Market Size of Vegetable Concentrates Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.35 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Vegetable Concentrates Market Analysis
The global vegetable concentrates market is expected to register a CAGR of 4.35% during the forecast period (2020 - 2025).
- The rapid expansion of the processed and packaged food industry, and increasing awareness regarding the consumption of healthy and fortified food and beverages, is expected to accelerate the demand for natural food additives, eventually driving the sales of vegetable concentrates.
- Also, the lower production costs along with the possibility of large-scale production; diverse application areas in the beverage, dairy, baby food and soups and sauces industries; better functionality in terms of maintaining the quality of the product; providing prolonged shelf life; and reducing transportation and storage costs are driving the demand of vegetables concentrates across the globe.
