Growing Popularity of Beetroot Juice to Fuel the Global Market for Beetroot Powder During 2017 - 2027

Sep 26,2017 | Food and Beverage

Beetroot Powder Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017–2027)” is the new report published by Future Market Insights. 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. The global beetroot powder market is expected to exhibit a robust CAGR of 5.0% in terms of value, over the forecast period. In terms of volume, the global beetroot powder market stood at 6, 90,000 Tons in 2016, and is expected to reach 1,138,232 Tons by 2027 end, at a CAGR of 4.7%.

Beetroot Powder Market 092017

The beetroot powder market has been experiencing significant growth; however, it is still ...

Beetroot Powder Market 092017

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

Global Beetroot Powder Market: Forecast by Region 

This report has covered seven regions such as, North America, Latin America, Eastern Europe, Western Europe, APAC, Japan and MEA. North America beetroot powder market is expected to exhibit a decent CAGR of 5.2% and 5.1% in terms of value and volume respectively. North America beetroot powder market is estimated to be valued at US$ 4,906.5 Mn by the end of 2027. On the other hand Western Europe beetroot powder market is estimated to be valued at US$ 5,166.1 Mn by the end of 2027 and is expected to expand at a CAGR of 5.3% over the forecast period.

Global Beetroot Powder Market: Forecast by Product Type

There are two segments namely organic and conventional. The organic beet root powder product type is expected to show a high absolute $ opportunity of US$ Mn 5,149.97 over the forecast period. Organic beetroot powder market is estimated to be valued at US$ 13.70 Bn by the end of 2027 and is expected to expand at a CAGR of 5.1% over the forecast period. Conventional beetroot powder market is expected to exhibit a CAGR of 4.5% in terms of volume over the forecast period, and is also expected to witness an absolute $ opportunity of US$ 4,310.60 Mn.

Global Beetroot Powder Market: Forecast by End Use

On the basis of end use segment the global beetroot powder segment is mainly categorized in to food & beverages and industrial segments. Food & beverages segment is further sub-segmented into bakery, confectionary, food colorants, sweeteners and Others. On the other hand, industrial segment is further sub-segmented into chemicals, nutraceuticals, pharmaceuticals, cosmetics, and textiles. Industrial segment beetroot powder market is estimated to be valued at US$ 8,573.4 Mn by the end of 2027 and is expected to expand at a CAGR of 4.7% over the forecast period.

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.

For more insights into the global beetroot powder market, write in to Future Market Insights analysts at [email protected]

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.