Press release
Maqui Berries Market Size Projected To Reach $39.89 Billion By 2034 With A Cagr Of 10.2%
Maqui Berries Market
What Is the Projected Growth of the Maqui Berries Market?
The maqui berries market size has grown rapidly in recent years. It will grow from $24.44 billion in 2024 to $27.03 billion in 2025 at a CAGR of 10.6%. The growth is attributed to the growing population, expanding distribution networks, increased demand for clean-label products, support for immune health, and consumer education.
The maqui berries market is expected to grow to $39.9 billion by 2029, with a CAGR of 10.2%. Growth is driven by the popularity of functional foods, increasing vegan diets, and rising investment in research and development. Major trends include a focus on anti-aging solutions, agricultural advancements, and integration into gourmet cuisine and skincare.
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What Are the Different Maqui Berries Market Segments?
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 Are the Primary Drivers Shaping the Maqui Berries Market?
The growth of the cosmetic industry is expected to boost the maqui berries market. The cosmetic sector is focused on creating and selling beauty and personal care products, and it is expanding due to rising consumer interest in self-care, increasing beauty awareness, and improvements in product formulas. Maqui berries are used in cosmetics for their powerful antioxidant effects, which help combat aging, enhance skin health, and fight free radicals. In July 2022, the International Trade Administration reported that in 2021, the Canadian cosmetics market generated approximately USD 1.24 billion, with an anticipated annual growth rate of 1.45%, expecting the market to reach USD 1.8 billion by 2024. As a result, the expanding cosmetic industry is contributing to the growth of the maqui berries market.
Which Companies Are Leading in the Maqui Berries Market?
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
What Are the Latest Developing Trends in the Maqui Berries Market?
Major Companies in the maqui berries market are introducing innovative products like soft-gel capsules to provide more convenient consumption. Soft-gel capsules encase liquid or semi-liquid substances in a gelatin shell. In March 2023, NovaBay Pharmaceuticals, a US-based company, launched the Avenova Eye Health Support oral supplement, combining MaquiBright maqui berry extract and omega-3 oils to alleviate dry eyes and promote overall eye health.
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What Are the Top Revenue-Generating Geographies 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Maqui Berries Market?
2. What is the CAGR expected in the Maqui Berries Market?
3. What Are the Key Innovations Transforming the Maqui Berries Industry?
4. Which Region Is Leading the Maqui Berries Market?
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