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It's expected that Europe will account for 1/5th of global vegetable concentrate consumption through 2032. Some of the key players in the vegetable concentrates market are Kerr Concentrates, Döhler Group, Kanegrade, Lemon Concentrate and Greenwood among others
NEWARK, Del. , July 21, 2022 /PRNewswire/ -- According to Future Market Insights (FMI), the global vegetable concentrates market is expected to witness growth at a CAGR of 4.1% and is anticipated to reach a valuation of around US$ 7.5 Bn by 2032.
Health benefits of consuming fresh vegetables are well known to all consumers, however, in recent times the consumption has peaked owing to growing focus on maintaining a healthy and nutrition rich diet.
This is anticipated to push demand for vegetable concentrates as they contain the same nutrients present in fresh vegetables. They are convenient to use and has a wide range of applications such as in beverages, confectionaries, soups etc.
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Moreover, governments have been taking initiatives to encourage a healthier lifestyle among today's youth who are easily attracted towards fast food, resulting in cases of diabetes and obesity. As a result, manufacturers are targeting these younger generations by introducing different mixes and new varieties of products in the market.
"Rising demand for vegan food and beverage products, along with the introduction of new and innovative vegetable concentrate will augment the growth in the market over the forecast period," says an FMI analyst.
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Top vegetable concentrate manufacturers are focusing on broadening their footprint across promising regions by introducing new products. Moreover, they have incorporated in-organic strategies as well such as developing strategic partnerships with existing players. For instance:
Future Market Insights, in its new report, offers an impartial analysis of the global vegetable concentrate market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on product form (puree form, powder form, piece form and frozen form), vegetable type (tomato, beetroot, pea, carrot, pumpkin and other vegetables), application (beverage, soups & sauces, confectionery and other applications), sales channel (offline sales channel (supermarkets/hypermarkets, departmental stores, convenience store and other sales channel) and online sales channel (company website and e-commerce platform)), across seven major regions of the world.
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Vegetable Concentrates Market by Category
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2. The Massive Impact of the Crisis
2.1. Global Vegetable Concentrates Market Forecast Scenario Comparison of Annual Growth Rates for Short Term (2022-2025) and Long Term (2026-2032)
2.2. Key Factors Impacting the Market
2.3. Note: Market Assessment shall be Provided for Likely Scenario
3.1. Global Vegetable Concentrates Market Overview
3.3. Product Claims & Nutritional Information Scan by Buyers
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
For additional insights on how growth of the vegetable concentrate market will shape up over the next decade, write to [email protected]
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