Blueberry is a fruit native to North America, having multiple health benefits. It is been used from ancient times as medicine for various diseases and disorders such as diarrhea, cataracts, urinary tract infections, etc. Blueberry is also known for its efficacy in improving vision. Blueberry is more often consumed as a fruit as well as in extract form. Blueberry extract has applications in different industries such as pharmaceuticals, food and beverage industries, dietary supplements, etc.
The global blueberry market is forecasted to reach USD 4.5 billion by 2024 growing at a CAGR of 6.7% during the forecast period (2019 – 2024).
Top Companies in the Blueberry Ingredient Market : Ingredion Incorporated, AGRANA Beteiligungs AG, DOHLER GmbH., Sensient Technologies, Tianjin Jianfeng Natural Product R&d Co. Ltd, Naturex, Futureceuticals, Scenic Fruit Company
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Scope of the Report
The scope of the blueberry ingredient market includes frozen blueberry, dried blueberry, blueberry juice concentrate, blueberry puree and others. Dried blueberries are sweet, chewy, and delicious, and are mainly available in Native America and First Nations in Canada. By application, the market is segmented as Pharmaceutical, Food and Beverage and Nutraceutical/Dietary Supplement.
Key Market Trends
Increased Trend of Healthy Snacking
Blueberries are among the most nutrient-dense berries as they are high in fiber, vitamin C, vitamin K, and manganese. Health conscious consumers are preferring blueberry contained food products, as blueberries decrease the risk of obesity, diabetes, heart disease, and overall mortality. Blueberries also promote hair and skin health, increased energy, and overall lower weight, which have triggered the demand for food products containing blueberry ingredients. For instance, according to Agriculture and Agri-food Canada, between 2007 and 2016, 1,007 food products containing blueberry ingredients were launched in Canada. Increasing application of blueberry in healthy snack bars and Greek yoghurt is expected to boost the market growth as the consumers are more preferring these products for healthy snack option, as they are low in fat and contains real fruit bits and is a rich source of calcium and protein.
North America dominates the blueberry ingredient market, due to the increased demand from the food industry. Canada is one of world’s largest producers of wild (lowbush) blueberries, which are mainly used for processing and freezing. Europe and Japan are the second largest consumers of blueberry ingredients. The growing trend of healthy snacking is driving the blueberry ingredient market (dried blueberry, frozen) in the United States and Europe. The matured functional food and nutraceutical markets in Japan have also boosted the market for blueberry ingredients.
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The global blueberry market is forecasted to reach USD 4.5 billion by 2024 growing at a CAGR of 6.7% during the forecast period (2019 – 2024)
— MarketInsightsReport (@MIRresearch) July 17, 2019
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