Spray-dried Vegetable Powder Market Growth Insights, Share, Size, Business Trends, and Key Competitors Analysis to 2029

The global spray-dried vegetable powder market size is projected to chart a dynamic growth trajectory owing to the exciting innovations in dehydrated vegetables by startups, finds Fortune Business Insights™ in its report, titled "Spray-dried Vegetable Powder Market Size, Share & Industry Analysis, By Vegetable (Onion, Tomato, Potato, Beans, Corn, Mushroom, Others), By Function (Thickener, Flavor Enhancer, Meat Tenderizer, Nutritional Enrichment), By End-user (Food and Beverage Products, Foodservice, Household, Pharmaceuticals) and Regional Forecast, 2022-2029". To counter the pestering problem of food wastage, several startups are creating game-changing solutions, which are based on the efficient usage of nearly-wasted vegetables and fruits. For example, the European food powder startup, FoPo, procures about-to-be-wasted fruits and vegetables, freeze-dries them, and turns them into a powdered form whilst retaining their nutritional value. These powders, according to the company, can last for up to two years. Similarly, a US-based startup named Kencko utilizes the freeze-drying technology to convert vegetables and fruits into powders without losing their nutrients, which can be consumed by simply adding water. The spreading awareness about food wastage is impelling new-age entrepreneurs to innovate, thereby accelerating the growth of this market.

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Highlights of the Report:

• Actionable research into the factors driving the market growth;
• Detailed study of the factors restraining the market;
• Granular assessment of the market segments; and
• Broad & deep analysis of the regional developments and competitive dynamics of the market.

Market Driver

Potential Health Benefits Associated with Vegetable Powders to Boost Adoption

Spray-dried vegetable powders are extracted from natural sources such as leafy greens, high-antioxidant fruits, herbs, and other vegetables. As a result of their natural origins, these powders retain most the nutrients of their source, which makes them a healthy, benefiting human health. For example, powders made from leafy greens, such as spinach and kale, are rich in vitamins A and C, whose health value is common knowledge. Further, the anti-inflammatory and anti-oxidant properties of the plant compounds within the spray-dried powders can reduce the risk of chronic diseases. A study published by the National Institutes of Health, which involved 10 healthy people consuming two tablespoons of greens powder over 4 weeks, revealed that the intake of these powders lowered the presence of damaged proteins in blood by 30%. These and many other health advantages are stoking the demand for vegetable and fruit powders among consumers

Regional Insights

Increasing Working Population to Support Market Growth in North America

North America is expected to dominate the spray-dried vegetable powder market share in the upcoming years owing to the steady rise in the number of working people in the region. The working populations are also becoming extremely health-conscious as a consequence of the high-stress environments created by the bustling city-based life. As a result, the demand for naturally-sourced food products is escalating in the region, which augurs well for the market.

In Europe, the market is experiencing surging growth on account of the growing consumption of convenience foods, increasing adoption of veganism, and a rising preference for clean-label foodstuffs. The Asia Pacific market is being primarily driven by the booming demand for ready-to-eat food products, reflecting the changing the dietary habits of consumers in the region.   

Competitive Landscape

Expansion of Operations to be the Core Focus Point of Key Players

Key players in this market are concentrating their resources towards expanding their operations at the regional as well as the international level, in a bid to solidify their position and gain a competitive edge. Apart from this, companies are investing in the development of novel products, offering consumers a unique taste experience and aiding the spray-dried vegetable powder market growth in the process.

Industry Developments:

November 2019: Japan-based Takasago International Corporation announced the completion of its factory in Indonesia to capture the country's fledgling flavors and fragrances market. The new factory will function as a production base for the company in the South and Southeast Asian region.
November 2019: Kitchen D'lite, a food processing startup based in Hyderabad, India, announced the manufacturing of dehydrated vegetable powders, aimed at reducing wastage of vegetables in the country by increasing their shelf life as well as creating new flavors for various dishes.

List of Key Players Covered in the Spray-dried Vegetable Powder Market Report:

Phoenix International
Chaucer Foods Ltd.
BSR Foods
Green Rootz
PL Tomas & Co., Inc. 
DHM Ingredients
Mevive International Food Ingredients
Apollo Ingredients
Kanegrade Limited

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This release was published on openPR.