Demand for sugar beetroot juice extract is projected to reach US$ 5.09 billion in 2022 and expand at a CAGR of 5.6% to US$ 8.8 billion from 2022 to 2032. The increase in the prevalence of lifestyle disorders like diabetes, high blood pressure, obesity, and other cardiovascular diseases are blamed for the growth.
As per comprehensive research conducted by ESOMAR-certified consulting firm FMI, the global Sugar Beet Juice Extract market size is expected to register swift growth during the forecast year 2022-2032. The report emphasizes on providing key insights into diverse features including demand, product developments, revenue generation, and sales in the Sugar Beet Juice Extract market.
The study offers a detailed analysis of market dynamics including drivers, restraints, opportunities, and challenges, and also highlights their impact on the market in more than 20 countries across 7 regions. The report provides vital insights into the market and assists key players to identify potential segments.
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Emergence of Grab-and-Go Trend to Open New Growth Avenues for the Sugar Beet Juice Extract Market
Growing grab-and-go trend is making deeper inroads across the food and beverages industry, owing to the increasing busy lifestyle of the population worldwide. In addition, increasing single living and growing number of working women across the U.S., Japan, Germany, China, and India are creating tailwinds for the trend, which is in turn, propelling the demand for Sugar Beet Juice Extract.
Citing this trend, numerous industry players are emphasizing on providing portable dining options to the customers by offering premade and packaged ready-to-eat foods, snacks, and beverages as an alternative to conventional dining.
They are also focusing on providing easy-to-carry and attractive packaging solutions for ready-to-eat foods to enhance convenience. This is expected to create lucrative opportunities for the growth in the Sugar Beet Juice Extract market.
Key Sugar Beet Juice Extract Market Takeaways and Projections
- The U.S. is estimated account for the maximum share in North America market through 2032, owing to the increasing working population in the country.
- Germany Sugar Beet Juice Extract market is projected to register rapid growth, accounting for a significant share in Europe between 2022 and 2032.
- China is forecast to dominate the East Asia market, projecting the fastest growth in the region for the assessment period.
- India is expected to emerge as a highly attractive market in South Asia, accounting for the largest sales during the coming decade.
- Based on segment anticipated to contribute maximum sales in the market, expanding at a robust CAGR over the forecast period.
Report Benefits & Key Questions Answered
- Sugar Beet Juice Extract market Consumption by Demographics: The market intelligence study provides insights into the change in consumer behavior and purchasing patterns of the customers. It also highlights the impact of these changes on the sales of Sugar Beet Juice Extract across local, country, and regional markets. It uncovers key factors increasing the consumption of Sugar Beet Juice Extract through 2032.
- Sugar Beet Juice Extract market Historical Analysis: FMI’s recent study analyzes key market dynamics and their impact on the Sugar Beet Juice Extract market across 7 regions for the last forecast year from 2016 to 2021. It tracks the forthcomings and shortcomings of the market over the past half-decade and forecasts the scope of the Sugar Beet Juice Extract market for the assessment period 2022-2032.
- Sugar Beet Juice Extract market Manufacturing Trend Study: The latest study on the Sugar Beet Juice Extract market offers detailed insights into vital trends creating growth prospects for the food & beverage industry players. It also uncovers key strategies adopted by leading manufactures to capitalize on the existing opportunities.
Competitive Landscape Analysis
Future Market Insight’s latest study provides in-depth insights into the global Sugar Beet Juice Extract market to assist management level decision-makers in construct a strategy to capitalize on the upcoming trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Sugar Beet Juice Extract market.
Some of the prominent market players are profiled by FMI are NutriScience Innovations LLC., BMA BraunschweigischeMaschinenbauanstalt AG, Nordzucker AG, Amalgamated Sugar Company, Crop Energies AG, Siemens AG, and Agrana Zucker GmbH are some of the key players in the global market of the sugar beet juice extract.
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Sugar Beet Juice Extract Market: Demand Analysis by Segmentation
On the basis of nature, Sugar beet juice extract market is segmented as:
- Organic
- Conventional
On the basis of end use, Sugar beet juice extract market is segmented as:
- Food & beverages
- Baked goods
- Sugar industry
- Condiments
- Confectionery
- Dairy
- Animal feed
- Cosmetics & Personal care
- Dietary supplements
- Sports nutrition
- Biofuel
On the basis of the distribution channel, Sugar beet juice extract market is segmented as:
- Direct
- Indirect
- Online stores
- Specialty stores
Region
- North America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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