Global Sweet Potato Market
Global Sweet Potato was valued at US$ 51909.2 Million in 2021, estimated to reach US$ 58470 Million in 2027, with a CAGR of 1.65% from 2022-2027.
Sweet potato is also called as Ipomoea batatas and it is a dicotyledonous plant that is faintly related to potato or Solanum tuberosum but is unlike from botanical yams which belong to monocot family. Sweet potatoes contain vitamins, minerals, antioxidants, and fiber.
Market Drivers
Rising awareness of sweet potatoes' health benefits instead of potatoes, growing applications of sweet potatoes in food & beverages, and increasing awareness about health among consumers are some factors that driving the Sweet Potato Market growth over forecast period.
Moreover, sweet potatoes come in numerous hues, with purple, orange, & other, Also, sweet potatoes improve digestion and support gut health.
The Rising Agriculture Industry in Both Developed and Emerging Nations is also a driving factor for the growth of market.
Market Restraints
The main factors that hampering the the global sweet potato market growth are the higher cost of sweet potato products compared to potatoes and the ease with which potatoes can be replaced in the market.
Market Segmentation
Sweet Potato Market is segmented into major 4 categories. Based on Form, the market is segmented into Whole Product, Paste, Flour. Based on Type, the market is divided into Fresh, Frozen, Dried. Based on Application, the market is segmented into Animal Feed, Beverage, Food. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
Asia-Pacific leads the global sweet potatoes market owing to the rising awareness of sweet potatoes health benefits over potatoes amongst consumers is the key reason for the growth sweet potatoes market in Asia-Pacific. Additionally, the plant-based food market is increasing gradually in the Asia-Pacific region.
North America is expected to witness substantial growth in market because of the growing production of sweet potatoes in this region owing to the changing consumption patterns.
Market Key Players
Some of the key players operating in Global Sweet Potato Market are AV Thomas Produce, Dole Food Company Inc., Ham Farms, Jackson Farming Company, Lamb Weston Holdings, Inc., McCain Foods Limited, Nash Produce, Simplot Food Group, The Kraft Heinz Company, Yantai China Pet Foods Co., Ltd.
Industry development
In August 2022, McDonald's Canada and McCain Foods Limited announced a new partnership to establish the Future of Potato Farming Fund, which will invest $1 million in education, demonstration, and cost-sharing grants to support potato farmers' adoption of regenerative practices and technology
2019: Jackson Farming Company has acquired and retained the Wayne Bailey Produce sales team which is expected to help the company to expand its presence in the sweet potato industry.
2019: Lamb Weston Holdings, Inc. entered into an agreement to acquire Ready Meals Pty Ltd. The latter used to sell frozen potato products under the Harvest Choice brand.
2018: Ham Farms decided to launch its prime organics brand which would be available in bulk and in 3-pound, 5-pound and 10-pound bags.
Global Sweet Potato Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Sweet Potato Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Sweet Potato Market, By Form
5.1 Y-o-Y Growth Comparison, By Form
5.2 Sweet Potato Market Share Analysis, By Form
5.3 Sweet Potato Market Size and Forecast, By Form
5.3.1 Whole Product
5.3.2 Paste
5.3.3 Flour
6 Sweet Potato Market, By Type
6.1 Y-o-Y Growth Comparison, By Type
6.2 Sweet Potato Market Share Analysis, By Type
6.3 Sweet Potato Market Size and Forecast, By Type
6.3.1 Fresh
6.3.2 Frozen
6.3.3 Dried
7 Sweet Potato Market, By Application
7.1 Y-o-Y Growth Comparison, By Sales Channel
7.2 Sweet Potato Market Share Analysis, By Sales Channel
7.3 Sweet Potato Market Size and Forecast, By Sales Channel
7.3.1 Food
7.3.2 Beverage
7.3.3 Animal Feed
8 Sweet Potato Market, By Region
8.1 Sweet Potato Market Share Analysis, By Region
8.2 Sweet Potato Market Share Analysis, By Region
8.3 Sweet Potato Market Size and Forecast, By Region
9 North America Sweet Potato Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Sweet Potato Market Share Analysis, By Form
9.3 North America Sweet Potato Market Size and Forecast, By Type
9.4 North America Sweet Potato Market Size and Forecast, By Sales Channel
9.5 North America Sweet Potato Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Sweet Potato Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Sweet Potato Market Share Analysis, By Form
10.3 Europe Sweet Potato Market Size and Forecast, By Type
10.4 Europe Sweet Potato Market Size and Forecast, By Sales Channel
10.5 Europe Sweet Potato Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Sweet Potato Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Sweet Potato Market Share Analysis, By Form
11.3 Asia Pacific Sweet Potato Market Size and Forecast, By Type
11.4 Asia Pacific Sweet Potato Market Size and Forecast, By Sales Channel
11.5 Asia Pacific Sweet Potato Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Sweet Potato Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Sweet Potato Market Share Analysis, By Form
12.3 Latin America Sweet Potato Market Size and Forecast, By Type
12.4 Latin America Sweet Potato Market Size and Forecast, By Sales Channel
12.4 Latin America Sweet Potato Market Size and Forecast, By Network Route of Administration
12.5 Latin America Sweet Potato Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Sweet Potato Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Sweet Potato Market Share Analysis, By Form
13.3 Middle East Sweet Potato Market Size and Forecast, By Type
13.4 Middle East Sweet Potato Market Size and Forecast, By Sales Channel
13.5 Middle East Sweet Potato Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 AV Thomas Produce
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Dole Food Company Inc.
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Ham Farms
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Jackson Farming Company
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Lamb Weston Holdings, Inc.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 McCain Foods Limited
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Nash Produce
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Simplot Food Group
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 The Kraft Heinz Company
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Yantai China Pet Foods Co., Ltd
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
