Parsnip appearance looks like a beige carrot and has a flavor like parsley. Lack of orange color in parsnip – means that it also lacks beta-carotene. But it doesn’t make this root vegetable any less important. Parsnip is high in folate and other vitamin Bs, which were shown to prevent certain birth defects. Parsnip also is high in soluble fiber that helps to lower blood cholesterol and keep blood sugar levels stable.