Beetroot Powder Market

Global Beetroot Powder Market, By Type (Conventional and Organic), By Packaging Type (Cans, Bottle, and Bags), By Application (Curries and Gravies, Food Color, Soups, and Coatings), By Distribution Channel (Online Sale, Retail Shops, Departmental Store and, Supermarket/Hypermarket), By End-use Industry (Food Industry and Beverage Industry), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis, and Forecast till 2029

PMI361219 | Food Ingredients

Oct 2019 | 178 | PDF

Beetroot powder is obtained by grinding and milling of dried beetroot. It is also known as red beet, golden beet or garden beer. Beetroot powder is rich sources of vitamins and minerals such as vitamin C, vitamin A coupled with a good source of iron, potassium, and magnesium. Beetroot powder offers several benefits such as it supports and boosts immune system, improves skin health, and helps to maintain strong bones. It is also consumed to maintain blood pressure, better liver functioning and weight loss.

Increasing demand for beetroot powder in food and beverage industries is the major factor driving growth of the global beetroot powder market. In addition, increasing use of the beetroot powder in burgers and pizzas for enhancing flavor, coupled with rising disposable income are some factors expected to fuel growth of the global target market over the forecast period. Furthermore, increasing use of beetroot powder in cosmetic industries, owing to its higher antioxidant content and changing consumer’s preference towards organic foods are on verge for propelling growth of the global market. Increasing preference for ready to eat food products, and changing lifestyle of consumers is also supporting growth of the target market over the forecast period.

The global beetroot powder market is segmented based on type, application, distribution channel, end-use industry and region.

Based on type, the global beetroot powder market is segmented into conventional and organic. Demand for organic product which is a segment of type is increasing over the forecast period due to its healthy health benefits. On the basis of packaging type, the global market is segmented into cans, bottle, and bags. On the basis of application, the global market is categorized into curries and gravies, food color, soups, and coatings. Based on distribution channel, the target market is segmented into online sale, retail shops, departmental store and, supermarket/hypermarket. Based on end-use industry, the target market is bifurcated into food industry and beverage industry.

On the basis of region, the global beetroot powder market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market is estimated to account for largest revenue share in the global beetroot powder market over the forecast period, owing to increasing number of health conscious consumers in the region. Asia Pacific market is expected to account for the second-largest revenue share in the global market, due to increasing consumption of various food products such as burgers and soups in the region. The market in Europe is projected to register fastest growth rate in terms of revenue. This is primarily attributed to growing demand for healthy foods, coupled with rising disposable food in the region. Moreover, the markets in Latin America and Middle East & Africa are expected to register moderate growth rate over the forecast period.

The key players operating in the beetroot powder market include Yesraj Agro Exports Pvt. Ltd., Bioglan AB, Nature's Way Products LLC, NutraMarks, Inc., Super Sprout LLC & Juices, International Pty Ltd., Radiance Ltd., SuperFoods Group, Natures Aid Ltd., and Botanical Ingredients Ltd.

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