The Latin America, Middle East and Africa Potato & Yam Derivatives Market would witness market growth of 5.4% CAGR during the forecast period (2023-2030).
Yams contain an excessive amount of potassium. The brain's nerve activity and cognitive function are both supported by potassium. Yams are also rich in diosgenin, a special substance linked to improved neuron growth and brain function. It has also been discovered to encourage enhanced learning and memory abilities. Additionally, they have been demonstrated to support the management of diabetes and weight. Yams may improve ovarian function and reduce premenstrual syndrome and menopausal symptoms.
The demand for organic yam varieties is rising as customers increasingly believe they are healthier than regular yams. The market players are also developing fresh organic yam goods to meet consumer demand. Organic products are produced without pesticides and insecticides during the growing process. Thus, they don't have pesticide and insecticide residues. As a result, they are regarded as being safer and healthier than items grown using traditional techniques. The demand for organic yams would rise throughout the forecast period due to increased health consciousness among consumers and government organizations' promotion of organic food items. The market will expand over the forecast period as a result of the rising demand for organic yams.
Hotels in the United Arab Emirates, and in Dubai in particular, are eager to spruce up their premises by adding quite a bit of a designer touch, which would distinguish them from the throng of people from other hospitality providers. This is because the hospitality sector is thriving in both locations. Because of the vast number of tourists, the number of businesses that cater to tourists as well as the overall services sector is continuously rising. These businesses include a wide variety of entertainment, shopping opportunities, dining establishments, and more. Due to this expanding hospitality sector, the demand for processed foods is expected to see growth. This will further support the regional market growth.
The Brazil market dominated the LAMEA Potato & Yam Derivatives Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $14,450.6 million by 2030. The Argentina market is showcasing a CAGR of 6% during (2023 - 2030). Additionally, The UAE market would witness a CAGR of 5.1% during (2023 - 2030).
Based on Application, the market is segmented into Food, Animal Feed, Fermented Beverages, and Others. Based on Type, the market is segmented into Starch, Whole, Feed, Flour, Protein, Tapioca, and Others. Based on Source, the market is segmented into Potato, Sweet Potato, and Yam. Based on Distribution Channel, the market is segmented into B2C, and B2B. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Potato & Yam Derivatives Market is Projected to reach USD 781.9 Billion by 2030, at a CAGR of 3.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tate & Lyle PLC, Royal Avebe U.A., Roquette Freres SA, Tereos S.A, Ingredion Incorporated, Emsland Group, Basic American Foods, Pepees SA, McCain Foods Limited and Ham farms.
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