(Food-Beverage-News.Com, November 15, 2017 ) Beetroot Powder Market was worth USD XX billion in 2017 and estimated to be growing at a CAGR of xx %, to reach USD XX billion by 2022. Beetroot has high sugar content as compared to other vegetables and is sometimes used as a sweetening substitute. Beetroot powder is obtained from dried beetroots by grinding or milling them. It is used to provide flavour and colour to variety of foods. It is a a source of betaine phytochemical which is important in the proper functioning of the cardiovascular system and helps liver and kidney to process amino acids.
Beetroot powder Market analysis is a source of potassium, phosphorus, chlorine, iodine, iron, magnesium, calcium, copper, sodium, Riboflavin, Thiamine, fibre and vitamins, being a good source of anti-oxidants. Beetroot powder have applications in food industry as it can be used in pasta sauce, blended with smoothie, to create muffins, making juice, as salad dressings etc.
One of the major market drivers for the market is the increasing urbanization and a rise in the disposable income earned by people. As a result there has been an increase in the demand for fast foods which in turn fuel the market growth. Due to the high nutritional level of the beetroot powder, people are switching to its powder form. Its use in the cosmetic industry has increased over the past few years due to its anti-oxidant property.
Beetroot Powder Market Segmentation by application, distribution channel, packaging and type. By application the market is segmented into food industry, pharmaceuticals and cosmetics. The demand for beetroot powder has increased immensely in the food industry due to its nutritional content. By distribution channel the market is classified into online sale, retail shops, departmental store and supermarkets. By packaging the market is divided into cans, bottle and bags. By type the market is analysed under Conventional and organic. On the basis of geography, the market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. Beetroot is a major crop produced in Russia, France, United States, Germany and Ukraine due to cold weather which is good for beetroot growth. Australia is the highest consumer of beetroot powder due to their tradition of using beetroot in food products such as burgers, slices etc.
Some of the major Beetroot Powder Market leaders are Yesraj Agro Exports Pvt. Ltd., Bioglan, Nature's Way Products LLC, Super Sprout LLC & Juices International Pty Ltd., NutraMarks, Inc., Radiance Ltd., Go Superfood, Natures Aid Ltd., and Botanical Ingredients Ltd.
Reasons to buy Global Beetroot Powder Market Research Report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of application, distribution channel, packaging and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
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