Blueberry Ingredient Market 2020 is Projected to Exhibit a CAGR of 11.8% during the Forecast period 2023 Includes business research, Key players, Revenue Size & Share, Complete Industry Analysis
The Global Blueberry Ingredient Market 2020-2023 Research Report provides idealistic and determined details of the Blueberry Ingredient Market, that assist you in promoting ideas with research-based factors. It offers in-depth data, refines variations of the worldwide Blueberry Ingredient market to help you in deciding the final strategy. The report features a thorough outlook of the market considering profitability, attractiveness, revenue, and CAGR.
The Blueberry Ingredient Market Research Report also focuses on leading industry Manufacturer with information such as company profiles, products, and services offered financial information throughout 2020 – 2023
- Kerr Concentrates
- AGRANA Beteiligungs-AG
- DÖHLER GmbH.
- JF Natural
- Mazza Innovation Ltd
- Atlantic Blueberry Company
- Scenic Fruit Company
The Blueberry Ingredient Market Report offers an accurate financial assessment of each leading Competitor based on their business data that includes estimation of gross margin, Blueberry Ingredient Market sales volume, profitability, pricing erection, product value, cost structure, revenue, and growth rate.
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Summary of Blueberry Ingredient Market:
The global blueberry ingredient market is anticipated to witness a CAGR of 11.8% between 2020 and 2023. The blueberry ingredient market has observed a substantial growth in the recent years, with the per capita consumption of processed blueberry ingredients rising each year. The global blueberry production is about 651,000 metric tons, currently. About half of the blueberries produced are utilized for processed ingredients, such as purees, concentrates, juices, dried blueberries, etc. Increase in the production of blueberries in the recent years has minimized the demand-supply gap. However, the supply of blueberries is still limited, which affects the market growth.
Inherent Nutritional Profile Increases Demand
Antioxidants, dietary fiber, and vitamin C—which are known to protect from cancer, age-related issues, and heart diseases—are found abundantly in blueberries. With a global rise in age- and heart-related issues, consumers are increasingly adopting preventive measures to safeguard health through functional food and dietary supplements. Majority of the blueberries are produced in the United States and a few European countries, while other countries are dependent on import. As blueberry ingredients come in the processed form, they have a longer shelf life, when compared to fresh blueberries. Growing demand for dried blueberry in the breakfast cereal and frozen dessert industries has triggered the growth of the market. The growing demand for fresh blueberries is globally affecting the supply of processed blueberries. In the recent years, the demand for fresh blueberries has increased globally, especially in the European Union. For instance, during 2010-2014, in the European Union, the demand for fresh blueberry has registered a CAGR of 20.4%. The limited supply of blueberry in the region posed a challenge for the blueberry ingredient industry.
Market segmentation by product type includes, frozen blueberry, dried blueberry, concentrate, puree, and others. The frozen blueberry segment holds the largest share in the market, due to its increased consumption in the beverage and frozen dessert industries. The market for dried blueberries is growing at a faster rate, driven by the efficient freeze-dried blueberry technology. Freeze drying is an efficient method for blueberry preservation, as it retains maximum nutrients, when compared to other processed ingredient forms. Blueberry extract has witnessed an increase in demand from the nutraceutical industry, due to rise in the consumption of supplements.
By end-user application, the blueberry ingredient market is segmented into food & beverage, nutraceutical, and pharmaceutical industries. The food & beverage industry is growing at a faster rate, due to the increased consumer preference for functional food.
North America dominates the blueberry ingredient market, due to the increased demand from the food industry. Canada is one of world’s largest producers of wild (lowbush) blueberries, which are mainly used for processing and freezing. Europe and Japan are the second largest consumers of blueberry ingredients. The growing trend of healthy snacking is driving the blueberry ingredient market (dried blueberry, frozen) in the United States and Europe. The matured functional food and nutraceutical markets in Japan have also boosted the market for blueberry ingredients.
• April 2017 – Naturex launched wild blueberry extract that is associated with memory improvement”.
The major players include – KERR CONCENTRATES, AGRANA BETEILIGUNGS-AG, DÖHLER GMBH., JF NATURAL, MAZZA INNOVATION LTD, FUTURECEUTICALS, INC., WYMAN’S, ATLANTIC BLUEBERRY COMPANY, SCENIC FRUIT COMPANY, amongst others.
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Reasons to Purchase this Report
The Blueberry Ingredient Market 2020-2023 Analysis objectives of the report are:
- To analyze Blueberry Ingredient Market regarding growth trends, anticipation and also their participation in the entire sector.
- To equitably share in-depth info regarding the vital elements influencing the increase of industry (growth capacity, probability, drivers and industry-specific challenges and risks).
- To know the Blueberry Ingredient Market by distinguishing its many sub-segments.
- To examine and study the market size (volume & value) from the company, essential regions/countries, products and application, background information from 2013 – 2020 and also prediction to 2023.
- To profile the Leading players in the industry and analyze their growth plans.
- To venture the amount and value of sub-markets, depending on key regions.
- Primary worldwide Antifouling Paints and Coatings Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis, and development plans next coming years.
- To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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The growth of this market worldwide is subjected to various factors; including consumer world-class Blueberry Ingredient Market of many Blueberry Ingredient Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
In conclusion, Blueberry Ingredient Market report presents the descriptive analysis of the parent market based on elite players, present, past and futuristic data that will serve as a profitable guide for all the Blueberry Ingredient Market competitors.
Mr. Ajay More
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