In this comprehensive Sweet Potatoes Market analysis, we delve into an extensive survey of pivotal market players, encompassing vital objectives such as organizational profiling, product delineation, production volume, raw material requisites, and financial robustness. It unravels the market's definition, classifications, applications, engagements, and global industry trends, shedding light on the entirety of market dynamics. Our report meticulously dissects market trends, scrutinizing the impact of buyers, consumers, substitutes, new market entrants, competitors, and suppliers.

Anticipated growth looms over the Sweet Potatoes Market in the forecast period, propelled by escalating end-user demand. Our geographical scope spans North America, South America, Europe, Asia-Pacific, and Middle East & Africa, enriching the depth of our market analysis. We identify recent advancements, market shares, and strategies adopted by key market players. The data underpinning this exceptional market report is gleaned from credible sources, including company websites, white papers, journals, and industry mergers. Furthermore, our report calculates market size and revenue generated from sales, providing a holistic view of the Sweet Potatoes Market landscape.

Data Bridge Market Research analyses that the sweet potatoes market is expected to reach USD 50,534.33 million by 2030, from USD 31,067.30 million 2022 with a CAGR of 5.90% during the forecast period of 2023 to 2030.

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Definition

Sweet potatoes are a type of root vegetable with a sweet flavor and a starchy texture. Sweet potatoes have a fibrous texture and are incredibly nutrient and mineral dense. Additionally, sweet potatoes enhance digestion and support gut health, among other advantages. Sweet potatoes are naturally anti-inflammatory and rich in antioxidants. Additionally, sweet potatoes come in various hues, including purple, orange, and other. Sweet potatoes are preferred in many functional foods and baby food products because they are rich in a variety of vitamins and minerals. Sweet potatoes are used in many different ways across regions.

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Key Growth Drivers:

  • Rise of Health Awareness among Consumers

Consumers are now more conscious of their health due to their changing lifestyles, so they are paying closer attention to what they have to eat. This alteration has increased consumers' popularity of plant-based, low-calorie, sugar-free, dairy-free, and gluten-free foods.

Growing rates of non-communicable diseases like cardiovascular disease, diabetes, cancer, obesity, and overweight among consumers contribute to this change in the population.

  • Increasing Consumption of Processed Food

The market consumption trend towards processed food has been driven by people's changing lifestyles and hectic schedules. The unfortunate global spread of the coronavirus has caused this consumption to rise even further. Because of the rise in consumption, businesses have been forced to develop new products and healthier alternatives. Despite all the innovations, sweet potatoes are the only ones used as an ingredient in processed foods.

  • Growing Market for Foodservice in the Sweet Potato Sector

Any food-related trend in the market is not just limited to producers of food and beverages. The movement spreads across industries and results in fresh ideas. Foodservice sectors have been incorporating this change in their strategic advancements as the food and beverage sector has seen progressive growth in the consumption and demand for sweet potato products. Many food service businesses have been introducing new products based on sweet potatoes as an ingredient in various regions.

The report emphasizes the participation of key entities, notably:

  • 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)
  • V. Thomas Produce (U.S.)
  • Jackson Farming Company (U.S.)
  • R. Simplot Company (U.S.)
  • Idahoan Foods, LLC. (U.S.)
  • KP Snacks (U.K.)

Key Market Perspectives:

  • Thorough examination of prevailing market tendencies
  • Updates on the latest product advancements and innovations
  • Sweet Potatoes market's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
  • Strategies and activities of prominent players and brands in the field
  • Insights into the industry landscape for emerging participants

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Key Market Segmentation

By Type (Whole Product, Processed Sweet Potatoes, Paste/Purees, and Sweet Potato Flour), Product Type (Fresh, Frozen, Dried, and Others), Nature (Organic and Conventional), Packaging Type (Bag, Pouches, Box, Tray, and Others), End User (House-hold, Food Service Sector, Food and Beverages Industry, and Others) Distribution Channel (Store-Based Retailing and Online Retail)

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