6.1    Hotels, Restaurants, and Cafes
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Household
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Others
    8.7    Global Paste Market by Distribution Channels
        8.7.1    Hypermarkets and Supermarkets
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Convenience Stores
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Speciality Stores
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Online Stores
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2017-2021)
            8.7.4.3    Forecast Trend (2022-2027)
        8.7.5    Others
    8.8    Global Paste Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Del Monte Foods, Inc.
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Olam Spices & Vegetables Inc.
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Capital Foods Ltd.
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Berrigarden GmbH
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Chandni Paste and Dehydration Pvt. Ltd
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
12    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Paste Market: Key Industry Highlights, 2017 and 2027
2.    Global Paste Historical Market: Breakup by Nature (USD Million), 2017-2021
3.    Global Paste Market Forecast: Breakup by Nature (USD Million), 2022-2027
4.    Global Paste Historical Market: Breakup by Types (USD Million), 2017-2021
5.    Global Paste Market Forecast: Breakup by Types (USD Million), 2022-2027
6.    Global Paste Historical Market: Breakup by End Use (USD Million), 2017-2021
7.    Global Paste Market Forecast: Breakup by End Use (USD Million), 2022-2027
8.    Global Paste Historical Market: Breakup by Distribution Channels (USD Million), 2017-2021
9.    Global Paste Market Forecast: Breakup by Distribution Channels (USD Million), 2022-2027
10.    Global Paste Historical Market: Breakup by Region (USD Million), 2017-2021
11.    Global Paste Market Forecast: Breakup by Region (USD Million), 2022-2027
12.    North America Paste Historical Market: Breakup by Country (USD Million), 2017-2021
13.    North America Paste Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Europe Paste Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Europe Paste Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Asia Pacific Paste Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Asia Pacific Paste Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Latin America Paste Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Latin America Paste Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Middle East and Africa Paste Historical Market: Breakup by Country (USD Million), 2017-2021
21.    Middle East and Africa Paste Market Forecast: Breakup by Country (USD Million), 2022-2027
22.    Global Paste Market Structure

Key Questions Answered in the Report

The global paste market is projected to grow at a CAGR of 3.1% between 2022 and 2027.

The market is being driven by the increasing demand for vegetable pastes and the rising consumption of pastes of superfoods like carrot, kale, and broccoli, among others.

The industry is expected to be aided by the increasing demand for exotic fruits in food and beverage products, the growing use of citrus pastes to boost the nutritional profile of food and beverages, and the development of innovative pastes.

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

The various natures of paste are organic and conventional.

The major types of paste in the industry are fruits and vegetables.

The different end uses of paste are hotels, restaurants and cafes, and household, among others.

The significant distribution channels in the market are hypermarkets and supermarkets, convenience stores, speciality stores, and online stores, among others.

The major players in the industry are Del Monte Foods, Inc., Olam Spices & Vegetables Inc., Capital Foods Ltd., Berrigarden GmbH, and Chandni Paste and Dehydration Pvt. Ltd, among others.

Analyst Review

The global paste market is driven by the increasing demand for vegetable pastes. Aided by the increasing demand for exotic fruits in food and beverage products, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 3.1%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its natures, the paste industry can be segmented into organic and conventional. On the basis of type, the market is classified into fruits and vegetables. By types, the market is bifurcated into vegetables and fruits. By end uses, the market is categorised into hotels, restaurants and cafes, and household, among others. Based on distribution channels, the industry is divided into hypermarkets and supermarkets, convenience stores, speciality stores, and online stores, among others. The major regional markets for paste are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Del Monte Foods, Inc., Olam Spices & Vegetables Inc., Capital Foods Ltd., Berrigarden GmbH, and Chandni Paste and Dehydration Pvt. Ltd, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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