Beetroot Powder Market: Information by Product Type, End-use Industry, Distribution Channel, Packaging Type and Regional Outlook — Forecast Till 2026

Beetroot powder is obtained by grinding and milling of dried beetroot. It is also known as red beet, golden beet or garden beer. Beetroot powder is rich sources of vitamins and minerals such as Vitamin C, Vitamin A and it is also a good source of Iron, Potassium, and Magnesium.

Biologically, beetroot powder offers several benefits such as it supports and boosts immune system, improves skin health, and helps to maintain strong bones. It is also consumed to maintain and maintain blood pressure, better liver functioning and weight loss.

Beetroot powder market is expected gaining major traction during forecast period 2019-2026, owing to increasing attention to healthy life style, increasing demand for organic food, and environmental and ethical issues. For instance, according to The Institute of Food Technologists (IFT), the worldwide sales of naturally healthy foods reached USD 253 billion in 2017. Additionally, growing spending on food and beverage is expected to augment the global demand for beetroot powder. For instance, according to United Nations Department of Economic and Social Affairs, in 2016, the total global population was 7.3 billion in 2016 and it is projected to grow at 9.7 billion by 2050 and simultaneously food demand is expected to increase in between 59% to 98%.

Intended Audience

Beetroot Powder Manufacturers
Raw Material Suppliers
Beetroot Powder Reselling Companies
Potential Investors
Research and Development Institutes
Traders, Distributors, and Suppliers of Beetroot Powder.

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Segmental Insights

Global beetroot powder market is segmented by product type, end-use industry, and distribution channel, and packaging type.

By product type, beetroot powder market is further segmented into organic beetroot and conventional beetroot powder.

Among product type, conventional beetroot powder market is expected to witness considerable growth during forecast period 2019- 2026, attributed to versatile applications of the beetroot in various booming industries such as food and beverage and cosmetics industry. The food and beverage sector is the major consumer of beatroot powder..

Among end use industry, pharmaceutical industry is one of the major drivers for the growth of beetroot power market as it is predominantly used in the production of medicinal owing to For instance, according to Indian Brand Equity Foundation, the pharmaceutical industry in India was valued at USD 33 billion in 2017 and it is projected to reach USD 55 billion with a CAGR of 22.4% rate.

Regional Insights

North America is likely to lead global beetroot powder market during forecast period 2019-2026, owing to growing health consciousness, spending for healthy life style and increasing demand for organic products. For instance, as stated by Organic Trade Association (OTA), the sales of organic products, both food and non-food were valued at USD 46.23 billion in 2016 and it grew at 6.4% annually which accounts to UDS 49.4 billion in 2017.

Europe is expected to dominate the global beetroot powder market during forecast period 2019–2026. This is attributed to rising demand for beetroot powder from cosmetics industry, as beetroot powder is becoming essential ingredient in several cosmetic and personal care products. For instance, statistical information given by Cosmetic Europe the personal care association, Europe is largest market for cosmetic and personal care market which was valued USD 87.78 billion in 2017.

Asia Pacific is likely to witness a considerable growth for beetroot market in upcoming years, attributed to increasing demand for organic products and growing producers of the organic food, for instance, according to Research Institute of Organic Agriculture FiBL, India continues to be the highest number of producers i.e. 835200 and in addition to that, according to same sources, China's organic food market was valued at USD 6.67 in 2016.

Key Players

Some of the key players in the global Beetroot Powder market are NutraMarks, Inc. (United States), Super Sprout LLC (United States), Radiance Ltd., Yesraj Agro Exports Pvt. Ltd. (India), Bioglan (Australia), Ecuadorian Rainforest LLC. (USA), Z Natural Foods (USA), Nature's Way Products LLC. (USA), Botanical Ingredients Ltd. (United States), Marudhar Foods Private Limited (India), Organic Herb Inc. (China), Indigo Herbs (UK), Windmill Organics Ltd. (UK), Radiance Ltd. (United States) and others.

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Beetroot Powder Market Segmentation

By Product Type

Organic Beetroot Powder
Conventional Beetroot Powder
By end-use Industry

Food & Beverage
Pharmaceuticals
Cosmetics
By distribution channel

Online sale
Retail shops
Departmental store
Supermarket/Hypermarket
By packaging type

Cans
Bottle
Bags
Regions Covered

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA

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This release was published on openPR.