USD 54.51 billion
Spray Dried Vegetables Market Size, Share, Growth Analysis, By Vegetables(Onion, tomato, potato, beans), By Function(Thickener, flavour enhancer, meat tenderizer, nutritional enrichment), By End users(Food, beverages products, food services, household), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2165 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
99
|Figures:
76
Spray Dried Vegetables Market Insights
Spray Dried Vegetables Market size was valued at USD 54.51 billion in 2019 and is poised to grow from USD 59.55 billion in 2023 to USD 121.23 billion by 2031, growing at a CAGR of 9.29% in the forecast period (2024-2031).
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.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Food and beverages products
Fastest Growth
Food and beverages products
Growth Rate
9.29% CAGR
Global Spray Dried Vegetables Market 2024-2031 ($ Bn)
Country Share for North America Region- 2024-2031(%)
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Spray Dried Vegetables Market Segmental Analysis
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.
Global Spray Dried Vegetables Market by End-Users, (%)
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Spray Dried Vegetables Market Regional Insights
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.
Global Spray Dried Vegetables Market By Geography, 2024-2031
- Largest
- Fastest
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Spray Dried Vegetables Market Dynamics
Spray Dried Vegetables Market Drivers
- In today's hurried lifestyle, the demand for ready-to-cook (RTC) items has risen dramatically in recent years. RTC prepared foods are easier to prepare and can be stored for a longer amount of time. The growing trend of eating complete and healthful meals has prompted food processing companies to use vegetable powders in a variety of convenience foods. The growing use of dehydrated vegetable powders in RTC foods is essentially driving the global spray dried vegetables market. The thriving foodservice sector around the world is also contributing to market expansion, as dried vegetable powders are used in a variety of product preparations in hotels and restaurants.
Spray Dried Vegetables Market Restraint
Adulterated Powder is the Serious Problems in this Industry
- Adulteration in fruit and vegetable powder is a serious concern since it can render products unhealthy and even dangerous to customers. Experts are often emphasising the need of people being cautious about what they ingest. The usage of lead chromate and starch is prevalent, and both compounds are not edible and can cause health problems such as liver difficulties. Fruits and vegetables are artificially ripened using calcium carbide, which can have an impact on the final fruit powder product. This adulterant has been linked to ulcers, neurological diseases, memory loss, and hypoxia.
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Spray Dried Vegetables Market Competitive Landscape
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
- Nestle S.A.
- Koninklijke DSM N.V.
- Buhler AG
- GEA Group Aktiengesellschaft
- Chr. Hansen Holding A/S
- Kerry Group plc
- Tate & Lyle PLC
- Archer Daniels Midland Company
- Dohler GmbH
- Novozymes A/S
- FrieslandCampina Kievit
- Symrise AG
- Cargill, Incorporated
- Ingredion Incorporated
- E.I. Du Pont De Nemours and Company
- Glanbia PLC
- Lycored Corp.
- Sensient Technologies Corporation
- Sunspray Food Ingredients (Pty) Ltd.
- Ajinomoto Co., Inc.
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.
Spray Dried Vegetables Key Market Trends
Fruit and Vegetable Residues Valued as Functional Powders
- Food waste is seen as a global concern since it poses a persistent threat to the environment and a severe operational difficulty for the food industry. Fruit and vegetable by-products are a great source of bioactive components that can be reintroduced and reused in the agricultural food chain. These by-products have the potential to be converted into functional powdered components that may then be used in food formulations to improve the nutrition profile of the food. As a result, fruit and vegetable manufacturers are incorporating these by products to boost the nutritional and health value of their goods. This valorisation process also helps to develop sustainable and healthy diets. The process also contributes to the management of food raw materials and by products by reducing the environmental impact of the food industry.
Spray Dried Vegetables Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 54.51 billion |
| Market size value in 2031 | USD 121.23 billion |
| Growth Rate | 9.29% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Spray Dried Vegetables Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Spray Dried Vegetables Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Spray Dried Vegetables Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Spray Dried Vegetables Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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