Beetroot Powder Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Beetroot Powder Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : November, 2021 | Food and Beverages

Report Digest


 

The demand within the global market for beetroot powder has been rising alongside advancements in the cuisine-preparation domain within the food sector. The use of beetroot powder in a range of recipes and preparations has created tremendous demand within the global market. The taproot of a beet plant is known as beetroot, and is also known as garden beet, red beet, and table beet. The abundant availability of beetroot across a number of regional pockets has led to its popularity across the globe. Furthermore, a tremendous volume of beetroot cultivators have emerged in recent times. This factor is also expected to bring in voluminous revenues in the global beetroot powder market.

The health benefits served by consumption of beetroot are behind the growth of the global market for beetroot powder. When beetroot is converted into beetroot powder, the nutritional value of the original beetroot is retained in the powder. Hence, beetroot is replaced with beetroot powder in traditional cooking recipes. This factor has played a major role in the growth of the global beetroot powder market. Moreover, presence essential minerals, nutrients, antioxidants, and dietary fibers in beetroot powder has also played a crucial role in market growth.

The market for beetroot powder in North America has been rising at a stellar pace in recent times. The origin of beetroot can be traced back to the North American region, and this factor has contributed to regional market growth. Moreover, knowledge of its nutritional value amongst the masses has also led to the popularity of beetroot powder in North America.

Global Beetroot Powder Market: Overview

This report on the global beetroot powder market is a comprehensive market intelligence study that brings forth the lucrativeness of the said market. Beginning with an executive summary that comprise a snapshot of how the demand for Beetroot powder has evolved over the recent past and where is it headed to in the future, the report delves into the analysis of various market dynamics, such as opportunities, trends, challenges, and drivers. A detailed overview of the said market with the analysis of porter’s five forces has been provided in a bid to present a concise and clear landscape of the market vendors to the readers. The market intelligence study also points at mergers, important conglomerates, numerous research and development activities, acquisitions, and corroborations. The said publication allows market stakeholders to study the market in detail and carefully and take well-informed decisions so as to optimize profit and minimize cost.

The world market for beetroot powder is expected to grow at a robust CAGR and is anticipated to attain a significant market valuation by the end of the period of forecast.

Global Beetroot Powder Market: Trends and Opportunities

Beetroot is also comes with names such as garden beet, table beet, red beet, and golden beet. Beetroot is utilized as a sweetening agent as it comes with more sugar than any other vegetables. When dried beetroot is milled or grinded, beetroot powder is obtained. The beetroot powder makes an offering of flavor and color to many food products. The beetroot powder is comprised of betaine phytochemical which is very helpful for the proper functioning of the system of cardiovascular and also assists in the processing of amino acids by kidney and the liver.

There has been a rising demand for the beetroot powder in the segment of food and beverage. It is widely believed that one tablespoon of beetroot powder is equal to one beetroot when it comes to nutrition. In the food industry, the beetroot powder is also used as a taste enhancer, flavoring agent, and to add colors to various food products. Consumption of beetroot powder is increasing amongst the younger population due to the health benefits that beetroot powder offers. There is an augmented use of the beetroot powder in various fast foods such as pizzas and burgers for the purpose of enhancing the flavor and adding to the nutritional value, thereby bolstering its demand. The beetroot powder is also being used in the cosmetic industry due to its higher antioxidant content thereby propelling the demand of beetroot powder.                   

Global Beetroot Powder Market: Market Potential

The market vendors have been forecasted to obtain new opportunities as there has been an increased emphasis on spending more on the work of research and development by many of the beetroot powder manufacturing companies thereby triggering further growth of the said market. In addition to that, many of the market participants are anticipated to make a foray into the emerging economies that are yet to be explored so as to find new opportunities.

Global Beetroot powder Market: Regional Analysis

The geographical segmentation of the global beetroot powder market is diversified into Western Europe, Eastern Europe, Latin America, North America, the Middle East and Africa, and Asia Pacific.  The major beetroot producing regions are United States, Russia, Germany, France, and Ukraine. Due to the cold climatic conditions, the cultivation of beetroot becomes favorable. Australia is one of the major consumers of the beetroot powder. This is owing to its increasing consumption in various food products such as burgers and soups.

Global Beetroot powder Market: Competitive Landscape

A few leading players that are operating in the world market for beetroot powder market comprise eminent names such as Botanical Ingredients Ltd., Yesraj Agro Exports, Super Sprout LLC & Juices International Pty Ltd., Go Superfood, Bioglan, Radiance Ltd., Nature's Way Products, Natures Aid Ltd., and others.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?