Global Blueberry Ingredient Market 2018-2023: CAGR Expected to Grow at 11.8% - ResearchAndMarkets.com

DUBLIN--()--The "Global Blueberry Ingredient Market - Growth, Trend and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

With a global rise in age- and heart-related issues, consumers are increasingly adopting preventive measures to safeguard health through functional food and dietary supplements. Majority of the blueberries are produced in the United States and a few European countries, while other countries are dependent on import. As blueberry ingredients come in the processed form, they have a longer shelf life, when compared to fresh blueberries.

Growing demand for dried blueberry in the breakfast cereal and frozen dessert industries has triggered the growth of the market. The growing demand for fresh blueberries is globally affecting the supply of processed blueberries. In the recent years, the demand for fresh blueberries has increased globally, especially in the European Union. For instance, during 2010-2014, in the European Union, the demand for fresh blueberry has registered a CAGR of 20.4%. The limited supply of blueberry in the region posed a challenge for the blueberry ingredient industry.

Market segmentation by product type includes, frozen blueberry, dried blueberry, concentrate, puree, and others. The frozen blueberry segment holds the largest share in the market, due to its increased consumption in the beverage and frozen dessert industries. The market for dried blueberries is growing at a faster rate, driven by the efficient freeze-dried blueberry technology. Blueberry extract has witnessed an increase in demand from the nutraceutical industry, due to rise in the consumption of supplements.

By end-user application, the blueberry ingredient market is segmented into food & beverage, nutraceutical, and pharmaceutical industries. The food & beverage industry is growing at a faster rate, due to the increased consumer preference for functional food.

Company Profiles

  • Kerr Concentrates
  • AGRANA Beteiligungs-AG
  • DHLER GmbH
  • JF Natural
  • Mazza Innovation Ltd
  • FutureCeuticals Inc.
  • Wyman's
  • Atlantic Blueberry Company
  • Scenic Fruit Company

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Related Topics: Fruit and Vegetables, Food Ingredients

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Fruit and Vegetables, Food Ingredients