Segments - Global Bilberry Extract Market by Types (Organic and Conventional), Forms (Liquid, Powder, Tablets/Capsules, and Other Forms), Sales Channels {B2B, B2C (Drug Stores, Specialty Stores, Convenience Stores, Online Retail, and Other Offline Channels)}, End-Use Industries {Individual/Household, Commercial (Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care, Nutraceuticals, and Others)}, and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The Global Bilberry Extract Market was valued at USD 107.2 Mn in 2020, and is projected to reach USD 267.6 Mn by 2028, expanding at a CAGR of 12.3% during the forecast period. Bilberry contains chemicals called tannins that help alleviate diarrhoea, as well as mouth and throat irritation, by reducing swelling (inflammation). There is some evidence that the chemicals found in bilberry leaves help lower blood sugar and cholesterol levels. These extracts are used by mouth for the treatment of poor circulation that cause the legs to swell. Various people take bilberry extracts for combating diabetes, high blood pressure, gout, urinary tract infections (UTIs), and others. Rising health awareness among consumers is resulting in increased demand for natural products, which is growing the demand for bilberry extract across the world. The taste of bilberry, along with its many health benefits, is driving its demand in various industries. Additionally, increasing demand for functional foods and dietary supplements is favouring the bilberry extract industry.
Bilberry extracts are used as a delicacy and a natural flavoring agent in the food and beverages industry. These extracts are found in cosmetics and personal care products, due to their antioxidant properties. Several health benefits of bilberry, such as strengthening blood vessels, improving circulation, treating diarrhea, and others, drives the use of bilberry extract in the pharmaceutical industry. Rising R&D activities related to Geno protective and anticancer effects of bilberry, anti-inflammatory properties, cardioprotective effects, and others are anticipated to fuel the market. High popularity of bilberry extracts for promoting night vision and reducing vascular permeability and capillary fragility is projected to grow the demand for bilberry extract in various end-use industries.
The desire to live a healthy lifestyle is a key driver of demand for healthy ingredients such as blueberries. Consumers want healthy foods to improve their overall health and well-being. Bilberries, which are high in vitamin C and vitamin A, are believed to help prevent cancer. Phytonutrients in bilberries act as potent antioxidants, which help to protect cells from disease-related free radical damage. As a result, food and beverage companies are increasingly using nutritious components such as bilberry powder and bits in on-the-go snacks. There is a growing market for snacks produced with actual fruits and vegetables. Thus, products such as bilberry fruit-based snacks, are gaining popularity among consumers across the world.
Busy schedules of people are fueling the trend of eating a healthy diet, which is driving the demand for organic blueberries, boosting the global bilberry extract market. Organic bilberry extract is used to boost immunity, which is driving the global bilberry extract market. These extracts have antioxidative properties that are neuroprotective and help to suppress photo-oxidative process and improve microcapillary circulation. Several bilberries are collected through wild harvest under organic wild certification. Growing consumer preference for organic fruits and rising demand for dietary supplements are driving the demand for organic bilberry extract, which is boosting the market.
People are becoming interested in natural products as a result of a shift in market trends, which is expected to drive the bilberry extract market. Rising awareness of functional foods and dietary supplements is expected to drive the market during the forecast period. Health advantages associated with bilberry extract as a nutritional supplement, food ingredient, and other products are projected to drive sales. There is evidence to suggest that bilberry extract helps to lower blood sugar and blood cholesterol levels, according to the National Institute of Health in the US. Bilberry extract is available as a supplement in the form of pills or capsules. Bilberries are consumed fresh or dried, or are made into a bilberry tea or smoothie. Several benefits of bilberry extract such as improvement of eye vision by consuming bilberry extracts are projected to drive the market during the forecast period.
Bilberry extract is sold as a capsule, powder, tincture, and water-soluble extract. It is found in natural food stores, drugstores, and on the internet. Use of bilberry extract in combination with other medications is dangerous and is regarded as a restriction. Those using diabetes medication should take caution when consuming bilberry extract, as it results in a drop in blood sugar levels. Bilberry affects blood glucose levels and controls blood sugar level during and after surgery. People should stop taking bilberries at least two weeks before the surgery date. There is no recommended dosage for bilberry extract ingestion that has been established. Usage of bilberry extract along with other medications is harmful, which acts as a restraint for the market.
Bilberry is a widely consumed berry fruit and is high in vitamin C and nutritional fiber. It is high in manganese and is minimal in calories. Growing desire for organic and natural food products, as well as growing demand for packaged and processed foods, are driving the bilberry extract market. Growing R&D activities and clinical trials to demonstrate the effectiveness of bilberry as a possible ingredient to combat chronic and infectious diseases are expected to accelerate the market growth. Growing innovations by the key players and rising online sales are expected to bode well for the market growth.
The report on global bilberry extract market includes an assessment of the market, size, share, trends, segments, and country markets. Overview and dynamics have been included in the report.
Attributes |
Details |
Report Title |
Bilberry Extract Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Organic and Conventional), Forms (Liquid, Powder, Tablets/Capsules, and Other Forms), Sales Channels {B2B, B2C (Drug Stores, Specialty Stores, Convenience Stores, Online Retail, and Other Offline Channels)}, End-Use Industries {Individual/Household, Commercial (Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care, Nutraceuticals, and Others)} |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered |
Bio Botanica, Inc., CHANGSHA NATUREWAY, Creative Enzymes., athelasneutraceuticals.com, Ferlux (Biocodex), FutureCeuticals, Life Extension, Natrol, LLC, Nature's Way Products, LLC, NOW Foods, Source Naturals, Inc., and Swanson, and others. |
Based on types, the market is bifurcated into organic and conventional. The organic segment is expected to hold a significant share of the market during the forecast period, due to changing market trends. People are interested in natural products, which is expected to drive the bilberry extract market during the forecast period. Rising awareness of functional foods and dietary supplements is expected to fuel the market during the forecast period, which in turn, increases the demand for bilberry extract. The conventional segment is expected to hold a substantial share of the market during the forecast period, as pesticides with high levels of neurotoxins, such as carbaryl, malathion, methomyl, and chlorpyrifos, attack the nervous system and possibly lead to long-term ailments. Pregnant women and couples planning babies are expected to benefit from the consumption of organic blueberries. Certain pesticides found on blueberries are linked to numerous reproductive and developmental problems in men and women.
Based on forms, the market is bifurcated into liquid, powder, tablets/capsules, and other forms. The powder segment is expected to hold a significant share of the market during the forecast period, due to rising usage of bilberry extract in a wide variety of sweet desserts such as cupcakes, pies, and cakes, as well as in beverage recipes such as smoothies and milkshakes. Bilberry extract is taken in supplement form, often as tablets or capsules. It is eaten, in fresh or dried forms, or consumed as bilberry tea or as a smoothie. The liquid form segment is anticipated to hold a substantial share of the market during the forecast period. Bilberry extracts have been stated to be safe for internal use during pregnancy, and efficacious in the treatment of gestational hemorrhoids and venous insufficiency during pregnancy. Bilberry is consumed in liquid extract form. The tablets/capsules segment is expected to grow at a rapid pace during the forecast period, as bilberry supplements and bilberry extract are sold in tablets, capsules, and drops.
Based on sales channels, the market is bifurcated into B2B and B2C. The B2C sales channel is further segmented into drug stores, specialty stores, convenience stores, online retail, and other offline channels. The convenience stores sub-segment is projected to expand at a substantial pace during the forecast period, due to the sale of a limited range of bilberry extracts. The online retail sub-segment is anticipated to expand at a significant rate during the forecast period, due to rising number of online purchases of bilberry extracts among consumers. High research and development (R&D) activities and clinical trials to demonstrate the effectiveness of bilberry as a possible ingredient to combat chronic and infectious diseases are anticipated to increase the demand for bilberry extract during the forecast period. Rising innovations by several key players and increasing online sales are expected to drive the market during the forecast period.
Based on the end-use industries, the market is bifurcated into individual/household and commercial. The commercial segment is further divided into food and beverages, pharmaceuticals, cosmetics and personal care, nutraceuticals, and others. The food and beverage segment is expected to hold a significant market share during the forecast period, owing to rising awareness related to health benefits. Manufacturers are mainly focusing on increasing the production of bilberry extract products. The pharmaceutical segment is anticipated to hold a substantial share of the market during the forecast period. Bilberry extract is rich in anthocyanin, vitamin C, and antioxidants, which helps in reducing various skin diseases and increases the demand for bilberry extract in the pharmaceutical industry. The nutraceutical segment is estimated to be the fastest-growing segment, owing to inherent nutritional profile of bilberry extract. Bilberries are expected to improve vision in people with glaucoma and reduce eye fatigue and dryness in people working with video display terminals.
On the basis of regions, the market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). The market in North America is expected to grow at a rapid pace, owing to changing dietary pattern that increases the demand for bilberry extract among consumers. Rising adoption of organic products among consumers and increasing demand for bilberry in the food and beverage industry are driving the market. Production of bilberries are developing gradually in the countries of Europe and Africa, and the UK is a major consumer of bilberry and blueberry fruits. Rising consumption of natural products in various countries of Asia Pacific such as China, India, and Japan is expected to drive the market.
Major Manufactures include Bio Botanica, Inc., CHANGSHA NATUREWAY, Creative Enzymes., athelasneutraceuticals.com, Ferlux (Biocodex), FutureCeuticals, Life Extension, Natrol, LLC, Nature's Way Products, LLC, NOW Foods, Source Naturals, Inc., and Swanson.
The base year considered for the bilberry extract market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years, and the forecast is provided from 2021 to 2028.
The market is expected to witness sluggish growth with slow increase in terms of demand during 2019-2020 owing to the negative impact of COVID-19 pandemic on the bilberry extract market.
High popularity of bilberry extracts for promoting night vision and reducing vascular permeability and capillary fragility is projected to grow the demand for bilberry extract in various end-use industries.
Growing consumer preference for organic fruits and rising demand for dietary supplements are driving the demand for organic bilberry extract, which is boosting the market.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
In addition to market size (in USD Million) and Company Market Share (in % for base year 2020), other data such Macro-economic factors, COVID-19 Impact on the bilberry extract market is available in final report.
According to this Growth Market Reports, the market from bilberry extract market is likely to register a CAGR of 12.3% during period 2021-2028, with an anticipated valuation of USD 267.6 million by the end of the 2028.
Yes, the report covers various Bilberry Extract market by household/individual, and commercial.
Additional company profiles can be provided on request. For a discussion related to above findings, click Speak to Analyst