Vegetable Puree Market Share, Focusing on Key Companies, Development, Trends, Challenges, Growth, Countries, Revenue & Forecast to 2027
Market Highlights
The Global Vegetable Puree Market is
estimated to be valued at USD 11,851.1 Million
by 2025 and is expected to register a CAGR
of 4.86% during the forecast period. Vegetable Puree is a
smooth thick pulp form of vegetables. Each vegetable puree type holds health
benefits and is used as an ingredient in the food processing industry as per
their demand. Some of the applicable industry for vegetable puree include baby
nutrition, beverages, dairy & frozen desserts, soups, sauces, &
dressings, among others.
Europe was the largest market for vegetable purees
in 2018, and the regional market is expected to exhibit the highest
CAGR during the review period. Increasing demand for plant-based beverages is
expected to surge the growth of vegetable puree in the beverage industry in
Europe. Asia-Pacific is expected to be an attractive regional market for the
manufacturers of vegetable puree owing to the growth of food processing
industry in the developing countries of this region. In Europe, surging demand
for agarwood oil as a base ingredient in perfumes offered by several European
brands has resulted in market growth.
Vegetable puree is witnessing an increasing demand
in various food and beverage applications such as baby food, dairy products,
breakfast cereals, beverages, bakery and confectionery, and others. To avoid
the addition of synthetic additives in baby food, manufacturers are focusing on
providing vegetable purees as infant formula or adding vegetable purees in
different baby foods. This is leading to increased growth of global vegetable
puree market.
Segmental Analysis
The global vegetable
puree market share has been segmented on the basis of type, category,
application, and region.
By type, the market has been divided into a tomato,
carrot, beetroot, pumpkin, peas, spinach, butternut squash, zucchini, bell
pepper, and others. The tomato segment accounted for the prominent
market share in 2018 with its wide application in sauces and dressings.
However, the spinach segment is projected to exhibit the highest CAGR during
the forecast period. Spinach puree has found its application in baby nutrition,
juices, and smoothies. It is also used in various baked products.
On the basis of category, the global vegetable
puree market has been segmented into organic and conventional. The conventional
segment accounted for the larger market share in 2018 owing to major vegetables
grown using conventional farming practices. However, the organic segment is
projected to grow at a higher rate owing to changing consumer preferences
towards organic foods and food ingredients.
Based on application, the global vegetable puree
market has been classified as baby nutrition, beverages, dairy & frozen
desserts, soups, sauces, & dressings, and others.
The beverages segment accounted for the largest market share in 2018.
The surging consumption of healthy juices and smoothies in the global market is
expected to propel the sale of vegetable purees. However, increasing concern
among the parents regarding the fulfillment of the nutritional requirement of
the babies is projected to increase the demand for the vegetable puree in the
baby nutrition segment. Thus, baby nutrition segment is projected to register
the highest CAGR during the forecast period.
Market Players
Market Research Future recognizes Ingredion
Incorporated (US), Kanegrade Limited (UK), SVZ International B.V.
(Netherlands), Milne Fruit Products (US), Lemon Concentrate S.L. (Spain), Sun
Impex International Foods LLC (UAE), Place UK Ltd (UK), F&S Produce
Company, Inc. (US), KB Ingredients (US), Döhler GmbH (Germany) as
the key players in the global vegetable puree market.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/vegetable-puree-market-5493
Regional Analysis
Geographically, the global
vegetable puree market has been segmented into North America,
Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, Europe
dominated the market, accounting for the largest share, in 2018. Moreover, the
market in Asia-Pacific is expected to register the highest CAGR of
5.65% during the assessment period. The North American
market accounted for the second-largest market share in 2018.
Key Findings of the Study:
- The global vegetable puree market is expected to
register a growth rate of 86% from 2019 to 2025. The surging
demand for healthy and natural ingredients in food & beverages is
projected to propel the growth of the global vegetable puree market.
- The tomato puree segment is estimated to maintain its prominent
share, registering a substantial growth rate of 40% during
the forecast period.
- On the basis of application, the beverages segment is expected to
hold the largest market share during the forecast period and is projected
to register a growth rate of 70%.
NOTE:
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Verticals and wherever required we will be considering Covid19 Footprints for
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