Cranberry Extracts Market size is expected to grow at a CAGR of 6.6% during the forecast period 2022 to 2028. Cranberry is an evergreen plant that flourishes in moist environments like marshes and swamps. This shrub is found in the northern regions of the United States. Cranberry extract comes in various forms, such as liquid, anthocyanin pigment, and powder. The global market provides a detailed overview of the Cranberry Extracts market size, and that can be segmented by product, by application, and by Distribution channel. By product, the Cranberry Extracts market has been segmented into Liquid, Dried, and Powder. The liquid segment is likely to be the significant growing segment in terms of product. Liquid cranberry is a concentrated product found in liquid form, which can be utilized as an ingredient or additive in numerous beverages and food. Cranberry fruit has been traditionally utilized for curing urinary tract infections (UTI), as it has a diuretic effect. It comprises proanthocyanidins, phenolic acids, and anthocyanins which act together to stop the formation of particular kinds of bacterial biofilms on epithelial surfaces such as gall bladder, kidneys, etc., consequently preventing UTIs. Based on Application, the Cranberry Extracts market is segmented into Food & Beverages, Pharmaceuticals, Nutraceuticals, Confectionary, Bakery Products, and Personal care & beauty products. Among these, the nutraceuticals segment is expected to have a significantly growing market during the forecast period 2022-2028. Cranberry extract is widely used in manufacturing dietary supplements due to its antioxidant properties. It comprises flavonoids, tannins, and anthocyanins which are helpful for health as they act as antioxidants that avoid damage to free radicals. Cranberries also possess anti-inflammatory effects on the cells, which help defend them from infections and other inflammatory disorders like arthritis and atherosclerosis, among others. Based on the Distribution channel, the Cranberry Extracts market is segmented into Direct, Distributors, Wholesalers, and Online. The Distributors segment is expected to have a significant share in 2021.
Fastest Growing Market
The growing consumer awareness concerning the health benefits of cranberry is anticipated to propel the market growth over the forecast years. Moreover, the fast urbanization, along with changing lifestyle, increasing dispersible income are burgeoning the market growth over the forecast years.
The cranberry extracts market is projected to expand at a CAGR of 6.6% during the forecast period
AxoGen Inc. (U.S.), Baxter International (U.S.), Medtronic (US), Cyberonics Inc. (U.S.), Integra Lifesciences Corporation (U.S.), Boston Scientific (US), Abbott Laboratories (US), LivaNova (UK), Baxter (US), AxoGen (US), Stryker (US)
North America is the fastest-growing region for cranberry extracts market