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Global Beetroot Powder Market by Application (Curries and Gravies, Food Colour, Soups and Coatings), by Type (Organic and Conventional), by Distribution Channel (Online Sales, Retailer Shops, Departmental Stores, Supermarket/Hypermarket), By Packaging (Cans, Bottle, Bags) and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2022 – 2027)

Published: January, 2022
ID: 4263
Pages: 175

Beetroot Powder Market Size, Growth, Forecast (2022-2027)

The Global Beetroot Powder Market size is valued at US$ 12.6 Billion in 2021 and is anticipated to increase at US$ 13.7 Billion by 2027, with a growing CAGR 5.10% of in the next six years. Increased awareness of the harmful effects of synthetic or chemical components in a variety of products can increase the use of natural ingredients, supporting this target market.

Market Overview:

Beets powder is used to flavor and color various foods and is a new antioxidant that is gaining popularity with health-conscious consumers. Beet powder can be an excellent addition to the human diet these days. Beet powder is made up of betaine phytochemicals that help the proper functioning of the cardiovascular system and help process amino acids in the kidneys and liver. Beet powder is also a rich source of chlorine, iodine, iron, magnesium, calcium, potassium, phosphorus, copper, sodium, riboflavin, thiamine, vitamins, fiber, and so on that can improve the oxygen content in the blood.

Beetroot Powder Market Growth:

The surge in the usage of beet powder in cosmetic, pharmaceutical and food-based industries are predicted to improve the booming growth during the calculated period.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

5.10%

Segments Covered

By Application, Type, Distribution Channel, packaging and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Yesraj Agro Exports Pvt, Radiance Ltd, NutraMarks, Bioglan, Nature's Way Products LLC, Natures Aid Ltd, Go Superfood, Super Sprout LLC & Juices International Pty Ltd, Botanical Ingredients Ltd and Others.

Drivers:

The crucial factor that is promoting the growth of beet powder consumption globally is the demand for the product in the renowned food and beverage firms. Additionally, increasing the use of powdered beets in hamburgers and pizzas, along with an increase in disposable income, is another factor expected to drive growth in the global target market. In addition, the increased use of beet powder in the cosmetics industry due to changes in consumer preference for organic foods high in antioxidants increased preference for ready-to-eat consumers, and lifestyle changes of consumers have led to sales growth worldwide. One of the other factors expected to lead the modern root powder market. The demand for beet powder in the food and beverage sector is increasing. 1 tablespoon of beet powder is nutritionally equivalent to 1 beetroot. In the food industry, beet powder can be used as a food colorant, flavor enhancer, and others. Due to the health benefits provided by beet powder, the consumption of the young population is increasing. As beet powder improves the flavor and nutritional value in the food, the call from the fast food industries is increasing due to the consumption of pizzas and burgers, which in turn is driving the usage of beet powder. Beet powder is also used in the cosmetic industry due to its high antioxidant content, which promotes market demand. Increasing awareness of the use of personal care and natural ingredients in these products can fuel industrial growth as demand for natural cosmetics and personal care products increases. Beetroot powder is widely used in cosmetics, including anti-aging scrubs, face masks, creams and lotions, and removes anti-aging free radicals to prevent skin aging. Beetroot powder is also used for lip balm and lip gloss, giving red or pink to accelerate product demand.

Increased health care awareness among consumers that can increase demand for a variety of health functional food products can lead to modern market demand for powders. Beet powder is widely used because athletes improve performance and reduce muscle pain. It also lowers blood triglyceride levels to help with liver disease and lower blood pressure to maintain balanced health and promote demand for products. Major manufacturers are focusing on collaborating with local players to improve product offerings and expand their geographic presence, and existing players are directing them to offer naturally-sourced products due to consumer penchant for organic products. Beetroot powder consists of betaine phytochemicals and is very useful for the proper functioning of the cardiovascular system and helps to process amino acids in the kidneys. The call for beet powder in the food and beverage industry is multiplying. In the food industry, beet powder is also used to add color to flavor enhancers, flavoring agents, and various food products. Due to the health benefits of sugar beet powder, consumption of sugar beet powder is increasing among younger populations. To increase flavor and increase nutritional value, the use of beet powder in various fast foods, such as pizzas and hamburgers, has increased, which has intensified its demand. Beet powder has also been used in the cosmetic industry to promote demand for beet powder due to its high antioxidant content.

Beetroot Powder Market Segmentation Analysis:

By Application:

  • Curries and gravies             
  • Food Colour           
  • Soups       
  • Coatings  
  • Others     

By Type:

  • Organic    
  • Conventional        

By Distribution Channel:

  • Online Sales          
  • Retailer Shope     
  • Departmental Stores         
  • Super/Hypermarkets     

By Packaging:

  • Cans         
  • Bottles     
  • Bags         

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

Based on regional segmentation, the global beet powder market covers Asia Pacific, North America, the Middle East and Africa, Eastern Europe, Latin America and Western Europe. The beet production areas are France, Germany, Ukraine, Russia and the United States. North America, led by the Canadian, Mexican and US beet powder market sizes, should register significant growth during the forecast period. Growth in the food and beverage market may accelerate product growth as demand for natural food colors increases and interest in synthetic colors increases. Beet powder is widely used as a natural food coloring in a variety of foods such as curries, smoothies, gravy, ketchup, pancakes, and red velvet cakes, giving it a red color to promote the growth of the local market. The size of the sugar beet market, led by the United Kingdom, France and Germany, will continue to show significant growth by 2025. As the trend towards personal care increases, the demand for personal care products may increase, leading to resulting in a larger regional market. Beetroot powder maintains the elasticity and firmness of the skin, making it a widely used anti-aging cream and lotion with excellent antioxidant properties that drive local demand for products. The modern Asia Pacific powder market, led by China, Japan and India, is expected to grow significantly by 2025. Increased consumer awareness of a healthy lifestyle and increased sports activity to improve sports performance are key factors in the regional growth of products. Beet powder is used to prevent liver and kidney disease because it contains betaine plant chemicals that improve cardiovascular function. It also increases nitric oxide levels in the human body, affects blood vessels, lowers blood pressure, improves sports performance, and promotes local demand for products.

Key Players in the Market:

Major Key Players in the Global Beetroot Powder Market are

  • Yesraj Agro Exports Pvt                         
  • Radiance Ltd                             
  • NutraMarks, Inc.                    
  • Bioglan                        
  • Nature's Way Products LLC                 
  • Natures Aid Ltd                        
  • Go Superfood                          
  • Super Sprout LLC & Juices International Pty Ltd                          
  • Botanical Ingredients Ltd          

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 By Application                           

                                5.1.1 Introduction           

                                5.1.2 Curries and gravies              

                                5.1.3 Food Colour            

                                5.1.4 Soups        

                                5.1.5 Coatings   

                                5.1.6 Others      

                                5.1.7 Y-o-Y Growth Analysis        

                                5.1.8 Market Attractiveness Analysis      

                                5.1.9 Market Share Analysis        

                5.2 By Distribution Channel                        

                                5.2.1 Introduction           

                                5.2.2 Online Sales           

                                5.2.3 Retailer Shope      

                                5.2.4 Departmental Stores          

                                5.2.5 Super/Hypermarkets         

                                5.2.6 Y-o-Y Growth Analysis        

                                5.2.7 Market Attractiveness Analysis      

                                5.2.8 Market Share Analysis        

                5.3 By Type                        

                                5.3.1 Introduction           

                                5.3.2 Organic     

                                5.3.3 Conventional         

                                5.3.4 Y-o-Y Growth Analysis        

                                5.3.5 Market Attractiveness Analysis      

                                5.3.6 Market Share Analysis        

                5.4 By Packaging                              

                                5.4.1 Introduction           

                                5.4.2 Cans          

                                5.4.3 Bottles      

                                5.4.4 Bags           

                                5.4.6 Y-o-Y Growth Analysis        

                                5.4.7 Market Attractiveness Analysis      

                                5.4.8 Market Share Analysis        

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Distribution Channel

                                                6.1.3.4 By Application

                                                6.1.3.5 By Packaging

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By Distribution Channel

                                                6.1.4.4 By Application

                                                6.1.4.5 By Packaging

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By Distribution Channel

                                                6.1.5.4 By Application

                                                6.1.5.5 By Packaging

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy           

                                6.2.6 France      

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan        

                                6.3.5 Australia  

                                6.3.6 South Korea           

                6.5 Latin America                            

                                6.4.1 Introduction           

                                6.4.2 Brazil         

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America         

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa        

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8. Market Leader Analysis                                           

                8.1 Yesraj Agro Exports Pvt                         

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Radiance Ltd                              

                8.3  NutraMarks, Inc.                     

                8.4 Bioglan                         

                8.5 Nature's Way Products LLC                  

                8.6 Natures Aid Ltd                         

                8.7 Go Superfood                           

                8.8 Super Sprout LLC & Juices International Pty Ltd                           

                8.9 Botanical Ingredients Ltd                      

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10. Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

 

  1. Global Beetroot Powder Market By Region, From 2022-2027 ( USD Billion )
  2. Global Beetroot Powder Market By Application, From 2022-2027 ( USD Billion )
  3. Global Curries and Gravies Market By Region, From 2022-2027 ( USD Billion )
  4. Global Food Colour Market By Region, From 2022-2027 ( USD Billion )
  5. Global Soups Market By Region, From 2022-2027 ( USD Billion )
  6. Global Coatings Market By Region, From 2022-2027 ( USD Billion )
  7. Global Beetroot Powder Market By Type, From 2022-2027 ( USD Billion )
  8. Global Organic Market By Region, From 2022-2027 ( USD Billion )
  9. Global Conventional Market By Region, From 2022-2027 ( USD Billion )
  10. Global Beetroot Powder Market By Distribution Channel, From 2022-2027 ( USD Billion )
  11. Global Online Sales Market By Region, From 2022-2027 ( USD Billion )
  12. Global Retailer Shops Market By Region, From 2022-2027 ( USD Billion )
  13. Global Departmental Store Market By Region, From 2022-2027 ( USD Billion )
  14. Global Super/Hyper Market By Region, From 2022-2027 ( USD Billion )
  15. Global Beetroot Powder Market By Packaging, From 2022-2027 ( USD Billion )
  16. Global Cans Market By Region, From 2022-2027 ( USD Billion )
  17. Global Bottle Market By Region, From 2022-2027 ( USD Billion )
  18. Global Bags Market By Region, From 2022-2027 ( USD Billion )

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FAQ's

How beetroot powder is prepared?

Beet powder is made up of betaine phytochemicals that help the proper functioning of the cardiovascular system and help process amino acids in the kidneys and liver. 

Mention the crucial factor responsible for the global Beetroot Powder Market growth during 2022-2027?

The crucial factor that is promoting the growth of beet powder consumption globally is the demand for the product in the renowned food and beverage firms.

In which application the Beetroot Powder is majorly used?

The beetroot powder is majorly utilized in curries and gravies part.

Which region holds the largest global beetroot powder market share?

North America region holds the largest global beetroot powder market share.

Mention the top key players in the global Beetroot Powder Market?

The top key players include Yesraj Agro Exports Pvt, Radiance Ltd, NutraMarks, Inc., Bioglan and Nature's Way Products LLC.      

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