Packaged or convenience food products have been gaining rising popularity in the recent years which has led to surge in the demand for dehydrated vegetables. Increasing awareness among consumers regarding the improved shelf life of processed food products has influenced the consumption of dehydrated vegetables, especially in emerging economies. Moreover, a focus on providing nutrition-rich dried products through their offerings of ready-to-cook or on-the-go meals and snacks remains one of the important growth strategies of dehydrated vegetables providers.
The global dehydrated vegetables market attained a valuation of US$ 54,241.9 million in terms of revenue in 2018, which is expected to expand at a CAGR of 4.8% over the forecast period of 2018-2028. The global dehydrated vegetables market is estimated to surpass a value of US$ 90,636.0 million by 2028-end.
Dehydrated Vegetables Market Gains Underpinned by Soaring Demand for Ready-to-eat Foods
Inclination of consumers toward ready-to-eat or convenient food items on the account of hectic lifestyles, and demanding work culture in cities is likely to contribute to the demand for dehydrated vegetables. Apart from taking relatively less time for preparation, dehydrated vegetables are available in many varieties which help customers enjoy any food of their choice. These are important factors accelerating the overall growth of global dehydrated vegetables market. The need to spend significant amount of time working and travelling in major cities has made it difficult for consumers to spend time cooking at home, and therefore shift toward alternative options such as ready-to-eat meals. Rising consumers demand for affordable, convenient, and flavorful food items is anticipated to complement the expansion of global dehydrated vegetables market in the years to come.
Technological Advancements to Influence Dehydrated Vegetables Market Growth
With propelling demand for dehydrated vegetables, key manufacturers are focusing on improving the technologies adopted for their production. In dehydration process, long shelf life of vegetables is achieved by moisture removal, keeping the food items free from microorganisms. Advances in technologies such as air and vacuum drying techniques have led to possibility of preserving vegetables and fruits at specific conditions which can be consumed for a longer time period.
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Shelf life of dehydrated vegetables ranges from weeks to months which has remained one of the demand driving determinants that auger well with the growth of dehydrated vegetables market. Further, volatility in pricing and production of vegetables due to seasonal changes along with availability and utilization of resources will possibly be the decisive factor of dehydrated vegetables market.
Taxonomical Insights of the Global Dehydrated Vegetables Market
Based on product type, sales of beans will continue to reign supreme in the global dehydrated vegetables market, while cabbage is expected to complement the growth.
Conventional dehydrated vegetables are foreseen to witness the maximum demand during the forecast period. In addition, organic variants will possibly gain high traction in the near future, with growing consumer preference towards organic food items.
With penetration of new technologies, air and vacuum drying are expected to become mainstream in the global dehydrated vegetables market, while food processing industry is registered to remain the dominant end-user of dehydrated vegetables.
Regulatory Approvals to Create Lucrative Opportunities of Key Players
Approvals from governmental organizations for production and sales of dehydrated vegetables are likely to enhance the growth prospects of the market. In addition, key players of global dehydrated vegetables market eye emerging economies as lucrative regions for sales as well as export purposes. While the U.S. and China remains the leading exporters of vegetables, India is expected to boost its position as export-oriented region.
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Some key players operating in the global dehydrated vegetables market are Olam International, Catz International B.V., Rosun Groups, Van Drunen Farms, Green Rootz, Natural Dehydrated Vegetables Pvt. Ltd., BC Foods, Inc., Symrise AG, Mevive International Food Ingredients, Kissan Foods, Silva International, Inc., Real Dehydrated Pvt Ltd, Harmony House Foods, Inc., Mercer Foods, LLC, Naturex S.A., E. I. du Pont de Nemours, NutraDry, General Mills Inc., MAYASAN Food Industries A.S, and Kerry Group Plc.