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Market Overview
The air dried vegetables market involves cultivation and preservation of vegetables for longer shelf life by subjecting them to controlled drying using circulating hot air. Air dried vegetables have higher nutritional value as compared to fresh ones due to minimal nutrition loss during the drying process. Popular air dried vegetables include tomatoes, carrots, bell peppers, sweet potatoes and mushrooms. They can be added to salads, soups or consumed as snacks. The air drying technique helps maintain the color, texture and flavor of vegetables to a large extent. Air dried vegetables are a healthier alternative to canned or frozen vegetables, free from preservatives and additives.
The global air dried vegetables market is estimated to be valued at USD 4.12 Bn in 2024 and is expected to reach USD 7.30 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
Key Takeaways
Key players operating in the air dried vegetables are Olam International, Sunfood Corporation, Hain Celestial Group, Dole Food Company, McCain Foods, Kraft Heinz Company, General Mills, Conagra Brands, B;G Foods, Pinnacle Foods, Tropicana Products, Green Giant, Del Monte Foods, Euro Foods Industries, Maxcor Agro And Allieds, Caradora Health Solutions, Tripti Food Processing and Traders, Natural Prime Food, Spices, Agarwal Foods, and Sandha Overseas.
The growing awareness about the health benefits of air dried vegetables along with their convenience of use presents significant opportunities for manufacturers in Air Dried Vegetables Market Share. The longer shelf life offers scope for expanded global distribution reach.
Increasing global trade and rising incomes in developing countries are driving the global expansion of air dried vegetables market. Key importers include North America and European countries.
Market drivers
The key driver for the air dried vegetables market is the increased consumer awareness about the various health benefits associated with their consumption. Air dried vegetables are nutritionally dense and help address issues like weight management, heart health, diabetes management and improving digestion. The surge in health conscious consumers is expected to boost demand for air dried vegetables over the forecast period.
PEST Analysis
Political: The governments in various countries promote cultivation and production of air dried vegetables to support small farmers and local suppliers. Certain trade policies influence imports and exports of such products.
Economic: Changes in consumer spending patterns and rise of health consciousness fuel demand for nutritious air dried vegetables. Lower production costs and longer shelf life compared to fresh vegetables make them economically viable.
Social: Growing awareness about benefits of consuming minimal processed foods boost popularity of air dried varieties. Ease of use and portability aid their acceptance in modern lifestyles. Preferences for traditional/regional flavors and snacks drive some regional markets.
Technological: Advanced drying techniques help retain high nutrition levels as per Air Dried Vegetables Market News. New packing solutions extend shelf life without preservatives. Automation aids large scale manufacturing while reducing production time. E-commerce expands reach into rural/remote areas.
South Asia and ASEAN countries accounts for over 35% of global market value led by India, Philippines, Indonesia and Vietnam. Traditional diet patterns, availability of raw materials and conducive climatic conditions support high production volumes. Europe is the fastest growing regional market driven by health trends, emphasis on natural/organic foods and prominence of Mediterranean diet incorporating dried foods.
Central and South America has emerged as another high potential market segment led by Brazil and Mexico. Growth is spurred by rising disposcretionary incomes, large expatriate communities retaining culinary traditions and efforts to scale up production to cater to global trade.
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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