Global Beetroot Powder Market Insights Forecasts to 2033

• The Global Beetroot Powder Market Size was Valued at USD 475.75 Million in 2023
• The Market Size is Growing at a CAGR of 4.66% from 2023 to 2033
• The Worldwide Beetroot Powder Market Size is Expected to Reach USD 750.26 Million by 2033
• Asia Pacific is Expected to Grow at the fastest CAGR during the forecast period.

 

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The Global Beetroot Powder Market Size is Anticipated to Exceed USD 750.26 Million by 2033, Growing at a CAGR of 4.66% from 2023 to 2033.

 

Market Overview

The beetroot powder is obtained by grinding and milling dried beetroot. It is also known as red beet, golden beet, or garden beer. Beetroot powder is a good source of vitamins and minerals such as Vitamin C and Vitamin A, and it is also a good source of Potassium, Iron, and Magnesium. Biologically, beetroot powder offers various benefits, such as supporting and boosting the immune system, improving skin health, and helping to maintain strong bones. It is also consumed to maintain and maintain blood pressure, better liver functioning, and weight loss. The market expansion of beet root powder has been further propelled by its adaptability in culinary applications. Smoothies, juices, soups, sauces, and baked goods can all benefit from this easy addition that boosts nutritional value without drastically altering flavor. Because of its vibrant color and natural sweetness, beet root powder is a popular ingredient among chefs and bakers who value health. The market for beetroot powder is anticipated to grow significantly during the forecast period as a result of growing interest in healthy living, rising demand for organic food, and ethical and environmental concerns.

 

Report Coverage

This research report categorizes the beetroot powder market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the beetroot powder market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the beetroot powder market.

 

Driving Factors

Beetroot juice is one of the diet's richest sources of nitrates, which improve heart health and blood flow. Because beet extract contains nitrates, people with heart failure may experience increased blood flow and increased capacity for exercise. Therefore, during the projected period, the rising incidence of cardiovascular disease worldwide is anticipated to propel the expansion of the beetroot powder market. Beetroot powder's higher antioxidant content has led to its increased use in cosmetics, which is driving the beetroot powder market worldwide. The beetroot powder market is moderately fragmented worldwide.

 

Restraining Factors

The market's ability to expand may be hampered by beetroot's growing production costs. Due to their high cost, products containing some beetroot powder may be difficult for people in developing and underdeveloped nations to use, which could limit the market's growth over the course of the prediction timeframe.

 

Market Segmentation

The beetroot powder market share is classified into product type, packaging, application, and end-use.

• The conventional beetroot powder segment is estimated to hold the largest market share through the projected period.

Based on the product type, the global beetroot powder market is classified into organic beetroot powder and conventional beetroot powder. Among these, the conventional beetroot powder segment is estimated to hold the largest share through the projected period. Conventional beetroot powder is a more economical alternative to artificial food colorants, and also it is widely accessible and reasonably priced.

 

• The bottle segment is estimated to hold the largest market share through the projected period.

Based on the packaging, the global beetroot powder market is classified into cans, bottle, and bags. Among these, the bottle segment is estimated to hold the largest share through the projected period. The strength and durability of the bottles help to maintain the powder's quality. Consumers are more likely to trust a product when they can see the product's color, texture, and branding on bottles. The sealed environment of a bottle may also prolong the shelf life of beetroot powder.

 

The pharmaceuticals segment is estimated to hold the largest market share through the projected period.

Based on the application, the global beetroot powder market is classified into food & beverage, pharmaceuticals, and cosmetics. Among these, the pharmaceuticals segment is estimated to hold the largest share through the projected period. Beetroot powder is being used more often in the creation of various organic medications as a result of growing research and development on its health benefits.

 

• The ingredient segment is estimated to hold the largest share through the projected period.

Based on the end use, the global beetroot powder market is classified into ingredient and packed food. Among these, the ingredient segment is estimated to hold the largest market revenue share through the projected period. The ingredient segment is expanding as a result of the growing usage of beetroot powder in a range of food and beverage products.

 

Regional Segment Analysis of the Beetroot Powder Market

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the beetroot powder market over the predicted timeframe.

 

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North America is anticipated to hold the largest share of the beetroot powder market over the predicted timeframe. Growing consumer preference for organic food is fueling demand in this area, which boosts sales globally. Freshly picked beets are dried and ground into powder by grinding the fruit. The growing awareness of organic food and consumers' willingness to pay a little bit more for organic products than conventional food has led farmers to produce fruits without the use of chemicals.

 

Asia Pacific is expected to grow at the fastest CAGR growth of the beetroot powder market during the forecast period. Beetroot powder and other premium, health-conscious food products are more affordable for the region's consumers. Furthermore, the Asia-Pacific region's two biggest markets for beetroot powder were China and India, respectively. China had the biggest market share.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the beetroot powder market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• 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
• Venus
• GRP Agri Products Pvt.Ltd.
• Medikonda Nutrients
• Divine Delicacy
• Garon Dehydrates Private Ltd.
• Drytech
• Farmvilla Food Industries Private.Limited
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In February 2023, Nature’s Way introduced Beet Powder, which supports antioxidant pathways and free radical scavenging activity.

 

• In May 2022, UpBiet, a product from the UK- based Sibelius Natural Products, targets fatigue, cerebral blood flow, and stamina using a clinically validated source of beetroot juice crystals. Numerous forms, including drinks, powders, gels, jellies, and shot pots, are compatible with UpBiet.

 

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