Market Size of Blueberry Extract Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 12.33 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Blueberry Extract Market Analysis
Global Blueberry Extract Market is projected to grow at a CAGR of 12.33% during the forecast period (2019-2024).
- Blueberry extract has observed an increased demand from the nutraceuticalindustry, due to its inherent nutritional profile. Blueberry is rich in antioxidants, which makes its extract a preference for companies in supplements and product manufacturing.
- The inclusion of natural fruit extracts in foods and beverages has helped to increase the demand for instant baby food products, which is expected to be the key driver for the growth of the market studied, during the forecast period.
Blueberry Extract Industry Segmentation
Global blueberry extract market is segmented by product type and application. On the basis of product type, the market is segmented into liquid, powder, pills. On the basis of application, the market is segmented into pharmaceutical, food & beverage, nutraceutical/dietary supplement. On the basis of geography, the study provides an analysis of the blueberry extract market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
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| Liquid | |
| Powder | |
| Pills |
| By Application | |
| Pharmaceutical | |
| Food & Beverage | |
| Nutraceutical/Dietary Supplement |
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Blueberry Extract Market Size Summary
The blueberry extract market is experiencing significant growth, driven by its increasing demand in the nutraceutical industry due to its rich antioxidant content. This demand is further fueled by the trend towards healthy living, as consumers seek nutritional foods that enhance overall health and wellbeing. Blueberry extracts are particularly valued for their potential health benefits, including cancer prevention, thanks to their high levels of vitamins C and A, and various phytonutrients that act as antioxidants. The incorporation of blueberry extracts in foods and beverages, especially in instant baby food products and on-the-go snacks, is a key factor propelling market expansion. The rising popularity of snacks made with real fruits and vegetables, such as blueberry fruit-based snacks, is also contributing to the market's growth.
Regionally, North America holds the largest share of the blueberry extract market, with the United States leading due to a strong consumer focus on health and wellness and a growing demand for organic products. Europe follows closely, while the Asia-Pacific region presents significant growth opportunities due to increasing consumer awareness of healthy and natural products. Major players in the global market include FutureCeuticals, Berrico, and Nutra Green Biotechnology Co., Ltd, among others. The market is further bolstered by innovations such as Symrise's introduction of natural blueberry ingredients for various applications, highlighting the ongoing development and diversification within the industry.
Blueberry Extract Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Liquid
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2.1.2 Powder
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2.1.3 Pills
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2.2 By Application
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2.2.1 Pharmaceutical
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2.2.2 Food & Beverage
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2.2.3 Nutraceutical/Dietary Supplement
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Italy
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2.3.2.6 Spain
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2.3.2.7 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of MEA
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Blueberry Extract Market Size FAQs
What is the current Blueberry Extract Market size?
The Blueberry Extract Market is projected to register a CAGR of 12.33% during the forecast period (2024-2029)
Who are the key players in Blueberry Extract Market?
FutureCeuticals, Berrico, Nutra Green Biotechnology Co.,Ltd, JF Natural and Bio-Botanica Inc. are the major companies operating in the Blueberry Extract Market.
