Blueberry Ingredients Market is Projected to Driven by Increased Food Innovation
Blueberry ingredients such as blueberry powder, blueberry
concentrate and blueberry extracts are widely used in functional food and
dietary supplements due to their nutritional benefits. Blueberries are known to
be rich in vitamins, antioxidants and other compounds that promote heart, brain
and eye health. The global blueberry ingredients market offers product
manufacturers natural and clean label ways to incorporate blueberry's
health-promoting qualities into their products.
The global blueberry ingredients market is estimated to be
valued at US$ 2,2277.4 million in 2023 and is expected to exhibit a CAGR of
7.30% over the forecast period 2023-2030, as highlighted in a new report
published by Coherent Market Insights.
Market key trends:
Growth Accelerated by Increased Food Innovation
The increasing demand for functional and plant-based foods has led food
formulators and manufacturers to innovate with superfruits like blueberries.
Blueberry ingredients allow the development of products with blueberry flavor
and color without using whole or fresh blueberries, expanding applications from
beverages to bakery and savory snacks. As consumers demand more nutrition from
their diet, blueberry ingredients are increasingly used to develop snacks and
convenience foods with perceived health benefits. This trend of food innovation
driven by consumer demand is expected to drive the blueberry ingredients market
over the forecast period.
Segment Analysis
Key Takeaways
The global blueberry ingredients market is expected to witness high growth over the forecast period. The market is projected to reach a value of US$ 3,495.9 Million by 2030, expanding at a CAGR of 7.30% from 2023 to 2030.
North America dominated the global market in 2023 and is expected to continue dominating over the next seven years. The US accounted for the largest share in the North American blueberry ingredients market due to larged production and consumption of blueberries in the country. Canada is another major market in the region.
Key players operating in the blueberry ingredients market are Ingredion Incorporated, Dohler GmbH, Sensient Technologies Corporation, Tianjin Jianfeng Natural Product R&D Co. Ltd, Givaudan SA, FutureCeuticals, Scenic Fruit Company, Atlantic Blueberry Company Inc., and Jasper Wyman & Son Inc. Ingredion has a strong global presence with production facilities around the world. Dohler GmbH specializes in natural plant ingredients and offers organic and non-GMO blueberry ingredients.
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