July 23, 2024

Blueberry Ingredients Market Propelled by Rising Demand for Phytonutrients, Antioxidants And Fiber

Blueberries are a rich source of vitamin K, vitamin C and manganese. They also contain anthocyanins and other polyphenolic compounds that act as powerful antioxidants. Regular consumption of blueberries has been associated with reduced risk of heart disease, diabetes, impaired brain function and neurodegenerative diseases. The global Blueberry Ingredients Market is estimated to be valued at US$ 2,2277.4 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The blueberry ingredients market is expected to witness significant growth owing to rising demand for phytonutrients, antioxidants and fiber-rich foods. Blueberries are a rich source of fiber that aids in digestion and lowering cholesterol levels. They also contain phytonutrients like anthocyanins and ellagic acid that neutralize free radicals in the body and reduce the risk of chronic diseases like cancer. With growing health consciousness, consumers are increasingly using blueberry ingredients as a nutritional supplement. Furthermore, the blueberry ingredients can be easily incorporated into a variety of food and beverage products like yogurts, cereals, juice blends and smoothies. The vibrant color and appealing taste makes blueberries a popular ingredient for food product development.

SWOT Analysis
Strength: Blueberries have high nutritional value and various health benefits like improving heart health and boosting immunity. They contain antioxidant compounds like anthocyanins that support overall well-being.
Weakness: Blueberry crops are highly perishable in nature and have a short shelf life. Adverse weather conditions can negatively impact blueberry yields.
Opportunity: Rising health consciousness among consumers is driving the demand for blueberry ingredients in food & beverages, dietary supplements and personal care products. Products with blueberry extracts are finding increased applications.
Threats: Supply chain disruptions and stringent food safety regulations pose challenges. Intense competition from substitute fruits may affect market share.

Key Takeaways

The global blueberry ingredients market is expected to witness high growth.

Regional analysis: North America region currently dominates the market and is expected to continue its dominance over the forecast period. States like Oregon, Michigan, Georgia and New Jersey in the US are major producers of blueberries.

Key players operating in the blueberry ingredients market are Ingredion Incorporated, AGRANA Beteiligungs-AG, 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. The key players are focusing on new product launches, partnerships and expansions to gain market share.