Global Beetroot Powder Market Highlights
In 2022, the Beetroot Powder Market Size achieved a valuation of USD 0.51 Billion. Forecasts indicate a notable expansion for the industry, with expectations to escalate from USD 0.54 Billion in 2023 to USD 0.79 Billion by 2032. This anticipated growth reflects a commendable compound annual growth rate (CAGR) of 5.00% over the forecast period from 2023 to 2032. The increasing consumer awareness regarding the health benefits associated with beetroot, including its high nutritional value and potential to reduce blood pressure, stands as a key driver propelling the demand for beetroot powder. These factors collectively contribute to the market’s upward trajectory and expansion.
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The beetroot powder market is undergoing a significant transformation driven by the consumers are increasingly interested in food products that provide health benefits. Beetroot powder is known for its potential health benefits, including heart health support, antioxidants, and improved exercise endurance. Clean-label products with transparent ingredient lists are becoming increasingly popular. Beetroot powder is a natural and minimally processed ingredient that is appealing for clean-label products. With concerns about synthetic food colouring, beetroot powder provides a natural and vibrant alternative for colouring a variety of food and beverage items. Consumer preferences for natural ingredients are driving this trend.
The global Beetroot Powder market outlook has been segmented based type, and end use.
On the basis of type, the market is segmented into organic, and conventional. The organic segment was attributed to holding the largest market share in 2022 due to the rising penetration of health benefits.
Based on end use, the global beetroot powder market has been segmented into Ingredient, and packed food. The ingredient segment was expected to hold the largest market share in 2022 due to the growing adoption of building blocks of food and beverage.
The global beetroot powder market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe beetroot powder market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Beetroot Powder market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World beetroot powder market comprises of Middle East, Africa, and Latin America.
North America leads the Beetroot Powder market due to its advanced consumers in North America are increasingly health-conscious and aware of the potential health benefits of beetroot. The United States, in particular, is a major contributor, with a highly competitive landscape featuring established players like NutraMarks Inc. (United States), Super Sprout LLC (United States), Yesraj Agro Exports Pvt. Ltd. (India). The region’s market is driven by the rise in plant-based and vegan diets, with companies seeking advanced collaboration tools to support flexible product. Manufacturers actively seek creative ways to incorporate beetroot powder into a wide range of products, from snacks and beverages to health supplements and plant-based alternatives. Additionally, government initiatives to modernize public sector communication further boost market growth.
Moreover, the Europe follows North America in the beetroot powder market, due to the prevalence of cardiovascular disease, Europe is expected to grow at a significant rate over the forecast period. According to the European Society of Cardiology, cardiovascular diseases (CVD) remain the leading cause of morbidity and mortality in Europe. However, statistics show that CVD mortality is now declining in almost all European countries, including those in Central and Eastern Europe, which experienced significant increases up until the turn of the century.
Additionally, the region’s expanding economy, a large workforce, and increasing digitalization efforts are key drivers. China, Japan, and India are expected to lead the modern Asia Pacific powder market, which is expected to grow significantly by 2025. Increased consumer awareness of a healthy lifestyle, as well as increased sports activity to improve sports performance, are important factors in product regional growth. Because betaine plant chemicals improve cardiovascular function, beetroot powder is used to prevent liver and kidney disease. It also raises nitric oxide levels in the human body, has an effect on blood vessels, lowers blood pressure, improves athletic performance, and promotes local product demand.
Furthermore, the rest of the world’s Beetroot Powder market is divided into the Middle East, Africa, and Latin America. Some countries in the Middle East are rapidly adopting advanced collaboration solutions, others are still in the early stages of adoption. Latin American countries such as Brazil and Mexico are also witnessing growing interest in collaboration tools to support remote and hybrid work models. Government initiatives and investments in digital infrastructure contribute to market growth.
Key Findings of the Study
The global beetroot powder market is expected to reach USD 0.79 billion by 2032, at a CAGR of 5.00% during the forecast period.
The North America region accounted for the fastest-growing global market due to the rising penetration of organic food product, and expansion of market players in North America region which support the North America region growth during the forecast period.
Based on end use, the ingredient segment was attributed to holding the largest market in 2022.
NutraMarks Inc.(United States), Super Sprout LLC (United States), Yesraj Agro Exports Pvt. Ltd. (India), Bioglan (Australia), Ecuadorian Rainforest LLC. (USA)
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