Press release
Dehydrated Vegetables Market Competitor Analysis 2024-2033: Growth, Insights, Trends
"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Dehydrated Vegetables Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $21.98 billion In 2028 At A CAGR Of 6.7%.
The dehydrated vegetables market size has grown strongly in recent years. It will grow from $15.78 billion in 2023 to $16.98 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to growth in the convenience food industry, seasonal availability challenges, focus on food waste reduction, globalization of food supply chains, expansion of online retail channels.
The dehydrated vegetables market size is expected to see strong growth in the next few years. It will grow to $21.98 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to increasing consumer demand for plant-based foods, rising interest in sustainable agriculture, focus on clean label products, government initiatives promoting dehydration. Major trends in the forecast period include innovations in dehydration technologies, sustainable packaging solutions, customized blends and mixes, technological advancements, innovations in dehydrated snacks.
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Dehydrated Vegetables Market Major Segments
The dehydrated vegetables market covered in this report is segmented -
1) By Product Type: Carrot, Onions, Potatoes, Broccoli, Beans, Peas, Cabbage, Mushrooms, Tomatoes, Other Product Types
2) By Technology: Vacuum Drying, Air Drying, Spray Drying, Freeze Drying, Drum Drying
3) By Form: Powders And Granules, Slice And Cubes, Minced And Chopped, Flakes, Other Forms
4) By Distribution Channel: Store Based Retailing, Hypermarkets Or Supermarkets, Convenience Stores, Food And Drink Specialty Stores, Online Retail
5) By End-User: Commercial, Household
Key Driver - Increasing Fast Food Sector Boost Market
The growing fast-food sector is expected to boost the growth of the dehydrated vegetable market going forward. Fast foods are defined as quick, convenient, and inexpensive alternatives to home-cooked meals. The dehydrated vegetables are used in the production of fast food, immediate ready-to-eat meals, condiments, and flavorings for sausages, pickles, chutneys, and other seasoning and spice goods. For instance, as per the report published by the Census and Statistics Department, a Hong Kong-based economic statistics provider, when comparing the entire year of 2021 to the entire year of 2020, total receipts at Chinese restaurants increased by 18.3% in value and 16.4% in volume. Total receipts from non-Chinese restaurants increased by 20.7% in volume and by 23.1% in value. Total sales at fast food restaurants increased by 6.4% in volume and 8.6% in value. Therefore, the growing fast-food sector is driving the growth of the dehydrated vegetable market.
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Prominent Trend - Innovation In Manufacturing Facility For Better Results
Technological advancements have emerged as the key trend gaining popularity in the dehydrated vegetable market. Major companies operating in the dehydrated vegetable market are developing innovative technologies to strengthen their position in the market. For instance, in March 2022, EnWave Corporation, a Canada-based machinery industry corporation, launched the REVworx vacuum microwave toll manufacturing facility. The unique features of REVworx provide adaptable production capabilities to meet the rising demand for cutting-edge consumer products made with EnWave's patented technology. The REVworx is designed to bring new vacuum-microwave dried products to market, accelerating time to market and enabling businesses to introduce their products and demonstrate the benefits of using REVTM technology.
Dehydrated Vegetables Market Players
Major companies operating in the dehydrated vegetables market report are Archer Daniels Midland Company, Nestle S.A., Merck KGaA, DuPont de Nemours Inc., Kerry Group plc, Koninklijke DSM N.V, Chr. Hansen Holding A/S, Kemin Industries, SunOpta Inc., Van Drunen Farms, The Stahlbush Island Farms, Kalsec Inc., Mercer Foods LLC, Silva International Inc., Pacific Coast Fruit Company, Cayman Chemical Company, JDM Food Group Ltd., SensoryEffects Flavor Systems, Gold Coast Ingredients Inc., Kanegrade Ltd., Blue Ribbon Packing Co., BTSA Biotecnologas Siveele B.V., Handary S.A, Zhengzhou Bainafo Bioengineering Co. Ltd., Dumoco Co. Ltd., Chihon Biotechnology Co. Ltd., DMH Ingredients Inc., and Harmony House Foods Inc.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the dehydrated vegetable market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dehydrated vegetables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Dehydrated Vegetables Market Report Structure
3. Dehydrated Vegetables Market Trends And Strategies
4. Dehydrated Vegetables Market - Macro Economic Scenario
5. Dehydrated Vegetables Market Size And Growth
…..
27. Dehydrated Vegetables Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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