Global Sweet Potatoes Market Set For 2.4% Growth, Reaching $54.22 Billion By 2028

The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-limited time only!

What Is the Anticipated Growth Rate of the Global Sweet Potatoes Market?

The sweet potatoes market has seen steady growth in recent years. Market size is projected to climb from $48 billion in 2023 to $49.34 billion in 2024, indicating a compound annual growth rate CAGR of 2.8%. This growth in the historical period has been driven by increased world population, heightened awareness of sweet potatoes' health properties, government initiatives and robust economic growth in emerging markets. As the global commitment to plant-based diets and sustainable farming intensifies, we expect to see the value of the sweet potatoes market reach an impressive $54.22 billion by 2028.

For a peak into the detailed study, request a sample here: https://www.thebusinessresearchcompany.com/sample.aspx?id=9528&type=smp

What Is the Main Growth Driver of the Sweet Potatoes Market?

The increasing demand for plant-based food is expected to propel the growth of the sweet potatoes market going forward. With their nutritious profile and versatility, sweet potatoes can be incorporated in various plant-based dishes to create meals that are not just delicious but also rich in essential nutrients. For instance, in December 2021, plant-based food sales expanded by 6.2% according to the Plant Based Foods Association, a US-based food association. This drive towards plant-based food consumption is fuelling the growth of the sweet potatoes market.

Want to know more? Access full report here: https://www.thebusinessresearchcompany.com/report/sweet-potatoes-global-market-report

Who Are the Key Players In the Sweet Potatoes Market?

Leading companies operating in the sweet potatoes market include 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, among others. These companies have made significant contributions to the growth and advancements within the industry.

How are Technological Advancements Impacting the Sweet Potatoes Market?

Technological advancements are a key trend gaining popularity in the sweet potatoes market. Major players are incorporating cutting-edge technologies in their operations to enhance 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. This involves a combination of microwave and infrared applications that results in higher retention of beta-carotene, producing orange-fleshed sweet potatoes flour that's a robust source of vitamin A.

How is the Global Sweet Potatoes Market Segmented?

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: bags, pouches, trays, boxes, and other packaging types
5 By End Users: Household, Food and beverages Industry, Food Service Provider, and Other End Users

What are the Regional Insights of the Global Sweet Potatoes Market?

In 2023, the Asia-Pacific region led the charts in the sweet potatoes market. However, the market report provides insights spanning different regions including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports across 27 industries, covering over 60 geographies. These reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

This release was published on openPR.