A Look at 2020's Red Berries Market Booming Worldwide By Top Emerging Key Players: Ocean Spray Cranberry Inc.,Döhler Group,SunOpta, Inc.,Hortex Group,Milne Fruit Products,Fruit d'Or

Red berries are pulpy fruits used across various food applications such as beverages, bakery, sauces, nutraceuticals, and snacks. They are also used in dairy food products to enhance flavors such as flavored ice creams and shakes. On the basis of nature the market is classified into organic and conventional.

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Drivers:

Growing demand for natural flavors across the food and beverage industry is predominantly fueling the market growth of the red berries. This is attributed to growing health-conscious consumers due to rising awareness regarding the negative health effects of artificial additives and ingredients in the food products. Moreover, the growing demand for frozen fruits is also anticipated to augment the market growth of red berries.

The global red berries market is projected to reach around US$ 25.6 million by the end of 2027, in terms of revenue, growing at CAGR of 3.1% during the forecast period (2020-2027).

Market Opportunities

Growing demand for powder form of red berries in various food products is expected to serve major growth opportunities to the market of red berries. Powder form red berries are widely used in the preparation of bakery food products, thus growing consumption of bakery food products around the globe is projected to foster the market growth of the red berries over the forecast period. Moreover, growing demand for fruit preserves is also expected to augment the market growth.

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Increasing demand for healthy bars among consumers is expected to offer potential opportunities to the market of red berries. For instance, in May 2018, Kellogg’s re-launched Special K cereal bars. The snacks also contain cereal crispies and whole wheat flakes for a lighter texture. The current flavors have been replaced by four new flavors – Juicy Red Berry, Milk Chocolate, Apricot & Sultanas, and Dark Chocolate & Cranberries.

Global Red Berries Market - Impact of Coronavirus (Covid-19) Pandemic

Beverage companies are facing reduced consumption and supply chain disruption challenges due to Corona virus pandemic. While at-home consumption has seen significant growth during the crisis, out-of home consumption has come to a standstill. Once the situation normalizes out-of home consumption will pick up again.This is expected to hamper the demand for red berries for short period. According to Coherent Market Insights, red berries market is expected to grow at a significant rate between 2020 and 2021.

Competitive Section:

Company Names
. Ocean Spray Cranberry Inc.
. Döhler Group
. SunOpta, Inc.
. Hortex Group
. Milne Fruit Products
. Fruit d'Or
. Few Recent Developments
. Ocean Spray Cranberry Inc.

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This release was published on openPR.