DUBLIN--(BUSINESS WIRE)--The "Global Blueberry Extract Market - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global blueberry extract market is anticipated to record a CAGR of 12% from 2018-2023. Blueberry extract has observed an increased demand from the nutraceutical industry, due to its inherent nutritional profile.
Increased demand for dietary supplement and nutraceutical products, growing aging population, and rising demand for organic blueberry extract, are the various factors driving the market. The United States is the largest market for organic blueberry extract, owing to consumer preference for organic fruits. The trend is growing at a faster rate in Europe as well.
Market segmentation by product types includes liquid, powder, and pill/capsules. Blueberry extract in liquid form holds a significant share in the market, owing to the ease of industrial product formulation, as compared to powder form. Dietary supplement/Nutraceutical, pharmaceutical, and food & beverage are the various industrial applications of blueberry extract. The less strict regulatory requirement for dietary supplement, as compared to the pharmaceutical industry has supported the blueberry extract market growth. A pharmaceutical drug based on blueberry extract requires OTC drug approval, which is not the case with nutraceutical products. The demand of blueberry extract in the food & beverage industry is growing, due to the growing demand for functional food products.
- April 2017 - Naturex launched wild blueberry extract that is associated with memory improvement.
Key Topics Covered
2. Research Approach and Methodology
3. Market Overview
4. Market Segmentation
5. Competitive Landscape
6. List of Company Profiles
- Nutragreen Biotechnology Co. Ltd
- Carruba Inc.
- Shanxi Guanjie Bio-technology Co. Ltd
- Life Extension
- JF Natural
- Bio-Botanica Inc.
- Mazza Innovation Ltd
For more information about this report visit https://www.researchandmarkets.com/research/dp7xqw/blueberry_extract?w=4