Consumer demand for transparency and natural ingredients promotes sales of minimally processed vegetable sheets States Fact. MR
Consumer demand for transparency and natural ingredients promotes sales of minimally processed vegetable sheets States Fact. MR
According to Fact.MR, a market research and competitive intelligence provider, the global Vegetable Sheets Market is estimated to reach a valuation of US$ 186.5 million in 2034. It is expected to grow at a CAGR of 5.4% during the forecast period of 2024 to 2034.
The market for vegetable sheets, a recent phenomenon promoted by a growing segment of consumers looking for healthier and plant-based options, is booming. As the name suggests, vegetable sheets are nothing but thin membranes of vegetables such as carrots, spinach, soy, etc. that can be used for a very healthy and wide range of cooking purposes. These sheets can be used instead of conventional wraps and pastes, even with seaweed-based raw materials, which is in keeping with the worldwide trend towards accepting safe and organic food products with minimal processing. The major market forces include a growing proclivity towards healthier diets, the global trend of indulging in veganism and vegetarianism and the increasing urge to availability of ready-to-eat processed foods.
The innovation techniques of the food services equipment, especially the extrusion and drying processes have been influential in the enhancement of vegetable sheets in terms of quality and uniformity. The E-commerce mode of business has also been essential in market development by providing various kinds of vegetable sheet products to consumers with minimum effort. Consequently, the vegetable sheets market is anticipated to thrive as the rate of competition among manufacturers tends to lead to innovations aimed at fulfilling consumer needs.
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Leading Players Driving Innovation in the Vegetable Sheets Market:
The Key Players in the Infant Vegetable Sheets Industry include Isle Co. (Vegheet); Nagase & Co.; NewGem Foods; Yamamotoyama; Mon Ingredients; Good Good Mart; Earthbound LLC; Genuport Trade AG; GAEA Products SA; Terrasana; Fruits de Ponent; Clearspring Ltd.; Naogen Shoyu Co.; Hakubaku Co.; Urban Platter; Other Prominent Players.
Vegetable Sheets Market News & Trends:
Nisshin OilliO Group, Ltd.: In January 2024, Nisshin OilliO unveiled adaptable vegetable wrappers for culinary uses, demonstrating their dedication to food industry innovation. The new products increase their market presence by meeting the growing demand for plant-based cooking substitutes.
Holding Co., Ltd. Mizkan: Mizkan Holdings is dealing with historically high pricing rises in November 2023 as a result of growing labor and raw material costs associated with manufacturing. Their veggie sheet products have also been affected by this circumstance. While negotiating the difficulties presented by inflation and supply chain interruptions, the business is modifying its pricing approach to stay competitive. Their proactive strategy is to maintain market share in the face of shifting prices in the vegetable sheet industry.
By March 2023, Ajinomoto Co., Inc. will have introduced a new range of flavored vegetable sheets that add umami qualities to meals. Their plan to capitalize on culinary know-how and satisfy gourmet food trends includes this product innovation. By focusing on health-conscious customers seeking out distinctive flavors, Ajinomoto hopes to improve its standing in the cutthroat market for vegetable sheets.
The recently released study from Fact.MR includes comprehensive data on the pricing points of major vegetable sheet producers located across geographies, sales growth, production capacity, and speculative technological advancement.
Key Takeaways from the Vegetable Sheets Market Study:
The global vegetable sheets market is projected to grow at 5.5% CAGR and reach US$ 186.5 million by 2034.The market created an opportunity of US$ 76.9 million between 2024 to 2034
North America is a prominent region that is estimated to hold a market share of 24.3% in 2034.Predominating market players include Yamamotoyama Co., Ltd., Mizkan Holdings Co., Ltd. & Ajinomoto Co., Inc.
Soy-based vegetable sheets by product type are estimated to grow at a CAGR of 5.5% creating an absolute $ opportunity of US$ 13.6 million between 2024 and 2034.Dry vegetable sheets peptide under by form is expected to reach around US$ 50.2 million by 2024
“Popularity of gluten-free diets boosts vegetable sheets as alternatives,”says a Fact.MR analyst.
Development by Market Players in the Vegetable Sheets Market:
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global bio-active peptide market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights based on Form (Dry Vegetable Sheets, Moist Vegetable Sheets, Frozen Vegetable Sheets), Product Type (Soy-Based Vegetable Sheets, Seaweed-Based Vegetable Sheets, Mixed Vegetable Sheets, Other Plant-Based Sheets), Application (Food Wrapping and Packaging, Culinary and Restaurant Use, Retail Consumption (Ready-to-Eat), Snacks and Confectionery) Ingredient Source (Organic Vegetable Sheets, Conventional Vegetable Sheets) & Packaging Type (Bulk Packaging, Retail Packaging, Eco-Friendly Packaging)across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, Middle East & Africa).
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CAGR stands for Compound Annual Growth Rate. It is a useful measure to understand the mean annual growth rate of an investment over a specified time period, assuming the investment grows at a steady rate.
Minimally processed foods are foods that are altered as little as possible from their original form. They often retain most of their natural nutrients and are typically free from artificial additives.
Plant-based options refer to foods that primarily come from plants. This includes fruits, vegetables, grains, nuts, seeds, and legumes, and excludes animal products.
E-commerce refers to buying and selling goods or services using the internet. It includes online shopping, electronic payments, and online auctions.
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