July 08, 2022
According to the research report titled ‘Global Blueberry Ingredient Market Size study, by Application (Pharmaceutical, Food and Beverage and Nutraceutical/Dietary Supplement), Ingredient Type (Frozen Blueberry, Dried Blueberry, Blueberry Juice Concentrate, Blueberry Puree, and Others), and Regional Forecasts 2022-2028’, available with MarketStudyReport, global blueberry ingredient market is slated to grow at 7.34% CAGR through 2028.
Surging demand from the food sector, coupled with growing public consciousness about the health benefits of the product are parameters fueling global blueberry ingredient industry development.
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For the unaware, blueberries are one of the most nutritionally advanced berries as they are full of fiber, vitamin C, vitamin K, and manganese. Health-fanatic consumers favor blueberries since they minimize the chances of diabetes, heart disease, obesity, and mortality risk. They also aid in healthy skin, boost metabolism, and promote weight loss, which has increased the demand for blueberry-based foods.
Moreover, frequent launch of innovative products, and several acquisition activities among key players are accelerating market expansion.
However, the short shelf life of the product is a major cause for concern which is likely to hamper the progress of the business sphere in the forthcoming years.
Worldwide blueberry ingredient market is classified in terms of ingredient type and application spectrum to provide the interested parties with a clear depiction of investment avenues through the analysis timeframe. Concerning ingredient type, the business sphere is classified into blueberry puree, frozen blueberry, blueberry juice concentrate, dried blueberry, and others. With respect to application spectrum, the market is split into nutraceutical/dietary supplement, pharmaceutical, and food &
beverage.
For a better understanding of the geographical scope of the market, the study assesses several regions like North America, Asia Pacific, Europe, and Latin America. Of these, North America is estimated to account for a substantial market share during the projected timeline, owing to the expanding use of the product in healthy snack bars, along with consumer consciousness about product’s health benefits.
The prominent companies defining the competitive hierarchy of global blueberry ingredient industry are Scenic Fruit Company, Ingredion Incorporated, Sensient Technologies, Nutra Green Biotechnology Co. Ltd., R. J. Van Drunen & Sons Inc., Carruba Inc., Tianjin Jianfeng Natural Product R&D Co. Ltd., Agrana Group, Givaudan, and Dohler GmbH among others.