Root and Tuber Crop Market Forecasts to 2028 – Global Analysis By Product Type (Root, Tuber, Corm, Canna, Arrowroot and Other Product Types), Application (Food, Planting Material, Distilled Spirits and Other Applications)and By Geography

Root and Tuber Crop Market Forecasts to 2028 – Global Analysis By Product Type (Root, Tuber, Corm, Canna, Arrowroot and Other Product Types), Application (Food, Planting Material, Distilled Spirits and Other Applications)and By Geography

According to Stratistics MRC, the Global Root and Tuber Crops Market is expected to register substantial growth during the forecast period. Root and tuber crops are used as sources of carbohydrates. They contribute significantly to the global food supply and are a major source of processed goods for both domestic and commercial use, as well as animal feed. Roots and tubers are crucial components of the diets of people in developing nations. They are also used to produce starch, alcohol, fermented foods, and beverages, as well as animal feed.

According to the framework, it is expected that when the intervention is properly implemented on the roots and tuber value chain actors there will be an intermediate outcome.

Market Dynamics

Driver

Usage of root and tuber crop as staple foods

The favorable adaptation of root and tuber crops to a variety of soil and environmental conditions, as well as a variety of farming systems using the fewest possible agricultural inputs, is driving market growth over the forecast period. A food staple is one that constitutes the bulk of a population's diet. The majority of a person's energy and nutritional needs are met by eating staple foods on a regular basis, sometimes even daily. Depending on the available food sources, different places have different food staples. Staples give us the energy we need for all of our activities, including play. They are abundant in fiber, sodium, potassium, carbohydrates, and other vitamins and minerals. Two-third of the population has already made small group of foods which are composed of rice, maize, and wheat. Moreover, rural consumers, who grow staple crops in a subsistence-oriented traditional production system and are generally self-sufficient, frequently base their food choices on the potential for agricultural production diversification in their region.

Restraint

Minimal irrigation and fertilizer usage

The global Root and Tuber Crops market expected to hinder growth during the forecast period. Due to their high cost, fertilizers are only applied infrequently and even then, in lower quantities than are advised. Since almost all farms rely primarily on rain-fed agriculture, using irrigation techniques is also a problem.

Opportunity

Utilization and advantages of root and tuber crops

Numerous substances, including saponins, phenolic compounds, glycoalkaloids, phytic acids, carotenoids, and ascorbic acid, are abundant in tubers and root crops. For tubers and root crops,a number of bioactivities have been reported, including antioxidant, immunomodulatory, antimicrobial, anti-diabetic, anti-obesity, and hypocholesterolemic activities. Nutrition and health depend on plants that produce starchy stems, rhizomes, tubers, and roots. In addition to being used as animal feed and in the production of starch, alcohol, and fermented foods and beverages, they are a vital component of the diets of people in developing nations. Additionally, tropical regions of the world have important cultivated staple energy sources such as roots and tuber crops. Root and tuber crops as staple foods have the important agronomic advantage of being well-adapted to a variety of soil and environmental conditions, as well as farming systems with the least amount of agricultural inputs.

Threat

Transport and trade are inefficient

Smallholder Market accessibility is poor and constrained for crop producers. The majority of the product produced by small producers is sold at local markets due to the high cost of transportation and the requirement to process it within 48 hours of harvesting due to its perishability. It is challenging to develop a commercial-scale aggregation because of the high fragmentation (scattered farms) and inadequate infrastructure. Post-harvest losses rise along with prices due to bad roads and inadequate storage facilities.

Covid-19 Impact

COVID-19 pandemic was spread across the globe in 2020. The intense effects of COVID-19 on net importers of cereal crops were greatly impacted, but root and tuber crops built resilience, saving the day as most households depending on crops had something to eat. It is reducing the supply of cereals, especially wheat, and increasing pressure on root and tuber crops. These shocks have highlighted the value of root and tuber crops, especially in fostering food system resilience.

The food segment is expected to be the largest during the forecast period

The food segment is expected to have a largest growth during the forecast period. Food typically comes from plants, animals, or fungi and contains vital nutrients like carbohydrates, fats, proteins, vitamins, and minerals. In the trophic region, tuber crops are typically the second-most important cultivated staple foods after cereals as sources of energy. They are grouped together because all of the varieties produce underground food, which includes potatoes, cassava, sweet potatoes, yams, and aroids that belong to various botanical families. In the human diet, starchy roots and food from tuber crops are crucial.

The root segment is expected to have the highest CAGR during the forecast period

The root segment is anticipated to witness the highest CAGR growth during the forecast period. Humans eat root vegetables, which are underground plant components. Compared to the past, the use of root crops as animal feed has increased. Beets, rutabagas, cassava, turnips, and occasionally extra potatoes are used as feed. Root crops mostly serve as a source of energy because they contain little dry matter and protein in comparison to other feeds. Root crops are harvested using diggers and digger-pickers, which frequently haul up clods, stones, and vines along with the crop.

Region with largest share

The Asia-Pacific region market is estimated to witness a largest share of the global Root and Tuber Crops market during the forecast period. In terms of annual global production of roots and tubers, the Asia-Pacific region accounts for about 40% of the total. Asian nations also use roots and tubers as animal feed and in starch-based industries. They are a major staple in the Pacific Islands. For all root and tuber crops in the Oceanic sub-region, consumption growth rates are declining. Cassava and sweet potato production is directly correlated with rising demands in the organized market and nonfood sectors. Root and tuber crop production is being negatively impacted in the Pacific Islands by socioeconomic and biophysical constraints. Some edible tubers are also used as traditional medicines in Asian nations.

Region with highest CAGR

Europe is projected to have the highest CAGR over the forecast period. Cassava and yams are the top commodities sold in this region. These goods were initially popular in ethnic stores and eateries and is gradually expanding. The market channels for exotic roots and tubers are being developed as a result of growing consumer interest in exotic vegetables and their culinary applications. The imports are gradually rising along with the rise in demand for exotic vegetables. The amount of yam imports increased to 24 000 metric tons.

Key players in the market

Some of the key players in Root and Tuber Crops market include Britannia Industries Limited, Avebe U.A, Great American Spice Company, Bramble Berry, Inc., Archer Daniels Midland Company (ADM), Sundaram Overseas Operation, Azure, Bob's Red Mill Natural Foods, Sainsbury's, Mountain Rose Herbs and Aryan International.

Key Developments

In November 2022, Britannia Industries Limited ('Britannia') has entered into a Joint Venture Agreement ('JVA') with Bel SA, France ('Bel') and Britannia Dairy Private Limited ('BDPL') to undertake the development, manufacturing, marketing, distribution, trading and selling, etc., of cheese products in India and certain other countries

In July 2022, Britannia Industries, the maker of Good Day, Milk Bikis, Marie Gold biscuits, among others, announced the launch of its coffee flavoured cracker, Biscafe. With this launch, the company aims to target the new-age coffee drinkers looking for a differentiated experience.

In July 2021, Britannia Industries Limited Friday announced an investment of Rs 94 crore for the expansion of its manufacturing plant in Odisha's Khurda district to cater to the growing demand for its products across multiple categories.

Product Types Covered
• Root
• Tuber
• Corm
• Canna
• Arrowroot
• Other Product Types

Applications Covered
• Food
• Planting Material
• Distilled Spirits
• Other Applications

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities,Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements