Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 450 Million | USD 691 Million | 5.5% | 2022 |
FrequentlyAsked Questions
Beetroot is also known as red beet, golden beet, table beet, and garden beet. Beetroot is used as a sweetening agent as it has more sugar than other vegetables. When the dried beetroot is grinded or milled beetroot powder is obtained. The beetroot powder offers flavor and color to several food products. The beetroot powder consists of betaine phytochemical which is helpful for the proper functioning of the cardiovascular system and also helps in processing the amino acids by the kidney and the liver. Beetroot powder is a source of phosphorus, iodine, magnesium, copper, riboflavin, fiber, potassium, chlorine, iron, calcium, sodium, thiamine, and vitamins.
The demand for beetroot powder is primarily being driven by the numerous uses for the product in a variety of industries around the globe, including the cosmetics, pharmaceutical, and food and beverage sectors.
According to the report, the global market size was worth around USD 450 million in 2022 and is predicted to grow to around USD 691 million by 2030.
The global beetroot powder market is expected to grow at a CAGR of 5.5% during the forecast period.
The global beetroot powder market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the increasing health consciousness and rising spending of the population for healthy lifestyles.
The global beetroot powder market is dominated by players like Vinayak Corporation, VedaOils.com, Drytech Industries, Farmvilla Food Industries Private Limited, Venus Dehydrates, Greenjeeva, Garon Dehydrates Private Limited, 3D Masale, Z-COMPANY, Himrishi Herbal, Cosmo Foods, BakeRite, GRIFFITH OVERSEAS PVT. LTD., Herbal Creative, Jeeva Organic Pvt. Ltd. and ROYAL NUT COMPANY among others.
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