Global Cranberry Extracts Market Report Description:
Global cranberry extracts market report gives comprehensive outlook on cranberry extracts across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The report on global cranberry extracts market gives historical, current, and future market sizes (US$ Mn) on the basis of product form, application, distribution channel and region. This report studies global cranberry extracts market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global cranberry extracts market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global cranberry extracts market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global cranberry extracts market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global cranberry extracts products.
Global Cranberry Extracts Market:
The global cranberry extracts market valued US XX Mn in 2019 and is poised to grow with a CAGR of XX% over 2020-2026. Some of the key factors fueling the market growth include increasing demand for natural flavors and pigmenting agent, rising application of cranberry extract and consumer preference for its strong red pigment, changing lifestyle focused more towards natural products, increasing consumer awareness regarding health benefits of cranberry and inclination of consumers towards use of cranberry extract. However, lack of awareness about the medicinal benefits of cranberry extract and fluctuating prices for cranberry fruits are inhibiting the market growth. Also, increased supply chains and well-defined distribution networks will provide huge growth opportunity for the market growth.
Pharmaceuticals Vaccine Accounts for Larger Market Revenue Share in Global Cranberry Extracts Market
Pharmaceuticals accounted for larger revenue share in global cranberry extracts market with a CAGR of XX% and is expected to grow over the forecast years due to growing consumer demand for natural flavors and pigments and medicines with natural ingredients. Cranberry has been used for reducing the risk of “bladder infections”. It has also been used for decreasing the smell of urine in people who are unable to control urination.
North America Accounts for Larger Market Revenue Share in Global Cranberry Extracts Market
North America accounted for larger revenue share in global cranberry extracts market with a CAGR of XX% and is expected to grow over the forecast years due to high consumption of cranberry extracts which benefits possible health and nutrition have more demand in the region. The consumption of cranberries is mostly consumed in the form of juice due to the sour taste of the cranberries when consumed raw. U.S is one of the main contributor of cranberry extract for its food and beverages industry which is followed by other emerging regions and is likely to record an increase in consumption of cranberry extract.
Key player’s profiles in the global cranberry extracts market include:
- Fruit d’Or Nutraceuticals
- Diana Food
- Zhejiang Jianfeng Health
- Hunan Huacheng
Global cranberry extracts market is surging owing to strategic alliances by key players for cranberry extracts to meet the demands of the customers in the market.
Key Findings of the Report:
- Global cranberry extracts market expanding at significant CAGR over 2020 to 2026 owing to increasing demand for natural flavors and pigmenting agent
- Based on region, North America accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global cranberry extracts market
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
By Product Form
- Food & Beverages
- Personal care and beauty products
By Distribution Channel
- North America
- Rest of Europe
- Au & NZ
- Rest of Europe
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of MEA