Global Root and Tuber Crop Market - 2023-2030

Global Root and Tuber Crop Market - 2023-2030

Global Root and Tuber Crop Market reached US$ 1.6 billion in 2022 and is expected to reach US$ 2.2 billion by 2030, growing with a CAGR of 4.6 % during the forecast period 2023-2030.

The global root and tuber crop market has witnessed significant growth and transformations over the years, in various developing countries consumers are highly adopting the processed products of roots and tubers, they are also highly used in animal feed as they are rich in carbohydrates also help in enhancing the digestive health and palatability. Hence, such factors help in driving the global root and tuber crop market.

Furthermore, the demand for root and tubers is increasing, For instance, according to a Eurostat report, France produced 34.4 million tonnes of sugar beet in 2021, which was 8.2 million tonnes more than in 2020 and Europe produced around 50.4 million tonnes of potatoes in 2021. Hence, such high production rates can help in increasing the market growth.

The roots segment accounts for over half of the market share. Similarly, North America dominates the root and tuber crop market, capturing the largest market share. This region remains the largest producer and consumer of root and tuber crops as it is the largest exporter of fresh sweet potatoes.

Dynamics

Increase in usage of Roots in Distilled Spirits

The alcoholic beverage industries are highly adopting roots and tubers into distilled spirits as they impact distinct flavors and aromas to beverages. Some roots such as sweet potato, and cassava can add sweetness and nutty flavor to beverages. Hence, it can help in increasing the adoption rate of root and tuber crops.

Furthermore, many manufacturing companies are producing innovative quality products in order to attract larger consumer bases. For instance, Nishi Shuzo Co., Ltd. company produces Kiccho Houzan, which is made of sweet potato and contains alcohol 25% by vol. Hence, such products can help in increasing the adoption rate.

Raising in Usage of Roots and Tubers in Innovative Food Grade Products

Consumers are adopting various culinary applications such as soups, and others as they provide unique flavor, taste, and aroma, also these roots and tubers are a good source of carbohydrates, minerals, and essential vitamins. They offer anti-inflammatory properties. Hence, such factors can help in increasing the market growth.

Furthermore, many manufacturers are producing innovative high-quality products in order to attract larger consumer bases. For instance, Pride of India company produces gourmet arrowroot ground powder, which is a nutrient-rich product that is used in bakes, fries, and other savory dishes. Hence, such products can help in increasing the adoption rate.

Pest and Disease Management

Pest and diseases significantly affect the growth of the root and tuber crops market. As they damage the crops it leads to the degradation of crop quality, also managing pests and diseases often requires the use of pesticides and herbicides. Which increases the presence of chemical residues in the crops, which could affect the adoption rate.

Segment Analysis

The global root and tuber crop market is segmented based on type, distribution channel, application and region.

Increase in Demand for Plant Nutrition

The root segment holds the maximum share of the global root and tuber crop market. Consumers are highly adopting root vegetables such as sweet potatoes, cassava, and others as they provide essential nutrients and dietary fibers. They also contain antioxidant properties, help in lowering cholesterol levels, and improve digestive health. Hence, such factors help in increasing the market growth.

Furthermore, as the demand for root vegetables are rising among consumer, many manufacturers are investing more in the production of these products. For instance, Nash product company produces both conventional and organic sweet potatoes, in different packages such as Mr.Yam bagged Sweet potatoes, they are full-wrap, flexible mesh bags that can be 2lb, 3lb & 5lb of sweet potatoes. The packaging contains recipe ideas and cooking suggestions for versatile and exciting ways to prepare sweet potatoes. Hence, such products can help in increasing the adoption rate.

Geographical Penetration

High Exports Rates

Asia-Pacific has been a dominant force in the global root and tuber crop market and its significance has only grown in the post-2020 era. Consumers in this region are highly adopting the root and tuber-based processed products as part of their regular diets, which helps in increasing the market in this region.

Furthermore, the demand for roots and tubers is increasing, for instance, according to FAO, the United States is the top global exporter, by volume, of sweet potatoes in 2020, and U.S. sweet potato exports on a fresh-weight basis increased by 1,157 percent from 2001 to 2021. Hence, such increased export rates can help in increasing the market in this region.

Additionally, as the demand is increasing in this region many manufacturing companies such as Ham Farms, Nash Produce, and others are focusing on producing innovative high-quality products in order to expand their market sizes and also increase the availability of products in the markets.

Competitive Landscape

The major global players in the market include YESRAJ AGRO EXPORTS PVT. LTD, Nash Produce, Ham Farms, Dole Food Company, Inc, Tereos, AKN Organics, Veerkrupa Global Enterprise, Frutteto, HOANG DANG PROCESSING FOODSTUFF CO., LTD, and RedLuck International Pvt Ltd.

COVID-19 Impact Analysis

The pandemic has brought unprecedented challenges for industries worldwide, including the global root and tuber crops market, Covid many country governments have imposed lockdowns which led to shout shutdown of many manufacturing companies, which led to a decrease in the availability of products in the market. This had shown a negative impact on global root and tuber crops market.

By Type
• Root
• Sweet Potatoes
• Cassava
• Tuber
• Potatoes
• Yams
• Corm
• Aroids
• Cocoyam
• Taro
• Others
• Canna
• Arrowroot
• Others

By Distribution Channel
• Company Stores
• E-Commerce
• Hypermarkets/Supermarkets
• Specialty Stores
• Others

By Application
• Food
• Planting Material
• Animal Feed
• Distilled Spirits
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In April 2023, the Spudsy company launched a new variety of sweet potatoes into plant-based snacks, the superfood sweet potato will take the shape of scoopable crackers in two different flavors such as sour cream and onion and classic cheddar.
• In May 2023, Uglies Kettle Chips launched Uglies Sweets, an upcycled sweer potato chip. The chips are made with imperfect sweet potatoes, kettle-cooked in small batches, and lightly salted.

Why Purchase the Report?
• To visualize the global root and tuber crop market segmentation based on type, distribution channel, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of root and tuber crop market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global Root and Tuber Crop market report would provide approximately 61 tables, 63 figures and 181 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies