Global Sweet Potato Powder Market, By Sweet Potato Type (Beauregard, Jewel, Covington, Red Garnet, Okinawan, Japanese Sweet Potatoes, and Others), Color Of Powder (Light Orange, White And Cream, Light Purple, and Light Yellow), Nature (Non-GMO, and GMO), Category (Conventional and Organic), Product Type (Standard/Regular and Customized), Drying Method (Air Drying, Drum Drying, Spray Drying, Freeze Drying, Tray Drying, and Others), Claim (Sulphite Free, Preservatives Free, Kosher, Carrier Agent Free, Color Free, and Others), Application (Food and Beverages, Dietary and Nutritional Supplements, Personal Care, Pet Food and Sports Nutrition), Country (U.S., Canada, Mexico, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific, Germany, Spain, France, Italy, U.K., Belgium, Netherlands, Switzerland, Russia, Turkey, Rest of Europe, Saudi Arabia, South Africa, Kuwait, U.A.E., Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Sweet Potato Powder Market
The global sweet potato powder market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 3.8% in the forecast period of 2022 to 2029 and is expected to reach USD 955.96 million by 2029. The high demand for sweet potato powder and the emerging economy may accelerate the market's growth.
Sweet potato powder is made by drying and smashing sweet potatoes with various tools and techniques and then sold with the highest safety standards endorsed by international certifications, such as BRC, HACCP. Sweet potato powder is also known to have various health benefits, such as they improve digestion and supporting gut health. Sweet potato powder is also anti-inflammatory in nature and consists of various anti-oxidants. Sweet potato powder is also available in various colors such as purple, orange, and others. Since sweet potato powder is rich in various vitamins and minerals, they are also preferred in various functional foods and baby food products. Sweet potato powder across regions is used for various applications such as food, dietary, nutritional supplements, personal care, and sports nutrition.
Various nutritional benefits of sweet potatoes are expected to propel market growth. Growing tariff charges on sweet potatoes may restrain the market growth. The growing market of functional food and dietary supplements may create new opportunities for market growth. Unfavorable environmental conditions are expected to challenge market growth.
The global sweet potato powder market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
Global Sweet Potato Powder Market Scope and Market Size
The global sweet potato powder market is segmented based on sweet potato type, color of powder, nature, category, product type, drying method, claim, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of sweet potato type, the global sweet potato powder market is divided into seven segments, beauregard, jewel, covington, red garnet, okinawan, Japanese sweet potatoes, and others. In 2022, the Beauregard segment is anticipated to dominate the global sweet potato powder market due to the growing application demand of Beauregard sweet potato powder and various advantages over others.
- On the basis of color of powder, the global sweet potato powder market is divided into four segments, light orange, white and cream, light purple, and light yellow. In 2022, the light orange segment is anticipated to dominate the global sweet potato powder market due to the huge availability of various oregano color varieties.
- On the basis of nature, the global sweet potato powder market is divided into non-GMO and GMO. In 2022, the non-GMO segment is anticipated to dominate the global sweet potato powder market due to increased demand for non-GMO food among consumers.
- On the basis of category, the global sweet potato powder market is divided into conventional and organic. In 2022, the conventional segment is anticipated to dominate the global sweet potato powder market due to its affordable prices and easy availability.
- On the basis of product type, the global sweet potato powder market is divided into standard/regular and customized. In 2022, the standard/regular segment is anticipated to dominate the global sweet potato powder market due to the lack of customization by major operating players.
- On the basis of drying method, the global sweet potato powder market is divided into six segments air drying, drum drying, spray drying, freeze drying, tray drying, and others. In 2022, the air drying segment is expected to dominate the sweet potato powder market due to traditional and cost-consuming methods compared to others.
- On the basis of claim, the global sweet potato powder market is divided into six segments sulphite free, preservatives free, kosher, carrier agent free, color free, and others. In 2022, the sulphite free segment will dominate the sweet potato powder market owing to the increased awareness about the side effects of chemical-based sweet potato powder.
- On the basis of application, the global sweet potato powder market is divided into food and beverages, dietary and nutritional supplements, personal care, pet food, and sports nutrition. In 2022, the food and beverages segment is expected to dominate due to the growing application of sweet potato powder for food purposes.
Global Sweet Potato Powder Market Country Level Analysis
The global sweet potato powder market is analyzed, and market size information is provided based on country, sweet potato type, color of powder, nature, category, product type, drying method, claim, and application.
Countries included in global sweet potato powder market are U.S., Canada, Mexico, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific, Germany, Spain, France, Italy, U.K., Belgium, Netherlands, Switzerland, Russia, Turkey, Rest of Europe, Saudi Arabia, South Africa, Kuwait, U.A.E., Rest of Middle East and Africa.
China is expected to dominate the Asia-Pacific market due to increased demand for vegan bakery products. Increased awareness about the health benefits of plant-based and vegan diets is expected to increase the demand for sweet potato powder in the U.S. increasing demand for sweet potato powder for various applications such as cosmetics in the U.K. is expected to help the market grow in the country.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Business Expansion is an Opportunity for Global Sweet Potato Powder Market
The global sweet potato powder market also provides you with detailed market analysis for every country's growth in a particular industry with Sweet potato powder sales, the impact of business expansion in the Sweet potato powder, and changes in regulatory scenarios with their support for the Sweet potato powder market. The data is available for the historical period 2011 to 2020.
Competitive Landscape and Global Sweet Potato Powder Market Share Analysis
The global sweet potato powder market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and source lifeline curve. The above data points provided are only related to the company's focus related to the global sweet potato powder market.
Some of the major players covered in the report are Xinghua Lianfu Food Co.,Ltd, Nutraonly (Xi'an) Nutritions Inc, Essex Food Ingredients, Xian Shunyi Bio-Chemical Technology Co.,Ltd, Van Drunen Farms, Milne MicroDried, Aminola, Foodchem International Corporation, Hearthy Foods, North Bay Trading Co., SACOMA SWEET POTATOES, Saipro Biotech Private Limited, Sinofi Ingredients (A Subsidiary of Shanghai Bichain Industrial Chemical), VLLOW FOOD PRODUCTS PRIVATE LIMITED, Undersun Biomedtech Co.,Ltd, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches and agreements are also initiated by the companies worldwide, which also accelerates the global sweet potato powder market.
For instance,
- In 2020, Aminola launched a fresh, modern graphic design with better navigation, which provides easier access to more information on the company, products, and other services. This development will increase the customer base of the company
The exhibition, partnership, joint ventures, and other strategies by the market player enhance the company market in the global sweet potato powder market, which also benefits the organization to improve their offering for palatability modifiers.
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