The rising demand for healthy and convenience food products with longer shelf life is boosting the global dehydrated vegetable market, finds Fortune Business Insights in their new report. The report is titled, “Dehydrated Vegetable Market Size, Share and Global Trend By Vegetable Type (Potato, Cabbage, Beans, Carrot, Tomato, Onion, Mushroom, Pea, Others), By Nature (Organic , Conventional), By Technology (Spray Drying, Freeze Drying, Vacuum Drying, Drum Drying, Others), By End-user (Food Product Manufacturers, Food Service Retail, Household) and Geography Forecast till 2029.”
According to the study, the market is anticipated to be dominated by the dehydrated beans segment on the basis of segmentation by product type. The demand for dehydrated beans is anticipated to be high in the forecast duration as well owing to the surplus amount of fibres, protein, antioxidants, vitamins, and other important minerals present in beans.
On the other side, the demand of dehydrated vegetables from food product manufacturers is anticipated grow at the highest rate during the forecast period among end users. This is because of the high demand for ready-to-eat and processed vegetables on a worldwide basis. The demand for these vegetable products is usually from developed nations such as Germany, Canada, the U.S., and others.
Increasing Demand for Processed Food to Boost Market
Dehydrated vegetables are utilized for producing food products namely instant noodles, soup, snacks, and others. Dehydrated vegetables are so named because the moisture content in them is removed for longer shelf life. Various techniques namely vacuum drying, freeze drying, and spray drying, are used for dehydrating vegetables. The major factor boosting the global dehydrated vegetables market is the rising demand for processed and ready-to-eat food products that contains a good proportion of vegetable content in them.
However, the market may face challenges in terms of political and climatic factors. In addition, increasing practice of eating healthy and making healthy choices is making consumers abstain from consuming processed food. This may hamper the market in the long run.
Asia Pacific to Emerge as Major Vegetable Exporters
Fortune Business Insights forecasts North America to hold dominance in the global dehydrated vegetables market. Reasons for such great revenue generation in this region are the high demand for processed and ready-to-eat food products. Another important factor boosting the market in North America is the presence of a well-established agricultural sector. On the other side, European countries are exhibiting high demand for dehydrated vegetables and this may turn to be fruitful for the region in the coming years. The increasing demand for nutrition-rich and healthy ready-to-eat food products may help the market in Europe prosper during the forecast duration. Furthermore, the Asia Pacific market is anticipated to grow at a remarkable pace in the coming years on account of the presence of agriculture-based nations such as India, and China. This is further prognosticated to be the major vegetable exporter worldwide.
Presence of Several Market Players Intensifies Prevailing Competition
Major players are focussing on incorporating advanced processes and technologies for improving the quality of food products. Companies are focusing on strategic collaborations in order to work on achieving better goals and achieve competitive advantage. Other strategies adopted by vendors of the market include merger and acquisitions, increasing investment in research and development, and new product launches. Such strategies are anticipated to generate higher revenues for the dehydrated vegetables market in the forecast period.
Some of the companies operating in the global dehydrated vegetables market are Archer Daniels Midland Company, Chr. Hansen Holding A/S, Kalsec Inc., Inc, Merck KGaA, Zhengzhou Bainafo Bioengineering Co., Galactic S.A, Kerry Group Plc, Wiley Organics, Inc. (Organic Technologies), Kemin Industries, Inc., Dumoco Co. Ltd, E. I. du Pont de Nemours, MAYASAN Food Industries A.S., Naturex SA, BTSA Biotecnologías Aplicadas, Cayman Chemical Company, Chihon Biotechnology Co., Ltd., Handary S.A.,and Siveele B.V., among others.