Vegetable Extracts Market to Expand at CAGR of 6.7% During Forecast Period, Observes TMR Study


  • The global vegetable extracts market is expected to rise rapidly due to enormous growth potential in the baby food industry

ALBANY, N.Y., March 22, 2022 (GLOBE NEWSWIRE) -- The value of global vegetable extracts market surpassed US$ 31.8 Mn in 2021. The global market is anticipated to develop at a CAGR of 6.7% during the forecast period, from 2021 to 2031.The global vegetable extracts market is expected to cross the value of US$ 60.9 Bn by the end of 2031. Food producers make use of vegetable extracts in a broad selection of items, including salads, snacks, and savory meals, soups, baby feeds, as well as dressings and sauces. Vegetable extracts also have a sizable market in both the foodservice and retail/household businesses.

In order to counterbalance the downsides of dehydrated vegetable extracts, companies are raising knowledge about alternate food preparation methods such as rehydration, correct storage methods, and recommendations on how to utilize dehydrated vegetable extracts in normal cooking. Vacuum drying and air-drying procedures, for instance, are gaining popularity, as they extend the shelf life of vegetables whilst also retaining their flavor, texture, and nutritional content.

Plant-based goods have grown in demand in a short period of time, resulting in a rapid increase in the demand for vegetable extracts. Vegetable-derived products have several health advantages, and can be used as food additives in various vegan food products. Vegetable extracts are, therefore employed as nutritious elements in vegetarian and vegan diets, which has a direct impact on the global vegetable extracts market.

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Key Findings of Market Report

  • Vegetables are a crucial ingredient of a healthy diet, yet they are often missed. There is a rising interest in boosting newborns' intake and tolerance of vegetables in order to help them develop good eating habits for the rest of their lives. Such developments are assisting in the growth of the global vegetable extracts market.
  • Companies in the global vegetable extracts market are increasingly seeking to provide nutrition-rich dehydrated vegetable products and concentrating on developing consumer knowledge in order to appeal to a larger consumer base. Dehydrating vegetables for preservation comes with two benefits. It inhibits bacteria development by removing all moisture from the foodstuff, thereby allowing it to stay safe and fresh for long, and it reduces the size of the item, making storage simpler. Consumers are likely to be drawn to nutrient-dense dehydrated vegetable options.

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  • Working professionals struggle to buy fresh produce on a daily basis and then clean, arrange, and cut them before cooking, therefore dehydrated veggies are practical in today's lifestyle. The simplicity of packing, usage, nutritional content, diversity, safety, and product attractiveness are all important factors for buyers looking for convenience meals. The aspect is anticipated to help the global market grow.
  • Over the last decade, the foodservice industry has experienced tremendous expansion. Operators of HoReCa (hotels, restaurants, and cafeterias) are seen gaining interest in vegetable extracts such as purees, dehydrated products, and liquids. Ease of handling, off-season availability, and extended storage have all contributed to increasing demand.

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Global Vegetable Extracts Market: Growth Drivers

  • Emerging cutting-edge food technologies such as vacuum drying and air-drying are gaining popularity rapidly, as they are able to prolong the shelf life of veggies whilst also preserving their flavor and nutritional content. Dependency on technology by companies to improve product quality is projected to open up significant development opportunities.
  • Given the availability of low-cost labor, low-cost veggies, and low-cost power, the manufacture of dehydrated vegetables in developing nations such as China and India can help reduce prices. This aspect is projected to drive market growth in Asia Pacific.

Global Vegetable Extracts Market: Key Players

Some of the key market players are

  • KAN Phytochemicals Pvt. Ltd.
  • Alpspure Lifesciences Pvt. Ltd.
  • Natural Dehydrated Vegetables Pvt. Ltd.
  • Xinghua Lianfu Food Co., Ltd.
  • Real Dehydrates Pvt. Ltd.
  • Mitsubishi Corporation

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Global Vegetable Extracts Market: Segmentation

Form

  • Dehydrated
  • Fluid & Paste

Product Type

  • Carrot
  • Onions
  • Potatoes
  • Broccoli
  • Beans
  • Peas
  • Cabbage
  • Mushrooms
  • Tomatoes
  • Other Types

End Use

  • Food Manufacturers
  • Foodservice
  • Retail/Household

Extraction Method

  • Air Drying
  • Spray Drying
  • Freeze Drying
  • Drum Drying
  • Vacuum Drying

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