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

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 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. '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.'

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.

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.

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.