The global market for Bilberry and Bilberry Products was valued at an estimated US$319.0 Million in 2023 and is projected to reach US$680.6 Million by 2030, growing at a CAGR of 11.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The rising popularity of superfoods has thrust bilberries into the spotlight, driven by a growing consumer demand for natural antioxidants. This trend has spurred significant growth in the bilberry market, particularly as more individuals adopt vegan and plant-based diets, thereby accelerating the demand for bilberry-based supplements. Innovative applications of bilberry extracts are propelling product development, with new uses emerging in various industries. Sustainability trends are also strengthening the business case for organic bilberry farming, as consumers increasingly prioritize environmentally friendly products.
Research highlighting the eye health benefits of bilberry supplements has further fueled their adoption. Additionally, the global expansion of the functional beverages market has increased bilberry utilization, while the growth of the cosmetic industry has spurred the use of bilberry extracts in skincare products. Finally, culinary innovation and the popularity of ethnic cuisines are creating new opportunities for incorporating bilberries into diverse dishes, expanding their market presence.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Fresh Bilberry segment, which is expected to reach US$287.2 Million by 2030 with a CAGR of a 11.0%. The Processed Bilberry segment is also set to grow at 11.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $86.9 Million in 2023, and China, forecasted to grow at an impressive 15.4% CAGR to reach $146.0 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Bilberry and Bilberry Products Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Bilberry and Bilberry Products Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Bilberry and Bilberry Products Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Artemis International, Bestgrand Biotech Co., Ltd., Bio-Botanica, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 38 Featured):
- Artemis International
- Bestgrand Biotech Co., Ltd.
- Bio-Botanica, Inc.
- Fengchen Group Co., Ltd.
- Givaudan SA
- Huisong Pharmaceuticals
- Indena SpA
- Kiantama Oy
- NATIVE EXTRACTS Pty Ltd.
- Natures Way Products, LLC
- Nestle Health Science SA
- Ningbo Traditional Chinese Pharmaceutical Corp.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY
Companies Mentioned
- Artemis International
- Bestgrand Biotech Co., Ltd.
- Bio-Botanica, Inc.
- Fengchen Group Co., Ltd.
- Givaudan SA
- Huisong Pharmaceuticals
- Indena SpA
- Kiantama Oy
- NATIVE EXTRACTS Pty Ltd.
- Natures Way Products, LLC
- Nestle Health Science SA
- Ningbo Traditional Chinese Pharmaceutical Corp.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 275 |
Published | November 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 319 Million |
Forecasted Market Value ( USD | $ 680.6 Million |
Compound Annual Growth Rate | 11.4% |
Regions Covered | Global |
No. of Companies Mentioned | 12 |