Press release
Maqui Berries Market Expects to See Significant Growth During -2030
The Maqui Berries Market is expected to grow from US$ 33.76 million in 2022 to US$ 83.70 million by 2030; it is expected to record a CAGR of 12.0% from 2022 to 2030.Rising demand for maqui berries in the pharmaceuticals & nutraceuticals, and food & beverages industries is one of the major factors driving the growth of maqui berries. Anklam Extrakt GmbH, a Germany-based manufacturer of natural extracts and powder, has developed MaquiBright, which is a standardized extract of maqui berries used to support eye health and dry eye problems by naturally restoring the production of tears and reducing oxidative stress in the eyes. The company has also manufactured JustMaqui, a standardized maqui berry juice with high anthocyanin concentration, which can be used as a functional ingredient in milkshakes, smoothies, yogurts, glazing sauces, and cereal bars. The presence of key players of maqui berry powders and extracts operating actively across the globe is expected to open significant growth opportunities in the foreseeable future.
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Analysis of the Top Market Players:
1. HP Ingredients Corp.
2. Shaanxi LonierHerb Bio-Technology Co Ltd.
3. Rainforest Supply LLC
4. CK Ingredients Inc
5. Jeeva Organic Pvt Ltd
6. Ferreiro & Co Inc
7. Abbott Blackstone Co
8. Vita Forte Inc
9. Nature's Power Nutraceuticals Corp
10. Xi'an Herb Bio-Tech Co Ltd.
In this report, the market has been segmented on the basis of:
Form (Fresh and Processed), Category (Organic and Conventional)
Application (Functional Food and Beverages, Pharmaceuticals and Nutraceuticals, Personal Care and Cosmetics, and Animal Nutrition)
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Based on form, the maqui berries market is segmented into fresh and processed. The processed segment is projected to register the largest share during the forecast period. Maqui berries are processed into different forms, such as frozen, dried, and powdered, to increase their shelf-life. Fresh maqui berries are available majorly in South American countries such as Chile and Argentina. However, fresh maqui berries are highly perishable and are exposed to damage during transportation, resulting in wastage and high transportation costs. Therefore, end use industries of maqui berries usually prefer processed berries to reduce wastage and huge transportation costs. These factors significantly drive the market growth for the processed segment. All these factors positively influence the maqui berries market growth for the processed segment.
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