Carrot Powder Market Insights Video

According to Cognitive Market Research, the global Carrot Powder market size was USD 59.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.50% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 23.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 17.88 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 13.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 2.98 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1.19 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
• The Spray Drying Carrot Powder is the fastest growing segment of the Carrot Powder industry