The vegetable powders market is projected to be valued at USD 7.2 Billion in 2023 and is expected to reach USD 12.0 Billion by 2033, growing at a CAGR of 5.3% over the forecast period.
The factors driving the increased demand for vegetable powders include:
- Growing Application in Pharmaceuticals
- Rising Demand for Vegan Products
- Increased Consumption of Conventional Snacks
- Rising demand for food products made with organic and natural ingredients
- Expanded use of vegetable powders in food and beverage products
- Growing preference for clean-label ingredients over artificial alternatives
- Evolving consumer taste preferences
- Increased need for food preservatives
The growing preference among the global population for packaged foods and beverages is anticipated to boost the vegetable powder market. Powders made from vegetables such as onion, tomato, corn, mushroom, and beans are increasingly popular.
These vegetable powders are finding expanded use in ready-to-eat (RTE) foods, soups, and sauces, creating significant opportunities for market growth. The rising application of vegetable powders in both household and food service settings, coupled with their easy availability through distribution channels like supermarkets, hypermarkets, and specialty stores, is driving market expansion during the forecast period.
In North America, the vegetable powders market holds the largest share, driven by the region’s well-established food and beverage industry and high consumption of fast and ready-to-eat foods. Europe also leads the vegetable powder market, largely due to the rising demand for clean-label food products and a growing preference for natural and organic foods.
Asia Pacific is the fastest-growing market for vegetable powders, fueled by a shift towards clean-label products over artificial ingredients. Additional growth drivers in the region include increasing disposable incomes and an improving standard of living.
The vegetable powder market is poised for growth due to rising consumer demand driven by evolving preferences and lifestyle changes. A key trend fueling this expansion is the increasing demand for natural and organic food products. Additionally, new startups are entering the market, introducing innovative and diverse product options for vegetable powders.
Key Suppliers of Vegetable Powders
Some of the key market players involved in vegetable powders are
- Frontier Co-Op.
- MRM
- Garden of Life
- Bluebonnet
- Country Farms
- Fit Miss
- Buk Supplements
- Fit Formula
- Fresh Blends
- Others
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Vegetable powders Segmentation
By Grade:
- Feed Grade
- Food Grade
By Vegetable:
- Onion & Tomato
- Corn
- Mushroom
- Beans
- Others
By Application:
- Thickener
- Nutritional Enrichment
- Flavour Enhancer
By End-Use:
- Household
- Food Service (Sauces, Soups, and Others)
- Food and Beverage Products
By Distribution Channel:
- Supermarket/Hypermarket
- Convenience stores
- Specialty Stores
- Online Stores
- Others
By Region:
- North America (the USA, Canada, and Mexico)
- Europe (Russia, United Kingdom, Germany, Italy, and France)
- South America (Brazil, Argentina)
- Asia Pacific (India, China, Australia, and the Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia)
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