Vegetable Flakes & Granules Market Size, Growth, Trends, Report 2023-2032
The global vegetable flakes & granules market size was estimated at around USD 17.08 billion in 2022 and it is projected to hit around USD 28.98 billion by 2032, growing at a CAGR of 5.43% from 2023 to 2032. The vegetable flakes & granules market in the United States was accounted for USD 1.93 billion in 2022.
Key Pointers
Report Scope of the Vegetable Flakes & Granules Market
| Report Coverage | Details |
| Revenue Share of Asia Pacific in 2022 | 38% |
| CAGR of North America from 2023 to 2032 | 5.84% |
| Revenue Forecast by 2032 | USD 28.98 billion |
| Growth Rate from 2023 to 2032 | CAGR of 5.43% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Companies Covered | ITC Limited; California Sun Dry Foods; Mercer Foods, LLC; Sensient Technologies, Bella Sun Luci; Van Drunen Farms; European Freeze Dry; BCFoods; Harmony House Foods, Inc.; Mevive International |
The primary growth factors include growing demand for ready-to-eat meals and processed food, increased shelf-life of dried vegetable flakes, and changing dietary patterns influenced by hectic consumer lifestyles. However, the high cost of raw materials and processing is one of the market-limiting factors.
Vegetable flakes and granules can be used as an additive or to enhance the flavor of instant soups, dips & dressings, sauces, and convenience foods. Shifting consumer preferences have led to a growing demand for dehydrated vegetable counterparts such as flakes and granules. These are dried to enhance the shelf-life of the product and obtain long-term storage. These factors, coupled with the growing demand for processed food and ready-to-eat meals are projected to drive market growth.
The growth in technological advancements has led to innovation in dehydration technologies. The adoption of innovative dehydration technologies for vegetables is increasing owing to the growing demand for seasonal vegetables and to enhance the shelf life of vegetables. For instance, vegetable flakes and granules are produced using technologies such as air drying, vacuum drying, drum drying, infrared drying, freeze-drying, and spray drying. These technologies help preserve vegetables in dry form so that they can be stored and consumed for a longer time. There is a growing demand for dehydration technologies to produce vegetable flakes to retain the nutritional qualities, taste, and texture of vegetables for application in instant soups, ready to eat products, and snacks.
Type Insights
Based on type, the tomato segment dominated the global market, accounting for a revenue share of 23% in 2022 owing to the growing demand for tomato flakes in instant soups and sauces. The hectic lifestyle of consumers, especially in developing regions, has led to the demand for instant and convenience products. This is driving demand for tomato flakes.
Furthermore, tomatoes are highly perishable and have a 93% water content. This led to a demand for appropriate technologies to preserve and enhance them. Tomato flakes are processed and come with a longer shelf life. There is a growing demand for tomato flakes in fast food chains for the preparation of soups, dips, and sauces, fast food items, and pasta. Consumers are preferring a dried form of tomatoes, such as flakes and granules as its flavor gets more intense after it is dried. Fast food chains prefer dried tomato flakes for pasta sauces owing to its rich flavor. Additionally, tomato flakes are high in dietary fibers which will drive its preference in food products owing to its nutritional value. Therefore, tomatoes are also projected to record the fastest growth of 7.0% in revenue during the forecast period.
Onion flakes are projected to witness a significant revenue CAGR of 5.43% during the forecast period. The growing technological support from agricultural scientists to enable long-term storage of dried onion is likely to drive innovation in production technologies. In 2020, agricultural scientists at the Punjab Agricultural University (India) attempted with technology to prepare dehydrated onion flakes with a shelf-life of 12 months thereby preserving their natural and fresh-like flavor. This can be used by food manufacturers for the production of onion-based snacks and by food service outlets for curried preparations.
End-User Insights
Based on end-user, the food manufacturing industry dominated the market with more than 76% of the revenue share in 2022. The food manufacturing industry is projected to witness the fastest CAGR of 5.6% in terms of revenue growth during the forecast period. Food manufacturing industry is preferring the use of dried flakes to avoid the fluctuating raw material prices and to save the seasonal vegetables for a longer period to be used in a variety of different food products such as instant soups, snacks, processed food, ready mixes, and seasoning premixes.
The food service & retail industry is projected to expand at revenue CAGR of 4.9% during the forecast period. There is a growing preference for vegetable flakes among the fast-food chains and food service outlets owing to the increasing demand for shelf-stable products. Food service outlets are also using vegetable flakes such as herbs to enhance the taste and appearance of the food items. Food service outlets are also moving towards the adoption of vegetable flakes, such as onion flakes to restrict the kitchen work and time involved in preparation of the food product. With fluctuating raw material prices, food service outlets are stocking up on vegetable flakes for the preparation of vegetarian and non-vegetarian dishes.
Application Insights
Based on application, ready to eat products dominated the market with more than a 21% revenue share in 2022. The growing technological advancements in vegetable dehydration technologies have led to the use of a variety of vegetable flakes in ready mixes and processed meals. The growth in hectic lifestyles across geographies has led to consumers shifting to convenience food products such as ready mixes. This has led to a favorable impact on the demand for vegetable flakes for manufacturing ready to eat products.
Instant soups recorded the fastest CAGR of 6.22% in terms of revenue during the forecast period. The changing consumer lifestyle has led to an increasing demand for instant food products. This, coupled with rising disposable income across developing economies has led to a growing demand for instant soups. Dried tomato and mushroom flakes are gaining popularity in instant soup applications. The addition of different vegetable flakes in instant soups for a variety of flavors to appeal to a larger consumer base is likely to drive the demand for instant soups between 2023-2032.
Regional Insights
In terms of revenue, Asia Pacific dominated the market, accounting for a revenue share of 38% in 2022, owing to growing population which has led to a large consumer base and established food manufacturing industry. Additionally, the increasing demand for RTE food products and convenience snacks in the region has further fueled the growth of the market. The macroeconomic factors in the region such as increasing disposable income, shifting consumer lifestyles towards convenience, and rapid rate of urbanization has positively impacted the vegetable flakes & granules market in the region, especially in countries such as China and India. Furthermore, growing per capita income is likely to support the demand for vegetable flakes in retail outlets in the region. For instance, according to the OECD, the annual average growth rate of GDP per capita across Asia Pacific between 2015-2020 was 1.4%, which is comparatively higher than 0.9% between 2012-2017.
North America is expected to register a significant revenue CAGR of 5.84% from 2022 to 2032 owing to the technological advancements enabling efficient production of vegetable flakes in countries such as the U.S.
Vegetable Flakes & Granules Market Segmentations:
By Type
By Application
By End-User
By Regional
Cross-segment Market Size and Analysis for
Mentioned Segments
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Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers