Marketing & Advertising

Vegetable Extracts Market: Introduction

As per a recent study conducted by Transparency Market Research on vegetable extracts, it was found that the market is growing at a value CAGR of 6.7%, and is expected to reach US$ 60,945.3 Mn by 2031.

Vegetable extracts are widely used by food manufacturers in producing a variety of food products such as snacks & savory products, infant foods, soups, salads, and dressings and sauces. They also have a huge market in foodservice as well as the retail/household sectors.

The East Asian market accounts for the highest value share of the global vegetable extracts market at 29.4% in 2021. The East Asia market is currently valued at US$ 9,358 Mn and is set to reach a valuation of US$ 20,026.6 Mn by the end of forecast period.

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