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

Blueberry ingredients market is segmented into concentrates, jams, sweeteners, dietary fiber, and others. The concentrates segment dominated the market in 2023 and is expected to continue its dominance over the forecast period. Blueberry concentrates have large applications in food and beverage industry for flavoring and coloring baked goods, yogurts, juices, etc. They provide intense blueberry flavor at low usage levels and helps standardize production.

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.
_________________________________________________________________________

Comments

Popular posts from this blog

Blowing Agents in Action: Enhancing Sustainability and Performance in Modern Engineering

Multi-Depth Corrugated Box Market Trends 2023 - Industry Insights, Competition Analysis, Growth Rate and Forecast by 2030

Distributed Generation Market 2023, In-depth Forecast and Size Estimation, Highlights Growth, CAGR Status, and Revenue till 2030