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Growth Of The Cosmetic Industry Driving The Expansion Of The Maqui Berries Market: Major Factor in the Transformation of the Maqui Berries Market in 2025
Maqui Berries Market Overview
The market for maqui berries has witnessed a significant expansion in its size over the recent past years. The market's size is expected to rise from $24.44 billion in 2024 to $27.03 billion in 2025, showcasing a compound annual growth rate (CAGR) of 10.6%. The earlier growth can be tied back to factors like an increasing population, widespread distribution networks, escalating demand for clear-label products, support towards improving immune health, and consumer knowledge enhancement programs.
The market size for maqui berries is projected to experience substantial growth in the coming years, swelling to $39.9 billion by 2029, sporting a compound annual growth rate (CAGR) of 10.2%. This growth for the forecasted period may be credited to factors such as the rising appeal of functional foods, functional beverage industry growth, the increasing trend of vegan and vegetarian dietary choices, a shift towards preventive healthcare measures, and increased investments in research and development. Noteworthy trends for the forecast period are an increased emphasis on anti-aging solutions, improvements in agricultural methodologies, advancements in food processing technologies, infusion into gourmet food, and usage in beauty and skincare products.
What Key Elements Are Boosting Growth in the Maqui Berries Market?
The swift expansion of the cosmetic industry is anticipated to drive the growth of the maqui berries market. The cosmetic industry is the sector dedicated to the creation, production, and promotion of beauty and personal care products. The elevation in the demand for personal care products, heightened awareness of beauty, and progress in product combinations contribute to the growth of the cosmetic industry. Maqui berries are integrated into cosmetics owing to their powerful antioxidant capabilities that help in neutralizing damaging free radicals, diminishing aging signs, and boosting overall skin health. For example, a report from the International Trade Administration, a US Department of Commerce focused on promoting nonagricultural U.S. goods and services exports, revealed that in 2021 the Canadian cosmetics industry had a revenue of approximately USD 1.24 billion. With a predicted annual growth of 1.45%, the income is expected to hit USD 1.8 billion by 2024. Hence, the swift expansion of the cosmetic industry is the driving force behind the growth of the maqui berries market.
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Who Are the Major Industry Players Fueling Maqui Berries Market Expansion?
Major companies operating in the maqui berries market are Evonik Industries AG, NOW FOODS PRIVATE LIMITED, Life Extension Foundation Buyers Club Inc., Mountain Rose Inc., Sunfood Corporation, Terrasoul Superfoods, Navitas LLC, Vitapia, CK Ingredients Inc., Bayas d el Sur SA, Seventhills Wholefoods Ltd., Paradise Herbs & Essentials Inc., Jeeva Organic Private Limited, HP Ingredients Corp., Keva Kaipo Industries Pvt Ltd., Rainforest Supply LLC, Vita Forte Inc., Food to Live, Noomadic Herbals, Koyah, Fitness Health, SB Organics, Vivid Health Nutrition, SouthAm Freeze Dry
Which Key Developments Are Influencing the Maqui Berries Market?
Leading businesses in the maqui berries market are strategically launching novel products like soft-gel capsules for easy intake. Soft-gel capsules enclose liquids or semi-liquids within a gelatinous shell, a form of oral dosage frequently used for vitamins, supplements, and medications. To illustrate, NovaBay Pharmaceuticals Inc., a pharmaceutical firm from the US, unveiled the OTC Avenova Eye Health Support oral supplement in March 2023. The Avenova Eye Health Support is a high-antioxidant oral supplement blending MaquiBright maqui berry extract with superior omega-3 oils, aiming to mitigate dry eyes and reinforce general eye wellness.
How Is the Segmentation of the Maqui Berries Market Defined?
The maqui berriesmarket covered in this report is segmented -
1) By Nature: Organic, Conventional
2) By Form: Fresh, Processed, Powder, Extract, Dried
3) By Distribution Channel: Business To Business (B2B), Business To Consumer (B2C)
4) By End-Use: Food And Beverages, Nutraceuticals, Personal Care, Other End-Uses
Subsegments:
1) By Organic: Certified Organic Maqui Berries, Organic Freeze-Dried Maqui Berries, Organic Maqui Berry Powder
2) By Conventional: Conventional Fresh Maqui Berries, Conventional Dried Maqui Berries, Conventional Maqui Berry Extracts
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What Is the Leading Region in the Maqui Berries Market?
North America was the largest region in the maqui berries market in 2024. The regions covered in the maqui berries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Maqui Berries Global Market Report?
- Market Size Analysis: Analyze the Maqui Berries Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Maqui Berries Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Maqui Berries Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Maqui Berries Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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