The new report by Expert Market Research titled, ‘Global Sweet Potato Flour Market Report and Forecast 2023-2028’, gives an in-depth analysis of the global sweet potato flour market size, assessing the market based on its segments like origins, types, distribution channels, end uses, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 4.7%
The high nutritional content of sweet potatoes is leading to heightened application of the product in the food and beverage industry. The increasing inclination towards health, fitness and athletics is further boosting the popularity of sweet potatoes.
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Moreover, the growing craze of sweet potato-based cuisines, such as Mediterranean baked sweet potato, is generating a significant demand for sweet potato flour from hotels, restaurants, and pubs, among others. In terms of region, the Asia Pacific region accounts for a significant share of the market owing to the high demand for sweet potatoes in countries with high population, such as India and China.
Sweet Potato Flour Industry Definition and Major Segments
Sweet potato flour is defined as a type of flour which is obtained from ground sweet potatoes. The protein content of the product is low and is a good source of resistance starch. It is extensively used in condiments and as a food thickener. This flour also compliments various cuisines.
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On the basis of origin, the market can be segmented into:
Based on type, the market has been segmented into:
- Yellow Sweet Potato
- White Sweet Potato
- Purple Sweet Potato
By distribution channel, the market has been bifurcated into:
- Direct Sales
- Indirect Sales
- Supermarkets and Hypermarkets
- Convenience Stores
- Speciality Store
Based on end use, the market has been segmented into:
- Food and Beverages
- Bakery and Snacks
- Infant Food
- Dressings and Sauces
- Feed Industry
The regional markets for sweet potato flour include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Sweet Potato Flour Market Trends
The key trends in the sweet potato flour market include the growing expansion of the e-commerce industry, which is bolstering the sales of sweet potato flour and its downstream products. In addition to this, the growing investments in the promotion of sweet potato-based dishes across food delivery platforms are further boosting the demand for the product.
Moreover, the increasing inclination towards plant-based nutrition owing to the growing awareness about the benefits and increasing trend of veganism is likely to lead to acceptance of sweet potato as a nutrient rich diet. The growing research and development activities in the nutraceutical industry are likely to be the crucial trends in the market.
Key Market Players
The major players in the market are:
- Glean, LLC
- Saipro Biotech Private Limited
- Azuri Health Ltd
- Sacoma Sweet Potatoes
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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