Dehydrated Vegetable Market Share,Share, Competitive, Regional, And Global Industry Forecast to 2029
The global dehydrated vegetables market size was valued at USD 5.32 billion in 2021. The market is projected to grow from USD 5.70 billion in 2022 to USD 9.19 billion by 2029, exhibiting a CAGR of 7.07% during the forecast period.
This information is presented by Fortune Business Insights, in its report titled, “Dehydrated Vegetables Market, 2022-2029.”
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List of Key Players Mentioned in the Report:
- ITC Limited (India)
- California Sun Dry Foods (U.S.)
- Mercer Foods, LLC (U.S.)
- Green Rootz (India)
- BCFoods, Inc. (U.S.)
- European Freeze Dry Ltd. (Denmark)
- Van Drunen Farms (U.S.)
- Bella Sun Luci (U.S.)
- Mondelez International, Inc. (U.S.)
- Sensient Technologies Corporation (U.S.)
Tomato to Hold the Largest Share Owing to its Dynamic Usage in Various Food Industries
The market is segmented into potato, tomato, onion, and others based on type. The tomato segment witnessed a strong sales performance over other vegetable sources.
Cuts & Flakes to Exhibit a Significant Proportion of Global Market Due to Consumers’ Rising Demand for Convenience Products
Based on form, the market is segmented into powder & granules, cuts & flakes, and whole. The cuts & flakes segment is projected to hold a substantial dehydrated vegetables market share.
Increasing Demand for Dehydrated Vegetables from Snack Food Manufacturers Boosts Market Growth
By end-user, the market is bifurcated into commercial and household. The commercial segment is anticipated to hold a considerable share of the global market.
In terms of geography, the market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
The report offers valuable insights obtained by thorough study done by our researchers. An extensive research was conducted to provide the estimated size of the market. The data used to project the shares for multiple segments at the country, regional, and global levels is obtained from in-depth interviews with numerous stakeholders. Furthermore, we have gained access to several global and regional paid databases to deliver precise information to make business investment decisions easy for you.
Drivers and Restraints:
Increasing Adoption of Dried Vegetables in Fast Food Chains Boosts the Product Consumption
Food dehydration is considered to be the best and most reliable way for preserving seasonal fruits and vegetables. These dried vegetables are cheap, convenient, and wholesome. Fast food businesses’ massive market penetration in the food industry is probably what drives expansion. In addition, numerous firms are continually working to diversify their selection of nutrient-dense dried items for meals, snacks, and on-the-go options. The market for dehydrated vegetables is also driven by the growing need to preserve food products for an extended period of time so that they can be used as raw materials in finished goods.
Asia Pacific to Lead Backed by Increasing Inclination Toward Consuming Luxury Food
The largest revenue share of the global market, which was USD 2.10 billion in 2021, came from the Asia Pacific region. The rising popularity of upscale foods is anticipated to fuel market expansion in Asia Pacific.
One of the regions with the fastest growth rates is probably going to be the Middle East & Africa. Growing demand for non-seasonal goods fuels market expansion in the region. Due to customers’ shifting lifestyles, the need for ready-to-eat food has further fueled the market’s expansion.
The increased acceptance of tiny packaged goods as a staple of people’ normal diets is driving the North America market. There are many food applications for dried veggies, including soups, baked items, salads, sauces, and more.
Important Business-related Announcements by Key Players to Influence Market Dynamics
Fundamental companies in the market often make crucial announcements regarding some business moves, which, in turn, affect the market either positively or negatively. Players acquire companies, launch new products, engage in partnership deals, sign contracts with government organizations, and so on.
Key Industry Development:
November 2020: To offer dried veggies, such as tomatoes, green and red bell peppers, onions, garlic, and carrots, BCFoods constructed a dehydration facility in Hebei, China. The company plans to attain a manufacturing capacity of 15,000 MTs by 2023 and sell dried vegetables to clients all over the world.
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