Demand for Longer Shelf Life to Transform the Global Dried Vegetables Market at a CAGR of 14.1% by 2026, QYResearch, Inc.
Industry: Food & Drink
Dried Vegetables Market is expected to reach US$10820mn by 2020 and US$27500mn by the end of 2026, registering a CAGR of 14.1% during the forecast period.
Los Angeles, CA (PRUnderground) January 28th, 2020
Vegetables have a short lifespan and tend to get easily bruised or spoiled. This is the key driving force for the dried vegetables market, which primarily function to prolong the shelf life. QY Research has recently published a report titled “Global Dried Vegetables Market Research Report 2020”. This report predicts the growth opportunities that lie in the global market. According to the report, the global dried vegetables market is expected to reach US$10820mn by 2020 and US$27500mn by the end of 2026, registering a CAGR of 14.1% during the forecast period.
Demand for Easy-to-Make Food to Boost Global Dried Vegetable Market
The demand for longer shelf life of vegetables due to fast moving lifestyle has created lucrative opportunities for the global dried vegetables market. Susceptibility to rot and decay makes them perishable easily, creating an opportunity for dried options to replace them. The lack of time and convenience of shopping online has also prompted the sale of dried vegetables in recent years.
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Vegetables are preferred by consumers not only because they last longer but also because they retain their vitamins and minerals even after going through the drying procedure. They are much lighter in weight compared to fresh vegetables and hence can be easily carried for travelling in tough terrains. They are ideal for hikers, bag packers, and anyone who want to easily prepare their food without engaging in long and strenuous cooking. They are also cost-effective compared to buying fresh vegetables frequently as you can store them and keep using them for longer time period.
Longer Shelf-life to Bolster Demand for Freeze Dried Food Segment
The freeze dried segment is expected to rise in demand during the forecast period as it retains most of its nutrition. This method also keeps the food tastier, crunchier, and lighter. They have a longer shelf life compared to air dried vegetables as they contain lesser moisture. They are easy to re-hydrate and retain the vegetable’s identity.
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Colder Temperature to Accelerate Demand in North America
North America is expected to lead the global market as this region has the concentration of key players operating in the global market. This region is colder and therefore, dried vegetables have a higher consumption rate compared to tropical regions.
Silva International has extended its portfolio by adding new herbs and spices to its line. Many other key players are also investing in expanding their product line to increase competition in the market.
The key players operating in the global dried vegetables market are Olam, Sensient, Jain Irrigation Systems, Eurocebollas, Silva International, Jaworski, Dingneng, Feida, Rosun Dehydration, and Dingfang.
About QY Research
QY Research is a leading global market research and consulting company. Established in 2007 in Beijing, China, QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and custom research to help our clients in providing non-linear revenue models and make them successful. We are globally recognized for our expansive portfolio of services.
