Vegetable Extracts Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 5.9 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The global vegetable extracts market was valued at approximately USD 3.8 billion in 2022 and is projected to reach around USD 5.5 billion by 2028. This growth represents a compound annual growth rate (CAGR) of 6.5% over the forecast period. The increasing demand for natural and organic products in the food and beverage industry, driven by a rising health consciousness among consumers, is significantly fueling this market expansion. Additionally, the surge in the use of vegetable extracts in pharmaceuticals, nutraceuticals, and personal care products contributes to the market's upward trajectory.
Emerging markets are presenting substantial opportunities for growth, particularly in regions such as Asia-Pacific and Latin America. These regions are experiencing a burgeoning middle-class population with heightened awareness of health and wellness, which drives the demand for vegetable-based health supplements and natural additives. The rising trend of clean label products and sustainable sourcing also creates avenues for market players to innovate and capture new customer segments. The evolving regulatory frameworks and increased research and development efforts in these emerging markets further enhance the prospects for growth in the vegetable extracts sector.
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Aarkay Food Products
Alpspure Lifesciences
B.K. Dehy Foods
Del-Val Food Ingredients
Foods & Inns
Givaudan
Ingredion
KAN Phytochemicals
Mevive International
Mitsubishi Corporation
Mitthi Foods
Natural Dehydrated Vegetables
Nikken Foods
Olam Group
Real Dehydrates
Shakti Foods
Silva International
Tanisi Incorporation
Van Drunen Farms
Xinghua Lianfu Food
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Vegetable Extracts Market
Food Manufacturers
Foodservice Industry
Retail
Based on Types the Market is categorized into Below types that held the largest Vegetable Extracts market share In 2023.
Form
Fluids & Paste
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Vegetable Extracts Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Vegetable Extracts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vegetable Extracts Market, By Type
6. Global Vegetable Extracts Market, By Application
7. Global Vegetable Extracts Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Vegetable Extracts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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