The global Beetroot Powder market size reached a valuation of US$ 456.4 Million in 2022. The expanding nutritional value and wide ranges of applications are projected to be the market’s primary growth drivers. The overall sales of Beetroot Powder products are projected to grow at a robust CAGR of 5.7% between 2022 and 2032, totaling around US$ 716.6 Million by the end of 2032.
As per Future Market Insights, the global demand for Beetroot Powders is poised to expand at a healthy CAGR of 5.7% during the forecast period between 2022 and 2032, in comparison to the 3.9% CAGR registered from 2016 to 2021. Food industries are intensifying their consumption of beetroot powder since one tablespoon of beetroot powder contains the same nutrients as one beetroot. Its usage in the food industry as a flavoring agent and taste enhancer is becoming increasingly popular among young people as a consequence of increasing health concerns.
According to this report, the beetroot powder market has been experiencing significant growth; however, it is still at a growing stage compared to other products in the market. Growing popularity of beetroot juice is one of the significant reasons for the growth of the global beetroot market.
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Global Beetroot Powder Market: Growth Dynamics
In recent period, major population from all across the world is inclined toward the use of products manufactured using natural ingredients. Key reason for this shift is rising awareness about the harmful effect of chemical or synthetic ingredients in various products. As a result, there is remarkable growth in demand for beetroot powder from cosmetics and personal care products. This factor is working as a big positive for the growth of the global beetroot powder market.
Beetroot powder is gaining traction in food industry owing to a wide range of health benefits beetroot offers. It is rich in calcium, dietary fiber, potassium, antioxidants, manganese, iron, and other nutrients. Apart from this, beetroot powder is gaining popularity as a natural food coloring agent. Beetroot powder offers natural red color to food products without changing the taste of that food item. As a result, beetroot powder is increasingly used in diverse food products including cupcakes, red velvet cake, sauces, gravies, and soups. The aforementioned factors are suggestive of the inflow of increased revenues into the global beetroot powder market in the years to follow.
Global Beetroot Powder Market: Regional Assessment
The global beetroot powder market is spread across five key regions, namely, North America, Europe, Latin America, Asia Pacific, and Middle East and Africa. Of them, North America is one of the lucrative regions offering noteworthy demand avenues in the market for beetroot powder. In recent period, the region is witnessing upward graph of demand for natural food coloring agents from food and beverages market. This aside, increased awareness about the side effects of synthetic food colors is fueling the growth of the beetroot powder market in this region.
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Global Beetroot Powder Market: Key Players
The key players operating in the global beetroot powder market are as follows-
Windmill Organics Ltd., Lush Retail Limited, STADA Arzneimittel AG, Mountain Rose Herbs, Changsha Vigorous Tech Co., Ltd, Z Natural Foods, LLC, Indigo Herbs, MARUDHAR FOODS PRIVATE LIMITED, Ecuadorian Rainforest, LLC, and Organic Herb Inc.
Global Beetroot Powder Market: Drivers
- Growing preference of beet root powder by athletes
- Growing preference for organic beet root powder products
- Longer shelf life eases usage and transportation
- Versatility of applications of the beetroot powder
- Increasing demand for gluten free and vegan products
- Increasing demand for cosmetics made with natural ingredients
- Increasing demand for vibrancy in appearance of food products
- Increasing demand for ingredients with detoxification properties
- Increasing demand for ingredients with detoxification properties
By Type
- Organic
- Conventional
By End User
- Food & Beverages
- Bakery
- Confectionary
- Food Colorants
- Sweeteners
- Others
- Industrial
- Chemicals
- Nutraceuticals
- Pharmaceuticals
- Cosmetics
- Textiles
The report covers exhaustive analysis on:
- What is the size of beetroot powder market?
- Which are the leading companies in beetroot powder market?
- Which countries are contributing significantly to the growth of the beetroot powder market?
- At what level does the report reflect pricing analysis?
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