Blueberry Extract Market Size, Share, Industry Report 2031
Blueberry Extract Market Size, Share, Industry Report 2031
Segments - Blueberry Extract Market by Form (Powder, Puree, Dried, and Liquid), Application (Food & Beverages, Cosmetics & Skin Care, Nutraceuticals, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :FB-5235
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| 195 Pages
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Report Description
The global blueberry extract market size was valued at USD 295.36 Million in 2022 and is expected to reach USD 702.16 Million by 2031, expanding at a CAGR of 10.1% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing demand for fruit extracts from the food & health sectors for their nutritional and flavor benefits.
The blueberry extract is derived from concentrated blueberry juice sourced from cultivated blueberries or smaller wild blueberries. The production process involves pulping out the whole fresh blueberries using heavy mill appliances.
After this, collected juices are dumped into a container containing methanol and hydrochloric acid (HCL) acidifier chemicals and left out at 40oC temperature to extract the concentrate. Finally, the extracted concentrate homogenized to improve the quality and shelf-life of blueberry concentrate.
Consumption of blueberries in the right amount offers numerous health benefits such as reduced DNA damage, stress reduction, keeps low risk of heart attack, improves muscle recovery, and others. Organic blueberries are rich in various nutrients including iron, phosphorous, calcium, magnesium, manganese, zinc, and Vitamin K.
The COVID-19 pandemic has had a negative impact on the blueberry extract market. The implementation of lockdowns by various governments disrupted the blueberry extract manufacturing industry due to the shortage of labor and lack of raw materials. Additionally, the production capacity of blueberry farms has been hindered due to the insufficient supply of fertilizers.
Blueberry Extract Market Dynamics
Key Trends
Increasing use of fruit extracts in diet supplements and pharmaceutical products is a key trend in the market. The growing awareness about the benefits of consuming fruit extract is driving the demand for blueberry extract products. Blueberry extracts have a rich source of antioxidants, which is increasing their inclusion in people’s diets owing to a rising busy urban lifestyle.
Major Drivers
The growing use of plant-based ingredients in cosmetics and personal care products is one of the key factors driving the blueberry extract market. Since blueberry extract is a natural ingredient, it is rich in antioxidants and has anti-inflammatory properties. This makes it a popular choice for their use in skincare and cosmetics products. The extracts are used in various cosmetics and personal care products such as face creams, moisturizers, cleansers, toners, eye creams, and others.
Existing Restraints
The side effects of blueberry extract when consumed with other medications are expected to hinder the market. There are currently no standard doses available for the daily consumption of blueberry extract. Excessive consumption of blueberry extract leads to various illnesses including blood sugar imbalance, digestive issues, allergic reactions, kidney stones, and tooth decay.
Emerging Opportunities
The growing technological advancement and clinical research are creating opportunities for key players in the market. Manufacturers are exploring advanced production techniques to improve the shelf life of blueberry extract while maintaining the nutritional and flavor profiles of blueberry intact.
Scope of Blueberry Extract Market Report
The report on the market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Blueberry Extract Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Form (Powder, Puree, Dried, and Liquid) and Application (Food & Beverages, Cosmetics & Skin Care, Nutraceuticals, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
FutureCeuticals; Berrico FoodCompany; Nutra Green Biotechnology Co.,Ltd.; JF Natural; Bio-Botanica; Carrubba, Inc; Mazza Innovation Ltd; Herbo Nutra; Naturalin; Blueberries Medical Corp.; and International Exhibition Co. Ltd |
Blueberry Extract Market Segment Insights
Based on the form, the blueberry extract market is divided into powder, puree, dried, and liquid. The liquid segment is expected to hold a major revenue share of the market during the forecast period. Manufacturers are preferring production of blueberry extract in liquid form due to its ease of industrial formulation and versatility to use.
Nutraceuticals and food & beverages industries are widely using the liquid form of blueberry extract in their products. This is because the liquid form not only improves the taste and flavor of the product but also provides additional nutritional benefits.
The powder segment is anticipated to expand at a CAGR in the coming years. Pharmaceutical companies are using blueberry extract powder as an ingredient in different tablets and oral medications to prevent form gum and other common diseases. The high antioxidant content of blueberry extract makes it a popular ingredient in dietary supplements and other health products.
In terms of application, the blueberry extract market is fragmented into food & beverages, cosmetics & skincare, nutraceuticals, and others. The food & beverages segment is estimated to hold a key market share during the projected period. This segment growth is attributed to the increasing demand for healthy and nutritious food products.
The rising need for natural blueberry supplements encourages manufacturers to focus on the use of blueberry fruit extract in their products. Blueberry extract is majorly utilized in the production of a variety of food & beverage products including jams, jellies, soft drinks, honey, back goods, filling, and others.
The pharmaceutical segment is expected to hold a considerable market share in the coming years. This is attributed to the increasing interest of pharmaceutical companies in the use of the blueberry extract in their natural supplements and medicines due to its health benefits. Blueberry contains a variety of health factors such as iron, phosphorous, calcium, magnesium, manganese, zinc, and vitamin K. In addition, blueberry extract is also used as a natural colorant and flavoring and flavoring agent in pharmaceuticals.
Regional Outlook
In terms of region, the global blueberry extract market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market owing to the increasing demand for organic blueberry extracts among health and wellness-conscious consumers. North America is a major producer of blueberries due to serval factors including suitable climate conditions, advanced farming techniques, and acidic soil.
Asia Pacific is anticipated to expand at a rapid pace in the global market in the coming years. The rapid expansion of pharmaceuticals, dietary supplements, and food & beverages industries in this region leads to a boost in the use of blueberry extract as an ingredient in manufacturing various products. Premium health and wellness products including blueberry extract are becoming affordable for consumers in this region due to the increasing incomes of the population.
Segments
The global blueberry extract market has been segmented on the basis of
Form
- Powder
- Puree
- Dried
- Liquid
Application
- Food & Beverages
- Cosmetics & Skin Care
- Nutraceuticals
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- FutureCeuticals
- Berrico FoodCompany
- Nutra Green Biotechnology Co.,Ltd.
- JF Natural
- Bio-Botanica
- Carrubba, Inc
- Mazza Innovation Ltd
- Herbo Nutra
- Naturalin
- Blueberries Medical Corp.
- International Exhibition Co. Ltd
Competitive Landscape
Key players in the global blueberry extract market are FutureCeuticals; Berrico FoodCompany; Nutra Green Biotechnology Co.,Ltd.; JF Natural; Bio-Botanica; Carrubba, Inc; Mazza Innovation Ltd; Herbo Nutra; Naturalin; Blueberries Medical Corp.; and International Exhibition Co. Ltd
These companies are boosting their market share by adopting various strategies such as partnerships, mergers, reduction in production costs, launching new products, and implementing advanced technologies.
- In June 2020 – Blueberries Medical Corp. announced that it had completed the development of a line of cannabis-based natural health products, including blueberry cannabis extract in partnership with Cannabis Suisse Corp. The products were expected to be launched in Colombia and Switzerland
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Blueberry Extract Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Blueberry Extract Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Blueberry Extract Market - Supply Chain
4.5. Global Blueberry Extract Market Forecast
4.5.1. Blueberry Extract Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Blueberry Extract Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Blueberry Extract Market Absolute $ Opportunity
5. Global Blueberry Extract Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Blueberry Extract Market Size and Volume Forecast by Applications
5.3.1. Food & Beverages
5.3.2. Cosmetics & Skin Care
5.3.3. Nutraceuticals
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Blueberry Extract Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Blueberry Extract Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Blueberry Extract Demand Share Forecast, 2019-2026
7. North America Blueberry Extract Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Blueberry Extract Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Blueberry Extract Market Size and Volume Forecast by Applications
7.4.1. Food & Beverages
7.4.2. Cosmetics & Skin Care
7.4.3. Nutraceuticals
7.4.4. Others
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Blueberry Extract Demand Share Forecast, 2019-2026
8. Latin America Blueberry Extract Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Blueberry Extract Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Blueberry Extract Market Size and Volume Forecast by Applications
8.4.1. Food & Beverages
8.4.2. Cosmetics & Skin Care
8.4.3. Nutraceuticals
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Blueberry Extract Demand Share Forecast, 2019-2026
9. Europe Blueberry Extract Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Blueberry Extract Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Blueberry Extract Market Size and Volume Forecast by Applications
9.4.1. Food & Beverages
9.4.2. Cosmetics & Skin Care
9.4.3. Nutraceuticals
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Blueberry Extract Demand Share Forecast, 2019-2026
10. Asia Pacific Blueberry Extract Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Blueberry Extract Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Blueberry Extract Market Size and Volume Forecast by Applications
10.4.1. Food & Beverages
10.4.2. Cosmetics & Skin Care
10.4.3. Nutraceuticals
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Blueberry Extract Demand Share Forecast, 2019-2026
11. Middle East & Africa Blueberry Extract Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Blueberry Extract Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Blueberry Extract Market Size and Volume Forecast by Applications
11.4.1. Food & Beverages
11.4.2. Cosmetics & Skin Care
11.4.3. Nutraceuticals
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Blueberry Extract Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Blueberry Extract Market: Market Share Analysis
12.2. Blueberry Extract Distributors and Customers
12.3. Blueberry Extract Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. FutureCeuticals
12.4.2. Berrico FoodCompany
12.4.3. Nutra Green Biotechnology Co.,Ltd.
12.4.4. JF Natural
12.4.5. Bio-Botanica
12.4.6. Carrubba, Inc
12.4.7. Mazza Innovation Ltd
12.4.8. Herbo Nutra
12.4.9. Naturalin
12.4.10. Blueberries Medical Corp.
12.4.11. International Exhibition Co. Ltd
Methodology
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