Sweet potatoes boast a vibrant orange hue due to their high beta-carotene content, making them a nutritional powerhouse. Beta-carotene, a potent antioxidant, plays a crucial role in shielding the body from oxidative stress and inflammation. These antioxidants contribute to overall health by reducing the risk of chronic diseases and supporting cellular well-being. Regular consumption of sweet potatoes can fortify the body's defense against free radicals, promoting a robust immune system and mitigating the impact of environmental factors. As a delicious and versatile food, sweet potatoes offer not only a burst of flavor but also a wealth of health benefits through their antioxidant-rich profile.
According to Data Bridge Market Research analyses the Global Sweet Potatoes Market is expected to reach USD 50,534.33 million by 2030, from USD 31,067.30 million in 2022 with a CAGR of 5.90% during the forecast period of 2023 to 2030.
"Rise in health awareness boosts the market growth"
The rise of health awareness among consumers has emerged as a key driver for the global sweet potato market. With an increasing focus on healthier dietary choices, sweet potatoes are gaining popularity due to their nutritional benefits, including high fiber content, vitamins, and antioxidants. Consumers are increasingly seeking nutritious alternatives to traditional starchy foods, driving the demand for sweet potatoes as a wholesome and versatile ingredient.
What restraints the growth of the global sweet potatoes market?
“High costs of sweet potatoes hinders the market growth”
The higher price of sweet potato products compared to potatoes can be attributed to several factors acting as constraints in the global sweet potatoes market. Sweet potatoes generally have higher production costs, including cultivation, labor, and storage expenses, leading to an increased overall cost of production. Sweet potatoes are more susceptible to environmental challenges, affecting their yield and availability.
Segmentation: Global Sweet Potatoes Market
The global sweet potatoes market is segmented on the basis of type, product type, nature, packaging type, end-user, and distribution channel.
- On the basis of type, the global sweet potatoes market is segmented into whole product, processed sweet potatoes, paste/purees, and sweet potato flour
- On the basis of product type, the global sweet potatoes market is segmented into fresh, frozen, dried, and others
- On the basis of nature, the global sweet potatoes market is segmented into organic and conventional
- On the basis of packaging type, the global sweet potatoes market is segmented into bag, pouches, box, tray, and others
- On the basis of end-user, the global sweet potatoes market is segmented into house-hold, food service sector, food and beverages industry, and others
- On the basis of distribution channel, the global sweet potatoes market is segmented into store-based retailing and online retail
Regional Insights: Asia-Pacific dominates the Global Sweet Potatoes Market
The Asia-Pacific region leads the global sweet potatoes market, projected to experience rapid growth at a CAGR of around 6.4%. This dominance is attributed to the region's status as the largest market for sweet potatoes, driven by increasing consumer awareness of their health benefits compared to regular potatoes. The progressive rise of the plant-based food market in Asia-Pacific further propels the demand for sweet potatoes due to their recognized nutritional value.
To know more about the study visit, https://databridgemarketresearch.com/reports/global-sweet-potatoes-market
The Prominent Key Players Operating in the Global Sweet Potatoes Market Include:
- Conagra Brands, Inc. (U.S.)
- Nash Produce (U.S.)
- Sweet Potato Spirit Company (U.K.)
- Ham Farms (U.S.)
- Dole Food Company, Inc. (Ireland)
- McCain Foods Limited (Canada)
- A.V. Thomas Produce (U.S.)
- Jackson Farming Company (U.S.)
- J.R. Simplot Company (U.S.)
- Idahoan Foods, LLC. (U.S.)
- KP Snacks (U.K.)
Above are the key players covered in the report, to know about more and exhaustive list of global sweet potatoes market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Sweet Potatoes Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
