Global Maqui Berry Market Forecasts Report, 2020-2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Global Maqui Berry Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global maqui berry market is evaluated at US$28.172 million for the year 2019 growing at a CAGR of 35.45% reaching the market size of US$173.998 million by the year 2025.
Maqui Berry Market will grow at a significant rate according to the data published. This is relatively a novel industry that is gaining wider and substantial prominence. Maqui Berry belongs to the Elaeocarpaceae family and is a dark and exotic fruit. It is also known as 'Aristotelia chilensis.' Maqui Berry flowers at the end of spring.
The flowers are generally small and unisexual, and the leaves are oval in shape and have a dark colour. It is a native fruit to Chile and Argentina and is grown in Chilean Rainforests and in the nearby border jungles of Argentina. Maqui Berries are becoming widely popular because of their health benefits. The industry is also facing significant challenges due to improper collecting method and lack of infrastructure in the harvesting locations. Despite that, the market is registering a substantial growth.
Increase in Demand
- Food and Beverage industries are investing a substantial amount of capital into the re-search and development of Maqui Berry products. It is blended in juices, cereals and yoghurts that helps in improvement of the immune system of an individual. Companies are increasing and improving their portfolios with the introduction of berry juices and powdered products. Manufacturers are generating substantial revenues with their production of fresh maqui berries. There is a significant demand for fresh organic berry juices. It is free from preservatives, additives and extra sugar and is generating a substantial demand among millennials. Advanced filtration method is used to decrease the natural water content of maqui berries. There has been a substantial demand in the fresh maqui berry wine. There has been a study that the berry wine improves the strength and stamina of a body.
- Pharmaceutical companies are investing a substantial sum of capital into the Maqui Berry products and applications. The companies are studying the use of berry supplements in the health sector. Berry provides anti-ageing and anti- diabetics applications. Due to the coronary's pandemic, consumers are preferring healthier and nutritious products to im-prove their immune systems. Manufacturers are improving their standards and there are substantial berry related patents issued over the last few years for the development of quality products. Companies have also focused on the berry products that are related to dry-eye issues. Therapeutic products with berry extracts delivers better tear fluid generation.
Organic and Fresh Berry are gaining traction
- On the basis of nature, Marqui berry market has been classified into Organic and conventional products. Organic fresh berry products have a significant share in the market. It is generating a substantial revenue as compared to the conventional and inorganic products. Organic berry products are good for health as the products does not include preservatives and generates a significant among the consumers. Organic products are expected to grow at a significant rate in the coming years.
- On the basis of form, Marqui Market has been classified into fresh and processed. The fresh segment has a significant market share and is expected to grow over a period of time. The reason for the demand is because it is good for health and helps in the enhancement of immune system of a body. But, processed segment holds the majority of the share in the market. Processed powder is also generating a considerable demand because it is used to make a smoothie and it blends with the dairy products easily.
Some of the major players operating in the berry market are Sunfood Superfoods, Navitas Or-ganics, Maqui New Life S.A., Sevenhills Wholefoods, Bayas del Sur SA, SouthAm Freeze Dry, Neorganika, ARAUCO NUTRIENTES NATURALES, Terrasoul Superfoods, HP Ingredients and others.
These major players have a higher presence in the development of the novel product, collaborations. These companies are investing a significant capital in the innovations, partnership with the local players to increase their market share.
Key Topics Covered:
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Global Maqui Berry Market Analysis, by Form
6. Global Maqui Berry Market Analysis, by Industry
6.2. Food and Beverage
7. Global Maqui Berry Market Analysis, by Distribution Channel
7.3.1. Convenience Stores
8. Global Maqui Berry Analysis, by Geography
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
- Sunfood Superfoods
- Navitas Organics
- Sevenhills Wholefoods
- Bayas d el Sur SA
- ARAUCO NUTRIENTES NATURALES
- Terrasoul Superfoods
- HP Ingredients
- Kiva Health Food
- Mountain Rose herbs
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