The Sweet Potatoes Global Market Report 2023, provides comprehensive information on the sweet potatoes market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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According to The Business Research Company’s Sweet Potatoes Global Market Report for 2023, the worldwide sweet potatoes market is projected to experience a noteworthy expansion, growing from $47.58 billion in 2022 to an estimated $48.89 billion in 2023. This growth is underpinned by a steady compound annual growth rate (CAGR) of 2.6%. It is imperative to acknowledge the geopolitical turmoil stemming from the Russia-Ukraine conflict, which has significantly impeded global economic recovery in the short term. This strife has instigated economic sanctions on numerous nations, triggered a notable upswing in commodity prices, and induced disruptions in global supply chains. Consequently, the market landscape has been marked by pervasive inflation across diverse sectors. Notwithstanding these challenges, the global sweet potatoes market is poised for robust expansion, with projections indicating a market size of $54.11 billion by 2027, sustained by the same 2.6% CAGR.
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Technological advancements constitute a pivotal and increasingly prominent trend within the sweet potatoes market. Prominent players within this industry are dedicating their efforts to pioneering groundbreaking products by harnessing cutting-edge technologies, thereby enhancing their market position and catering to evolving consumer demands. An illustrative example of this drive towards innovation occurred in September 2022 when a team of researchers hailing from the esteemed University of Pretoria (UP) made substantial strides in elevating the nutritional profile of sweet potatoes through the application of novel drying techniques. This innovative approach ingeniously marries microwave and infrared technologies, resulting in an unprecedented preservation of beta-carotene content within the sweet potatoes. The outcome of this groundbreaking research is the production of orange-fleshed sweet potatoes flour, which, as a rich source of vitamin A, holds significant promise for addressing nutritional deficiencies and enhancing the overall health and well-being of consumers. These advancements epitomize the marriage of tradition and innovation, breathing new life into a timeless staple of our culinary landscape.
The sweet potatoes market is segmented:
1) By Form: Whole Product, Processed Sweet Potatoes, Paste or Purees, Flour
2) By Type: Fresh, Frozen, Dried, Other Types
3) By Packaging Type: Bag, Pouches, Box, Tray, Other Packaging Types
4) By Nature: Conventional, Organic
5) By End User: Household, Food Service Sector, Food and Beverages Industry, Other Users
Asia-Pacific was the largest region in the sweet potatoes market in 2022.
The table of contents in TBRC’s sweet potatoes market report includes:
- Executive Summary
- Sweet Potatoes Market Characteristics
- Sweet Potatoes Market Trends And Strategies
- Sweet Potatoes Market – Macro Economic Scenario
- Sweet Potatoes Market Size And Growth
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- Africa Sweet Potatoes Market
- Sweet Potatoes Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Sweet Potatoes Market
- Sweet Potatoes Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- Black Gold Farms
- Scott Farms Inc
- Ham Farms
- Topashaw Farms
- Vick Family Farms
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