"Market Intelligence that Adds Flavour to Your Success"
Vegetables are important part of balanced diet and an adequate source of various vitamins, mineral, dietary fibers, and phytochemicals. The rising consumer awareness regarding the benefits of regular consumption of vegetables is expected to drive the global market of vegetable extracts. Producers of vegetable extracts are embarking on the launch of clean label and organic vegetable extracts to fulfill the increasing demand for transparency in the product quality.
The increasing production of vegetable crops in various emerging countries is expected to positively impact the market growth. With the increasing number of individuals failing to meet their daily dietary requirements of vegetable intake the demand for vegetable extracts for household application is predicted to increase in the forthcoming years. Furthermore, the intensifying trend of home cooking instead of dining out and easy availability of vegetable paste and sautee block that save time from-scratch cooking are forcing consumers to opt for vegetable extracts.
Vegetable extract production is an easiest way to extend the shelf life of the vegetables without losing their original flavor and taste, thus the production of vegetable extracts is expected to increase in forthcoming years as it can help to reduce post-harvest losses of vegetables. Moreover, increasing vegetable extracts demand for the production of dietary supplements is projected to boost the market growth in the forthcoming years. Doctors and healthcare experts suggest that regular consumption of vegetable extracts in the form of dietary supplements can help to maintain the overall health, which is expected to be a favorable factor for the product’s growth. For instance, regular consumption of broccoli or cereal in the form of dietary supplements can benefit more than consuming raw form as dietary supplements contain concentrated form of the vegetables, which can help to treat various health conditions such as high pressure, diabetes, and others. Furthermore, ease of accessibility to these products as they are widely available on various e-commerce platforms coupled with discounts and freebies offered by e-commerce retailers are expected to positively impact the market growth.
The fluctuating price of raw material i.e. vegetables due to their seasonal availability is predicted to act as a restraining factor for the growth of the market.
Key Market Driver -
Increasing Demand for Vegetable Extracts from Dietary Supplement Manufacturers
Key Market Restraint -
High Fluctuation in Raw Material Prices
The prominent players operating in the global vegetable market are Nikken Foods, instituto fitologico S.L., Phenobio, Anklam Extrakt GMBH, Pharmorgana GMBH, Food Ingredients USA, Sylvestre Natural Ingredients, Inc., Ingredion, Venkatesh Naturals, The Green Lab LLC., and Others.
Increasing demand for broccoli extracts from dietary supplement manufacturers due to there several health benefits is expected to positively impact the product growth. The increasing popularity of organic tomato extracts and its wide application in the preparation of organic sauces and soups is predicted to boost the production of tomato extracts. In addition, the growing awareness about the health benefits associated with the consumption of leafy vegetables and comparatively low shelf life of these vegetables is predicted to boost the production of leafy vegetables extracts.
The increasing utilization of vegetable paste and sauté blocks from HoReCa sector and processed food industry due to their easy usage is predicted to boost the sales of liquid form of vegetable extracts. Moreover, rising consumer inclination towards consumption of vegetable juice such as tomato and spinach is predicted to positively impact the product growth. Moreover, extended shelf life of the vegetable powder and flacks and their rising application in dry sauces and soups preparation is expected to positively leverage the sales of dry vegetable extracts.
Food and beverage industry is predicted to hold considerable share in the market. With the increasing number of restaurants, rising consumer spending on dining out, and seasonal availability of some vegetables such as green peas, broccoli, the demand for vegetable extracts from food industry is projected to escalate. Rising popularity of vegetable juices is expected to further propel the segment growth.
Asia Pacific is expected to grow at considerable pace in the global market. The production of different vegetable crops has increased tremendously in the countries such as India and China which can act as an opportunity for vegetable extract manufacturers. For instance, Agricultural & Processed Food Products Exports Development Authority of India (APEDA) stated that, India ranks second in vegetables production in the world, after China.
North America is projected to hold significant share in the global vegetable extracts market owing to rising demand for organic vegetables extracts all across North America. With increasing awareness about the importance of vegetables in the balanced diet and busy lifestyle, Americans are always looking for effective easy substitutes such as vegetable paste or powders which require less time for cooking. The increasing demand for vegetable extracts from restaurants as well as households is projected to drive the North America vegetable extracts market.
To gain extensive insights into the market, Request for Customization
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry