Global Cranberry Extract Market: Industry Size, Analysis, Drivers, Restraints, Opportunities, Threats, Competition and Growth Forecasts by Segments, 2022 to 2029: IMR
Market Overview:
The Global Cranberry Extract market was valued at USD 104.27 million in 2021 and is expected to reach USD 129.64 million by the year 2028, at a CAGR of 3.16%
Cranberry extract has always been widely used for reducing the risk of “bladder infections”, it contains proanthocyanidins, which makes it impossible for the bacteria to stick to the growth of the human body. Consequently, it lowers the likelihood of infection. Immunity, blood flow in the arteries, and protection against cardiovascular diseases are all enhanced by cranberry extract. Vitamin C and antioxidants in cranberry extract help rejuvenate and protect skin cells from damage. The market for cranberry extract is expected to reach USD 100.95 million by 2020, according to the analyst. This is due to the growing global awareness of health issues. The increasing awareness of health across the globe and factors like growing concern about health and skincare are increasing the market size of Cranberry Extract.
The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
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Market Dynamics and Factors:
One of the main drivers of the market for cranberry extract is the rising demand for natural flavors and pigmentation agents. Natural pigments like anthocyanins and proanthocyanidins give cranberry extract its distinctive red color and provide numerous health benefits, including antioxidant and anti-inflammatory properties. These regular shades are popular among food and drink makers, as they give an alluring option in contrast to engineered colorings and flavorings, which can be destructive to well-being and have negative natural effects. In addition, there has been a significant shift toward the consumption of natural and organic products as a result of consumer awareness of the health benefits of natural products.
The introduction of new cranberry-flavored products by key players is expected to grow the market in the future. In the confectionery and bakery industries, as well as in a variety of food and beverage products like juices, teas, energy drinks, and nutritional bars, cranberry extract is frequently used as a flavoring agent. The developing interest in normal and quality food items has prompted rising interest in the utilization of cranberry removal as a characteristic-enhancing specialist. Central members in the cranberry extricate market have been presenting new cranberry-seasoned items because of this pattern. Because they are made with natural ingredients and contain the beneficial properties of cranberry extract, these products are frequently promoted as healthier alternatives to conventional products that are flavored artificially.
Cranberry Extract Market Report Highlight:
- By type, the Powder segment is anticipated to lead the growth of the Cranberry Extract market in the forecasted timeframe. Powdered cranberry extract is the most commonly used type of cranberry extract due to its ease of use, versatility, and longer shelf life compared to liquid and dried forms.
- By Application, the nutraceuticals segment is expected to have the highest share of the Cranberry Extract market over the projected period Cranberry extract is widely used in the nutraceuticals industry due to its high concentration of antioxidants, which have been linked to several health benefits, including urinary tract health and immune system support.
- The North American region is expected to have the highest share of the Cranberry Extract market over the projected period. The consumption of cranberry extract, which is good for health and nutrition, is more popular in North American regions, and this demand is expected to continue.
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Top Key Players Covered In The Cranberry Extract Market:
- NOW Foods (U.S.)
- Ocean Spray (U.S.)
- Pharmavite (U.S.)
- Nature’s Way (U.S.)
- SWISSE (Australia)
- Gaia (U.S.)
- Nature Best (U.S.)
- The Green Labs (Mexico)
- RB (U.K.)
- Amway (U.S.), and Other Major Players.
Key Industry Development:
In November 2021, Ocean Spray Cranberries, Inc. and Brightseed, an AI-driven bioscience company that aims to profile cranberry compounds and discover new connections between cranberries and human health using Brightseed’s A.I., Forager, have announced a partnership agreement.
Cranberry Extract Market Segmentation:
By Type
- Liquid
- Dried
- Powder
By Application
- Food and Beverages
- Pharmaceuticals
- Nutraceuticals
- Confectionary
- Personal Care
- Beauty Products
- Others
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For this report, Introspective Market Research has segmented the Cranberry Extract Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
North America
- The U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest Of Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
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Scope of the Report:
The latest research on the Cranberry Extract market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Cranberry Extract industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Cranberry Extract market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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