Global Blueberry Extract Market - 2022-2029

Market Overview

Blueberry Extract Market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of YY% during the forecast period (2022-2029).

Blueberry is a small fruit belonging to the genus vaccinium. Blueberry extract is a natural health supplement made from blueberry juice. It can be sourced from cultivated blueberries or small wild blueberries. It is a rich source of nutrients and antioxidants and contains beneficial plant compounds, including flavonol quercetin and anthocyanins. Lycopene is an antioxidant that occurs in blueberries. The blueberry extract contains chlorogenic acid, which has various health benefits as it helps prevent weight gain. It is also high in micronutrients as they contain vitamins and minerals and provide various health benefits. Hence, owing to its various advantages, blueberry extract is used in various sectors such as pharmaceutical, food and beverage.

Market Dynamics: Increasing health benefits with consumption of blueberry extract

Blueberry extract is a health supplement made from concentrated blueberry juice. It is a rich source of antioxidants, fiber, and vitamin C. Blueberry extract helps improve blood vessel health. It is beneficial for age-related macular degeneration, Alzheimer's disease, diabetes, heart disease, high blood pressure and high cholesterol. Consuming blueberry extract helps to improve some aspects of cognitive function in adults and also improves insulin resistance and glucose tolerance. Blueberry also helps in the absorption of iron and promotes wound healing. It helps prevent or delays the development of certain cancers, cardiovascular diseases, and other diseases in which oxidative stress plays a role. Blueberry extract is a rich source of manganese. It is important for enzyme activation in the body, carbohydrate and protein production, sex hormone production and bone development. Antioxidant and anti-inflammatory ingredients properties in blackberry extract support brain function. It also helps lower high blood pressure and improves insulin resistance in those at risk of developing type 2 diabetes. The antioxidants in the blueberry extract can help to improve skin health. According to a study published in Oxidative Medicine and Cellular Longevity reports, consuming blueberry extract can reduce skin inflammation and damage caused by pollution. These health benefits of blueberry extract drive the growth of the market.

Market Segmentation: Liquid segment accounted for the highest share in global blueberry extract market

In 2021, the liquid segment had the highest revenue share of more than XX percent. The Liquid segment is the major segment generating revenue in 2021. It is mainly because the liquid form of blueberry is easily consumed. Moreover, manufacturers are increasing the production of blueberry in liquid form, raising the availability of liquid form and thus propelling the market growth.

In 2021, the powder blueberry extract had the highest revenue share of over XX percent. Blueberry powder is full of flavors and nutrients. It helps to heal the body and is also rich in the taste of blueberry. The nutrient content in supplements is often standardized, unlike with fresh whole blueberries. Blueberry powder helps prevent neurological disorders such as Alzheimer's and Parkinson's disease, lower blood pressure and cholesterol levels, and fight cancer. Blueberry extracts and powders are convenient and a good alternative to fresh seasonal berries. Moreover, blueberry powder is used in various dishes to spice up the diet.

Geographical Penetration: Asia Pacific is the dominating region during the forecast period.

In 2021, the Asia Pacific region had the highest revenue share of almost XX percent. The growing demand for a blueberry extract from Asia-Pacific offers a great opportunity for the market growth owing to the growing awareness among consumers regarding healthy and natural products, which boosts the market in the region. There is an increasing demand for blueberry extract in India. India imported 2,000 tonnes of blueberries from the US and the trade is growing at a rate of around 30 percent a year. Imports of dried blueberries grew from almost zero in 2009 to 1,800 tonnes in 2020, and in the same year, Indian imports of fresh blueberries were 100 tonnes. Moreover, rising adoption of organic products and the rising demand for blueberries in the food and beverages industry is expected to drive the market growth.

North America is one of the fastest growing regions in the global blueberry extract market. The United States dominates the market for North America blueberry extract, driven by the increased health and wellness consumers and growing demand for organic blueberry extracts. About two percent of the general population of the US suffer from chronic disease and non-healing wounds. The cost of caring for those wounds is estimated to exceed 50$ billion annually. Blueberry extract is good for wound healing and chronic disease. Doctors in the US also recommend the consumption of blueberry extract for better results in wound healing and chronic disease, which drives the market growth in this region.

Competitive Landscape:

There are several established participants in the industry and local manufacturers; hence, the market is fragmented. Several manufacturers and suppliers are working on logistic development and distribution channel enhancement to strengthen their position. Some major market players are Bio-Botanica, Carrubba Inc, FutureCeuticals, Mazza Innovation Ltd, Nutra Green Biotechnology Co., Ltd. And Herbo Nutra, among others. Some major key players follow strategic acquisitions to grow their portfolios. For instance, in June 2020, Blueberries Medical Corp. collaborated with Medcann to develop and produce blueberry cannabis extracts. In February 2020, The Van Drunen Family of companies partnered with Folium Company. This partnership helped folium increase its sales in the food & beverage and supplements category like blueberry extract.

COVID-19 Impact: Negative impact on the global blueberry extracts market

COVID-19 impacted greatly on the growth of the blueberry extract market. The outbreak has been affecting economies in various countries due to lockdowns, travel bans, and business shutdowns to stop the spread of COVID-19. During the lockdown, there was a disruption in the manufacturing of the food and beverages industry owing to less availability of human resources. Moreover, the production capacity of the blueberry extract is also decreased due to the unavailability of raw materials which is entirely dependent on imports and exports from various countries. These factors negatively impacted the growth of global blueberry extract market.

The global blueberry extract market report would provide an access to approximately 53 market data tables, 46 figures and 170 pages.