New product launches with growing benefits of using blueberry extract and rise in interest in organic flavor products are the leading factors expected to drive the global blueberry extract market during the forecast period.
According to TechSci Research report, “Blueberry Extract Market– Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F” The global blueberry extract market is expected to grow during the forecast period as the expanding consumer demand for organic blueberries and the growing trend of consuming healthy diet-based food products are driving the global market for blueberry extract over the forecast period.
Blueberry extracts, which are regarded as a natural and nutritious food, are produced by producers using concentrated blueberry juice. The blueberry extract is recognized for its potent nutritional composition, which includes a high concentration of antioxidants, beneficial plant compounds including flavanol and anthocyanins, and other crucial components. The blueberry extract is widely used in food & beverage industry and cosmetics industry due to its high antioxidant properties. In the food & beverages industry, the blueberry extract is used as a flavoring in products such as blueberry juice, jam etc., which is driving up demand for the products made from blueberry extracts on a global scale.
However, many health advantages of blueberries are caused by a variety of substances, including anthocyanins, polyphenols, etc. The strong antioxidant content of blueberry extract is anticipated to boost sales in the skin and cosmetics industries which will further enhance the market growth during the forecast period.
Various factors driving the growth of blueberry extract include the ability of blueberries to improve vision, reduce the risk of cancer and heart disease, and boost the immune system, which has led to a rise in consumer demand for them. People all over the world are becoming more concerned about their health, and consumers prefer nutritional foods to improve their overall health, which has further propelled the demand for blueberry extracts. Owing to hectic schedules, people frequently neglect their nutrition, and with the changing consumer behavior nowadays people have started including functional foods and dietary food into their meals to balance them. The expansion of lucrative business opportunities in the global market for blueberry extract will be facilitated by these variables throughout the forecast period.
Moreover, organic blueberry extract is used to boost immunity; as a result, demand for organic blueberry extract is rising along with the need for dietary supplements, which in turn is expected to fuel the expansion of the global blueberry extract market.
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The global blueberry extract market is segmented based on form, application, distribution channel, region, and competitional landscape.
Based on form the market is further fragmented into liquid, powder, dried. Among these segments, liquid is the fastest growing owing primarily to the ease with which blueberries may be ingested in liquid form, which raises consumer demand for blueberries. Moreover, producers are producing more blueberries in liquid form, which is expanding their availability and boosting the market’s growth. which has led to increase in demand for blueberry extract market during the forecast period.
Based on application, the market is further segmented into food & beverages, cosmetic, and others (nutraceutical/dietary supplements). Based on distribution channel, the market is segmented further bifurcated into direct sales and indirect sales. The market analysis also studies the regional segmentation among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Key market players in the global blueberry extract market include:
- Healthy Berries Ltd.
- LOOV Organic OÜ
- HW Wellness Solutions Pvt Ltd (True Elements)
- The Berry Juice Company LTD
- Nature’s Way Products, LLC
- NOW Health Group Inc.
- Mazza Innovation Ltd.
- DPL Trading Inc. (Micro Ingredients)
- FutureCeuticals Inc.
- Berrico Food Company B. V.
In order to obtain significant market share within the market, the manufacturers of blueberry extracts are broadening the applications for these extracts. For instance, Ariel Labs has introduced a new line of foot, hand, and body creams, lotions, and exfoliants, in order to capitalize on the antioxidant benefits of skin care products.
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“The introduction of new products and the benefits of blueberry extract which helps in improving insulin resistance and glucose tolerance, and which also helps to increase the expansion of the market growth during the forecast period. This is primarily owing to increased awareness about the health benefits of blueberries, which increases blueberry production in the food and beverage sector, and the growing consumer preference for organic fruits, as well as rising demand for dietary supplements, are driving demand for global blueberry extract market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Blueberry Extract Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Form (Liquid, Powder, Dried), By Application (Food & Beverages, Cosmetic, and Others (Nutraceutical/Dietary Supplements)), By Distribution Channel (Direct Sales, Indirect Sales), By Region, Competition, has evaluated the future growth potential blueberry extract and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in blueberry extract market global.
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