Vegetable Puree Market Share by Statistics, Key Player, Revenue, and Forecast 2032
Vegetable Puree Market Overview
The global vegetable puree market
is forecasted to create a valuation of USD 16.549 Billion by 2032, growing at
5.64 % CAGR during the review period (2022-2032). The surging demand
for natural healthy food ingredients substantiates the market growth
exponentially. Additionally, the increasing application of vegetable puree in
nutritional drinks & beverages, dairy & frozen desserts, and soups,
sauces, and dressings, boost the market size.
The global vegetable
puree market share is growing pervasively. The market growth attributes to
the growing application areas of vegetable puree across end-use industries.
Rising usages of vegetable purees in the food processing industry drive
enormous market demand. Also, the surging consumption of healthy juices and
smoothies propel the sale of vegetable puree. Besides, the augmenting demand
from the baby food and nutrition sector escalates the market demand to
furthered height.
Also, the urge among millennial to consume new and exotic
food products bolster the demand for exotic vegetable purees. Increasing demand
to include vegetable purees in sports drinks, health supplements, and
nutraceuticals boost market growth. The spurting rise in the demand for
plant-based beverages drives the market share. Moreover, the growing trend of a
vegan diet is also influencing the market growth.
Also, industry players invest substantially to bring more
novelties in the product in terms of flavor & betterment, and attractive
packaging solutions. The expansion of distribution channels plays a causal role
in the development of the market. The proliferation of large format retail,
including supermarkets, hypermarkets, and online distribution channels,
positively impacts market growth. Furthermore, rising R & D investments in
developing advanced processing techniques pay off well, increasing the market
size.
On the other hand, fluctuating prices and the demand-supply
gap in fresh vegetables around the globe are the major factors estimated to
hamper the market growth. Also, the availability of various counterfeited,
low-cost products in the market impedes the market growth over the review
period. Nevertheless, increasing vegetable puree applications in ready-to-eat
food products and the beverage industry would support market growth throughout
the review period.
Global Vegetable Puree Market – Competitive Analysis
Fiercely competitive, the global vegetable puree market
appears fragmented due to the presence of many well-established players. Brand
reinforcement, mergers & acquisitions, and innovation remain popular trends
for industry players in the market.
Major Players
Players leading the global vegetable puree market include Kanegrade
Limited (UK), Ingredion Incorporated (US), SVZ International BV (Netherlands),
Lemon Concentrate SL (Spain), Milne Fruit Products (US), Sun Impex
International Foods LLC (UAE), F&S Produce Company, Inc. (US), Place UK Ltd
(UK), KB Ingredients (US), and Döhler GmbH (Germany), among others.
Global Vegetable Puree Market –Segments
The vegetable
puree market research is segmented into four dynamics;
By Type :
Tomatoes, Carrot, Beetroot, Pumpkin, Peas, Spinach, Butternut Squash, Zucchini,
Bell Pepper, and others.
By Category :
Conventional and Organic.
By Application : Baby
Nutrition, Beverages, Dairy & Frozen Desserts, Soups, Sauces &
Dressings, and others.
By Regions : Asia Pacific, Americas, Europe, and the
Rest-of-the-World.
Global Vegetable Puree Market -Geographical Analysis
Europe dominates the global vegetable puree market. The
region accounted for 35.39% of the overall market share in 2018. The largest
market share attributes to the sizable consumption of vegetable puree in
functional foods and energy drinks. Besides, the growing per capita income and
health & fitness trend backed by the availability of world-class fitness
and athletics infrastructure substantiate the market demand. Germany, Italy,
and France are the major contributors to the growth of the market.
North America stands second in the global vegetable puree
market. The market is driven by the growing consumption of vegetable purees in
baby foods and sports nutrition products. Moreover, the growing pharmaceutical,
health supplements, and nutraceutical industries in the region create enormous
market demand. Furthermore, high disposable income and an increasing health-eccentric
populace, alongside the rising media influence, positively impact regional
market growth.
The Asia-Pacific vegetable puree market share is growing rapidly. Factors
such as the rapidly growing economy and baby food industries in the region
foster market growth. Moreover, rising demand from the rapidly growing sports
drink sectors in India and China allows the regional market to witness
exponential growth. Increasing consumption of vegetable purees in developing
countries is another key factor driving the regional market.
Industry/ Innovation/ Related News:
September 17, 2022 ---- PS Snacks Company (the US), the
snacks brand launched its vegetable-puree based pudding snack cups at the 2022
Natural Products Expo East. PS Snacks takes a radically unique ingredient
approach to modernize nostalgic treats. The new plant-powered, paleo pudding
innovation was showcased alongside the revamped PS Snacks line of
chickpea-based cookie dough.
The pudding is Non-GMO Project Verified, and Paleo certified
and free of gluten, grains, dairy, soy, refined sugars, and artificial flavors.
With 50% less added sugar than other puddings in the market. PS Snacks drives a
new wave of on-trend innovation as an unparalleled disruptor in the pudding
set.
NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
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Market Research Future (part of Wantstats Research and
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