Rising application base of blueberry extracts in cosmetics industry is projected to escalate the blueberry extract market at a CAGR of 10.1%
Latest market study on "Global Blueberry Extracts Market to 2027 – Analysis and Forecasts by Form (Liquid, Powder, Dried (Dehydrated), and Puree); Applications (Food and Beverages, Cosmetics and Skin Care, Nutraceuticals, Others); Distribution Channel (Direct Sale, Indirect Sale), and Geography", The global blueberry extracts market is accounted to US$ 201.0 Mn in 2018 and is expected to grow at a CAGR of 10.1% during the forecast period 2019 – 2027, to account to US$ 475.9 Mn by 2027. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Blueberry extract are extracted from small blue berries which grows on the perennial flowering bush Cyanococcus. These extracts are considered as a natural health supplement which is prepared from concentrated blueberry juice. Blueberry extract are known for rich nutritional profile and a rich source of antioxidants, beneficial plant compounds, such as flavonol and anthocyanins, and other vital nutrients. The global blueberry extract market, by application, has been segmented into food and beverages, cosmetics and skin care, nutraceuticals and others. The nutraceuticals segment grows at a faster rate in the global blueberry extract market. The growth of the segment is primarily attributed to the rising health consciousness among consumers coupled with increasing consumer inclination towards functional foods and dietary supplements. Blueberry extract is known to possess a rich phytochemical profile along with high content of antioxidant, which makes it ideal to be used in preparation of dietary supplements. Such inherent nutritional profile of blueberry extracts has led to an increase in demand from nutraceutical industry. These factors are propelling the growth of the blueberry extract market in nutraceutical segment globally.
Natural ingredients are becoming more prevalent in the formulations for cosmetic and skincare purposes due to growing consumer concerns associated with synthetic ingredients and chemical substances. With the growth of the skincare industry, the use of plant extracts has been extended to skincare and personal care applications Blueberry fruit extract is a natural ingredient which is known for its high nutritional value, a potent antioxidant and skin-conditioning properties. The rising awareness about the nutritional benefits of these berries has been a major factor driving the growth of the global blueberry extract market. Blueberry extract is rich with anthocyanin, vitamin C, and antioxidants. Hence, they are being used in the preparation of face masks to prevent premature aging. Thus, the surge in the demand for the blueberry extract in cosmetic and skin care products is expected to provide significant growth opportunities to the blueberry extract providers in the near future.
The market for global blueberry extract market is concentrated with some very well-established players. Some of the key players in the global blueberry extract market are Berrico, Bio Botanica, Carrubba Inc., FutureCeuticals, Inc., HerboNutra, Life Extension, Mazza Innovation, Naturalin, Nutragreen Biotechnology and Shaanxi Guanjie Technology Co., Ltd., among others.
