Market Overview:
The global vegetable concentrates market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for convenience foods, increasing awareness about health and wellness, and growing trend of veganism. In terms of type, the vegetable paste segment is expected to lead the market during the forecast period owing to its high demand in bakery and confectionary applications. In terms of region, Asia Pacific is projected to be the fastest-growing region during the forecast period owing to rising disposable income levels and growing population base in countries such as China and India. Some of the key players operating in this market are Kerry Group plc (Ireland), Agrana Beteiligungs-AG (Austria), Tate & Lyle PLC (U.K.), Royal Cosun BV (Netherlands), Archer Daniels Midland Company (U.S.), Cargill Incorporated (U.S.), Bunge Limited (U.S.), Wilmar International Ltd.
Product Definition:
A vegetable concentrate is a food product that has been reduced in size by removing water. It is made by cooking vegetables until they are soft, then pressing them through a sieve or mill to extract the juice. The juice is then concentrated by boiling off most of the water, leaving a thick syrup.
Vegetable Paste:
Vegetable paste is a concentrated form of vegetable products such as vegetables, fruits, and herbs. It can be used in various applications like meat extenders, flavorants for sauces or to add nutrition to food products. The product also has several other uses which are yet to be discovered completely. Vegetable paste is manufactured by concentrating the juices from raw materials using thermal or centrifugal processes and then straining them through a cloth filter into a container.
Vegetable Powder:
Vegetable powder is a concentrated form of vegetable extract. It contains various vitamins, minerals and proteins which are extracted from fresh vegetables through the process of freeze-drying. The product is used in food & beverage industry as an ingredient for manufacturing various products such as beverages, dairy products, frozen foods and snacks among others.
Application Insights:
Beverage application dominated the global vegetable concentrates market in 2017, accounting for a share of over 40.0% in terms of revenue. The segment is expected to witness significant growth on account of increasing demand for functional beverages and juices from a wide range of consumers especially in developed economies such as U.S., Germany, UK, and France. Furthermore, rising awareness regarding healthy eating habits among consumers is likely to promote the use of vegetable concentrates over the forecast period thereby driving demand for these products globally.
The bakery segment accounted for a significant share in 2017 owing to increasing consumption rates particularly among millennials who prefer baked goods made using whole grains and all-natural ingredients like vegetables powder or concentrate instead of processed ones that contain high amount artificial additives.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing consumption of vegetable concentrates in countries, such as U.S., Canada, and Mexico. Furthermore, concentration of key companies like Cargill Inc.
Asia Pacific is anticipated to be one of the fastest growing regional markets from 2018 to 2030 due to rising demand for healthier food products along with expanding food service industry sector especially in India.
Growth Factors:
- Increasing demand for convenience foods: The growing trend of busy lifestyles has led to an increase in the demand for convenient food options. Vegetable concentrates offer a convenient way to add vegetables to meals, without having to prepare them from scratch. This is driving the growth of the vegetable concentrates market.
- Rising awareness about health benefits of vegetables: There is a growing awareness among consumers about the health benefits of consuming vegetables. This is leading more people to include vegetable concentrates in their diets, which is driving the growth of the market.
- Growing popularity of plant-based diets: A number of people are now following plant-based diets, which emphasize on consuming more fruits and vegetables. This is contributing significantly towards the growth of the vegetable concentrates market as well as other related markets such as organic food products and vegan food products etcetera .
Scope Of The Report
Report Attributes
Report Details
Report Title
Vegetable Concentrates Market Research Report
By Type
Vegetable Paste, Vegetable Powder, Other
By Application
Beverage, Bakery, Confectionary, Other
By Companies
Ingredion, Milne Fruit, Dohler, Encore Fruit Marketing, SVZ Industrial, JC Dudley, Capricorn Group, Invertec Foods, Grunewald International, Silva International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Vegetable Concentrates Market Report Segments:
The global Vegetable Concentrates market is segmented on the basis of:
Types
Vegetable Paste, Vegetable Powder, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Beverage, Bakery, Confectionary, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ingredion
- Milne Fruit
- Dohler
- Encore Fruit Marketing
- SVZ Industrial
- JC Dudley
- Capricorn Group
- Invertec Foods
- Grunewald International
- Silva International
Highlights of The Vegetable Concentrates Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vegetable Paste
- Vegetable Powder
- Other
- By Application:
- Beverage
- Bakery
- Confectionary
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vegetable Concentrates Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vegetable concentrates are a type of food that is made from vegetables that have been ground into a powder. They can be used as an ingredient in foods or they can be used to make supplements.
Some of the key players operating in the vegetable concentrates market are Ingredion, Milne Fruit, Dohler, Encore Fruit Marketing, SVZ Industrial, JC Dudley, Capricorn Group, Invertec Foods, Grunewald International, Silva International.
The vegetable concentrates market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vegetable Concentrates Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vegetable Concentrates Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vegetable Concentrates Market - Supply Chain
4.5. Global Vegetable Concentrates Market Forecast
4.5.1. Vegetable Concentrates Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vegetable Concentrates Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vegetable Concentrates Market Absolute $ Opportunity
5. Global Vegetable Concentrates Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vegetable Concentrates Market Size and Volume Forecast by Type
5.3.1. Vegetable Paste
5.3.2. Vegetable Powder
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vegetable Concentrates Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vegetable Concentrates Market Size and Volume Forecast by Application
6.3.1. Beverage
6.3.2. Bakery
6.3.3. Confectionary
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vegetable Concentrates Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vegetable Concentrates Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vegetable Concentrates Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vegetable Concentrates Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vegetable Concentrates Demand Share Forecast, 2019-2026
9. North America Vegetable Concentrates Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vegetable Concentrates Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vegetable Concentrates Market Size and Volume Forecast by Application
9.4.1. Beverage
9.4.2. Bakery
9.4.3. Confectionary
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vegetable Concentrates Market Size and Volume Forecast by Type
9.7.1. Vegetable Paste
9.7.2. Vegetable Powder
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vegetable Concentrates Demand Share Forecast, 2019-2026
10. Latin America Vegetable Concentrates Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vegetable Concentrates Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vegetable Concentrates Market Size and Volume Forecast by Application
10.4.1. Beverage
10.4.2. Bakery
10.4.3. Confectionary
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vegetable Concentrates Market Size and Volume Forecast by Type
10.7.1. Vegetable Paste
10.7.2. Vegetable Powder
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vegetable Concentrates Demand Share Forecast, 2019-2026
11. Europe Vegetable Concentrates Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vegetable Concentrates Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vegetable Concentrates Market Size and Volume Forecast by Application
11.4.1. Beverage
11.4.2. Bakery
11.4.3. Confectionary
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vegetable Concentrates Market Size and Volume Forecast by Type
11.7.1. Vegetable Paste
11.7.2. Vegetable Powder
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vegetable Concentrates Demand Share, 2019-2026
12. Asia Pacific Vegetable Concentrates Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vegetable Concentrates Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vegetable Concentrates Market Size and Volume Forecast by Application
12.4.1. Beverage
12.4.2. Bakery
12.4.3. Confectionary
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vegetable Concentrates Market Size and Volume Forecast by Type
12.7.1. Vegetable Paste
12.7.2. Vegetable Powder
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vegetable Concentrates Demand Share, 2019-2026
13. Middle East & Africa Vegetable Concentrates Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vegetable Concentrates Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vegetable Concentrates Market Size and Volume Forecast by Application
13.4.1. Beverage
13.4.2. Bakery
13.4.3. Confectionary
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vegetable Concentrates Market Size and Volume Forecast by Type
13.7.1. Vegetable Paste
13.7.2. Vegetable Powder
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vegetable Concentrates Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vegetable Concentrates Market: Market Share Analysis
14.2. Vegetable Concentrates Distributors and Customers
14.3. Vegetable Concentrates Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ingredion
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Milne Fruit
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dohler
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Encore Fruit Marketing
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SVZ Industrial
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. JC Dudley
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Capricorn Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Invertec Foods
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Grunewald International
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Silva International
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
