The global vegetable extract market size is set to experience speedy growth on account of the rising demand for plant-based ingredients from the food industry, observes Fortune Business Insights™ in its report, titled “Vegetable Extract Market, 2022-2029”.
Vegetable extracts are available in liquid as well as dry form. There is a rising demand for these extracts in the food and beverage industry owing to the increasing production of vegetable crops in which the original flavor and taste of vegetables are maintained and also improves the overall quality of the product, which has resulted in the growth of this market. Further, plant-based extracts are essential in the treatment of various diseases such as diabetes, cancer, cardiovascular diseases, and others, which is expected to drive this market’s growth. For instance, the consumption of organic tomato soup helps to boost immunity and can reduce the risk of heart diseases as it is rich in antioxidants and contains a high nutritional value.
However, the change in the prices of vegetables due to their seasonal availability is projected to hinder the growth of this market.
Fortune Business Insights™ lists out all the vegetable extract market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
This research report offers an in-depth study of the driving factors, restraints, and trends influencing the growth of the market. In addition, this report offers a detailed evaluation of the market segments and regional developments in the market. Further, this report also incorporates a comprehensive analysis of the strategies adopted by market players to strengthen their position.
Increasing Utilization of Plant Extracts in Processed Foods to Propel Market Growth
There are several applications of vegetable extracts such as dry sauces, soups, and others. The liquid forms of these extracts are generally used in processed foods such as cereals, cheese, bread, sausages, and many others, which has gained prominence in the food industry and thus increased the demand for such extracts, leading to the growth of this market. Further, a majority of the population across the world is inclined towards the consumption of leafy vegetables due to their ease of availability and numerous health benefits, such as reduction in the risk of obesity, high blood pressure, and others, which is an important factor responsible for the growth of this market.
On the basis of source, this market is divided into brassica – broccoli, cauliflower, Solanaceae – tomatoes, potato, leafy vegetables – spinach, root vegetables, and others. By form, the market is classified into liquid and dry. Based on application, the market is categorized into food and beverage industry and dietary supplements. In terms of geography, the market is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Surge in the Production of Vegetable Crops to Fuel the Asia Pacific Market Growth
Asia Pacific is anticipated to witness substantial growth in the vegetable extract market share on account of the increasing cultivation of various vegetable crops in agriculture-based economies such as India, China, and others. For instance, India is the second-largest country in terms of vegetable cultivation in the world after China, according to a report by the Agricultural & Processed Food Products Exports Development Authority of India (APEDA).
North America is also expected to dominate in this market due to the increasing demand for vegetable extracts in the whole region. Further, the rising cognizance about the importance of vegetables in routine diets and the surge in the demand for vegetable-based ingredients from hotels is another major reason for the growth of this market in this region.
The Global Vegetable Extract Market Research/Analysis Report Contains Answers to your following Questions:
Which Manufacturing Technology is used for Vegetable Extract? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Vegetable Extract Market? What are Their Company Profile, Their Product Information, and Contact Information?
What Was Global Market Status of Vegetable Extract Market? What Was Capacity, Production Value, Cost and PROFIT of Vegetable Extract Market?
What Is Current Market Status of Vegetable Extract Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Vegetable Extract Market Trends by Taking Applications and Types in Consideration?
What Are Projections of Global Vegetable Extract Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
What Is Vegetable Extract Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is Economic Impact On Vegetable Extract Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Vegetable Extract Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Vegetable Extract Industry?
Wide Availability of Vegetable Extracts on E-commerce Platforms to Feed Competition
The ease of availability of natural extracts on several e-commerce websites such as Amazon, BigBasket, and others has resulted in the increasing competition among key companies in this market, focusing on the production and distribution of these extracts on a large scale. Further, leading companies in this market are also offering attractive discounts on these products in order to broaden their consumer base.
February 2020: Select Alimenta, a popular European company, announced the release of a new line of plant-based extracts under the name ‘Morado Red Corn’. This new product range is available in powder, paste, and liquid forms.
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