Purple Sweet Potato Pigment Market was valued at USD 0.45 Billion in 2022 and is projected to reach USD 0.98 Billion by 2030, growing at a CAGR of 10.14% from 2024 to 2030.
The global purple sweet potato pigment market was valued at approximately USD 150 million in 2022. This market is anticipated to grow at a compound annual growth rate (CAGR) of 8.2% from 2023 to 2028, driven by increasing consumer demand for natural food colorants and the rising awareness of the health benefits associated with purple sweet potato pigments. The expansion of the food and beverage industry, coupled with a shift towards clean-label and organic products, is fueling this growth. Additionally, the pigment's applications in nutraceuticals and cosmetics contribute to its expanding market footprint.
Emerging markets, particularly in Asia-Pacific and Latin America, present significant opportunities for market players due to the growing population, rising disposable incomes, and increasing preference for natural and organic products. These regions are experiencing a surge in the adoption of purple sweet potato pigments in various food products and health supplements. As awareness about the benefits of anthocyanins and natural pigments grows, there is a notable increase in investment in these regions, positioning them as key growth areas for market expansion over the next few years.
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FoodRGB
Quality Products Lab Private Limited
Hebei Lihua Biotechnology Co.
Ltd.
Henan Zhongda Hengyuan Biotechnology Stock Co.
Ltd.
Suncore Foods Inc
Nutripharma Co. Ltd.
EPC Natural Products
Organic Herb Inc
Shanghai Aladdin Biochemical Technology Co.
Ltd.
Shanghai Canspec Scientific & Technology Co.
Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Purple Sweet Potato Pigment Market
Food
Cosmetic
Pharmaceutical Industry
Textile Industry
Others
Based on Types the Market is categorized into Below types that held the largest Purple Sweet Potato Pigment market share In 2023.
Food Grade
Chemical Grade
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Purple Sweet Potato Pigment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Purple Sweet Potato Pigment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Purple Sweet Potato Pigment Market, By Type
6. Global Purple Sweet Potato Pigment Market, By Application
7. Global Purple Sweet Potato Pigment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Purple Sweet Potato Pigment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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