Press release
Global Vegetable Concentrates Industry Report Projecting Very High CAGR Growth by 2026 | A Report by Ingredion, Nestle, Milne, Vegetable Juices Inc., Dohler, Rahal Foods and others
The report is an in-depth study of the conditions for the 2019-2026 forecast period. The report describes the definition of the market, classifications, applications and key trends and shows how the market is changing and how sales, import, export and revenue are affected.
The vegetable concentrate report contains all the information necessary to understand the vegetable concentrate market better. The report also includes SWOT analysis for the vegetable concentrate market, which sheds light on what drivers and restrictions are on the market.
Market Analysis:
Global vegetable concentrates market is expected to grow significantly during the forecast period of 2019 to 2026. This rise in market value can be attributed to the increased preferences for ready-to-eat food products and rising number of restaurants and hotels in the developing countries.
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Key Competitors:
• Ingredion
• Nestle
• Milne
• Vegetable Juices Inc.
• Dohler
• Rahal Foods
• Brecon Food Inc.
• Encore Fruit Marketing Inc.
• SVZ Industrial Fruit & Vegetable Ingredients
• JC Dudley & Co Ltd.
• BMT Weiser LLC.
• PAULA Ingredients
• Flavourtech
• VegetablePuree
• LemonConcentrate S.L.
• Capricorn Food Products India Ltd.
• Invertec Foods
• HRS Heat Exchangers
• Grünewald International
• Gomar Pińczów
• Silva International
Key Developments in the Market:
• In October 2018, Dohler Group acquired majority stake of Nutrafood S.r.l. This strategy helped the company to expand its product portfolio.
• In June 2016, biotech company Asiros acquired a berry and fruit concentrate facility from the Swedish Nordic Food Group. This strategy would help in the technological development and in the better quality of products.
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Market Drivers and Restraints:
• Rise in the hectic schedule of people over the world is driving the market growth
• Growing adoption in the food industry is also expected to stimulate the market growth
• Stringent government regulations is expected to restrain the market growth
• Lack of awareness regarding the ill effects of excess use of chemicals in the manufacturing of such concentrates is also expected to hinder the market growth
Segmentation:
Product Type
• Pastes and Purees
• Pieces and Powder
Application
• Beverage
• Soups and Sauces
• Animal based Products
• Vegetable based Products
• Bakery Products
• Confectionary Products
Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
Competitive Analysis:
Global vegetable concentrates market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vegetable concentrates market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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