The beetroot powder market is experiencing significant growth, driven by increasing consumer awareness of the health benefits associated with beetroot. Beetroot powder, made from dehydrated and ground beetroots, is rich in essential nutrients, including vitamins, minerals, and antioxidants. It is widely used in dietary supplements, food and beverages, and cosmetics, making it a versatile and in-demand product.
The Beetroot Powder Market size was valued at USD 0.51 billion in 2022. The industry is projected to grow from USD 0.54 billion in 2023 to USD 0.79 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.00% during the forecast period from 2023 to 2032.
Market Overview
The global beetroot powder market has seen substantial expansion over the past few years. This growth is largely attributed to a shift towards healthier lifestyles and the rising popularity of natural and organic products. Consumers are increasingly seeking functional foods that offer health benefits beyond basic nutrition, and beetroot powder fits this demand perfectly.
Key Players are:
NutraMarks Inc.(United States), Super Sprout LLC (United States), Yesraj Agro Exports Pvt. Ltd. (India), Bioglan (Australia), Ecuadorian Rainforest LLC. (USA).
Read More: https://www.marketresearchfuture.com/reports/beetroot-powder-market-12512
Market Outlook
The market outlook for beetroot powder is highly positive. Analysts predict continued growth driven by several factors:
Health Benefits: Beetroot powder is known for its potential to improve cardiovascular health, enhance athletic performance, and support liver function. These health benefits are driving consumer demand, particularly among health-conscious individuals and athletes.
Convenience: Beetroot powder offers the nutritional benefits of fresh beets in a convenient, easy-to-use form. This convenience factor is appealing to busy consumers looking for quick and healthy food options.
Versatility: The powder can be easily incorporated into a variety of products, including smoothies, baked goods, soups, and sauces, enhancing its market appeal.
Natural Coloring Agent: Beetroot powder is also used as a natural coloring agent in the food and beverage industry, providing an alternative to synthetic colorants.