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Global Vegetable Concentrates Market to Grow at a CAGR of 3.40% During 2022-2027, Aided by the Rising Health Awareness among Consumers

Vegetable Concentrates Market

Global Vegetable Concentrates Market Share, Growth, Analysis: By Category: Paste and Purees, Pieces and Powders; By Vegetable Types: Soy, Carrot, Tomato, Peas, Beetroot, Pumpkin, Others; By Applications: Beverages, Confectionery Products, Bakery Products, Soups and Sauces, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Vegetable Concentrates Market Outlook

The global vegetable concentrates market stood at a value of around USD 4.4 billion in 2021. The market is further expected to grow at a CAGR of 3.40% in the forecast period of 2024-2032 to attain a value of USD 5.4 billion by 2027.

 

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.

 

Global Vegetable Concentrates Market

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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.

 

Growing Use of Vegetable Concentrates in the Asia Pacific to Aid the Global Vegetable Concentrates Industry

The Asia Pacific is predicted to possess a significant share of the vegetable concentrates industry in the forecast period. This growth can be attributed to the increasing organic farming in the region. In addition, the availability of low cost labour is also predicted to aid the industry growth in the forecast period. Meanwhile, Europe is predicted to occupy a considerable market share owing to factors including the inflating disposable incomes, improved living standards, and the heightened demand for natural ingredients, which is predicted to positively impact the market growth in the forecast period.

 

Vegetable Concentrates: Market Segmentation

Concentrate is a form of a substance that has the majority of its base component removed, such as water in the case of fruits and vegetables. This helps reduce the weight of the product. It is used in the form of paste, purees, and powders to be added to various recipes. In addition, vegetable concentrates have a long shelf-life, which allows for prolonged usage.

 

Global Vegetable Concentrates Market

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By category, the market is divided into:

  • Paste and Purees
  • Pieces and Powders

On the basis of vegetable types, the market can be segmented into:

  • Soy
  • Carrot
  • Tomato
  • Peas
  • Beetroot
  • Pumpkin
  • Others

Based on application, the market can be categorised into:

  • Beverages 
  • Confectionery Products
  • Bakery Products 
  • Soups and Sauces
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

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.

 

Global Vegetable Concentrates Market

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Key Industry Players in the Global Vegetable Concentrates Market

The report gives a detailed analysis of the following key players in the global vegetable concentrates market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • SunOpta, Inc.
  • Döhler Group
  • Olam International
  • Symrise AG
  • Kerr Concentrates
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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, 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 SunOpta, Inc., Döhler Group, Olam International, Symrise AG, Kerr Concentrates, 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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Vegetable Concentrates Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Vegetable Concentrates Historical Market (2018-2023) 
    8.3    Global Vegetable Concentrates Market Forecast (2024-2032)
    8.4    Global Vegetable Concentrates Market by Category
        8.4.1    Paste and Purees
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Pieces and Powders
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Vegetable Concentrates Market by Vegetable Types
        8.5.1    Soy
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Carrot
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Tomato
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Peas
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Beetroot
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Pumpkin
            8.5.6.1    Historical Trend (2018-2023)
            8.5.6.2    Forecast Trend (2024-2032)
        8.5.7    Others
    8.6    Global Vegetable Concentrates Market by Applications
        8.6.1    Beverages
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Confectionery Products
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Bakery Products
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Soups and Sauces
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others
    8.7    Global Vegetable Concentrates Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032) 
9    North America Vegetable Concentrates Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Vegetable Concentrates Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Vegetable Concentrates Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Vegetable Concentrates Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Vegetable Concentrates Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    SunOpta, Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Döhler Group
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Olam International
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Symrise AG
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Kerr Concentrates
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Vegetable Concentrates Market: Key Industry Highlights, 2018 and 2032
2.    Global Vegetable Concentrates Historical Market: Breakup by Category (USD Billion), 2018-2023
3.    Global Vegetable Concentrates Market Forecast: Breakup by Category (USD Billion), 2024-2032
4.    Global Vegetable Concentrates Historical Market: Breakup by Vegetable Types (USD Billion), 2018-2023
5.    Global Vegetable Concentrates Market Forecast: Breakup by Vegetable Types (USD Billion), 2024-2032
6.    Global Vegetable Concentrates Historical Market: Breakup by Applications (USD Billion), 2018-2023
7.    Global Vegetable Concentrates Market Forecast: Breakup by Applications (USD Billion), 2024-2032
8.    Global Vegetable Concentrates Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Vegetable Concentrates Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Vegetable Concentrates Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Vegetable Concentrates Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Vegetable Concentrates Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Vegetable Concentrates Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Vegetable Concentrates Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Vegetable Concentrates Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Vegetable Concentrates Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Vegetable Concentrates Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Vegetable Concentrates Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Vegetable Concentrates Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Vegetable Concentrates Market Structure

Key Questions Answered in the Report

What was the global vegetable concentrates market size in 2021?

In 2021, the global vegetable concentrates market attained a value of nearly USD 4.4 billion.

What is the growth rate of the market?

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

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 5.4 billion by 2027.

What are the major industry drivers?

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.

What are the key industry trends of the global vegetable concentrates market?

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

What are the major regional markets of vegetable concentrates, according to the EMR report?

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

What are the different categories of the product?

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

What are the significant vegetable types considered within the market report?

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

What are the significant applications of the product?

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

Who are the key industry players, according to the report?

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

Analyst Review

The global vegetable concentrates market attained a value of USD 4.4 billion in 2021, driven by the rising disposable incomes. Aided by the growing awareness among consumers regarding health and fitness, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.40%. The market is projected to reach USD 5.4 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By category, the market can be distributed into paste and purees, and pieces and powders. On the basis of vegetable type, the industry can be segmented into soy, carrot, tomato, peas, beetroot, pumpkin, and others. Based on application, the market can be categorised into beverages, confectionery products, bakery products, soups and sauces, and others. The major regional markets for vegetable concentrates are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include SunOpta, Inc., Döhler Group, Olam International, Symrise AG, Kerr Concentrates, and 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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