Dried Vegetable Market: Introduction
Drying vegetables is one of the oldest techniques used to preserve vegetables for a long duration of time. The principle behind preservation by drying is to reduce the moisture content from fresh vegetables to a level where microorganisms such as bacteria, mold, and yeast are unable to grow and spoil the vegetable. Solar drying is the oldest method, and many new advanced technologies are being used in the dried vegetable market. With the use of modern technology, dried vegetables have better flavor, color, aroma, acceptability, and rehydration. High quality dried vegetables have less than 10% moisture content, the absence of defects, and fast rehydration ability. Commonly available dried vegetables are carrots, tomatoes, potatoes, mushrooms, peas, and others. Dried vegetable are extensively used in food manufacturing companies, and used in the manufacturing of tomato ketchup, chutneys, sauces, salads, pickles, meat sausages, masala bread, breakfast foods, and evening snacks.
Dried Vegetable: Market Outlook
Due to increasing health awareness, people are seeking food products with high nutritional value and fibrous content. Dried vegetables retain nutrients and fibers in the concentrated form, and are recognized as a healthy snacks option among the population. The high content of dietary fibers in dried vegetables has many health benefits, such as it is associated with decreasing the risk against cancer types such as colorectal cancer, gastrointestinal cancer, and others. Dried vegetables are also gaining a lot of attention in the vegetable market due the ability to conveniently store and transport them. Drying the vegetables also prevents postharvest loss, and loss during the storage and transportation of fresh vegetables. In the dried vegetable market, a majority of the demand comes from Asia Pacific and Europe. Asia Pacific also holds a major share in the production of dried vegetables in the global dried vegetable market. According to FAO data 2016, China and India are the highest producers of fresh and dried vegetables, and also account for the highest export of dried vegetables to other regions. Due to an increase in the demand for dried vegetables, it is anticipated that, there would be higher returns on dried vegetables for investors in the coming future.
Long Shelf Life of Dried Vegetables
The dried vegetable market is witnessing an upward push in the global vegetable market, due to modern and advanced technologies being used for their processing. Technologies such as vacuum drying and freeze drying have increased the possibility of consuming dried vegetables for an extended period of time. Dried vegetables have a longer shelf life, ranging from several weeks to even months, which enables consumers to devour them anytime during the near future. The increase in the shelf life of dried vegetables is due to a reduction in the moisture content as compared to fresh vegetable, which maintains an undesirable environment from microbial growth. Due to advancements in drying technology, the dried vegetable market has grown remarkably over the last few decades, and can be anticipated to grow even more over the forecast period.
On the other hand, the approval of regulatory authorities has also opened the doors for dried vegetable manufacturers who have analyzed the capacity of this enterprise and have begun the delivery of the latest trending products. Companies such as Olam International, Symrise AG, Mercer Foods, LLC, and others have been producing dried vegetables from the past many years. Many new players are emerging in developing countries, after analyzing the future scope of the flourishing dried vegetable market.
Packing Innovations Increase Consumer Confidence in the Nutrition integrity of Dried Vegetables
Dried vegetable manufacturers are looking to capitalize on the packaging trends, and this aspect has never been more important. Companies are trying out innovative new packaging solutions to differentiate their products in the hands of consumers, in the freezer aisles, and as well as on filling lines, which can optimize the sales of dried vegetables without affecting their quality. While buying a product, consumers match the packaging and labeling with the quality of the product. The advertisements of dried vegetables with proper placement opens the door for sales for these companies. Most customers feel that, without good packaging, the product is either a local product or a low-quality one, and sometimes a cheap product.
Companies have started to innovate their packagings by using images of kids, youth, and animated pictures of trees and animals to attract customers, and relate their product as healthy that gives a better and happy life. Some of the common techniques used in the packaging of dried vegetables are:
- Using an image of broccoli and beans on the front cover to attract customers
- Using a picture of a farm with a farmhouse to show nature, and relate the product with quality
- Using an image of a microwave, which confers the message of time-saving while cooking the product
Dried Vegetable Market: Introduction
The proposed market report of TMR on the global dried vegetable market evaluates opportunities in the current market, and provides updates and insights corresponding to different segments involved in the global dried vegetable market over the forecast period 2018-2026. The global dried vegetable market report further exhibits the estimated data for 2018, and forecast data up to 2026 in terms of value (US$ Mn) and volume (MT). In terms of value, the dried vegetable market is anticipated to increase at a CAGR of 5.4% during the forecast period. The present study exhibits the trends and market dynamics of the dried vegetable market in five major regions - North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The report also includes the study of the current issues with consumers and various future opportunities for the dried vegetable market.
Dried Vegetable Market: Report Description
The report explores the global dried vegetable market for the period 2018–2026. The primary objective of the report is to provide insights into key developments in the market that are consistently supporting the transformation of global businesses that are associated with dried vegetables. It is very important to consider that, in an ever-wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate in addition to the Compound Annual Growth Rate (CAGR) for the overall forecast, to better understand the analysis and evaluation of the global dried vegetable market, and to discover equitable opportunities.
Yet another key feature of this report is that, the estimation of the global dried vegetable market and the corresponding revenue forecast is carried out in terms of absolute dollar opportunity. This is usually not prioritized while forecasting overall market numbers. Absolute dollar opportunity analysis is very essential in evaluating the degree of opportunity that a provider can observe to execute, as well as to contrast the potential resources from a sales perspective in the global dried vegetable market.
The report starts with an elaborate executive summary, and the market definition of various segmentations that are included and their respective shares in the global dried vegetable market. The report further incorporates the major macroeconomic factors that have an effect on the growth of the dried vegetable market. The report also highlights the various market dynamics, which includes the drivers, restraints, opportunities, and trends in the global dried vegetable market. The report further underlines the study of the present issues with industrial processing and opportunities for the dried vegetable market. It also encompasses value chain analysis that provides a structural view of overall profitability from the manufacturers to the end users of the dried vegetable market. It also comprises detailed information about the recent technologies that are used in the drying process of fresh vegetables. In order to provide users with a clear view of the global dried vegetable market, we have exhibited a competitive analysis of key market players and their strategic expansions. The competitive dashboard presents a detailed comparison of dried vegetable manufacturers on valuable parameters such as key product offerings, total revenue, key developments, and key strategies. The study intensifies the global dried vegetable market attractiveness analysis by product type, form, nature, drying technique, end user, and region.
To evaluate the overall market size of dried vegetables, the report considers various fundamental aspects based on secondary research. Furthermore, it emphasizes quantitative evaluation, such as market shares by product type, form, nature, drying technique, end user, region, and other qualitative data from primary respondents, which have been consolidated to arrive at clear and accurate market estimations. The forecast presented in the dried vegetable market report arrives at the total revenue being generated, and the expected revenue contribution in the future by the global dried vegetable market.
Detailed profiles of companies that manufacture dried vegetables are included in the report to analyze their developmental strategies, key product offerings, and recent developments, as they have a significant role in the global dried vegetable market. Major market players covered in the dried vegetable market report are Naturex S.A., Olam International, Symrise AG, Mercer Foods, LLC., Vkc Nuts Private Limited, Viva Bella Orchards Inc, Kiantama, Sun-Maid Growers Of California, Sunshine Raisin Corporation, Traina Dried Vegetable Inc., Greek Dried Vegetables S.A., Montagu Dried Vegetable And Nuts (Pty) Ltd, Sun Valley Raisins Inc. A California Corporation, Raisin Champion International, Geobres Nemean Currants and Sultana Raisins S.A., Fresno Cooperative Raisin Growers Inc., Chengde Shenli Food Co., Ltd., Ningxia Yuxiang Bio Food Engineering Co., Ltd., and others.
Dried Vegetable Market: Segmentation
The subsequent sections analyze the global dried vegetable market on the basis of product type, form, nature, drying technique, end user, and region, and presents a forecast for the period 2018–2026. The market is segmented as follows:
Dried Vegetable Market by Product Type
Dried Vegetable Market by Form
- Minced & Chopped
- Powder & Granules
- Slice & Cubes
Dried Vegetable Market by Nature
Dried Vegetable Market by Drying Technique
- Air Drying
- Spray Drying
- Freeze Drying
- Drum Drying
- Vacuum Drying
Dried Vegetable Market by End User
- Food Manufacturers
- Snack & Savory Products
- Infant Foods
- Salad, Dressings & Sauces
- Food Service Providers
Dried Vegetable Market by Region
- North America
- The U.S.
- Latin America
- Rest of LATAM
- Rest of Europe
- Asia Pacific
- South Korea
- Australia & New Zealand
- Rest of APAC
- Middle East & Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA