Berry Market Report 2024 - Berry Market Size, Growth And Share By 2033

"The Business Research Company recently released a comprehensive report on the Global Berry Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The berry market size has grown steadily in recent years. It will grow from $24.44 billion in 2023 to $25.61 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to rising consumer awareness of health benefits, growing demand for superfoods, increased availability of fresh berries year-round due to improved supply chains, advancements in cultivation techniques, expanding berry farming in new regions, higher consumption of organic products, and a surge in the popularity of functional foods and beverages incorporating berries.

The berry market size is expected to see steady growth in the next few years. It will grow to $30.98 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to the expansion of plant-based diets, increasing demand for natural ingredients in processed foods, innovations in berry packaging and shelf-life extension, rising interest in sustainable farming practices, consumer preference for antioxidant-rich foods, growing e-commerce platforms for fresh produce, and expanding use of berries in nutraceuticals. Major trends in the forecast period include the growing popularity of organic and regenerative farming, the rise in demand for exotic berry varieties like açai and goji, increasing consumption of berries in snack bars and smoothies, the use of berries in plant-based meat alternatives, the development of functional beverages using berry extracts, demand for zero-waste products, and innovations in berry-based supplements and skincare products.

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Market Drivers and Trends:
The expansion of food and beverage industry is expected to propel the growth of the berry market going forward. The food and beverage industry involves the processing, packaging, and distributing of food and drink products for consumption. The food and beverage industry is growing due to rising global populations, urbanization, changing dietary habits, and increasing demand for convenience foods. Health-conscious trends and innovations in product offerings also fuel its expansion. Berries are popular in food and beverages for their natural sweetness, vibrant colors, and rich nutrient content. They enhance the flavor, nutritional value, and appeal of smoothies, juices, snacks, and desserts. For instance, in July 2024, according to the Department for Environment, Food & Rural Affairs, a UK-based ministerial department of the government, in 2022, the Gross Value Added (GVA) of the food chain, excluding agriculture and fishing, reached $177.27 billion (£132.9 billion), reflecting a 15.4% growth from 2021. All sectors within the food and drink industry experienced an increase during this period, with catering rising by 23.4%, manufacturing by 15.2%, retail by 2.3%, and wholesale by 31.3%. Therefore, the expansion of food and beverage industry is driving the growth of the berry market.

Major companies operating in the berry market are developing innovative products, such as snack lines, to meet consumer demand for convenient, healthy, and on-the-go options that incorporate the nutritional benefits of berries. Snack lines refer to a range of convenient, ready-to-eat products designed for on-the-go consumption, often incorporating various flavors and ingredients, including fruits such as berries, to provide a nutritious and enjoyable snacking option. For instance, in August 2024, Naturipe Farms, a US-based berry company, launched Berry Buddies, a value-added snack line featuring fresh berries paired with complementary foods such as mini pancakes, cookies, and cheese. Packaged in portable containers with separate compartments, Berry Buddies are designed for convenience with a 17-day shelf life and under 160 calories per serving. This product is tailored to meet the growing demand for fresh, nutritious, and on-the-go snacks, particularly for children, with its eye-catching, fun packaging. It aims to revolutionize healthy snacking and promote greater consumption of fresh berries.

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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:
Dole Food Company Inc., Fresh Del Monte Produce Inc., Grimmway Farms LLC, Ocean Spray Cranberries Inc., Driscoll's Inc., Sunkist Growers Inc., Wyman's of Maine Inc., Wish Farms Inc., California Giant Berry Farms Inc., Naturipe Farms LLC, Sun Belle Inc., North Bay Produce Inc., Red Jacket Orchards LLC, Oregon Berry Packing Inc., Berry Patch Farms LLC, Pine Tree Apple Orchard LLC, The Berry Company LLC, Blueberry Hill Farm LLC, Sweet Valley Farms LLC, Green Valley Farms Inc., Spring Hill Farm Inc.

Berry Market 2024 Key Insights:
• The berry market size is expected to see steady growth in the next few years. It will grow to $30.98 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%.
• Expansion Of The Food And Beverage Industry Boosts Berry Market Growth
• Innovative Products Drive Growth In The Berry Market
• North America was the largest region in the berry market in 2023

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This release was published on openPR.