Latin America Beetroot Powder Market

Latin America Beetroot Powder Market Growth and Forecast (2023 - 2028):

Latin America Beetroot Powder Market was worth USD XX billion in 2022 and estimated to be growing at a CAGR of xx %, to reach USD XX billion by 2028.

Market Overview:

Beetroot has a high sugar content as compared to other vegetables and is sometimes used as a sweetening substitute. Beetroot powder is obtained from dried beetroots by grinding or milling them. It is used to provide flavour and colour to a variety of foods. It is a a source of betaine phytochemical which is important for the proper functioning of the cardiovascular system and helps liver and kidney to process amino acids. It is also a source of potassium, phosphorus, magnesium, calcium, fibre and vitamins, being a good source of antioxidants. Beetroot powder has applications in the food industry as it can be used in pasta sauce, blended with a smoothie, to create muffins, making juice, as salad dressings etc.

Drivers:

One of the major market drivers for the market is the increasing urbanization and a rise in the disposable income earned by people. As a result there has been an increase in the demand for fast foods which in turn fuel the market growth. Due to the high nutritional level of the beetroot powder, people are switching to its powder form. Its use in the cosmetic industry has increased over the past few years due to its anti oxidant property. 

Latin America Beetroot Powder Market Segmentation Analysis:

Latin America Beetroot Powder Market Segmentation by application, distribution channel, packaging and type. By application the market is segmented into food industry, pharmaceuticals and cosmetics. The demand for beetroot powder has increased immensely in the food industry due to its nutritional content. By distribution channel the market is classified into online sale, retail shops, departmental store and supermarkets. By packaging the market is divided into cans, bottle and bags. By type the market is analysed under Conventional and organic.

Region Analysis:

Geographically the Latin America Beetroot Powder Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. This regional market is projected to grow slowly during the forecast period.

Key Players in the Market:

• Major Key Players in the Latin America Beetroot Powder Market are
• Yesraj Agro Exports Pvt. Ltd
• Bioglan
• Nature's Way Products LLC
• Super Sprout LLC & Juices International Pty Ltd
• NutraMarks, Inc
• Radiance Ltd
• Go Superfood
• Natures Aid Ltd
• Botanical Ingredients Ltd