Vegetable Flakes & Granules Market: Global Industry Analysis and Forecast (2024-2030)

Vegetable Flakes & Granules Market Overview

The Vegetable Flakes & Granules Market Analysis Report provides an in-depth examination of this market segment. The report examines the market dynamics, analyzing drivers, challenges, trends, and opportunities driving growth. Also, it presents historical and projected market size and growth rates, segmented by product type, application, and region. The competitive landscape is considered, including market share analysis, profiles of key players, and their strategic initiatives. The comprehensive report provides stakeholders with valuable insights to navigate the Vegetable Flakes & Granules market effectively. Health and wellness becoming a priority, and consumers are seeking convenient and nutritious food choices.

 

Vegetable flakes & granules meet the demand by providing essential vitamins, minerals, and dietary fiber in a convenient format. Also, the rising demand for convenience foods, driven by busy lifestyles, has contributed to the popularity of vegetable flakes & granules, which are easy to prepare and versatile in various dishes. The growth of the food processing industry, particularly in emerging markets, further supports market growth by enabling efficient production and distribution. Product innovation, providing to specific dietary needs, and urbanization trends drive the demand for these products. Investors are presented with lucrative opportunities in the Vegetable Flakes & Granules market due to several key factors.

 

The escalating demand for healthy food options, driven by increasing health consciousness among consumers, underscores the potential for investment in companies manufacturing and distributing these nutritious products. Also, the growing food processing industry, especially in emerging markets, offers investment avenues in infrastructure development, technology upgrades, and production facilities personalized for vegetable flakes & granules.

 

According to the SMR Analysis, the world’s total international trade was XX Billion USD during the year 2022-23 in which the European Union ranked first with XX Billion USD followed by China and the USA. India stood at 12th position with XX Billion USD.

 

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Vegetable Flakes & Granules Market Dynamics 

Rising Vegan and Vegetarian Population

The increasing adoption of vegan and vegetarian lifestyles is a major driving force behind the growth of the vegetable flakes & granules market. SMR research data indicates a substantial increase in the global population following plant-based diets, with estimates suggesting that 26% of individuals worldwide are either vegan, vegetarian, or flexitarian. The trend is driven by various factors, including health consciousness, environmental awareness, and concerns for animal welfare. As more people seek plant-based alternatives, the demand for convenient and versatile products like vegetable flakes & granules continues to rise, positioning them as essential ingredients in modern dietary choices.

 

Export plays a pivotal role in the growth and development of nations, serving as a means to acquire innovative machinery, technology, and goods unavailable domestically. It holds a prominent position in the economic agenda of developing countries by contributing significantly to foreign exchange reserves. To maintain a healthy balance of trade and encourage foreign exchange reserves, sustained and robust export growth is imperative. Import, on the other hand, grants access to global products and services at competitive prices, facilitating technological advancements, education, healthcare, and transportation infrastructure improvements. It raises an enhanced quality of life for citizens.

 

Exportation increases market reach globally, allowing countries to utilize their resources more efficiently. Through international trade, nations can specialize in the goods they produce most efficiently, promoting economic efficiency and reducing costs. Participation in the global economy stimulates employment levels and overall income, developing economic growth and prosperity. Ultimately, international trade enhances efficiency, promotes economic growth, and elevates living standards for individuals and nations worldwide.

Agriculture being an important sector always plays a fundamental role in the economic development of the country. Abundant fertile land, efficient irrigation system, and intensive farming have made it the dominant sector in the economy which contributes 21% to the GDP and employs approximately 45% of the total workforce, whereas 61% of the rural population is dependent on the sector for its livelihood. Agriculture has also been developed into an important component of the country’s foreign exchange earnings by exporting different types of fruits, vegetables, and floriculture. On the other hand, there are many innovative areas in agriculture to be explored for value addition to produce that be exploited by using the new techniques. In the recent past agriculture through the production of dehydrated fruits, and vegetables has captured a good market and become a good source of foreign exchange earnings.

 

Processing and Storage Hurdles

Processing and storage present significant hurdles for the Vegetable Flakes & Granules market amid its growth driven by dietary trends. Delicate processing and storage needs pose challenges, including flavor loss due to high temperatures, discoloration from improper drying, and nutrient degradation from heat exposure. Maintaining hygiene standards is vital to prevent spoilage and contamination during processing. Properly controlled storage facilities are essential to prevent moisture absorption, clumping, and mold growth. Overcoming these challenges requires stringent quality control measures and investments in specialized processing and storage technologies.

Vegetable Flakes & Granules Market Segment Analysis

By Type, Tomato Flakes stand as the dominant leader in the vegetable flakes and granules market, commanding an impressive 22.36% market share. Their supremacy can be attributed to two pivotal factors such as, Tomato flakes offer unparalleled ease by eliminating the need for laborious chopping of fresh tomatoes, thereby saving significant time and effort in culinary endeavors. The convenience factor is particularly enticing for individuals leading busy lifestyles across diverse regions globally. tomato flakes emerge as a powerhouse of flavor. Through the drying process, the natural essence of tomatoes becomes concentrated, rendering tomato flakes remarkably potent.  Also, tomato-based condiments such as ketchup and salsa heavily rely on tomato flakes for their foundational flavor.

 

The consistent quality and intense flavor of tomato flakes ensure these condiments maintain their delicious appeal consistently. The increasing demand for these processed food items, particularly in fast-paced regions, directly translates to the dominant market position of tomato flakes. Serving as a key ingredient, they epitomize convenience and flavor, thereby driving the entire vegetable flakes and granules market to greater heights of success.

Vegetable Flakes & Granules Market Regional Analysis

Asia Pacific leads the Vegetable Flakes & Granules market, driven by rising disposable income, urbanization, and health consciousness. With an accounting the XX% global market share in 2023. The surge in demand for convenient and nutritious food options aligns with the region's evolving dietary preferences, driving the adoption of vegetable flakes & granules. The trend underscores Asia Pacific's essential role in shaping the global market landscape. In the Asia Pacific region, the cost of services associated with vegetable flakes & granules varies because of factors such as labor expenses, transportation costs, and local regulations. Production costs typically tend to be lower in this region compared to North America or Europe.

 

Manufacturers also gain good profit margins owing to the potential for lower production expenses and increasing demand. However, competition within the region can impact profit margins. Raw material costs, primarily vegetables, fluctuate based on factors such as weather conditions, seasonality, and the specific type of vegetable, potentially influencing overall production expenses. Some governments in the Asia Pacific region are supporting the growth of the food processing industry, indirectly benefiting the Vegetable Flakes & Granules market. Initiatives include promoting food safety standards to enhance product quality and consumer confidence, as well as investing in infrastructure for improved logistics and storage facilities. Potential leaders in the region include countries with large populations such as China and India, offering a vast consumer base. Additionally, countries with developed food processing sectors like China and Thailand likely have a stronger presence in the market.

 

Vegetable Flakes & Granules Market Competitive Landscape

New product launches play an essential role in stimulating innovation and encouraging market growth. Currently, companies are directing their efforts towards crafting organic and clean-label vegetable flakes and granules, responding to the increasing consumer preference for healthier and natural ingredients. Additionally, they are innovating vegetable flakes and granules with augmented flavors and functionalities, aligning with the dynamic requirements of food manufacturers. Also, the introduction of new vegetable varieties in flake and granule formats aims to diversify consumer choices. This strategic focus underscores the commitment of companies to adapt to evolving market trends and meet the growing demand for innovative food solutions.

 

In January 2021, Anuha Food Products recently introduced a new range of dehydrated onion flakes & garlic cloves. This strategic move was driven by the company's objective to expand its product portfolio of processed flakes.

Vegetable Flakes & Granules Market Scope
Market Size in 2023	USD 18.5 Bn.
Market Size in 2030	USD 27.45 Bn.
CAGR (2024-2030)	5.8%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
	By Type  Onion Tomato Potato Carrot Bell peppers and herbs Others
	By Application  Instant soups Pasta & noodles Baked items Ready to eat products Spices & seasoning mixes Others
	By End Use Food manufacturing industry Food service & retail
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Key Player in the Vegetable Flakes & Granules Market

1. ITC Limited
2. California Sun Dry Foods
3. Mercer Foods, LLC
4. Sensient Technologies
5. Bella Sun Luci
6. Van Drunen Farms
7. European Freeze Dry
8. BCFoods
9. Harmony House Foods, Inc.
10. Mevive International
11. California Sun Dry Foods
12. Sinospices
13. Zhaofengfoods
14. Kerry Group Plc
15. Tate & Lyle PLC
16. Ajinomoto Co., Inc