Beetroot Powder Market, by Product Type (Conventional, Organic, and Others), by Packaging (Cans, Bottles, Bags, and Others), by Application (Food, Cosmetics, Pharmaceuticals, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

The beetroot powder is made from beetroot vegetable. Beetroot is a round root vegetable available in red, white, yellow, or striped versions. Beetroot contains antioxidants, vitamins A, B6, and C, magnesium, iron, calcium, proteins, and soluble fibers. There are various benefits associated with beetroot powder such as it boosts stamina and muscle blood flow. It also regulates homocysteine as beetroot is high in betaine. Beetroot powder helps to maintain blood pressure and blood sugar level.

Market Dynamics

Increasing preference towards consumption of healthy food and beverages among the populace is expected to boost demand for beetroot powder over the forecast period. According to the U.S. National Institute of Health (NIH), beetroot consumption offers advantageous physiological effects that can translate to improved clinical outcomes for several pathologies such as hypertension, atherosclerosis, and dementia. Moreover, beetroot powder is used in the food and beverages industry as taste enhancer and natural coloring pigment. These factors are expected to propel the global beetroot powder market growth.

Market Outlook

Asia Pacific, North America, and Europe is expected to witness significant growth in the market, owing to increasing use of beetroot powder in various food products and significant growth in the food processing industry. For instance, in Australia, beetroot powder considered as an iconic ingredient of conventional Australian version of hamburger. It is also widely used in salads or added to pasta dishes. According to the Indian Department of Industrial Policies and Promotion (DIPP), food processing industry received US$ 7.54 billion worth of Foreign Direct Investment (FDI) during the period 2000-2017. Moreover, The Confederation of Indian Industry (CII) estimates that Indian food processing industry has a potential to attract US$ 33 billion of investment during 2017-2027.

Key Players

Key players operating in the global beetroot powder market include, Super Sprout LLC & Juices International Pty Ltd., Indigo Herbs Radiance Ltd., Mountain Rose Herbs, Nature's Way Products, Yesraj Agro Exports, Natures Aid Ltd., Changsha Vigorous Tech, Bioglan, Go Superfood, Botanical Ingredients Ltd., and Windmill Organics.

Market Taxonomy

On the basis of product type, the global beetroot powder market is segmented into:

  • Conventional
  • Organic
  • Others

On the basis of packaging, the global beetroot powder market is segmented into:

  • Cans
  • Bottles
  • Bags
  • Others

On the basis of application, the global beetroot powder market is segmented into:

  • Food
  • Cosmetics
  • Pharmaceuticals
  • Others

On the basis of region, the global beetroot powder market is segmented into:

  • North America
    • S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
  • Europe
    • K.
    • Germany
    • Italy
    • Spain
    • France
    • Poland
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • New Zealand
    • Japan
    • ASEAN
    • Australia
  • Middle East
    • Gulf Cooperation Council (GCC)
    • Israel
    • Rest of Middle East
  • Africa
    • Northern Africa
    • South Africa
    • Central Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
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Data Processing

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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