Vegetable Pieces Ingredients Forecast and CAGR
According to the latest research by Persistence Market Research, the vegetable pieces ingredients market is set to witness steady growth during 2021-2031. Demand for vegetable pieces ingredients will witness growth from the household sector and foodservice industry in the short-term, with an optimistic growth outlook in the long run.
What is Driving Demand for Vegetable Pieces Ingredients?
The ever-evolving need for convenient foods to save efforts and energy and the rapid urbanization have all resulted in the creation of food products such as vegetable pieces which are simply the whole vegetable but in a chopped, sliced, or cut short form. This saves time for preparation and offers easy cooking with all the taste and nutrients intact as in the case of whole vegetables.
The work-centric lifestyles have forced the major population to opt for such foods which have led to the creation of demand and marketplace for such foods. Moreover, knowing the health benefits that vegetables have to offer, more and more people have started to include vegetables in their daily diet.
However, it’s also a scientific fact that cutting some vegetables increases their nutritious value. For instance, celery, lettuce, and parsnips when chopped or cut into pieces it increases their polyphenol content which is an ideal choice for health-conscious consumers. These factors are ascertaining the market growth for a product like vegetable pieces ingredients.
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Foodservice Industry Likely to Increase Vegetable Pieces Ingredients Sales
The industry is anticipated to perform and serves quickly which can be managed by the use of products such as pre-chopped vegetables offered by different manufacturers. The unparalleled convenience that this type of product offers to this industry is a pathway to its market growth and application in the industry.
Furthermore, it also ensures the availability of some seasonal vegetables which otherwise need to be obtained from frozen vegetables hence deteriorating its freshness.
China Vegetable Pieces Ingredients Market Outlook
According to the data published on FAOSTAT China is the world’s largest producer of fresh vegetables reaching almost 600 Mn metric Tons in 2019 with tomatoes being the most produced in the country. This depicts an innumerable supply of raw material for processing and producing the chopped and sliced vegetables.
The demand in the domestic marketplace is itself high enough that it also creates a potential market in the country itself.
Apart from the surplus raw material the country is also the number one in providing the processing equipment as well as kill full human resources if and when needed. The trade association of the country are also well established and is global. All this adds up to China being an optimistic marketplace for a product like vegetable pieces ingredients.
Furthermore, the foodservice industry in the country is so expanded and requires an uninterrupted supply of vegetables, in which a product like this becomes an ideal choice due to the convenience and seasonality of this product.
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Europe Demand Outlook for Vegetable Pieces Ingredients
By 2019, the European canned foods market grew to approximately US$ 8.0 Bn with the most prominent growth so far observed in 2016. Most food products that are offered in the canned form are chopped or sliced vegetables and hence the market for these is expected to increase steadily during the forecast period in the European marketplace.
The increase is due to the benefits such as continence and longer shelf life offered by the vegetable pieces ingredients to a region that relies heavily on imports for fruits and vegetables.
Furthermore, the product also ensures the availability of seasonal vegetables throughout the year without opting for frozen products and hence is another potent reason for the market expansion in the European Union. These facts make this a lucrative business for the manufacturers in this region.
Who are the Key Manufacturers and Suppliers of Vegetable Pieces Ingredients?
Some of the leading manufacturers and suppliers of vegetable pieces ingredients include
- Furmano’s
- B & G Foods Inc.
- Del Monte Foods Inc.
- Mezzetta Express
- Giorgio Foods Inc.
- Goya Foods Inc.
- Star Fine Foods
- La Preferida
- Seneca Foods Corp
- Conagra Brands
- Giorgio Fresh Co.
- Libby’s
- Pereg Gourmet Spices
- Edward & Sons Trading Co.
- Shop Cento
- World Finer Foods
- Kayco
- Whole Foods Market IP. L.P.
- Simplot Australia Pty Ltd.
- The Country Fresh Company
- Others.
The manufacturers today are trying to provide new and improved forms of vegetables and are also providing customization options for customers in the foodservice industry or customers with wholesale or bulk orders. They are also employing research and development to provide more vegetables and eliminate seasonality restrain.
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