Beetroot Powder Market Size is projected to reach USD 695.39 million by 2031, growing at a CAGR of 5.2%: Straits Research

By GlobeNewswire On Sep 14, 2023

- Advertisement -

The global beetroot powder market size was valued at USD 440.64 million in 2022. It is projected to reach USD 695.39 million by 2031, growing at a CAGR of 5.2% during the forecast period (2023-2031). The market for beetroot powder is anticipated to grow significantly over the course of the forecast period as a result of rising awareness of healthy lifestyles, rising demand for organic food, and ethical and environmental concerns.

New York, United States, Sept. 14, 2023 (GLOBE NEWSWIRE) — The dried beetroot is ground and milled to create beetroot powder. It goes by the names red beet, golden beet, and garden beer as well. Vitamins and minerals like Vitamin C and Vitamin A are abundant in beetroot powder, which is also a good source of potassium, iron, and magnesium. Beetroot powder has a number of biological advantages, including supporting and enhancing the immune system, enhancing skin health, and supporting the maintenance of strong bones. Additionally, it is consumed for better liver function, blood pressure maintenance, and weight loss. The market for beetroot powder is anticipated to grow significantly over the course of the forecast period as a result of rising awareness of healthy lifestyles, rising demand for organic food, and ethical and environmental concerns.

Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/beetroot-powder-market/request-sample

Increasing Trend of Healthy Lifestyle Drives the Market

Following the COVID-19 pandemic, a number of people have changed their lifestyle choices and adopted more healthy habits. The popularity of beetroot powder among health-conscious people has grown as a result of its health advantages. Along with vitamins and minerals, beet powder also contains nitrates. Nitrates are a naturally occurring compound found in beets and many other vegetables. Nitrate from food helps the blood flow normally. Studies suggest that beetroot powder may help people maintain lower blood sugar levels after meals. Using beetroot powder can help obese people become more insulin sensitive and control their blood sugar levels. These results may be promising for people with diabetes or other blood sugar-related issues, but more research is necessary.

Booming Natural Cosmetics Industry gives an Opportunity for Exponential Growth

Growing consumer awareness of the benefits of organic consumer goods and strong local companies’ support for their development and product visibility are the main factors driving the demand for organic or natural cosmetics. The creation and manufacturing of products with green ingredients are more environmentally friendly than conventional goods. Additionally, there are fewer side effects with organic consumer goods. Products marketed as “natural cosmetics” are those that contain only trace amounts of parabens and other synthetic ingredients. More natural ingredients are being used in traditional cosmetics and personal care products. Businesses are increasingly substituting natural ingredients for synthetic ones, in part because of consumer demand and in part because of a move towards sustainable raw materials. According to estimates, the European market for natural cosmetics will be worth €3.9 billion in 2019, accounting for 5% of the continent’s total cosmetics market. The global market for cosmetics is growing more slowly than the European market for natural cosmetics, though.

Report Scope

Report Metric	Details
Market Size by 2031	USD 440.64 million
Market Size in 2022	USD 695.39 million
CAGR	5.2% (2023-2031)
Historical Data	2020-2021
Base Year	2022
Forecast Period	2023-2031
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Product Type, By Packaging, By Application
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	NutraMarks Inc.(United States), Super Sprout LLC (United States), Yesraj Agro Exports Pvt. Ltd. (India), Bioglan (Australia), Ecuadorian Rainforest LLC. (USA).
Key Market Opportunities	Growing Use of Beetroot Powder in Cosmetics
Key Market Drivers	Increasing Use of Natural Ingredients in Products

Buy Now Full Report @ https://straitsresearch.com/buy-now/beetroot-powder-market

Regional Insights

North America region is the highest contributor to the market and is anticipated to grow at a CAGR of xx% during the forecast period due to rising demand for organic products, growing health consciousness, and spending on a healthy lifestyle. For example, according to the Organic Trade Association (OTA), sales of organic goods, including food and non-food items, were valued at USD 46.23 billion in 2016 and increased by 6.4% annually to reach USD 49.4 billion in 2017.

During the forecast period, Europe is anticipated to dominate the global beetroot powder market. This is a result of the cosmetics industry’s growing demand for beetroot powder, which is now a necessary component of many cosmetic and personal care products. For instance, according to statistics provided by Cosmetic Europe, a trade group for personal care products, Europe is home to the world’s largest market for cosmetics and personal care products, which was worth USD 87.78 billion in 2017.

Due to the rising demand for organic products and expanding organic food producers, the beetroot market is anticipated to expand significantly in the Asia Pacific region over the coming years. For example, the Research Institute of Organic Agriculture FiBL reports that India continues to have the highest number of producers, 835200; in addition, some sources claim that beetroot powder is also helpful for increasing hemoglobin, which is crucial for healthy blood. Due to the high prevalence of sickle cell disease and other hemoglobin deficiencies in India, beetroot powder will be used more frequently in natural medicines over the course of the forecast period.

During the forecast period, the global beetroot powder mobility market is anticipated to expand moderately in the LAMEA region. The region’s beetroot powder market is anticipated to grow significantly as a result of the UAE, Saudi Arabia, and other oil-rich gulf countries adopting organic food. Due to its numerous advantages, it is anticipated that the region of South America’s economic development will lead to an increase in the consumption of healthy foods, including beetroot powder products.

Key Highlights

The global beetroot powder market size is projected to reach USD 695.30 million by 2031, growing at a CAGR of 5.2% during the forecast period (2023-2031).
Based on product type, the global beetroot powder market is bifurcated into conventional, organic, and others. The conventional segment is the highest contributor to the market and is anticipated to grow at a CAGR of xx% during the forecast period.
Based on the packaging, the global beetroot powder market is bifurcated into cans, bottles, bags, and others. The bottling segment is the highest contributor to the market and is anticipated to grow at a CAGR of xx% during the forecast period.
Based on application, the global beetroot powder market is bifurcated into food, cosmetics, pharmaceuticals, and others. The pharmaceutical segment is the highest contributor to the market and is anticipated to grow at a CAGR of xx% during the forecast period.
North America is the most significant shareholder in the global Beetroot Powder market and is anticipated to grow at a CAGR of xx% during the forecast period.

Competitive Landscape

NutraMarks Inc.(United States)
Super Sprout LLC (United States)
Yesraj Agro Exports Pvt. Ltd. (India)
Bioglan (Australia)
Ecuadorian Rainforest LLC. (USA)

Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/beetroot-powder-market/request-sample

Global Beetroot Powder Market: Segmentation

By Product Type

Organic Beetroot Powder
Conventional Beetroot Powder

By Packaging

Cans
Bottle
Bags

By Application

Food & Beverage
Pharmaceuticals
Cosmetics

By Regions

North America
Europe
Asia-Pacific
LAMEA

TABLE OF CONTENT

EXECUTIVE SUMMARY
RESEARCH SCOPE & SEGMENTATION
1. Research Objectives
2. Market Definition
3. Limitations & Assumptions
4. Market Scope & Segmentation
5. Currency & Pricing Considered
MARKET OPPORTUNITY ASSESSMENT
1. Emerging Regions / Countries
2. Emerging Companies
3. Emerging Applications / End Use
4. Investment Landscape
5. New Business Models / Revenue Streams
6. TAM
MARKET TRENDS
1. Drivers
2. Market Warning Factors
3. Latest Macro Economic Indicators
4. Geopolitical Impact
5. Human Factors
6. Technology Factors
MARKET ASSESSMENT
1. Porters Five Forces Analysis
2. Value Chain Analysis
3. Raw Material Analysis
4. Sales And Distribution Channel Analysis
5. Trade Analysis
6. M & A Agreements & Collabration Analysis
7. Export Import Analysis
8. Cost Structure Analysis
ESG TRENDS
GLOBAL BEETROOT POWDER MARKET SIZE ANALYSIS
1. Global Beetroot Powder Market Introduction
2. By Product Type
  1. Introduction
    1. Product Type By Value
  2. Organic Beetroot Powder
    1. By Value
  3. Conventional Beetroot Powder
    1. By Value
3. By Packaging
  1. Introduction
    1. Packaging By Value
  2. Cans
    1. By Value
  3. Bottle
    1. By Value
  4. Bags
    1. By Value
4. By Application
  1. Introduction
    1. Application By Value
  2. Food & Beverage
    1. By Value
  3. Pharmaceuticals
    1. By Value
  4. Cosmetics
    1. By Value
NORTH AMERICA MARKET ANALYSIS
1. Introduction
2. By Product Type
  1. Introduction
    1. Product Type By Value
  2. Organic Beetroot Powder
    1. By Value
  3. Conventional Beetroot Powder
    1. By Value
3. By Packaging
  1. Introduction
    1. Packaging By Value
  2. Cans
    1. By Value
  3. Bottle
    1. By Value
  4. Bags
    1. By Value
4. By Application
  1. Introduction
    1. Application By Value
  2. Food & Beverage
    1. By Value
  3. Pharmaceuticals
    1. By Value
  4. Cosmetics
    1. By Value
5. U.S.
  1. By Product Type
    1. Introduction
      1. Product Type By Value
    2. Organic Beetroot Powder
      1. By Value
    3. Conventional Beetroot Powder
      1. By Value
  2. By Packaging
    1. Introduction
      1. Packaging By Value
    2. Cans
      1. By Value
    3. Bottle
      1. By Value
    4. Bags
      1. By Value
  3. By Application
    1. Introduction
      1. Application By Value
    2. Food & Beverage
      1. By Value
    3. Pharmaceuticals
      1. By Value
    4. Cosmetics
      1. By Value
6. Canada
EUROPE MARKET ANALYSIS
1. Introduction
2. By Product Type
  1. Introduction
    1. Product Type By Value
  2. Organic Beetroot Powder
    1. By Value
  3. Conventional Beetroot Powder
    1. By Value
3. By Packaging
  1. Introduction
    1. Packaging By Value
  2. Cans
    1. By Value
  3. Bottle
    1. By Value
  4. Bags
    1. By Value
4. By Application
  1. Introduction
    1. Application By Value
  2. Food & Beverage
    1. By Value
  3. Pharmaceuticals
    1. By Value
  4. Cosmetics
    1. By Value
5. U.K.
  1. By Product Type
    1. Introduction
      1. Product Type By Value
    2. Organic Beetroot Powder
      1. By Value
    3. Conventional Beetroot Powder
      1. By Value
  2. By Packaging
    1. Introduction
      1. Packaging By Value
    2. Cans
      1. By Value
    3. Bottle
      1. By Value
    4. Bags
      1. By Value
  3. By Application
    1. Introduction
      1. Application By Value
    2. Food & Beverage
      1. By Value
    3. Pharmaceuticals
      1. By Value
    4. Cosmetics
      1. By Value
6. Germany
7. France
8. Spain
9. Italy
10. Russia
11. Nordic
12. Benelux
13. Rest Of Europe
APAC MARKET ANALYSIS
1. Introduction
2. By Product Type
  1. Introduction
    1. Product Type By Value
  2. Organic Beetroot Powder
    1. By Value
  3. Conventional Beetroot Powder
    1. By Value
3. By Packaging
  1. Introduction
    1. Packaging By Value
  2. Cans
    1. By Value
  3. Bottle
    1. By Value
  4. Bags
    1. By Value
4. By Application
  1. Introduction
    1. Application By Value
  2. Food & Beverage
    1. By Value
  3. Pharmaceuticals
    1. By Value
  4. Cosmetics
    1. By Value
5. China
  1. By Product Type
    1. Introduction
      1. Product Type By Value
    2. Organic Beetroot Powder
      1. By Value
    3. Conventional Beetroot Powder
      1. By Value
  2. By Packaging
    1. Introduction
      1. Packaging By Value
    2. Cans
      1. By Value
    3. Bottle
      1. By Value
    4. Bags
      1. By Value
  3. By Application
    1. Introduction
      1. Application By Value
    2. Food & Beverage
      1. By Value
    3. Pharmaceuticals
      1. By Value
    4. Cosmetics
      1. By Value
6. Korea
7. Japan
8. India
9. Australia
10. Taiwan
11. South East Asia
12. Rest Of Asia-Pacific
MIDDLE EAST AND AFRICA MARKET ANALYSIS
1. Introduction
2. By Product Type
  1. Introduction
    1. Product Type By Value
  2. Organic Beetroot Powder
    1. By Value
  3. Conventional Beetroot Powder
    1. By Value
3. By Packaging
  1. Introduction
    1. Packaging By Value
  2. Cans
    1. By Value
  3. Bottle
    1. By Value
  4. Bags
    1. By Value
4. By Application
  1. Introduction
    1. Application By Value
  2. Food & Beverage
    1. By Value
  3. Pharmaceuticals
    1. By Value
  4. Cosmetics
    1. By Value
5. UAE
  1. By Product Type
    1. Introduction
      1. Product Type By Value
    2. Organic Beetroot Powder
      1. By Value
    3. Conventional Beetroot Powder
      1. By Value
  2. By Packaging
    1. Introduction
      1. Packaging By Value
    2. Cans
      1. By Value
    3. Bottle
      1. By Value
    4. Bags
      1. By Value
  3. By Application
    1. Introduction
      1. Application By Value
    2. Food & Beverage
      1. By Value
    3. Pharmaceuticals
      1. By Value
    4. Cosmetics
      1. By Value
6. Turkey
7. Saudi Arabia
8. South Africa
9. Egypt
10. Nigeria
11. Rest Of MEA
LATAM MARKET ANALYSIS
1. Introduction
2. By Product Type
  1. Introduction
    1. Product Type By Value
  2. Organic Beetroot Powder
    1. By Value
  3. Conventional Beetroot Powder
    1. By Value
3. By Packaging
  1. Introduction
    1. Packaging By Value
  2. Cans
    1. By Value
  3. Bottle
    1. By Value
  4. Bags
    1. By Value
4. By Application
  1. Introduction
    1. Application By Value
  2. Food & Beverage
    1. By Value
  3. Pharmaceuticals
    1. By Value
  4. Cosmetics
    1. By Value
5. Brazil
  1. By Product Type
    1. Introduction
      1. Product Type By Value
    2. Organic Beetroot Powder
      1. By Value
    3. Conventional Beetroot Powder
      1. By Value
  2. By Packaging
    1. Introduction
      1. Packaging By Value
    2. Cans
      1. By Value
    3. Bottle
      1. By Value
    4. Bags
      1. By Value
  3. By Application
    1. Introduction
      1. Application By Value
    2. Food & Beverage
      1. By Value
    3. Pharmaceuticals
      1. By Value
    4. Cosmetics
      1. By Value
6. Mexico
7. Argentina
8. Chile
9. Colombia
10. Rest Of LATAM
COMPETITIVE ASSESSMENT
1. Adoption Matrix
2. Beetroot Powder Market Share By Manufacturers
3. Beetroot Powder Market Ranking By Revenue For Manufacturers
4. Average Price By Manufacturers
5. Vendor Footprint Analysis
MARKET PLAYERS ASSESSMENT
1. NutraMarks Inc.(United States)
  1. Overview
  2. Business Information
  3. Revenue
  4. ASP
  5. Gross Margin
  6. Swot Analysis
  7. Recent Developmments
2. Super Sprout LLC (United States)
3. Yesraj Agro Exports Pvt. Ltd. (India)
4. Bioglan (Australia)
5. Ecuadorian Rainforest LLC. (USA)
6. Z Natural Foods (USA)
7. Nature’s Way Products LLC. (USA)
8. Botanical Ingredients Ltd. (United States)
9. Marudhar Foods Private Limited (India)
10. Organic Herb Inc. (China)
11. Indigo Herbs (U.K.)
12. Windmill Organics Ltd. (U.K.)
13. Radiance Ltd. (United States)
RESEARCH METHODOLOGY
1. Research Data
  1. Secondary Data
    1. Major Secondary Sources
    2. Key Data From Secondary Sources
  2. Primary Data
    1. Key Data From Primary Sources
    2. Breakdown Of Primaries
  3. Secondary And Primary Research
    1. Key Industry Insights
2. Market Size Estimation
  1. Bottom-Up Approach
  2. Top-Down Approach
  3. Market Projection
3. Research Assumptions
  1. Assumptions
4. Limitations
5. Risk Assessment
APPENDIX
1. Discussion Guide
2. Customization Options
3. Related Reports
DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/beetroot-powder-market/toc

Market News

In November 2021, Bioglan signed an agreement with Stada to ramp up production capacity to meet the increasing demand for the treatment of Parkinson’s disease.
In April 2022, Windmill Organics expanded its business by taking over Machandel Company.

News Media

Global Citrus Powder Market Grows Steadily at a CAGR of 8.08

Global Egg Protein Market Size USD 59.8 Billion By 2031 | CAGR of 5.5%

Have a Look at the Related Research Report

Goat Milk Powder Market: Information by Product Type (Skimmed Goat Milk Powder, Full Cream Goat Milk Powder), Application (Infant, Teenager, Adult, Elder) and Regions—Forecast till 2031

Aphrodisiac Powder Market: Information by Source (Plants, Animals, Minerals), End-User (Pharmaceutical, Cosmetic, Aromatherapy), and Region — Forecast till 2029

Powdered Beverages Market: Information by Nature (Organic, Conventional), Flavor (Unflavored, Flavored), Distribution Channel (B2B, B2C), and Region —Forecast till 2030

Rotomolding Powder Market: Information by Type (Polyethylene, PVC Plastisol, Polycarbonate, Nylon, Polypropylene), Application, and Region — Forecast Till 2026

About Straits Research Pvt. Ltd.

StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.

Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.

For more information on your target market, please contact us below:

Phone: +1 646 905 0080 (the U.S.)

+91 8087085354 (APAC)

+44 203 695 0070 (the U.K.)

Email: [email protected]

Follow Us: LinkedIn | Facebook | Instagram | Twitter

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Agrigate Global takes no editorial responsibility for the same.