Press release
Sweet Potatoes Market 2024: Size, Trends, Opportunities, and Forecast Until 2033
Sweet Potatoes Market
The Business Research Company offers in-depth market insights through Sweet Potatoes Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The sweet potatoes market size has grown steadily in recent years. It will grow from $48 billion in 2023 to $49.34 billion in 2024 at a compound annual growth rate (CAGR) of 2.8%. The growth in the historic period can be attributed to growth in world population, growing awareness of sweet potatoes' health benefits, government initiatives and strong economic growth in emerging markets.
The sweet potatoes market size is expected to see steady growth in the next few years. It will grow to $54.22 billion in 2028 at a compound annual growth rate (CAGR) of 2.4%. The growth in the forecast period can be attributed to global population growth and urbanization, shift towards vegan eating, increasing investments and growing demand for plant-based products . Major trends in the forecast period include growing organic food crops, product innovations, technological advancements, strategic partnerships, increasing investments..
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Market Segmentation:
The sweet potatoes market covered in this report is segmented -
1) By Form: Whole Fruit, Processed Sweet Potatoes, Paste/Purees and Flour
2) By Type: Fresh, Frozen, Dried and Other Types
3) By Nature: Conventional and Organic
4) By Packaging Type: bag, pouches, tray, box and other packaging types
5) By End Users: Household, Food and beverages Industry, Food Service Provider and Other End Users
Major Driver - Sweet Potatoes Market Driven By Rising Demand For Plant-Based Foods
The increasing demand for plant-based food is expected to propel the growth of the Sweet potatoes market going forward. Plant-based foods can be incorporated into millet-based dishes in various ways to create nutritious and delicious meals. Sweet potatoes are a nutritious and versatile root vegetable, and incorporating plant-based foods into your diet that complement sweet potatoes can provide a range of health benefits. For instance, in December 2021, according to the Plant Based Foods Association, a US-based food association, plant-based food sales are rising, expanding 6.2% in 2021 over a record-breaking year of growth in 2020. Therefore, the increasing demand for plant-based food is driving the growth of the Sweet potatoes market.
Competitive Landscape:
Major companies operating in the sweet potatoes market report are Black Gold Farms, Scott Farms, Inc, Ham Farms, Topashaw Farms, Vick Family Farms,A.V. Thomas Produce, Inc, Nash Produce, LLC, Edmondson Farms, Jackson Farming Company, Sharp Farms Inc, Xian Shunyi Bio-Chemical Technology Co Ltd, Saipro Biotech Private Limited, China Star Food Group, Nestlé, The Sweet Potatoes Spirit Company, KP Snacks, Sacoma Sweet Potatoes, Aviko, Bidfood, AO Pogar Potato Factory, Mano Food, Solan S.A, Birds Eye Ltd, Lamb Weston, Jones Family Farms, McCain Foods Limited, Namakwaland Sitrus, Vapza, Intertropical Exotics, Marami food Industries Co, Fresh Leaf Foodstuff Trading LLC, Vegberry, Golden Dunes General Trading LLC, Wijhat Algetha, Langplaas Boerdery, Orange fleshed sweet potatoes, Potatoes South Africa, Kgarose Kgaros (Pty) Ltd
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Top Trend - Enhanced Nutritional Value Of Sweet Potatoes Through Advanced Drying Technology
Technological advancements are a key trend gaining popularity in the sweet potatoes market. Major companies operating in the sweet potatoes market are developing innovative products with advanced technologies to strengthen their position in the market. For instance, in September 2022, researchers at the University of Pretoria (UP) boosted the nutritive benefits of sweet potatoes with novel drying technology. The technology involves combining microwave and infrared applications, which results in higher retention of beta-carotene. The orange-fleshed sweet potatoes flour that is produced is a strong source of vitamin A.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Sweet Potatoes Market Characteristics
3. Sweet Potatoes Market Trends And Strategies
4. Sweet Potatoes Market - Macro Economic Scenario
5. Sweet Potatoes Market Size And Growth
…..
27. Sweet Potatoes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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