Press release
Sales of Sweet Potato Flour are forecasted to reach US$ 1.34 billion by 2034
Sweet Potato Flour
The sweet potato flour market has witnessed significant growth in recent years, driven by increasing consumer demand for gluten-free, nutritious alternatives to traditional flours. This research report provides a comprehensive analysis of the sweet potato flour market, including market trends, drivers, restraints, opportunities, and competitive landscape.
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The sweet potato (Ipomoea batatas) is a versatile crop known for its nutritional value and adaptability to various climatic conditions. Sweet potato flour, derived from dried sweet potatoes, has gained popularity as a gluten-free, nutrient-rich alternative to traditional wheat flour. With the rising prevalence of gluten intolerance and increasing consumer awareness of health benefits associated with alternative flours, the sweet potato flour market has experienced robust growth globally.
This section provides an overview of the sweet potato flour market, including market size, growth rate, and key market trends. It examines the historical and forecasted market performance, highlighting factors driving market growth and challenges faced by industry players.
Top Companies are Urban Platter, Shaanxi Undersun Biomedtech Co. Ltd., SACOMA, Saipro Biotech Private Limited, Barry Farm Foods, Hearthy Foods, Milne MicroDried, Azuri Health Ltd., Live Glean, Xian Shunyi Bio-Chemical Technology Co. Ltd., FutureCeuticals Inc., Carolina Innovative Food Ingredients Inc., Bulk Powders, Shree Biotech, YT (Xi'an) Biochem Co. Ltd.
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Market Dynamics:
Drivers:
Growing demand for gluten-free products
Increasing consumer preference for natural and organic ingredients
Rising awareness of health benefits associated with sweet potatoes
Expansion of food processing industry
Restraints:
Limited availability of raw materials in certain regions
Price fluctuations due to seasonal variations in sweet potato production
Challenges related to processing and storage
Opportunities:
Emerging markets in developing countries
Product innovation and diversification
Strategic partnerships and collaborations
Market Segmentation:
The study divulges essential insights on the market based on nature (organic conventional), distribution channel (business-to-business, business-to-consumer), and end use (food & beverage industry, foodservice industry, nutraceuticals, retail/households), across six major regions of the world (North America, Europe, Latin America, East Asia, South Asia & Oceania, and MEA).
Regional Analysis:
North America accounts for a significant share of the global sweet potato flour market, driven by the increasing consumer demand for gluten-free and healthier food alternatives. The United States, in particular, is a major producer and consumer of sweet potato flour, with a growing number of food manufacturers incorporating it into their products.
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Competitive Landscape:
The competitive landscape of the sweet potato flour market is characterized by the presence of several players, including both multinational corporations and regional manufacturers. This section profiles the leading companies, their product portfolios, recent developments, and strategies adopted to gain a competitive edge in the market.
Recent News
In May 2021, Edward & Sons, a renowned supplier of natural and vegetarian food products, announced the launch of two new better-for-you flour products under its Let's Do Organic brand.
Read More@ https://www.globenewswire.com/news-release/2023/12/14/2796026/0/en/Sweet-Potato-Flour-Market-to-Achieve-US-1-34-Billion-with-a-4-6-CAGR-by-2034-Fact-MR-Study.html
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