USD 54.51 billion
Report ID: SQMIG30I2165 | Region: Global | Published Date: November, 2022 | Pages: 157 | Tables: 99 | Figures: 76
Spray Dried Vegetables Market size was valued at USD 54.51 billion in 2021 and is poised to grow from USD 59.55 billion in 2022 to USD 121.23 billion by 2030, growing at a CAGR of 9.29% in the forecast period (2023-2030).
The market is expanding rapidly due to its extensive use in convenience foods. Due to their longer shelf life, ready-to-cook (RTC) foods are the most common application of spray-dried vegetable powder. Water is fully removed from vegetables during the spray-drying process by spraying liquid particles at high temperatures, maintaining their flavour, taste, and nutrients. The removal of water during the spray-drying process extends the shelf life of vegetable powder at room temperature without the use of any preservatives. The rising demand for high-quality vegetable-based instant meals is propelling the market forward. Spray-dried vegetable powders are often used in herbal supplements because they are easy to digest and have a high nutritional content. Spray-dried vegetable powder is being actively incorporated into baby food items since it retains the natural taste and nutrition. Spray dried vegetable powders flavour soups, sauces, and gravies without adding moisture and maintaining product consistency. The rising use of large volumes of sauces and flavours in the foodservice sector will drive spray dried vegetables market expansion even further. Increased innovation and product development activities in the healthy processed food area are also likely to drive market expansion.
US Spray Dried Vegetables Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 54.51 billion
Food and beverages products
Food and beverages products
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Global spray dried vegetables market is segmented based on vegetables, functions, end user, and region. Based on vegetables, the Spray Dried Vegetables Market is segmented into onion, tomato, potato, beans, corn, mushroom, coriander, garlic, ginger. Based on function, the Spray Dried Vegetables Market is segmented into thickener, flavour enhancer, meat tenderizer, nutritional enrichment. Based on end user, the spray dried vegetables market is segmented into food and beverages products, food services, household, pharmaceuticals.
Spray Dried Vegetables Market Analysis by Vegetable:
Spray dried onion powder is predicted to increase rapidly due to its widespread use in ready-to-eat and ready-to-cook dishes. In many parts of the world, onion flavour and taste are integral to food preparation. Almost all RTC packaged foods contain onion powder. The high demand for onion powder from the foodservice industry, owing to its ease of transportation, consumption, and storage, is projected to fuel the segment's expansion in the coming years. Spray-dried tomato powder is also in high demand in the processed food industry, owing to its expanding use in the production of soups and sauces. Dehydrated potato powder is commonly used as a thickening agent in a variety of cuisine recipes.
Spray Dried Vegetables Market Analysis by End User:
The food and beverage segment is predicted to increase significantly due to constantly changing lifestyles that seek healthy and ready-to-cook options. Spray-drying produces a product with comparable taste and nutrients, but with a longer shelf life. This has led to an increase in their use for the production of healthful meals that can be cooked quickly. Growing hectic lifestyles are pushing the desire for convenient foods that can be enjoyed on the go. The growing trend of consuming vegetable based whole meals and functional beverages is likely to drive spray dried vegetables market expansion.
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Based on region, global spray dried vegetables market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. North America is expected to rise rapidly as a result of the growing trend of healthy eating. The region's growing working population and millennials are expecting healthy convenience food options in their hectic daily schedules, ensuring the high usability of spray-dried vegetable powder in their processing. Consumer dietary habits have shifted in recent years, leading in growing demand for natural ingredient-based functional foods. The rising popularity of nutrient-dense foods that also provide an enjoyable experience stimulates the need for dehydrated vegetable powders in a variety of cuisine recipes. On the other hand, increased investments in development and innovation in the processed food industry are likely to fuel the region's market expansion. The spray dried vegetables market in Europe is predicted to increase significantly due to rising consumption of convenience foods. The growing popularity of herbal dietary supplements is also increasing demand for dehydrated vegetable powders. Vegetable powders are used to enhance the flavour and nutritional characteristics of dietary supplements. Spray-dried vegetable powders are commonly used in the production of speciality foods such as vegan, gluten-free, and low-gluten foods.
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Spray Dried Vegetables Market Drivers
Spray Dried Vegetables Market Restraint
Adulterated Powder is the Serious Problems in this Industry
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The spray dried vegetables market is characterised by the presence of well-established players as well as several small and medium-sized players. These manufacturers are pursuing a variety of strategies, including new product launches, product portfolio expansion, and mergers and acquisitions. Several large firms are forming multiple strategic alliances in order to increase their market share and get a competitive edge.
Top Players in the Global Spray Dried Vegetables Market
Spray Dried Vegetables Market Recent Developments
In January 2020, a Japanese flavour giant Takasago International Pte Ltd. revealed the opening of its latest factory in Indonesia to strengthen its position in South Asian region. The facility will manufacture liquid and spray dried vegetable powders. to capitalize
In November 2021, The Food Processing Innovation Center (FPIC), Davao’s innovative food product called Bukolyte is launched in Davao City. Spray-dried buko (young coconut) powder Bukolyte is made from young coconut water and meat developed using spray-drying technology that converts liquid extracts into powder while preserving some of the important nutrients.
Fruit and Vegetable Residues Valued as Functional Powders
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global spray dried vegetables market analysis, the market is expected to experience positive growth trends in the near future as a result of many factors such as rising demand for vegan goods, increased consumption of traditional snacks, and increased health consciousness among the people. During the initial phase, the use of powdered fruits and vegetables was primarily minimal. However, fruit and vegetable powder has steadily been utilised for a variety of uses, including food flavouring in the food industry and supplements to increase the mineral and vitamin content of food. Thus, the global market for fruit and vegetable powder has developed and expanded throughout the years, accounting for use in a variety of applications, and the market is expected to grow at a pace of 5.6 percent over the forecasted period.
|Market size value in 2021||USD 54.51 billion|
|Market size value in 2030||USD 59.55 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Spray Dried Vegetables Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Spray Dried Vegetables Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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