Beetroot Powder Market Size was valued at USD 0.51 Billion in 2022. The beetroot powder market industry is projected to grow from USD 0.54 Billion in 2023 to USD 0.79 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.00% during the forecast period (2023 - 2032). The growing consumer awareness of beetroot's health benefits, such as its high nutritional value and potential to lower blood pressure, is driving demand for beetroot powder are the key market drivers enhancing the market growth.
Market CAGR for beetroot powder is being driven by a variety of vegan and plant-based food products that can benefit from the addition of beetroot powder, a natural and plant-based ingredient, for flavor and color. It is a more beneficial option than the synthetic additives frequently found in processed foods. Vegan and plant-based consumers frequently give clean-label goods with clear ingredient lists top priority. As a minimally processed, naturally derived product, beetroot powder fits in well with these consumer preferences. Its use enables producers to list easily understandable ingredients on product labels. The fact that beetroot is a good source of important vitamins, minerals, and antioxidants represents just one of its numerous health benefits. Because consumers are looking for nutrient-dense foods to satisfy their calorie requirements, it is compatible with the healthy nature of a plant-based and vegan diet. Thus, driving the beetroot powder organics market revenue.
In addition, the demand for natural and minimally processed food products is rising. This demand for organic and healthful options is met by clean label ingredients like beetroot powder, which is made from real beets and has no synthetic additives or artificial colors. Consumers today are more concerned with their health and curious about the ingredients in the food they consume. Consumers are interested in the origin and processing of the ingredients. Consumers can easily understand beetroot powder, which is made from dried and ground beets, which promotes ingredient list transparency.
Moreover, consumers are becoming increasingly concerned with their own well-being, and many are looking for new methods for including healthy substances in their diets. Beetroot powder, with its high nutrient profile of vitamins, minerals, and antioxidants, can be creatively incorporated into a wide range of products to improve their health benefits. The market for functional foods and beverages that provide specific health benefits above and beyond basic nutrition is growing. Beetroot powder is used to make products in this category because it has been shown to improve exercise performance, endurance, and cardiovascular health. Innovative product development can result in a wide range of functional foods, such as beetroot-infused energy bars, sports drinks, and smoothie mixes.
The beetroot powder market segmentation, based on Type includes Organics, and Conventional. The organics segment dominated the market, due to the growing awareness among consumers about the health benefits of organic products and the increasing demand for natural ingredients in food and beverages.
The beetroot powder market segmentation, based on end use, includes Ingredient, and Packed Food. The ingredient category generated the most income. The increasing use of beetroot powder in a variety of food and beverage products is boosting the growth of the ingredient segment.
Figure 1: Beetroot Powder Market, by End Use, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Beetroot Powder Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American beetroot powder market area will dominate this market, Consumers in North America are becoming more aware of carrot powder's health benefits, such as its capacity to enhance heart health, increase sports performance, and decrease inflammation. It is fueling regional demand for beetroot powder. Organic substances in food and drinks are also becoming increasingly popular among North American consumers. Beetroot powdered is an organic component that can be added to meals and beverages to add flavor, color, and nutrients. This is also fueling regional demand for beetroot powder.
Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: : BEETROOT POWDER MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Beetroot Powder market accounts for the second-largest market share due to the beets and beetroot products have a long culinary history in Europe, especially in Eastern European countries. Being acquainted with the ingredient contributes to a steady demand for beetroot powder as a culinary tradition extension. Further, the Germany Beetroot Powder market held the largest market share, and the UK Beetroot Powder market was the fastest growing market in the European region.
The Asia-Pacific Beetroot Powder market is expected to grow at the fastest CAGR from 2023 to 2032. The Asia-Pacific region is home to a sizable portion of the world's population, which is growing. Consumers in the region have more disposable income to spend on premium and health-conscious food products such as beetroot powder. Moreover, China’s Beetroot Powder market held the largest market share, and the Indian Beetroot Powder market was the fastest growing market in the Asia-Pacific region.
Leading market players are beetroot powder competitive landscape includes several key players, both large and small, as well as potential market entrants. Because of the growing consumer demand for natural, clean label ingredients, the market is competitive, with important market developments including new Organic substance, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Beetroot Powder industry must offer cost-effective Organics.
Beetroot powder is frequently produced by large food ingredient and supplement companies used by key players in the beetroot powder industry to benefit clients and increase the market sector. In recent years, the beetroot powder industry has offered some of the most significant advantages to enterprises. Major players in the Beetroot Powder market, including NutraMarks Inc. (United States), Super Sprout LLC (United States), Yesraj Agro Exports Pvt. Ltd. (India), Bioglan (Australia), Ecuadorian Rainforest LLC. (USA), and others, are attempting to increase market demand by investing in research and development operations.
NutraMarks Inc. is a leading manufacturer and distributor of nutritional supplements, personal care products, and healthy foods. The company was founded in 1952 and is headquartered in Carson, United States. NutraMarks products are sold in health and natural food stores, pharmacies, and online retailers throughout the United States and Canada. NutraMarks is a trusted brand in the nutritional supplement industry. The company has a reputation for providing high-quality products at competitive prices. NutraMarks is also known for its excellent customer service. NutraMarks offers a wide range of products to meet the needs of a variety of consumers. NutraMarks products are manufactured in the United States in GMP-certified facilities. NutraMarks products are offered at competitive prices.
Super Sprout LLC is a company that produces and sells organic beetroot powder and other organic fruit and vegetable powders. The company was founded in 2012 and is headquartered in United States. Super Sprout products are sold online and in select retail stores in Australia and the United States. Super Sprout beetroot powder is made from organic beets that are grown in Australia. The beets are dried and ground into a powder that is easy to mix into smoothies, juices, yogurt, and other foods and beverages. Super Sprout beetroot powder is a good source of antioxidants, vitamins, and minerals. It has been shown to improve blood pressure, reduce inflammation, and boost athletic performance. In addition to beetroot powder, Super Sprout also offers a variety of other organic fruit and vegetable powders, such as apple powder, barley grass powder, blueberry powder, broccoli sprout powder, carrot powder, ginger powder, lemon powder, strawberry powder, and wheatgrass sprout powder. Super Sprout powders can be used to add flavor, color, and nutrients to a variety of food and beverage products.
Beetroot Powder Industry Developments
In 2023: Nature's Way introduced Beet Root Powder in February, which supports antioxidant pathways and free radical scavenging activity.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.51 Billion |
| Market Size 2023 | USD 0.54 Billion |
| Market Size 2032 | USD 0.79 Billion |
| Compound Annual Growth Rate (CAGR) | 5.00% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, and End Use |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | NutraMarks Inc.(United States), Super Sprout LLC (United States), Yesraj Agro Exports Pvt. Ltd. (India), Bioglan (Australia), Ecuadorian Rainforest LLC. (USA). |
| Key Market Opportunities | The growing market for functional foods and beverages provides opportunities for including beetroot powder through services which encourage health and well-being. |
| Key Market Dynamics | The rising popularity of plant-based and vegan diets |
Frequently Asked Questions (FAQ) :
The Beetroot Powder market size was valued at USD 0.51 Billion in 2022.
The market is projected to grow at a CAGR of 5.00% during the forecast period, 2023-2032.
North America had the largest share in the market
The key players in the market are NutraMarks Inc.(United States), Super Sprout LLC (United States), Yesraj Agro Exports Pvt. Ltd. (India), Bioglan (Australia), Ecuadorian Rainforest LLC. (USA).
The organics category dominated the market in 2022.
The Ingredient had the largest share in the market.
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