Global Beetroot Powder Market Size To Worth USD 750.26 Million By 2033 | CAGR of 4.66%
Category: Food & BeveragesGlobal Beetroot Powder Market Size To Worth USD 750.26 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Beetroot Powder Market Size is Expected to Grow from USD 475.75 Million in 2023 to USD 750.26 Million by 2033, at a CAGR of 4.66% during the forecast period 2023-2033.
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Browse key industry insights spread across 214 pages with 110 Market data tables and figures & charts from the report on the "Global Beetroot Powder Market Size, Share & Trends Analysis, By Product Type (Organic Beetroot Powder, Conventional Beetroot Powder), By Packaging (Cans, Bottle, Bags), By Application (Food & Beverage, Pharmaceuticals, Cosmetics), By End Use (Ingredient, Packed Food, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/beetroot-powder-market
The market for powdered beetroot, which is used as a natural food coloring and flavoring, is known as the beetroot powder market. It goes by the names red beet, golden beet, and garden beet as well. Recent years have seen a notable increase in demand for ready-to-use functional foods, which has pushed manufacturers to develop new, health-promoting products that are rich in nutrients. This not only aids in weight loss but also avoids or postpones the onset of numerous diseases such as diabetes, heart disease, and various cancers that are caused by poor nutrition. As per NIH Government Article, to increase the antioxidant qualities and dietary fiber content of the biscuits, varying amounts of beetroot powder were added. Two batches of biscuit sample were made at 150 and 170 degrees Celsius, using beetroot powder in place of up to 50% of the spelled flour in the recipe. Consequently, beetroot powder made up 15%, 20%, and 25% of the entire banking mixture. The use of beetroot powder as an ingredient has therefore benefited both the producers and the consumers by drawing attention to the food product and providing an additional component to the healthy lifestyle, thus increasing market growth. However, the drawbacks of beetroot powder are typically mild and temporary. Beetroot juice excess can also cause blood nitrate levels to rise above the recommended level. N-nitroso compounds (NOCs) are chemicals that have adverse effects, including the potential to cause cancer. All in all, the detrimental effects that excessive consumption has on the body can impede the market's expansion.
The conventional beetroot powder segment is predicted to hold the greatest share through the forecast period.
Based on the product type, the global beetroot powder market is categorized into organic beetroot powder and conventional beetroot powder. Among these, the conventional beetroot powder segment is predicted to hold the greatest market share through the forecast period. The products affordability and broad availability are driving the market. Because it is produced using conventional agricultural methods, a wider range of consumers can afford and obtain it.
The bottle segment is predicted to hold the greatest share through the forecast period.
Based on the packaging, the global beetroot powder market is categorized into cans, bottle, bags. Among these, the bottle segment is predicted to hold the greatest market share through the forecast period. The bottles are durable and strong, the powder's quality is maintained. Customers can see the product's color, texture, and branding on bottles, which contributes to increased trust. Beetroot powder's shelf life may also be increased by the sealed environment of a bottle.
The pharmaceuticals segment is predicted to hold the highest share through the forecast period.
Based on the application, the global beetroot powder market is categorized into food & beverage, pharmaceuticals, and cosmetics. Among these, the pharmaceuticals segment is predicted to hold the greatest market share through the forecast period. Beetroot powder is becoming more and more used in the creation of different organic medications as a result of growing research and development on its health benefits.
The ingredient segment is predicted to hold the greatest market share through the forecast period.
Based on the end use, the global beetroot powder market is categorized into ingredient and packed food. Among these, the ingredient segment is predicted to hold the greatest market share through the forecast period. The rising demand for products that are health-conscious, functional ingredients, and natural food colorants, increasing use of beetroot powder in a variety of food and beverage products is driving the ingredient segment's growth.
North America is estimated to hold the most extensive share of the beetroot powder market over the forecast period.
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North America is estimated to hold the largest share of the beetroot powder market over the forecast period. Global sales are boosted by the growing demand in this sector, which is driven by consumers' growing preference for organic food. Beets are harvested fresh, dried, and the fruit is ground into a powder. Farmers are now producing fruits that are chemical-free due to consumer demand and increased knowledge of the advantages of eating organic food.
Asia Pacific is predicted to have the highest CAGR growth in the beetroot powder market over the forecast period. The demand for organic products and the increase in organic food producers in the Asia Pacific region are expected to fuel the beetroot market's growth in the coming years. For example, the Research Institute of Organic Agriculture FiBL reports that India remains the country with the largest number of organic food producers, at 835200. Moreover, some sources claim that beetroot powder can help sickle cell patients by increasing hemoglobin, which is crucial. The use of beetroot powder in various natural medicines is expected to rise during the forecast period due to the high number of sickle cell and other hemoglobin-deficient patients in India.
Major key players in the beetroot powder market include Nature's Way Products LLC, Super Sprout LLC & Juices International Pty Ltd., NutraMarks Inc., Radiance Ltd., Go Superfood, Natures Aid Ltd., Botanical Ingredients Ltd, Bioglan, UpBiet, Terrasoul Superfoods, Yesraj Agro Exports Pvt. Ltd, Garon Dehydrates Private Ltd., Drytech, Venus, Divine Delicacy, Medikonda Nutrients, Farmvilla Food Industries Private Limited, GRP Agri Products Pvt. Ltd.
Recent Developments
- In May 2023, POSSIBLE introduces Strawberry Beet Pre-Workout Powder to its portfolio to transform the fitness industry. This Product fosters mental attention and energy levels. The packaging of the product is convenient, with single serving stick packs.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the beetroot powder market based on the below-mentioned segments:
Global Beetroot Powder Market, By Product
- Organic Beetroot Powder
- Conventional Beetroot Powder
Global Beetroot Powder Market, By Packaging
- Cans
- Bottle
- Bags
Global Beetroot Powder Market, By Application
- Food & Beverage
- Pharmaceuticals
- Cosmetics
Global Beetroot Powder Market, By End Use
- Ingredient
- Packed Food
- Others
Global Beetroot Powder Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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