The global Sweet Potato market was valued at US$ 32020 million in 2019 and is expected to reach US$ 37350 million by the end of 2026, growing at a CAGR of 2.2% during 2021-2026.
Sweet potato is a herbaceous perennial vine, bearing alternate heart-shaped or palmately lobed leaves and medium-sized sympetalous flowers. The edible tuberous root is long and tapered, with a smooth skin whose color ranges between yellow, orange, red, brown, purple, and beige. Its flesh ranges from beige through white, red, pink, violet, yellow, orange, and purple. Sweet potato varieties with white or pale yellow flesh are less sweet and moist than those with red, pink or orange flesh.
The global sweet potato industry market is relatively concentrated. At the same time, countries such as China, Tanzania, and Nigeria have a prominent position in the global sweet potato industry due to their market share and climate environment. In the consumer market, global consumption growth is relatively stable.
China is the largest producer, but its consumption level is very low. The European sweet potato market is still relatively small, but growing rapidly. The United States is the largest sweet potato supplier on the European market. European traders prefer the high volume and stability of US suppliers. Europe’s main competitor is Spain, but according to an American businessman, Spanish products cannot compete with the quality of the United States. It is expected that South Africa will occupy a larger market share in the next few years.
Sweet potato consumption is closely related to downstream industries and the global economy. The growth rate of the sweet potato industry may not be as fast as there will be some uncertainties in the global economy in the next few years. But what is certain is that the sweet potato market has broad prospects.
Although the global sweet potato market is highly competitive, many companies can make considerable profits through the production and sale of sweet potatoes, which is why we believe that some companies will enter this market. However, it is recommended that companies entering the industry plan carefully analyze the market and their strengths or weaknesses.
Global Sweet Potato Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Sweet Potato Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Zgganshu, FAO, China Custom, Societe, Uncomtrade, Zauba, CBP, NBS, Tradingeconomics, Dashboard, Zzys, Mof, Fara, Croptrust and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-sweet-potato-market-research-report
Segment by Type
- Hannah Sweet Potatoes
- Japanese Sweet Potatoes
- Jewel Sweet Potatoes
- Stokes Purple Sweet Potatoes
- Garnet Sweet Potatoes
Segment by Application
- Commercial Food Industry
- Home Food
- Feed Industry
Table of Content:
1 Sweet Potato Market Overview
2 Sweet Potato Market Competition by Manufacturers
3 Sweet Potato Retrospective Market Scenario by Region
4 Global Sweet Potato Historic Market Analysis by Type
5 Global Sweet Potato Historic Market Analysis by Application
6 Key Companies Profiled
7 Sweet Potato Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Sweet Potato Market Dynamics
10 Global Sweet Potato Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta