PUBLISHER: KBV Research | PRODUCT CODE: 1555921
PUBLISHER: KBV Research | PRODUCT CODE: 1555921
The Latin America, Middle East and Africa Beetroot Powder Market would witness market growth of 10.7% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 405.9 Tonnes, showcasing a growth of 8.9% (2024-2031).
In the Beetroot Powder Market, Nutraceuticals & Dietary Supplements represent a significant application due to the growing consumer demand for health-enhancing products. Beetroot powder is highly valued in this sector for its rich nutritional profile, including antioxidants, vitamins, and minerals. It is often used to formulate dietary supplements aimed at supporting cardiovascular health, improving athletic performance, and boosting overall wellness. Thus, the Nutraceuticals & Dietary Supplements in Brazil market consumed 30.08 Tonnes in 2023.
The Brazil market dominated the LAMEA Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $15,629.2 Thousands by 2031. The Argentina market is showcasing a CAGR of 11.6% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 10.4% during (2024 - 2031).
Its high antioxidant content makes it an appealing ingredient for natural skincare products. Antioxidants are essential for safeguarding the epidermis from environmental damage, reducing inflammation, and combating oxidative stress. As a result, this powder is being incorporated into products such as face masks, scrubs, and lotions, where its anti-aging and anti-inflammatory properties are valued.
However, despite its promising growth, this market faces several challenges. One of the key obstacles is the product's distinct taste and texture, which may not appeal to all consumers. Beetroot has a strong, earthy flavor that can be polarizing, making it difficult for manufacturers to market it as an ingredient for everyday use in foods and beverages. Moreover, when mixed with liquids, this powder can sometimes result in a gritty or unpleasant texture, further limiting its appeal as a convenient supplement.
In the United Arab Emirates (UAE), the market for this powder is booming because of the expansion of the fitness and wellness industry. With a rising focus on physical health and performance, this powder is increasingly incorporated into sports nutrition products. Its ability to boost endurance and improve blood flow has made it popular among athletes and fitness enthusiasts. Pre-workout drinks and energy boosters containing this powder are widely available, particularly in fitness centers and health-focused retail stores in cities like Dubai. The UAE's growing wellness sector creates more opportunities for natural performance-enhancing products like this powder. Therefore, the region will present lucrative opportunities for market growth.
Based on Product, the market is segmented into Conventional, and Organic. Based on Application, the market is segmented into Food & Beverage, Nutraceuticals & Dietary Supplements, Cosmetics & Personal Care, and Other Applications. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores, Online, and Other Distribution Channels. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA Beetroot Powder Market Report Segmentation
By Product (Volume, Tonnes, USD Million, 2020-2031)
By Application (Volume, Tonnes, USD Million, 2020-2031)
By Distribution Channel (Volume, Tonnes, USD Million, 2020-2031)
By Country (Volume, Tonnes, USD Million, 2020-2031)