About Horseradish Powder
Horseradish is a root vegetable with a heavy flavor and aroma. Horseradish is often consumed in limited quantities, so a regular serving is low in calories but high in minerals and plant compounds. Prepared horseradish contains 48 calories per 100 grams and is rich in vitamin C with a low sodium level. Horseradish powder has antibacterial, antifungal, and cold-relieving properties, as well as aiding in the treatment of respiratory ailments. Horseradish powder is used as a spice and in the preparation of sauces for meat or fish.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.3% |
There are a lot of private limited players in this market. Local players generally dominate this market. Cost-effectiveness is necessary to survive in this market which could be achieved by taking advantage of economies of scale. The market is completely dependant on the quality of raw Horseradish for the quality production of Horseradish Powder. Targeting non-residential customers could be a good strategy in this market. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Horseradish Powder market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Savory Spice, Spice Jungle (United States), Bay Spice Company (United States), Burmaspice, Best Botanicals (United States), Silver Spring Foods Inc. (United States), Dalian Tianpeng Food Co., Ltd. (China), Liaoning He Feng Foods Co., Ltd. (China), Sigma Enterprises (India) and SM Foods (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Horseradish Powder market by and Region.
On the basis of geography, the market of Horseradish Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Horseradish Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Plastic will boost the Horseradish Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Supermarket/Hypermarkets will boost the Horseradish Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Horseradish Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Innovating Marketing on The Packaging of The Horseradish Powder
Market Growth Drivers:
The demand for Horseradish Powder Due to Its High Nutritional Content and Need of Horseradish Powder for Making Various Sauce
Challenges:
Production of Horseradish Powder Is Completely Dependant of Quality of Horseradish Produce
Restraints:
Lack of Awareness About the Health Benefits of Horseradish Powder
Opportunities:
High Demand of Horseradish Powder Form Hotels and Restaurants and Adoption of Horseradish Powder in Many Dishes Will Boost Its Demand
Market Leaders and their expansionary development strategies
In March 2022, Intel, Microsoft Partner for Fully Homomorphic Encryption Development, The chip company will work with Microsoft to drive fully homomorphic encryption (FHE) development. As a DPRIVE contributor, Intel will design an application-specific integrated circuit (ASIC) accelerator to reduce the performance overhead associated with FHE, the company said. The accelerator could improve FHE workload execution over existing CPU-driven systems and reduce cryptograms' processing time by five orders of magnitude.
In July 2023, Capilano Honey Ltd. Has Launched Capilano Active Manuka Honey MGO 100+ and Capilano Active Honey MGO 550+. These variants contain the bioactive ingredient methylglyoxal (MGO), which is responsible for the honey’s antibacterial, anti-inflammatory, and wound-healing properties.
According to US labeling regulations, to export the food to the US, the following details are compulsory -Name of food/product, Country of origin for the product, Ingredient’s information, English language labeling, Food allergens, and Any chemicals/food additives used.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Horseradish Powder Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.