Beetroot Powder Market Future Trends and Scope Analysis Report

PRESS RELEASE

Published October 2, 2023

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Beetroot Powder Market Size, Share & Trends Analysis Report Type (Conventional And Organic), Distribution Channel (Online Sale, Retail Shops, Departmental Stores And Supermarket/Hypermarkets), Application (Curries & Gravies, Food Color, Soups And Coatings) And End-Use Industry (Food And Beverage)- Market Outlook And Industry Analysis 2031″.

The Global Beetroot Powder Market Size is valued at 461.76 million in 2022 and is predicted to reach 830.30 million by the year 2031 at an 6.98% CAGR during the forecast period for 2023-2031.

The global beetroot powder market is estimated to reach over USD 830.30 million by 2031, exhibiting a CAGR of 6.98% during the forecast period.

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Beet powder is a new antioxidant that is becoming more and more well-liked among health-conscious consumers. It is used to flavor and color a variety of foods. These days, beet powder can make a great complement to the human diet. Beet powder contains betaine phytochemicals, which support the heart’s healthy operation and aid the kidneys and liver in processing amino acids.

Chlorine, iodine, iron, magnesium, calcium, potassium, phosphorus, copper, salt, riboflavin, thiamine, vitamins, fiber, and other nutrients that might increase blood oxygen levels are also abundant in beet powder. Due to the wide spectrum of health advantages of beetroot, beetroot powder is becoming more popular in the culinary business. It has a lot of minerals like calcium, dietary fiber, potassium, antioxidants, manganese, iron, and others.

Additionally, beetroot powder is becoming increasingly popular as a natural coloring ingredient because it gives food goods a natural red color without altering the taste of that food item. As a result, it is mostly used in a variety of food products, such as red velvet cakes, sauces, gravies, and soups, as well as cupcakes. The elements above help the market flourish.

List of Prominent Players in the Beetroot Powder Market:

Market Dynamics:

Drivers-

Following the COVID-19 epidemic, a number of people have changed their lifestyle choices and adopted more healthful habits. The popularity of beetroot powder among health-conscious people has grown as a result of its health advantages. Along with vitamins and minerals, beet powder also contains nitrates. Nitrates are a naturally occurring compound found in beets and many other crops. Nitrate from food helps the blood flow normally. Studies suggest that beetroot powder may help people maintain lower blood sugar levels after meals. Beetroot powder can help obese people become more insulin sensitive and control their blood sugar levels. These results may be promising for those with diabetes or other blood sugar-related issues, but additional research is necessary.

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Challenges:

The market’s expansion may be hampered by the rising cost of beetroot and its production. Due to their high pricing, consumers in developing and undeveloped nations may find it challenging to use goods containing some beetroot powder, limiting the market’s growth over the projection period.

Regional Trends:

North America beetroot powder market is expected to register a major market share in revenue and is projected to grow at a high CAGR shortly. The beet powder business in North America, which unavoidably leads the region, is anticipated to grow significantly throughout the projection period in Canada, Mexico, and the United States. Increased interest in synthetic colors and demand for natural food colors in the food & beverage industry may speed up product expansion. In order to increase domestic sales, beet powder is widely utilized as a natural food coloring in a variety of meals, including curries, smoothies, gravy, ketchup, pancakes, and red velvet cakes. Besides, the Asia Pacific region had a substantial share of the market. Key factors in regional product growth include raising consumer perceptions of a healthy lifestyle and increasing sports participation to enhance sports performance. The rapid urbanization & increase in disposable income in the Asia Pacific are key market factors for the region. Fast food is in more demand as a result, which stimulates the market’s expansion. More people are choosing beetroot powder due to its excellent nutritional content. Because of its antioxidant capabilities in this area, its use in the cosmetic sector has increased recently.

Recent Developments:

Segmentation of Beetroot Powder Market-

By Type

By Distribution Channel

Online Sale
Retail Shops
Departmental Store
Supermarket/Hypermarket

By Application

Curries & Gravies
Food Color
Soups
Coatings

By End-use Industry

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By Region-

North America-

Europe-

Germany
The UK
France
Italy
Spain
Rest of Europe

Asia-Pacific-

China
Japan
India
South Korea
South East Asia
Rest of Asia Pacific

Latin America-

Brazil
Argentina
Rest of Latin America

Middle East & Africa-

GCC Countries
South Africa
Rest of Middle East and Africa

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.

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