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Blueberries Global Market Report 2024 by The Business Research Company | Nestle S.A, United Natural Foods Inc., The Kraft Heinz Company, General Mills Inc., WK Kellogg Co, Conagra Brands Inc., The Hershey Company, Campbell Soup Company, Dole plc, Ingredio
The blueberries market size has grown strongly in recent years. It will grow from $8.73 billion in 2023 to $9.25 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to growing consumer awareness of health benefits, the expansion of blueberry cultivation areas, increased demand from the food processing industry, the rise of blueberry-containing products, and the and the growing popularity of blueberry-based desserts.The blueberries market size is expected to see strong growth in the next few years. It will grow to $5.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to shift towards sustainable farming practices, changing dietary preferences towards plant-based foods, regulatory changes impacting production and distribution, integration of blueberries into functional foods and beverages, climate change affecting cultivation patterns. Major trends in the forecast period include increased focus on value-added blueberry products, emergence of premium blueberry varieties, adoption of blockchain technology for supply chain transparency, customization of blueberry products for specific consumer demographics, collaboration between growers and chefs for culinary innovation.
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Blueberries Market Major Segments
The blueberries market covered in this report is segmented -
1) By Type: Frozen Blueberry, Dried Blueberry, Blueberry Juice Concentrate, Blueberry Puree, Other Types
2) By Distribution Channel: Super Markets, Convenience Stores, Online Channels, Other Distribution Channels
3) By End-User: Business To Business (B2B), Sauces And Dressings, Bakery And Confectionery, Snacks And Savory Products, Ice Creams, Beverages, Other End-Users
Key Driver - Healthy Beverage Consumption Boosts Blueberries Market
The increasing consumption of healthy beverages is expected to propel the growth of the blueberries market going forward. Healthy beverages provide beneficial nutrients and contribute to overall health and well-being. Blueberries are often used as ingredients in healthy beverages such as smoothies, juices, and teas due to their nutritional value and antioxidant properties. For instance, in 2021, according to the Government of Canada, a Canada-based government agency, the metric tons production of Lowbush blueberries in 2021 was 73,773, which increased to 110,132 in 2022. Therefore, the increasing consumption of healthy beverages drives the blueberries market.
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Prominent Trend - Premium Varieties Advancing The Blueberry Market
Major companies operating in the blueberry market are innovating value-added and high-quality cultivars with enhanced flavor profiles such as premium blueberry varieties, to develop highly productive blueberries to capture value and differentiate themselves in a competitive market landscape. Premium blueberry varieties are distinguished by their superior quality, taste, and characteristics, often commanding higher prices in the market due to their exceptional attributes. For instance, in February 2024, Inka's Berries, a Peru-based fresh blueberry development and production company, launched the Abril Blue+ and Alessia Blue+ varieties. This launch boasts robustness, resilience, exceptional flavor, a long post-harvest shelf life, large caliber, and sweetness. Their introduction showcases Inka's Berries' commitment to innovation, addressing market demands, and tackling climate change challenges, thus potentially reshaping the blueberry market with enhanced productivity, quality, and climate resilience.
Blueberries Market Players
Major companies operating in the blueberries market are Nestle S.A, United Natural Foods Inc., The Kraft Heinz Company, General Mills Inc., WK Kellogg Co, Conagra Brands Inc., The Hershey Company, Campbell Soup Company, Dole plc, Ingredion Incorporated, J.R. Simplot Co., Fresh Del Monte Produce Inc., AGRANA Beteiligungs AG, Döhler GmbH, The Hain Celestial Group Inc., Seneca Foods Corporation, Ardo NV, Sensient Technologies, Hortifrut, SunOpta Inc., Earthbound Farm, Naturex, Driscoll's Inc., Scenic Fruit Company, Bio-Botanica Inc., Harbin Gaotai Food Co. Ltd., Sun World International LLC, FutureCeuticals
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Largest And Fastest Growing Region In The Market
North America was the largest region in the blueberries market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blueberries 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. Blueberries Market Report Structure
3. Blueberries Market Trends And Strategies
4. Blueberries Market - Macro Economic Scenario
5. Blueberries Market Size And Growth
…..
27. Blueberries Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Blueberries Prices, Demand, Historical and Forecast Data
𝐁𝐥𝐮𝐞𝐛𝐞𝐫𝐫𝐢𝐞𝐬 𝐏𝐫𝐢𝐜𝐞 𝐈𝐧 𝐔𝐒𝐀
𝐔𝐒𝐀:2763 USD/MT
In 2023, the price of blueberries in the United States reached 2763 USD/MT by December. Similarly, in China, the blueberries prices hit 2135 USD/MT in December 2023.
The latest report by IMARC Group, titled "𝐁𝐥𝐮𝐞𝐛𝐞𝐫𝐫𝐢𝐞𝐬 𝐏𝐫𝐢𝐜𝐞 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟒: 𝐏𝐫𝐢𝐜𝐞 𝐓𝐫𝐞𝐧𝐝, 𝐂𝐡𝐚𝐫𝐭, 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐍𝐞𝐰𝐬, 𝐃𝐞𝐦𝐚𝐧𝐝, 𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐃𝐚𝐭𝐚," provides a thorough examination of Blueberries Prices. This report delves into globally, presenting a detailed analysis, along with…