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Global Sweet Potatoes Market: Steady Growth, Key Players, and Future Trends
Sweet Potatoes Market Size
What Is The Projected Market Size Of The Global Sweet Potatoes Market And Its Growth Rate?
The sweet potatoes market exhibits a steady growth pattern:
• Growth from $48.92 billion in 2024 to $50.31 billion in 2025 (CAGR of 2.8%).
• Expected growth to $56.21 billion in 2029 (CAGR of 2.8%).
Factors influencing the growth include global population growth, urbanization, vegan dietary shifts, and increasing investments in plant-based products.
What Is Driving The Growth In The Sweet Potatoes Market?
An increasing demand for plant-based food elements is a significant driver for the growth of the sweet potatoes market. Sweet potatoes are nutritious and versatile root vegetables, acting as key elements in a variety of delicious and healthy plant-based meals. For instance, according to USA Today in August 2023, the U.S. restaurant industry made an additional $166.5 billion in sales in 2022 compared to 2021, demonstrating a strong demand for plant-based food and contributing to the growth of the sweet potatoes market.
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Who Are The Key Players Driving Sweet Potatoes Market Growth?
Key players 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 and more.
What Are The Key Trends In The Sweet Potatoes Market?
Key trends in the forecast period include:
• Growing organic food crops
• Product innovations
• Technological advancements
• Strategic partnerships
• Increasing investments
What Are The Segments Of The Global Sweet Potatoes Market?
The market segments for sweet potatoes include:
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
Which Region Leads The Sweet Potatoes Market?
Asia-Pacific led the global sweet potatoes market in 2024. Factors such as growing population and urbanization, cultural consumption patterns, and strong economic growth in the region contribute to its leading status.
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What Is Covered In The Sweet Potatoes Market Global Market Report?
- Market Size Analysis: Analyze the Sweet Potatoes Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Sweet Potatoes Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Sweet Potatoes Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Sweet Potatoes Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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