Vegetable Concentrates Market Report and Forecast 2025-2034

The global vegetable concentrates market stood at a value of around USD 4.70 Billion in 2024. The market is further expected to grow at a CAGR of 3.40% in the forecast period of 2025-2034 to attain a value of USD 6.57 Billion by 2034.

Heightened Demand for Paste and Purees to Augment the Global Vegetable Concentrates Industry

Based on category, the paste and purees segment is predicted to possess a significant market share of the vegetable concentrates industry. This growth can be attributed to the increased demand for natural ingredients in various recipes.

In addition, vegetable concentrates offer a maximised flavour, which can help enhance the taste and colour of the dish. Meanwhile, the heightened demand for soups and sauces are also predicted to aid the market growth in the coming years, fuelled by the rising disposable incomes and improved living standards of consumers.

Growing Use of Vegetable Concentrates in the Asia Pacific to Aid the Global Vegetable Concentrates Industry

The Asia Pacific is predicted to possess a significant share of the vegetable concentrates industry in the forecast period. This growth can be attributed to the increasing organic farming in the region. In addition, the availability of low cost labour is also predicted to aid the industry growth in the forecast period. Meanwhile, Europe is predicted to occupy a considerable market share owing to factors including the inflating disposable incomes, improved living standards, and the heightened demand for natural ingredients, which is predicted to positively impact the market growth in the forecast period.

Vegetable Concentrates: Market Segmentation

Concentrate is a form of a substance that has the majority of its base component removed, such as water in the case of fruits and vegetables. This helps reduce the weight of the product. It is used in the form of paste, purees, and powders to be added to various recipes. In addition, vegetable concentrates have a long shelf-life, which allows for prolonged usage.

By category, the market is divided into:

• Paste and Purees
• Pieces and Powders

On the basis of vegetable types, the market can be segmented into:

• Soy
• Carrot
• Tomato
• Peas
• Beetroot
• Pumpkin
• Others

Based on application, the market can be categorised into:

• Beverages
• Confectionery Products
• Bakery Products
• Soups and Sauces
• Others

The regional markets for the product include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Rising Health Awareness Among Consumers to Augment the Market Growth of the Global Vegetable Concentrates Industry

The rising consciousness among consumers pertaining to the benefits of eating fresh and organic produce and the health issues associated with fast food are predicted to aid the market growth in the coming years. This can be attributed to the rising incidences of chronic illnesses worldwide as well as the rapidly growing geriatric population. Additionally, the hectic schedule of the working population is leading to the increased adoption of vegetable concentrate-based beverages, confectionery products, and soups that are ready-to-cook and consume while also being delicious and nourishing. Other factors such as the rapid urbanisation, changing consumer lifestyles, and improved purchasing power of consumers are also predicted to significantly aid the market growth in the forecast period.

Key Industry Players in the Global Vegetable Concentrates Market

The report gives a detailed analysis of the following key players in the global vegetable concentrates market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• SunOpta, Inc.
• Döhler Group
• Olam International
• Symrise AG
• Kerr Concentrates
• Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
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