The air dried vegetables market has seen significant growth in recent years due to the rising demand for organic, natural and healthy food products. Air dried vegetables offer various advantages over canned versions such as lower sodium content, no preservatives and retention of most nutrients. Products such as air dried tomatoes, onions, chili peppers and fruits are gaining popularity among health conscious consumers. Air drying is a traditional method that uses low temperature and air circulation to slowly remove moisture from foods, without using any chemicals.
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 market 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 Foods, Spices, Agarwal Foods, and Sandha Overseas.
The growing Air Dried Vegetables Market Demand for healthy and convenient food products is driving the market growth. The increasing popularity of various cuisines globally has also contributed to the demand for air dried vegetables.
The market is witnessing high growth in various regions due to increasing awareness about the health benefits of air dried vegetables such as vitamin and nutrient retention compared to canned versions. Major players are expanding their production facilities globally to tap the potential offered in different markets.
Market Key Trends
The rise of organic and natural foods has created opportunities for air dried vegetables as a healthy snack and ingredient option. More consumers are preferring minimally processed foods with no additives or preservatives. Air drying naturally preserves foods without using any chemicals and minimizes the loss of nutrients compared to other drying methods. The increasing health consciousness is a major trend boosting the demand for air dried vegetables globally. E-commerce is also facilitating the availability of niche products like air dried vegetables to wider markets. The introduction of innovative flavors and packaging is another key trend seen in the market.
Porter's Analysis
Threat of new entrants: The air dried vegetables market requires significant technical expertise and capital investments. This poses moderate threat of new entrants.
Bargaining power of buyers: The air dried vegetables market has several established buyers who source products in bulk. However, availability of substitutes provides moderate bargaining power to buyers.
Bargaining power of suppliers: The market is largely fragmented with numerous small and medium suppliers. This gives them low bargaining power against large buyers.
Threat of new substitutes: There exists threat from substitutes like canned, frozen and fresh vegetables.
Competitive rivalry: The Air Dried Vegetables Market Challenges And Opportunities has presence of several international and domestic players leading to high competitive rivalry.
Geographical Regions
North America accounts for the largest share of the global a ir dried vegetables market in terms of value. Countries like the US and Canada have witnessed significant demand for air dried vegetables. The region has presence of several packaged food manufacturers that use air dried vegetables as ingredients.
Asia Pacific region is expected to be the fastest growing market during the forecast period. Countries such as India, China, Japan and others in South East Asia are witnessing rising incomes and increased health awareness. This is escalating the demand for convenient ready-to-eat foods with air dried vegetables. Changing lifestyles coupled with expanding working population is further driving the market growth in Asia Pacific.
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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)