Market Size in 2024 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 17 Billion | USD 24 Billion | 5% | 2023 |
The global red berries market size was evaluated at $17 billion in 2023 and is slated to hit $24 billion by the end of 2032 with a CAGR of nearly 5% between 2024 and 2032.
Red berries are the kind of pulpy fruits utilized in nutraceuticals, beverages, sauces, and bakery sectors. These products find lucrative applications in dairy foods for improving flavors such as flavored milk, ice cream for topping, milkshakes, and flavored ice creams. Red berry juices are popular worldwide because high-value fruit technology has been created. The phytochemical makeup of berry fruits is growing global interest in and industrial demand for juices and beverages.
Humungous product penetration in the food & beverages sector to scale up the global market expansion by 2032
Huge demand for natural flavors in the food & beverages sector is anticipated to steer the expansion of the global red berries market. Apart from this, health awareness among the end-users with surging awareness about the negative health effects of artificial ingredients is predicted to embellish the global market trends. Humungous demand for frozen fruits is anticipated to spearhead the growth of the market across the globe. Favorable product features such as the ability of the product to improve skin elasticity as well as thickness along with increasing softness will steer the growth of the market across the globe.
Escalating the need for improving the quality of food products can further scale up the demand for the product. Apart from this, launching of new product launches is anticipated to contribute majorly towards the global market earnings. For instance, in the first quarter of 2023, GURU Organic Energy, a leading organic energy drink product based in Canada, introduced GURU theanine fruit punch, an innovative drink.
Reduced shelf-life of products can restrict the expansion of the global industry over the forecast period
The low shelf-life of the product can prove a big threat to the global red berries industry growth. In addition to this, strawberries and red raspberries are perishable and are susceptible to water loss, mechanical damage, fungi spoilage, and physical deterioration. This can further retard the growth of the global industry.
Huge demand for nutraceutical items to open new growth opportunities for the global market by 2032
The escalating use of nutraceutical products is anticipated to generate new growth avenues in the global red berries market. Citing an instance, in the second half of 2021, Asiros Nordic, a Europe-based firm supplying berry juice concentrate powders & liquid extracts, introduced BerryShield juice powder.
Low access to cultivable land can put brakes on the global industry in the coming eight years
Strict laws pertaining to the import and export of products and low availability of arable land along with huge product costs can prove to be a huge challenge for the global red berries industry expansion.
The global red berries market is sectored into nature, product type, end-user, application, and region.
In terms of nature, the red berries market across the globe is segregated into organic and conventional segments. Furthermore, the organic segment, which acquired nearly 59% of the global market earnings in 2023, is anticipated to record the fastest CAGR during the period from 2024 to 2032. Moreover, the segmental surge in the coming eight years can be due to a huge demand for organic products by consumers. Apart from this, the surging harvest of organic red berries coupled with a rising purchasing power of consumers is projected to boost the segmental surge.
Based on the product type, the global red berries industry is divided into frozen, powder, juice concentrate, puree, and not from concentrate segments. Moreover, the puree segment, which led the product type segment in 2023, is set to dominate the segmental expansion in the coming eight years. The growth of the segment in the ensuing years can be due to the humungous demand for red berrie puree owing to their cost-efficiency as compared to other kinds of berries. Apart from this, puree can maintain authentic flavor and taste.
Based on the end-user, the global red berries market is sectored into bulk and retail segments. Furthermore, the bulk segment, which led the end-user segment in 2023, is anticipated to lead the segmental expansion in the coming eight years. The growth of the segment in the upcoming years can be due to a massive surge in customer awareness about the benefits of using natural ingredients in bulk in their routine meals.
Based on the application, the red berries industry across the globe can be divided into bifurcated snack foods, dairy, beverages, nutraceuticals, bakery & confectionery, and sauces & fruit preserves.
Report Attributes | Report Details |
---|---|
Report Name | Red Berries Market |
Market Size in 2023 | USD 17 Billion |
Market Forecast in 2032 | USD 24 Billion |
Growth Rate | CAGR of 5% |
Number of Pages | 218 |
Key Companies Covered | Milne Food Products, Berryhill Foods Inc., Maberry & Maberry Berry Associates, Dohler Group SE, Kerr Concentrates Inc., Hortex Group, Ocean Spray Cranberry Inc., Townsend Farms Inc., Fruit d'Or, SunOpta Inc., Northwest Berry Co-op., and others. |
Segments Covered | By Nature, By Product Type, By End-User, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Europe is expected to dominate the global red berries market growth over the period from 2024 to 2032
Europe, which accounted for nearly 59% of the global red berries market share in 2023, will be the leading region in the coming seven years. Moreover, the regional market expansion over the forecast timeline can be due to escalating demand for preservative-free frozen food items in countries such as Canada and the U.S. Breakthroughs in the food processing technologies and innovations in the food sector will steer the expansion of the regional market. The presence of key firms in the countries of Europe is anticipated to embellish the growth of the market in the region.
Asia-Pacific red berries industry is anticipated to register the highest CAGR in the forecast timeline. The surge of the industry in the APAC zone in the next eight years can be subject to a rise in the purchasing power of consumers in developing economies such as China and India. Apart from this, a rise in the demand for red berries for manufacturing Jam will steer the growth of the industry in the sub-continent.
The global red berries market profiles key players such as:
The global market is highly fragmented with key players contributing to a minimal share of the market globally.
By Nature
By Product Type
By End-User
By Application
FrequentlyAsked Questions
Red berries are the kind of pulpy fruits utilized in nutraceuticals, beverages, sauces, and bakery sectors.
The global red berries market growth over forecast period can be owing to a huge demand for natural flavors in the food & beverages sector.
According to a study, the global red berries industry size was $17 billion in 2023 and is projected to reach $24 billion by the end of 2032.
The global red berries market is anticipated to record a CAGR of nearly 5% from 2024 to 2032.
Asia-Pacific is set to dominate the global red berries industry over the forecast timeframe owing to a rise in the purchasing power of consumers in developing economies such as China and India. Apart from this, a rise in the demand for red berries for manufacturing Jam will steer the growth of the industry in the sub-continent.
The global red berries market is led by players such as Milne Food Products, Berryhill Foods Inc., Maberry & Maberry Berry Associates, Dohler Group SE, Kerr Concentrates Inc., Hortex Group, Ocean Spray Cranberry, Inc., Townsend Farms, Inc., Fruit d'Or, SunOpta, Inc., and Northwest Berry Co-op.
The global red berries market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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