Vegetable Powder Ingredients Forecast and CAGR
According to latest research by Persistence Market Research, vegetable powder ingredients market is set to witness slow but steady growth during 2021-2031. Demand for vegetable powder ingredients will witness slow growth in short-term, with optimistic growth outlook in the long-run.
What is Driving Demand for Vegetable Powder?
The gradual shift in the food preferences of the health-conscious consumers have made food manufacturers to deliver products that suits the demands and bodily needs of consumers. The manufacturers are consistently innovating the products range to offer healthy food products with different flavors and raw material into dried and powdered forms to extend not just the shelf life but also extract the purest form of nutrition.
The notion that the purest and most effective form of nutrition is available in form of fruits and vegetables and hence their powdered extract is the concentration of such nutrition has found effective applicability in the food & beverages and supplements industry.
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Also, if we consider the well-established fact that all vegetables are not available throughout the year or are seasonal, the powder is an effective way of making available the vegetables throughout the year. The increasing need for iron intake in the fitness industry is calling for a mass utilization of green leafy vegetable powders as a supplement and also aiding to its market growth.
Healthcare Industry Likely to Augment Vegetable Powder Ingredients Sales
The Covid-19 pandemic proved to be a demand accelerator for the health supplement products. The high recommendation of vegetables intake for enhancing body immunity did result in an increased demand for such products. Although supply chin disruptions did cast some hindrances but those obstacles were tackled as the demand for such products grew.
In the fitness and nutrition industry mammoth organizations are making huge profits the green vegetables extract either in powdered form or capsules. Now, this seems to be a seizing opportunity for the manufacturers of the vegetable powders supplement, due to the highly expanding fitness market and its varied uses for muscle growth.
India Vegetable Powder Ingredients Market Outlook
According to the data published by Agricultural and Processed Food Products Export Development Authority, Government of India, India is the second largest producer of all varieties of fruits and vegetables. As per National Horticulture Database published by National Horticulture Board, during 2015-16, 169.1 Mn metric Tons of vegetables, which is opening up opportunities for vegetable powder manufacturers in form of raw material.
The consumption of vegetable is itself high in the country due to the dominating vegetarian population that the country also offers a good domestic market growth for the product. Moreover, the fitness and supplements industry in the country is also blooming which provides further opportunities for market growth domestically.
The increasing urban population and the awareness about a healthy lifestyle are also ascertaining the market growth in the country. With increased work centric population, the demand for more and more wholesome foods keeps on increasing the country for which the product seems to be an ideal fit.
U.S. Demand Outlook for Vegetable Powder Ingredients
The U.S. is the highest consumer of the processed food products with a number of global processed food providers located in its premises. Its is highly anticipated that the demand for the vegetables powder ingredients will increase in the forecast period.
The increasing awareness and urbanization are also some of the potent factors that are accelerating the market growth in this region.
The country is also observing an increased demand for ready to eat foods owing to the fact that they tend to save time and energy cost. In such a scenario the product seems to be an ideal choice.
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Who are the Key Manufacturers and Suppliers of Vegetable Powder Ingredients?
Some of the leading manufacturers and suppliers of vegetable powder ingredients includes
- Kuli Kuli Foods
- Olympian LabsInc.
- Garden of Life
- MacroLife Naturals
- BulkSupplements.com
- Country Farms
- Life Extension
- X Gold Health
- Kiva
- Iovate Health Sciences Incorporated
- Eclectic Institute
- Om Mushroom Superfood
- Shoutgriin
- BioSchwartz LLC
- Naturelo
- Reset360
- Others.
The manufacturers today are making us of the trending labels such as organic to target new customers looking at the increased demand as well as consumption of such products. The manufacturers are responding to customers needs in an optimistic manner.
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