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Blueberry Ingredient Market Size

Report ID: GMI7522
Published Date: Nov 2023
Report Format: PDF

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Blueberry Ingredient Market Size

Blueberry Ingredient Market size was valued at USD 2.23 billion in 2022 and is estimated to expand at 7.5% CAGR from 2023 to 2032. Blueberry components are in high demand in the market due to a few reasons, including growing awareness of their health advantages and nutritional profile. Blueberries are praised for their antioxidant features, high quantities of vitamins and minerals, and potential health benefits.

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Blueberry ingredients are in high demand in a variety of applications, including food, drinks, and supplements, as customers emphasize well-being and seek natural, functional ingredients. Blueberry ingredients are a sought-after choice in the worldwide market, supporting continued development and innovation in the food and beverage sector because to their adaptability and rising desire for pure and nutritious goods.

Blueberry Ingredient Market Report Attributes
Report Attribute	Details
Base Year:	2022
Blueberry Ingredient Market Size in 2022:	USD 2.23 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	7.5%
2032 Value Projection:	USD 4.60 Billion
Historical Data for:	2018 – 2022
No. of Pages:	180
Tables, Charts & Figures:	254
Segments covered:	Ingredient type, application, and distribution channel
Growth Drivers:	Rising consumer demand for healthy and natural ingredients Increasing demand for functional foods and beverages Growing awareness of health benefits of blueberries
Pitfalls & Challenges:	Seasonal variations in blueberry availability Availability of substitute ingredients

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Seasonal fluctuations in blueberry availability severely limit revenue growth in the blueberry ingredients market. Blueberries are a seasonal fruit that can only be harvested at certain times of the year. During the off-season, when fresh blueberries are limited or unavailable, the market faces less supply, which leads to higher pricing and probable quality changes. This seasonality not only complicates blueberry ingredient production but also has an impact on the cost-effectiveness of procurement and processing. Manufacturers and suppliers may face logistical challenges and increased costs because of storage and preservation technologies used to ensure a year-round supply.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of blueberry ingredient reached USD 2.23 billion in 2022 and is set to cross USD 4.60 billion by the end of 2032, due to the growing awareness of health advantages and nutritional profile of blueberries`.

Food & beverages segment share was around 45.5% in 2022, owing to the versatile profile of blueberry ingredients, which includes flavor, color, and health-promoting properties, that makes them a popular choice for F&B manufacturers.

North America market share was worth USD 895.5 million in 2022, attributed to the adaptability of blueberry components, which may be found in beverages, snacks, and baked products, providing tasty and healthful options.

Archer Daniels Midland Company, Kerry Group plc, Symrise AG, Sensient Technologies Corporation, Naturex S.A., The Green Labs LLC, SVZ International B.V., Berry Global Group, Inc., Graceland Fruit, Inc., Ocean Spray Cranberries, Inc., Medtronic plc, and Nutra Food Ingredients, LLC.