According to the report, the red berries market is expected to rise at a CAGR of 2.7% between 2019 and 2026.
Red Berries Market
The report covers forecast and analysis for the red berries market on a global and regional level. The research report presents a broad valuation of the market, opportunities, emerging trends, competition, and industry-validated market statistics. The study provides historic data ranging from 2016 to 2018 along with an estimate from 2019 to 2026 based revenue (USD Million).
The global red berries market shows lucrative opportunities over the coming years. The global red berries market is anticipated to expand at a high CAGR within the forecast period. Red berries are natural edible fruits that have different applications in foods, including beverages, bakeries, nutraceuticals, snacks & sauces. Moreover, they are also used in dairy products such as flavored milk and ice-cream for toppings. Rising consumer awareness regarding the benefits of consuming food products that are rich in natural ingredients is positively impacting the demand for red berries market growth.
On the basis of nature, the global red berries market has been bifurcated into organic and conventional. The organic segment is anticipated to gain high CAGR over the forecast timeline owing to the high demand among consumers for consuming organic food products. Furthermore, the surging production of organic red berries coupled with rising disposable income among consumers is boosting the segment growth.
The global red berries market is categorized into frozen, puree, juice concentrate, powder, and not from concentrate in terms of product type. In the global red berries market, the juice concentrate segment is expected to accredit for the largest share over the next couple of years as juice concentrates are concentrated form of red berries and have improved shelf life. Moreover, juice concentrates are cost-effective and are widely used in the food industry in bakery products, confectioneries, soups and sauces, and others. Surging demand for bakery products and beverages among consumers is accelerating the segment growth.
The global red berries market is divided into the regions of North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Europe region is expected to show a favorable growth over the forecast timeline. The region is anticipated to project a high CAGR owing to the increasing cultivation of red berries. Increasing demand for organic red berries along with rising disposable income in the region is further boosting the market growth. Asia-Pacific led by China is further expected to dominate the market share as it is the highest consumer of red berries in the region. Additionally, the easy availability of red berries in the region is further expected to propel the market over the forecast period.
The Red Berries market is highly consolidated, with key players including Maberry & Maberry Berry, Dohler Group, Ocean Spray Cranberry, Inc., Hortex Group, TOWNSEND FARMS, INC. Milne Food Products, Fruit d'Or, KERR CONCENTRATES, INC., SunOpta, Inc., Northwest Berry Co-op, and Berryhill Foods, Inc., and Associates, Pacific Coast Fruit Products LTD. The major strategies implemented by these leading companies in the market are new product launches, mergers & acquisitions, and partnerships. These companies are concentrating more on investment in innovations, collaborations, and expansions to increase their market share.
This report segments the global red berries market as follows:
Global Red Berries Market: Nature Segment Analysis
Global Red Berries Market: Product Type Segment Analysis
Global Red Berries Market: Application Segment Analysis
Global Red Berries Market: End-Use Type Segment Analysis
Global Red Berries Market: Regional Segment Analysis