Dried Vegetable Market Overview
As per MRFR analysis, the Dried Vegetable Market Size was estimated at 30.26 (USD Billion) in 2022.
The Dried Vegetable Market Industry is expected to grow from 31.75(USD Billion) in 2023 to 48.9 (USD Billion) by 2032. The Dried Vegetable Market CAGR (growth rate) is expected to be around 4.92% during the forecast period (2023 - 2032).
Key Dried Vegetable Market Trends Highlighted
Key market drivers for the dried vegetable market include rising health consciousness, increasing demand for convenience foods, and growing popularity of vegan and vegetarian diets. The growing prevalence of chronic diseases such as obesity and diabetes has led consumers to seek healthier food options, driving demand for nutrient-rich dried vegetables. Additionally, the increasing availability of dried vegetables in convenient packaging and formats has made them an attractive choice for time-strapped consumers.
Opportunities to be explored in the dried vegetable market include the development of innovative products that cater to specific dietary needs and preferences. For instance, there is growing demand for organic, gluten-free, and low-sodium dried vegetables. Additionally, there is potential for growth in the use of dried vegetables as ingredients in processed foods and beverages.
Recent trends in the dried vegetable market include the adoption of sustainable practices by manufacturers and the increasing use of e-commerce platforms for sales. Consumers are becoming increasingly aware of the environmental impact of food production, and they are looking for products that are produced sustainably. As a result, manufacturers are investing in eco-friendly packaging and reducing their carbon footprint. Furthermore, the growing popularity of online grocery shopping is providing new opportunities for dried vegetable manufacturers to reach a wider customer base.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dried Vegetable Market Drivers
Rising Demand for Convenience Foods
The agricultural industry all over the world is on the rise. This may be thanks to a variety of factors, but the main impetus behind this increase is no doubt the growth of the world’s population. With more people living on the earth every day, demand for food rises as well. This makes agriculture an extremely important sector. Of the many processes that fall under the umbrella of agriculture, growing vegetables deserves special attention, as the popularity of dry vegetables continues to grow due to the high demand for convenience foods in urban areas.
Increasing Health Consciousness
In the modern society, consumers are more health-conscious than ever and are looking for healthy and nutritious food. Dried vegetables contain essential vitamins, minerals and fiber, which are beneficial for the health of consumers. In addition, they are low in calories and fats, which meets the growing demand for healthy food products. For these reasons, the increasing health consciousness of consumers is projected to drive the growth of the Global Dried Vegetable Market Industry.
Expansion of the Foodservice Industry
The emergence of new opportunities is driven by the expansion of the foodservice industry, especially in developing markets. Quick-service restaurants, cafes, and other types of foodservice are using dried vegetables in their dishes since this is an affordable and handy ingredient. The rising demand for food delivery services results in the growing adoption of dried vegetables since they are easily incorporated into meal kits and other delivery options.It is expected that the Global Dried Vegetable Market Industry will grow.
Dried Vegetable Market Segment Insights:
Dried Vegetable Market Type Insights
The Global Dried Vegetable Market is experiencing noteworthy growth driven by a diverse range of product types, with several segments contributing significantly to the overall market expansion. In 2023, the market is valued at 31.75 USD Billion and is projected to reach 48.9 USD Billion by 2032, reflecting a steady interest in various dried vegetables. Among these, the fruits segment shows a dominant revenue contribution with a valuation of 11.13 USD Billion in 2023, indicating its strong appeal and versatility in culinary applications and healthy snacking options. The mushrooms segment, valued at 3.82 USD Billion in 2023, highlights the importance of this ingredient not only for its flavor enhancements but also for its nutritional benefits, making it a significant player in the market. Root vegetables, at 3.47 USD Billion, provide essential nutrients and are widely used in various cuisines, emphasizing their ongoing relevance. Meanwhile, the leafy vegetables segment is valued at 2.92 USD Billion, showcasing its significance in health-conscious diets, while legumes and pulses dominate with a robust valuation of 10.41 USD Billion in 2023, underlining their prominence as protein sources.
The segmentation of the Global Dried Vegetable Market reveals critical trends and growth drivers, where the importance of healthy eating choices and convenient food options fuels increased demand across all categories. The fruits segment’s majority holding is attributed to the rising consumer preference for nutrient-dense snacks and their use in various food applications. The dominance of legumes and pulses is also notable, as consumers shift towards plant-based diets, further enhancing their value proposition in the market. Despite the increasing popularity of these segments, challenges such as traumatic sourcing and production costs persist, posing potential constraints on market growth.
Nonetheless, opportunities lie in product innovation and expanding markets as consumers seek more diverse and convenient options for incorporating these ingredients into their diets. The interplay of these factors creates a dynamic landscape in the Global Dried Vegetable Market that is shaped by evolving consumer preferences, the growing emphasis on health and wellness, and a quest for culinary variety. Overall, the market statistics reflect a strong future outlook, with a diverse segmentation that caters to a broad range of consumer needs and preferences in the ever-growing landscape of dried vegetable consumption.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dried Vegetable Market Processing Method Insights
The Global Dried Vegetable Market, valued at 31.75 USD Billion in 2023, showcases diverse processing methods that play a crucial role in its segmentation. Among these, Sun Drying is a traditional technique often preferred for its natural approach and ability to preserve flavor, while Artificial Drying employs advanced technology, offering reliability and consistency in moisture removal. Freeze Drying, although a more modern method, is gaining traction for its superior quality retention, making it an attractive option for premium vegetable products.The growing consumer preference for healthy and convenient food alternatives drives significant demand across these processing methods. Moreover, as the market seeks to innovate, these approaches present opportunities while also facing challenges like energy consumption and production costs. The Global Dried Vegetable Market data further reflects the resilience of these processing methods amidst changing consumer choices, underlining their importance in overall market growth. As these methodologies evolve, they are set to continue dominating the landscape of the Global Dried Vegetable Market industry. The ongoing trends of sustainability and health consciousness promise a bright future for all three methods, ensuring their relevance in the market.
Dried Vegetable Market Form Insights
The Global Dried Vegetable Market showcases a diverse range of forms, reflecting a dynamic industry in 2023, valued at 31.75 USD Billion. This segment includes Whole, Sliced, Diced, Powder, and Flakes forms, each catering to various consumer needs and preferences. Whole dried vegetables are often favored for their versatility in culinary applications, while Sliced and Diced forms facilitate quick and convenient meal preparations, making them popular among busy households. Powdered forms are significant for their use as flavor enhancers in processed foods, appealing to manufacturers seeking to improve product taste and nutrition.
Flakes find their importance in instant meal kits and snacks, catering to the growing demand for on-the-go food options. Overall, the Global Dried Vegetable Market segmentation reflects heightened consumer interest in easy-to-use, nutritious, and ready-to-cook meal components, which are driving market growth and shaping industry trends toward health-conscious eating habits. As lifestyle changes continue to influence food choices, the sustained demand for various forms of dried vegetables is expected to play a crucial role in the overall market's expansion.
Dried Vegetable Market Application Insights
The Global Dried Vegetable Market is projected to hold a significant valuation of 31.75 USD Billion in 2023, showcasing the growing demand across diverse applications. The market extends into various sectors, particularly Food and Beverages, Pharmaceuticals, Cosmetics, and Animal Feed. The Food and Beverages sector is a major driving force, benefitting from the rising consumer preference for healthy and convenient food options. Additionally, the Pharmaceuticals segment values the utilization of dried vegetables for their nutritional benefits, thus bolstering market growth.
Cosmetics also leverage the natural properties of dried vegetables, enhancing product attractiveness. Animal Feed represents a vital application as well, offering nutritional supplements derived from dried vegetables that contribute to livestock health. With these diverse applications, the Global Dried Vegetable Market segmentation demonstrates a robust framework for industry growth, backed by increasing health consciousness and demand for natural ingredients across various sectors. Market growth is further fueled by shifting consumer preferences towards sustainable and natural products, presenting significant opportunities for players within this industry. Overall, the Global Dried Vegetable Market statistics reflect a dynamic interplay of trends, growth drivers, challenges, and opportunities, indicating a promising outlook for future developments.
Dried Vegetable Market Packaging Type Insights
The Global Dried Vegetable Market, valued at approximately 31.75 USD Billion in 2023, showcases a diverse array of packaging types that play critical roles in product presentation and preservation. Within this market, the assortment includes Bags, Cartons, Bottles, Jars, and Pouches, each catering to specific consumer preferences and storage needs. Bags are widely utilized due to their lightweight and convenient nature, facilitating easy transportation and storage. Cartons often dominate segments focused on bulk sales, providing a sustainable option with robust protection against damage.
Pouches have gained traction for their resealability and ability to maintain freshness, making them a popular choice among health-conscious consumers. Bottles and jars provide aesthetics and functionality, appealing to premium markets where presentation is key. Overall, the packaging type in the Global Dried Vegetable Market shows significant diversity, reflecting trends in convenience, sustainability, and consumer preferences, all contributing to the growth potential of this industry as outlined in the Global Dried Vegetable Market statistics.
Dried Vegetable Market Regional Insights
The Global Dried Vegetable Market encompasses a broad regional segmentation that highlights varying valuations across key geographical areas. In 2023, Europe accounted for a substantial share, valued at 9.07 USD Billion, while the Asia Pacific region leads the market with a valuation of 12.04 USD Billion, showcasing its majority holding and significant demand for processed food. North America trailed with a valuation of 3.05 USD Billion, indicating a less dominant but still noteworthy position in the market. South America showed a smaller yet growing presence, valued at 1.27 USD Billion, reflecting emerging consumer preferences for dried vegetables in the region.
The Middle East and Africa combined held a valuation of 6.33 USD Billion, demonstrating a notable interest in dehydrated products amidst burgeoning food trends. This diverse Global Dried Vegetable Market revenue landscape underscores regional adaptation to market trends, with varying growth drivers including health consciousness and convenience leading to an expansion in product offerings. The segmentation data reveals both challenges and opportunities. For instance, while the Asia Pacific shows significant growth potential, regions like South America may face challenges in scaling production to meet growing demand.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dried Vegetable Market Key Players And Competitive Insights:
Dried Vegetable Market industry major players invest significant resources in the research and development sector. The leading players focuses on developing new and innovative products in order to enhance their product portfolio on account of increased product demand and thus, increase their market shares.
There is high competition in the Dried Vegetable Market industry among the major players. In order to increase their leverage in the market and develop a competitive edge over their competitors, the major players in the industry engage in strategic activities including partnerships strategic acquisitions.
Nestlé is a major player in the Dried Vegetable Market industry. The company offers a wide range of dried vegetable products. The company produces dehydrated vegetables, freeze-dried vegetables and vegetable powders. Nestlé has managed to maintain a significant position in the market through the employment of its global network where the company has established distribution channels across a wide spectrum of customers. Nestlé has increased its success in the Dried Vegetable Market on the basis of its commitment to the enhancement of innovation and development of products. The company has run extensive research and development on dried vegetable products and as a result developed innovative products that meet the demand levels of the customers.
Ajinomoto is also a significant competitor in the Dried Vegetable Market industry. The company has significant share in the Asian market and is expanding its network to the global market. Ajinomoto proposes a wide range of dried vegetable products including dehydrated vegetables, vegetable powders and vegetable extracts. The company has a significant reputation in the industry ia s a result of its commitment to quality and customer satisfaction. Ajinomoto is also dedicated to maintaining sustainable environment and thus considered an environmentally responsible player in the Dried Vegetable Market industry.
Key Companies in the Dried Vegetable Market Include:
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Hormel Foods Corporation
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Roland Foods, LLC
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American Key Food Products, Inc.
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Kernza
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Agrana BeteiligungsAG
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Bonduelle
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The Hain Celestial Group, Inc.
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SunOpta Ingredients Group
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NOW Health Group, Inc.
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Ingredion Incorporated
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Natural Delights
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Axiom Foods, Inc.
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Fuji Vegetable Oil, Inc.
Dried Vegetable Market Industry Developments
The global dried vegetable market is anticipated to reach a valuation of USD 48.9 billion by 2032, expanding at a CAGR of 4.92% from 2024 to 2032. This growth can be attributed to the increasing demand for convenience foods, the rising popularity of plant-based diets, and the growing awareness of the health benefits associated with dried vegetables. Key market players are focusing on product innovation and expanding their global presence through strategic partnerships and acquisitions. Recent developments include the launch of new product variants, such as air-dried and freeze-dried vegetables, and the development of sustainable packaging solutions to reduce environmental impact. The market is expected to witness continued growth in the coming years, driven by changing consumer preferences and the increasing adoption of dried vegetables in various food applications.
Dried Vegetable Market Segmentation Insights
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Dried Vegetable Market Type Outlook
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Fruits
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Leafy Vegetables
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Root Vegetables
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Legumes and Pulses
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Mushrooms
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Dried Vegetable Market Processing Method Outlook
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Sun Drying
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Artificial Drying
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Freeze Drying
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Dried Vegetable Market Form Outlook
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Whole
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Sliced
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Diced
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Powder
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Flakes
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Dried Vegetable Market Application Outlook
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Food and Beverages
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Pharmaceuticals
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Cosmetics
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Animal Feed
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Dried Vegetable Market Packaging Type Outlook
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Bags
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Cartons
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Bottles
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Jars
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Pouches
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Dried Vegetable Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
Report Attribute/Metric |
Details |
Market Size 2022 |
30.26(USD Billion) |
Market Size 2023 |
31.75(USD Billion) |
Market Size 2032 |
48.9(USD Billion) |
Compound Annual Growth Rate (CAGR) |
4.92% (2024 - 2032) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2023 |
Market Forecast Period |
2024 - 2032 |
Historical Data |
2019 - 2023 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
Nuts and Grapes ,Sun Impex ,NABL Sons Agro Industries ,Bhagyashree Impex ,LZ Seeds ,Verdant Foods ,Shiva Industries ,Eastern Impex International ,Veggies Provence ,Mayes International ,Jain Dry Fruit Industries ,greenvalley Natural Products ,Eluminea ,AartiImpex ,Ashoka Impex |
Segments Covered |
Type ,Processing Method ,Form ,Application ,Packaging Type ,Regional |
Key Market Opportunities |
Rising demand for convenience foodsGrowing health consciousnessIncreasing adoption of vegetarian and vegan dietsExpansion of ecommerce platformsInnovations in packaging and preservation technologies |
Key Market Dynamics |
Increasing health consciousnessRising disposable incomeGrowing demand for convenience foodsExpanding distribution channelsClimate change and extreme weather events |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The global dried vegetable market size was valued at USD 31.75 billion in 2023 and is projected to reach USD 48.9 billion by 2032, exhibiting a CAGR of 4.92% during the forecast period.
Asia Pacific is expected to dominate the global dried vegetable market throughout the forecast period. The region's large population base, increasing urbanization, and rising disposable income are key factors driving market growth.
Dried vegetables are widely used in various applications, including soups, stews, salads, snacks, and bakery products. They are also used as ingredients in food processing and manufacturing.
Major players in the global dried vegetable market include Olam International, SunOpta, Dhler, Ingredion Incorporated, and AGT Food and Ingredients.
The growing demand for convenient and healthy food products, increasing awareness of the nutritional benefits of dried vegetables, and rising disposable income are key factors driving the growth of the global dried vegetable market.
The global dried vegetable market faces challenges such as seasonality of raw materials, fluctuations in prices, and competition from fresh and frozen vegetables.
Key trends in the global dried vegetable market include the increasing popularity of organic and non-GMO products, the development of innovative drying technologies, and the growing demand for plant-based products.
The global dried vegetable market is projected to grow at a CAGR of 4.92% from 2023 to 2032.
Major factors influencing the growth of the global dried vegetable market include rising demand for convenience foods, increasing health consciousness, and growing urbanization.
The global dried vegetable market is segmented based on type, application, and region. By type, the market is divided into fruits, vegetables, and herbs & spices. By application, the market is segmented into food & beverages, pharmaceuticals, and cosmetics.