Maqui Berries Market: Major Trends Reshaping the Future of the Industry

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What Will the Maqui Berries Industry Market Size Be by 2025?
In recent times, the market size of maqui berries has witnessed a swift upsurge. The market is expected to expand from $24.44 billion in 2024 to $27.03 billion in 2025, showcasing a compound annual growth rate (CAGR) of 10.6%. The substantial growth observed during the historic period can be tied back to factors such as increasing population, extension of distribution channels, heightened demand for products with clean-labels, immunity health support, and initiatives related to consumer education.

What's the Long-Term Growth Forecast for the Maqui Berries Market Size Through 2029?
The market value of maqui berries is expected to experience a swift surge in the coming years, predicting a value of $39.9 billion in 2029 with a compound annual growth rate (CAGR) of 10.2%. This robust growth during the forecast period is believed to emerge from the escalating demand for functional foods, expansion in the functional beverage sector, increasing preference toward vegan and vegetarian food practices, a shift toward preventative healthcare, and growth in research and development investment. Key trends predicted for this period involve an increasing emphasis on anti-aging solutions, advancements in farming techniques, novel food processing technologies, its use in gourmet cooking, and incorporation into beauty and skincare products.

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What Are the Key Growth Drivers Fueling the Maqui Berries Market Expansion?
The swift expansion of the cosmetic industry is anticipated to boost the development of the maqui berries market in the future. The cosmetic industry, which is responsible for the creation, manufacturing, and promotion of beauty and personal care commodities, is witnessing significant growth. The increasing consumer desire for personal care items, heightened awareness of beauty, and advancements in product formulations are attributing to the growth of the cosmetic industry. The inclusion of maqui berries in cosmetic products is due to their strong antioxidant qualities, which assist in counteracting free radicals, minimising aging signs, and improving overall skin health. For instance, a July 2022 report from the International Trade Administration, an export-promotion agency of the U.S. Department of Commerce for non-agricultural commodities and services, revealed that in 2021, the Canadian cosmetics market yielded nearly USD 1.24 billion. The market is projected to annually grow by 1.45%, potentially raising revenue to USD 1.8 billion by 2024. Consequently, the swift expansion of the cosmetic industry is steering the growth of the maqui berries market.

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What Are the Key Trends Driving Maqui Berries Market Growth?
Leading corporations in the maqui berries market are turning their attention towards the development and introduction of unique products like soft-gel capsules for easy ingestion. Soft-gel capsules are a type of oral intake method that involves encapsulating liquid or semi-liquid materials in a shell made primarily of gelatin, and are often used with vitamins, supplements, and medication. For example, NovaBay Pharmaceuticals Inc., a pharmaceutical corporation based in the US, rolled out the OTC Avenova Eye Health Support oral supplement in March 2023. This oral supplement, rich in antioxidants, blends MaquiBright maqui berry extract and premium omega-3 oils, aiming to relieve dry eyes and promote overall eye well-being.

How Is the Maqui Berries Market Segmented?
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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Which Companies Are Leading the Charge in Maqui Berries Market Innovation?
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 Regions Are Leading the Global Maqui Berries Market in Revenue?
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.

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