Market Analysis and Insights: Global Sweet Potatoes Market
Sweet potatoes market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.5% in the forecast period of 2021 to 2028 and is expected to reach USD 47,361.13 million by 2028. The high demand of the sweet potatoes and the emerging economy accelerate the growth of the sweet potatoes market.
Sweet potatoes are a type of root vegetable that are sweet in taste and consist of starch. Sweet potatoes are fibrous in nature and are very much dense in nutrition and minerals. Sweet potatoes are also known to have various health benefits such as they improve digestion and support gut health.
The growth of the industries with the rising awareness of manufacturers as well consumers for the benefits of sweet potatoes drives the sweet potatoes market growth. Increased tariff charges will increase the overall cost of production of the sweet potato product manufacturers in the world, which in result is restraining the growth of the overall sweet potatoes market across regions. Globally, the trade of sweet potatoes has been increasing constantly which will support the growth and development of the market across regions acting as an opportunity for the sweet potatoes market growth. The weather fluctuations and specific temperature requirement of the sweet potatoes has been a reason for the decreased production of sweet potatoes across regions, hence creating a major challenge in the growth of the sweet potatoes market.
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Sweet Potatoes Market Scope and Market Size
The sweet potatoes market is segmented on the basis of the type, product type, nature, packaging type, end user and distribution channel. 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 type, the sweet potatoes market is divided into sweet potato flour, whole products, processed sweet potatoes and paste/purees. In 2021, whole products segment is anticipated to dominate the sweet potatoes market due to growing demand of convenient food in the market.
· On the basis of product type, the sweet potatoes market is divided into fresh, frozen, dried and others. In 2021, fresh segment is anticipated to dominate the sweet potatoes market due to their convenience and wide usage across sectors.
· On the basis of nature, the sweet potatoes market is divided into conventional and organic. In 2021, conventional segment is anticipated to dominate the sweet potatoes market due to their convenience and economical production cost to the manufacturers.
· On the basis of packaging type, the sweet potatoes market is divided into bag, tray, box, pouches and others. In 2021, bag segment is anticipated to dominate the sweet potatoes market due to multiple packaging size and material options available for the segment.
· On the basis of end user, the sweet potatoes market is divided into food & beverages industry, food service provider and house-hold. In 2021, house-hold segment is anticipated to dominate the sweet potatoes market due to growing awareness of consumers for various health benefits of sweet potatoes.
· On the basis of distribution channel, the sweet potatoes market is divided into store-based retailing and online retail. In 2021, store-based retailing segment will dominate the sweet potatoes market for their vast spread network and their easy availability in every corner of the country.
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Global Sweet Potatoes Market Country Level Analysis
Global sweet potatoes market is analyzed and market size information is provided by the country, type, product type, nature, packaging type, end user and distribution channel as referenced above.
The countries covered in the global sweet potatoes market report are the U.S., Canada, Mexico, Germany, France, U.K., Belgium, Italy, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, UAE, Kuwait and rest of Middle East and Africa.
China is dominating in the Asia-Pacific sweet potatoes market growing with the highest CAGR due to the emerging opportunities in vegetarian food and higher production and consumption of processed food in conventional segment due to the consumer’s preference which has boosted the sweet potatoes market in the region. The U.S. is dominating in the North America sweet potatoes market due to majority of production and consumption in conventional segment in the states. Germany is dominating in the Europe sweet potatoes market due to the growth of foodservice sectors with conventional segment which will also result in a healthy and escalated market for sweet potatoes in the region.
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Competitive Landscape and Sweet Potatoes Market Share Analysis
The sweet potatoes market competitive landscape provides details by 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 global sweet potatoes market.
The major players covered in the global sweet potatoes market report are KP Snacks, Conagra Brands, Inc., Nash Produce, Sweet Potato Spirit Company, Ham Farms, Dole Food Company Inc., McCain Foods Limited, Carolina Innovative Food Ingredients, The Kraft Heinz Company, A.V. Thomas Produce, Jackson Farming Company, Lamb Weston Holdings, Inc., J.R. Simplot Company, Jackson's Honest, Urban Platter, Nestlé, Idahoan Foods, LLC, Aunt Bessies Limited among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Business Expansion for Future Growth is Creating New Opportunities for Global Sweet Potatoes Market
The sweet potatoes market also provides you with detailed market analysis for every country growth in particular industry with sweet potatoes sales, impact of business expansion in the sweet potatoes and changes in regulatory scenarios with their support for the sweet potatoes market. The data is available for historic period 2011 to 2019.
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