Cranberries Global Market Analysis, Trends, Growth, Research And Forecast 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Cranberries Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.83 billion In 2028 At A CAGR Of 4.8% :

The cranberries market size has grown steadily in recent years. It will grow from $2.25 billion in 2023 to $2.35 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to the increased traditional use of food products, increased consumer awareness of health benefits, expansion of cranberry cultivation, rise in consumption of on-the-go snacks, and increased demand from the processing Industry.

The cranberries market size is expected to see steady growth in the next few years. It will grow to $2.83 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to the growing popularity of cranberry-based functional beverages, rising plant-based and vegan food trends, increased demand for organic and natural products, rising consumer interest in diets, and growing interest in urinary tract infection (UTI) prevention. Major trends in the forecast period include cranberry-based health and wellness products, new flavored cranberry product lines, sustainable products, organic ingredients, and innovations in processing techniques.

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Cranberries Market Major Segments
The cranberries market covered in this report is segmented -

1) By Product Type: Fresh Fruits, Freeze Dried, Air Dried, Other Product Types
2) By Nature: Conventional, Organic
3) By End-User: Bakery, Confectionaries, Dairy Products, Beverages, Cereals, Other End Users

Key Driver - Growing Consumer Demand For Organic Goods Boosts Cranberries Market Growth

Growing consumer demand for organic goods is expected to propel the growth of the cranberries market. Organic goods refer to products produced and processed according to organic farming standards, which prohibit synthetic pesticides, fertilizers, genetically modified organisms (GMOs), and other artificial additives. Demand for organic goods is on the rise due to several factors, including increasing health consciousness among consumers and growing awareness about the environmental impact of conventional farming practices. Cranberries are utilized in organic food products to offer natural tartness and nutritional benefits while aligning with consumers' preferences for organic, pesticide-free options. For instance, in June 2022, according to a survey published by the Organic Trade Association (OTA), a US-based business association for the organic industry in North America, it was revealed that organic industry sales surpassed $63 billion, with $1.4 billion (2%) in total growth over the preceding year. Additionally, organic food, which accounted for over 90% of organic product sales, experienced 2% growth, reaching $57.5 billion. Therefore, the growing consumer demand for organic goods is driving the growth of the cranberries market.

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Prominent Trend - Innovative Cranberry Products For Offering Standardized Alternative

Major companies operating in the cranberries market focus on developing innovative products, such as standardized whole fruit cranberry powder, to gain a competative edge in the market. Standardized whole-fruit cranberry powder refers to a finely milled cranberry powder with consistent levels of active ingredients. For instance, in January 2022, Fruit d'Or, a Canada-based cranberry processing company, launched the Pro Cran d'Or and Pro Cran Naturelle 80-mesh cranberry powders used for softgels and gummie*s. These are the first powders made from whole-fruit cranberries and meet FDA (Food and Drug Administration) requirements for a health claim regarding reduced UTI (Urinary Tract Infection) risk. It has a particle size of 80 mesh, which prevents leakage in softgels and offers versatility for various delivery systems. These powders can be blended with other ingredients and are suitable for use in smoothies, bars, dairy products, and cosmetics.

Cranberries Market Players
Major companies operating in the cranberries market report are Del Monte Foods Inc.; Ocean Spray Cranberries Inc.; Mariani Packing Co. Inc.; Sun-Maid Growers of California; Traina Foods Inc.; Meduri Farms Inc.; Decas Cranberry Products Inc.; Eden Foods; Citadelle Camp Coop; Fruit d'Or Inc.; Sisters Fruit Company; Royal Nut Company; Graceland Fruit Inc.; Rostaa Superfoods; Stoneridge Orchards; Sundance Vitamins LLC; Fresh Meadows Cranberries; Honestly Cranberry; Michigan Cranberry Co.; Muskoka Lakes Farm and Winery; New England Cranberry; Cape Blanco Cranberries Inc.; Habelman Bros. Co.; Sun Organic Industries Pvt. Ltd.; Mitthi Foods

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Largest And Fastest Growing Region In The Market
North America was the largest region in the cranberries market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the cranberries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cranberries Market Report Structure
3. Cranberries Market Trends And Strategies
4. Cranberries Market - Macro Economic Scenario
5. Cranberries Market Size And Growth
…..
27. Cranberries Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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