Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 477.5 Million | USD 755.86 Million | 4.7% | 2024 |
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 global beetroot powder market is expected to grow due to rising demand for natural food colorants, increasing health-conscious consumers, growing applications in functional foods and beverages, and expanding vegan and clean-label trends.
According to a study, the global beetroot powder market size was worth around USD 477.5 Million in 2024 and is expected to reach USD 755.86 Million by 2034.
The global beetroot powder market is expected to grow at a CAGR of 4.7% during the forecast period.
North America is expected to dominate the beetroot powder market over the forecast period.
Leading players in the global beetroot powder market include Biofinest, Bioglan, Nature’s Way Products LLC, UpBiet, NutraMarks Inc., Radiance Ltd., Go Superfood, Natures Aid Ltd., Botanical Ingredients Ltd, Terrasoul Superfoods, among others.
The report explores crucial aspects of the beetroot powder market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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