by Blueberries are known for their high levels of antioxidants, vitamins, and nutrients content. They help in boosting immunity, improving eye health, reducing inflammation and risk of chronic diseases. With growing health consciousness, demand for blueberry ingredients is increasing globally. These ingredients finds wide applications in various food and beverage products.
The global Blueberry Ingredients Market is estimated to be valued at US$ 2,277.4 million in 2023 and is expected to exhibit a CAGR of 7.30% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing awareness about various health benefits of blueberries is driving the demand for blueberry ingredients globally. Regular consumption of blueberries have been linked to reduced risk of chronic illnesses such as heart diseases and diabetes. Various studies have highlighted anti-inflammatory and antioxidant properties of blueberries. This is encouraging food and beverage manufacturers to increasingly use blueberry ingredients in various product formulations. The growing knowledge about blueberries health benefits among consumers is expected to boost the blueberry ingredients market during the forecast period.
SWOT Analysis
Strength: Blueberry ingredients offer various health benefits such as they are rich in Vitamin C, antioxidants, and dietary fiber which is driving its demand from health conscious consumers.
Weakness: Seasonal availability of fresh blueberries leads to unstable supply of blueberry ingredients throughout the year. Heavy reliance on wild harvest further poses supply challenges.
Opportunity: Rising popularity of plant-based, healthy, and natural ingredients among consumers opens up new opportunities. Growth of food processing industry also supports market expansion.
Threats: Stringent government regulations around usage and labelling of food ingredients poses compliance challenges. Substitute fruits also compete for similar health-conscious consumer base.
Key Takeaways
The global Blueberry Ingredients market is expected to witness high growth. The global Blueberry Ingredients Market is estimated to be valued at US$ 2,277.4 million in 2023 and is expected to exhibit a CAGR of 7.30% over the forecast period 2023-2030.
North America currently dominates the market backed by large scale blueberry production and growing health awareness. The blueberry ingredients market in North America is projected to grow at a CAGR of 6%, during the forecast period.
Key players operating in the Blueberry Ingredients are Ingredion Incorporated, Dohler GmbH, Sensient Technologies Corporation, Tianjin Jianfeng Natural Product R&D Co. Ltd, Givaudan SA, FutureCeuticals, Scenic Fruit Company, Atlantic Blueberry Company Inc., and Jasper Wyman & Son Inc. Ingredients suppliers are focused on developing innovative product formulations to expand in food and beverage applications.
