You are currently viewing Global Paste Market to be Driven by Rising Demand for Pastes of Superfruits during the Forecast Period of 2022-2027

Global Paste Market to be Driven by Rising Demand for Pastes of Superfruits during the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Paste Market Size and Forecast 2022-2027’, gives an in-depth analysis of the paste market, assessing the market based on its segments like nature, types, end use, distribution channels and regional markets among others. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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Paste Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 3.1%

The market is expanding due to the rising demand for vegetable pastes in various food and beverage items. As the demand for food with holistic benefits rises, vegetable pastes are increasingly being used to boost the nutritional profile of packaged food and beverage items, fueling market growth. Furthermore, the rising need for foods that are high in antioxidants, minerals, and vitamins, among other nutrients, is driving up the usage of pastes, which is driving the market forward. The growing interest in superfoods has increased demand for vegetable pastes such as broccoli, carrot, and kale, among others, boosting the industry’s growth. Furthermore, the rising vegan population, particularly in developed nations, is spurring the creation of novel plant-based pastes. This is fueling the expansion of the paste sector by increasing demand for nut pastes for use in plant-based foods.

Paste Industry Definition and Major Segments

A paste is a thick, smooth food product produced by grinding and evaporating ingredients. It’s commonly utilized in meal preparation as well as the manufacturing of processed foods and beverages. A paste can also be used to thicken and flavor a variety of foods and beverages. Pastes are often used to improve the flavor and nutritional profile of baked goods and confectionery.

By nature, the market is bifurcated into:

• Organic
• Conventional

The major types of paste are:

• Fruits
• Vegetables

The fruits segment is divided into tropical and exotic, citrus, and berries, among others, whereas the vegetables segment is classified into tomato, garlic, onion, and peas, among others.

The market can be broadly categorized on the basis of its end uses into:

• Hotels, Restaurants, and Cafes
• Household
• Others

Based on distribution channels, the market is divided into:

• Hypermarkets and Supermarkets
• Convenience Stores
• Speciality Stores
• Online Stores
• Others

The major regional markets are:

• North America
• Asia Pacific
• Latin America
• Europe
• Middle East and Africa

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Paste Market Trends

The growing popularity of exotic fruits is driving up demand for fruit pastes such as blueberry, avocado, and acai, among others, which is propelling the market forward. As demand for on-the-go food and beverage items such as smoothies grows, so does the use of exotic superfruit pastes, boosting industry growth. Furthermore, the market is being driven by the increasing usage of novel citrus paste in food and beverage items to improve their flavor and health benefits.

Key Market Players

The major players in the market:

  • Del Monte Foods, Inc.
  • Olam Spices & Vegetables Inc.
  • Capital Foods Ltd.
  • Berrigarden GmbH
  • Chandni Paste and Dehydration Pvt. Ltd
  • Among others.

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customizes syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

 

Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.