Sweet Potato Market Scope
Sweet Potato belongs to the Plantae kingdom, it has a white topical color flesh which is sweetest in nature. These are also known as root vegetables used in various kinds of dishes. It is preferred due to its nutrition profile such as containing vitamin B6, vitamin C, manganese, and various other nutrients. Sweet potato is also famous for its anti-cancer properties. For Instance, It contain anthocyanins which are a group of antioxidants that slow down the growth of certain types of cancer cells including those of bladder, colon, stomach, and breast. Hence the rising demand from the agricultural sector in order to explore its potential for various uses such as starch production and animal feed is driving the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | AV Thomas Produce (United States), Dole Food Company Inc. (United States), Ham Farms (United States), Jackson Farming Company (United States), Lamb Weston Holdings, Inc. (United States), McCain Foods Limited (Canada), Nash Produce (United States), Simplot Food Group (United States), The Kraft Heinz Company (United States) and Yantai China Pet Foods Co., Ltd (China) |
CAGR | 5.9% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Sweet Potato market throughout the predicted period.
AV Thomas Produce (United States), Dole Food Company Inc. (United States), Ham Farms (United States), Jackson Farming Company (United States), Lamb Weston Holdings, Inc. (United States), McCain Foods Limited (Canada), Nash Produce (United States), Simplot Food Group (United States), The Kraft Heinz Company (United States) and Yantai China Pet Foods Co., Ltd (China) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Sweet Potato market by Type , by Application (Commercial Food Industry, Home Food and Feed Industry) and Region with country level break-up.
On the basis of geography, the market of Sweet Potato 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2021, Cardinal Foods LLC of Burgaw, NC, and Russet House of Huntingdon Quebec announced a joint venture in a processing facility in Burgaw, NC, to become one of the world’s largest, sweet potato fry manufacturers.
In March 2024, Jackson's unveiled its new Wavy Sweet Potato Kettle Chip Line in unique, savory flavors at the Natural Products Expo West 2024.
Influencing Trend:
Acceptance of Sweet Potato in Varieties of Dishes as a Side Platter and Implementation of Artificial Farming for the Cultivation of Sweet Potatoes
Market Growth Drivers:
The Growing Agriculture Industry in Both Developed and Developing Nation and Rising Awareness about the Benefits of Sweet is another Factor Driving the Market
Challenges:
Environmental Concerns Related to the Productivity of this Sweet Potato
Restraints:
Brexit Affecting Food and Vegetable Market in the United K
Opportunities:
Favorable Government Initiatives are Boosting the Growth of the Global Sweet Potato Market. and Rising Demand From Developed Countries such as North America
Key Target Audience
Sweet Potato Manufactures, Sweet Potato Distributors, Potential Investors and Others