Beetroot Powder Market Size, Share & Trends Analysis Report By Type (Conventional And Organic), Distribution Channel (Online Sale, Retail Shops, Departmental Stores And Supermarket/Hypermarkets), By Application, By End-Use Industry, Region, And Segment Forecasts, 2023-2031

Report ID : 1534 | Published : 2023-02-22 | Pages: 180 | Format: PDF/EXCEL

The Global Beetroot Powder Market Size is valued at 461.76 million in 2022 and is predicted to reach 830.30 million by the year 2031 at an 6.98% CAGR during the forecast period for 2023-2031.

Beetroots, which are related to spinach and Swiss chard, are used to make beetroot powder, a dietary supplement. Because of its high nutrient content, beetroot is frequently used as a red meat substitute and has been utilized in herbal medicines for millennia. The expansion can be ascribed to the rise in interest in natural food products that don't include artificial pesticides or fertilizers.

Beetroot Powder Market

Organic beetroot consumption has increased as a result of rising health consciousness around the world. The usage of beetroot powder in numerous industrial products, including paints, dyes, chemicals used in paper production, etc., will increase the market's size over the coming years. Beetroot powder is increasingly utilized in numerous industrial applications due to the rising demand for food products free of artificial chemicals. Nitrates, abundant in beetroot, have been demonstrated to lower blood pressure and enhance the performance of the blood arteries that provide oxygen to the muscles during exercise.

Additionally, beetroots are a good dietary fiber, copper, manganese, potassium, and folate source. Due to their easy availability at lower prices than other vegetables, such as potatoes, which are currently experiencing stagnant production levels, the global market for beetroot powders is projected to witness major growth with increasing consumption rates in countries like India and China.

Recent Developments:

  • In November 2020, AS-IT-IS introduced its brand-new product, beetroot powder. It has no chemicals and is entirely natural. Immunity, memory, and vitality are all improved. 

Competitive Landscape:

Some major key players in the beetroot powder market are:

  • Nature's Way
  • Bioglan
  • Yesraj Agro Exports
  • Super Sprout
  • Cultivator Natural Products
  • Natures Aid
  • Venkatesh Naturals
  • NutraMarks
  • Go Superfood
  • Botanical Ingredients Ltd 

Market Segmentation:

The beetroot powder market is segmented on the type, distribution channel, application and end-use industry. Based on type, the market is segmented into conventional and organic. Based on the distribution channel, beetroot powder market is segmented into online sale, retail shops, departmental stores and supermarket/hypermarkets. Based on application, beetroot powder market is segmented into curries & gravies, food color, soups and coatings. Based on end-use industry, the beetroot powder market is segmented into food and beverage.

Based on type, the conventional segment is accounted as a major contributor to the beetroot powder market

The conventional category grabbed the highest revenue share, and it is anticipated that it will continue to hold that position during the anticipated time attributable to the beetroot's varied uses in a variety of booming industries, including the food and beverage and cosmetics sectors. The largest market for beetroot powder is the food and beverage industry. Traditional beetroot powder can preserve food color or create vivid red hues for culinary applications. Additionally, many products, including ice cream, confectionery, and beverages, use this kind of substance as a coloring component.

The food segment witnessed growth at a rapid rate

The food category is anticipated to grow significantly over the forecast period. The market is anticipated to rise as a result of the usage of beetroot powder in a number of organic meals as well as in the flavoring of pizza and hamburgers. Beetroot powder is also a natural colorant and flavor enhancer in the culinary industry. Over the projected period, beetroot powder acceptance in the food market will rise due to the post-pandemic shift toward healthy foods. Due to the additional vitamin C boost that beetroot powder offers, it has recently been spotted in numerous chocolate bars marketed for youngsters. The percentage of utilization for this product varies depending on the type and size of the organization. Still, because of its excellent compatibility with other goods, we believe that it will continue to increase over time.

The North America beetroot powder market holds a significant revenue share in the region

The North America beetroot powder market is expected to register the highest market share in revenue in the near future due to rising demand for organic products, growing health consciousness, and spending on a healthy lifestyle. The market for food and beverages is expanding, which might speed up product growth as interest in synthetic colors grows along with the demand for natural food colors. In order to give meals like curries, smoothies, gravy, ketchup, pancakes, and red velvet cakes a red hue and help the local market flourish, beet powder is frequently utilized as a natural food coloring. In addition, the Asia Pacific is projected to grow at a rapid rate in the global beetroot powder market attributed to rising consumer demand for organic products and an increase in the number of organic food producers; for example, the Research Institute of Organic Agriculture FiBL reports that India continues to have the highest production, with 835200 producers. In addition, some sources claim that beetroot powder helps raise hemoglobin, which is crucial for sickle cell patients. 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 throughout the course of the forecast period.

Beetroot Powder Market  Report Scope:

Report Attribute

Specifications

Market size value in 2022

USD 461.76 million

Revenue forecast in 2031

USD 830.30 million

Growth rate CAGR

CAGR of 6.98% from 2023 to 2031

Quantitative units

Representation of revenue in US$ Million, and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments covered

Type, Distribution Channel, Application And End-Use Industry

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Competitive Landscape

Nature's Way, Bioglan, Yesraj Agro Exports, Super Sprout, Cultivator Natural Products, Natures Aid, Venkatesh Naturals, NutraMarks, Go Superfood and Botanical Ingredients Ltd.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Endovascular Treatment Devices Market Snapshot

Chapter 4. Global Endovascular Treatment Devices Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:

5.2.1. Conventional
5.2.2. Organic

Chapter 6. Market Segmentation 2: by Distribution Channel Estimates & Trend Analysis
6.1. by Distribution Channel & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Distribution Channel:

6.2.1. Online Sale
6.2.2. Retail Shops
6.2.3. Departmental Store
6.2.4. Supermarket/Hypermarket

Chapter 7. Market Segmentation 3: by Application Estimates & Trend Analysis
7.1. by Application & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

7.2.1. Curries & Gravies
7.2.2. Food Color
7.2.3. Soups
7.2.4. Coatings

Chapter 8. Endovascular Treatment Devices Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
8.1.2. North America Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2023-2031
8.1.3. North America Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
8.1.4. North America Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

8.2. Europe

8.2.1. Europe Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
8.2.2. Europe Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2023-2031
8.2.3. Europe Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
8.2.4. Europe Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

8.3. Asia Pacific

8.3.1. Asia Pacific Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
8.3.2. Asia Pacific Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2023-2031
8.3.3. Asia-Pacific Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
8.3.4. Asia Pacific Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

8.4. Latin America

8.4.1. Latin America Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
8.4.2. Latin America Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2023-2031
8.4.3. Latin America Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
8.4.4. Latin America Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

8.5. Middle East & Africa

8.5.1. Middle East & Africa Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
8.5.2. Middle East & Africa Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2023-2031
8.5.3. Middle East & Africa Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
8.5.4. Middle East & Africa Endovascular Treatment Devices Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles


9.2.1. Bioglan
9.2.2. Botanical Ingredients Ltd
9.2.3. Changsha Vigorous Tech
9.2.4. Cultivator Natural Products
9.2.5. Ecuadorian Rainforest LLC.
9.2.6. Go Superfood
9.2.7. Indigo Herbs
9.2.8. Indigo Herbs Radiance Ltd.
9.2.9. Marudhar Foods Private Limited
9.2.10. Mountain Rose Herbs
9.2.11. Natures Aid Ltd.
9.2.12. Nature's Way Products
9.2.13. NutraMarks
9.2.14. Organic Herb Inc.
9.2.15. Radiance Ltd.
9.2.16. Super Sprout LLC
9.2.17. Venkatesh Naturals
9.2.18. Windmill Organics
9.2.19. Yesraj Agro Exports
9.2.20. Z Natural Foods (USA)
9.2.21. Other Prominent Players

Segmentation of Beetroot Powder Market-

Beetroot Powder Market By Type

  • Conventional
  • Organic

Beetroot Powder Market

Beetroot Powder Market By Distribution Channel

  • Online Sale
  • Retail Shops
  • Departmental Store
  • Supermarket/Hypermarket

Beetroot Powder Market By Application

  • Curries & Gravies
  • Food Color
  • Soups
  • Coatings

Beetroot Powder Market By End-use Industry

  • Food
  • Beverage

Beetroot Powder Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

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Beetroot Powder Market expected to grow at 6.98% CAGR during the forecast period for 2023-2031

Nature's Way, Bioglan, Yesraj Agro Exports, Super Sprout, Cultivator Natural Products, Natures Aid, Venkatesh Naturals, NutraMarks, Go Superfood and B

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