Elderberry Extract Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2031- (By Derivatives Coverage, Geographic Coverage and By Company)

The elderberry extract market is poised for robust growth, anticipated to expand at a steady annual rate. Key contributors to this growth include major markets such as Germany, the U.S., China, Italy, and Spain.The elderberry extract market is set for significant growth, projected to reach USD 329.98 million in 2024 and expand to USD 508.2 million by 2031, with a compound annual growth rate (CAGR) of 6.40%.

Elderberry Extract Demand Analysis

In recent periods, the elderberry extract market has demonstrated value-based growth, driven by a shift towards chemical-free and label-friendly ingredients globally. This trend is expected to continue, with manufacturers aligning their offerings to meet consumer demands for fruit-based supplements and functional foods.

The rise in the consumption of dietary supplements and pharmaceuticals, aimed at complementing busy lifestyle nutrition profiles, is propelling market growth. Additionally, there is increased consumer awareness of the functional benefits of products, which benefits market players.

The well-established dietary supplements and cosmetics & personal care sectors in regions like North America and Europe are creating significant opportunities for elderberry extract manufacturers. Companies are expanding production capacities and enhancing capabilities by incorporating modern technologies. New entrants are adopting standard practices from established players in extraction processes.

In mature markets, consumers prefer value-added products with natural ingredients, fostering a healthy and nutritional diet.

Market Trends for Elderberry Extract

Rising Demand for Functional Foods & Beverages Across Regions

An increasing emphasis on lifestyle improvements has led to a surge in the consumption of functional foods to support physical and mental health, particularly among younger demographics. Elderberry extract, known for its immune-boosting properties and other potential health benefits, is experiencing strong demand within the functional foods and beverages sector. The innovation in healthy beverages is introducing new products focused on functional and value-added drinks.

Increasing Demand for Dietary Supplements

Health trends are rapidly evolving, with a noticeable shift among consumers towards proactive healthcare, intensified by recent global health events and lifestyle changes. This has increased the reliance on dietary supplements, with elderberry extract being increasingly used in various health supplement applications.

U.S. Dependency on Imports Offering Unique Opportunities

Despite being a global leader in exports, the U.S. relies heavily on imports for certain fruits and berries, such as elderberries. This dependence presents unique opportunities for local production, which could make the country more self-sufficient and offer consumers more reasonably priced products.

Challenges: Presence of Toxic Substances in Elderberry Fruits

While elderberry is used for its medicinal benefits, its consumption comes with challenges. Parts of the plant contain substances that can be harmful if not properly processed. Raw berries can cause adverse effects like vomiting and nausea, and in some cases, poisoning if consumed in large quantities. Elderberry supplements are also advised against for specific groups unless cleared by healthcare professionals.

Country-wise Insights

European Growth

Countries like the U.K., Italy, and Germany are expected to show robust growth rates in the elderberry extract market due to its increasing use in supplements, functional foods, and beauty products.

Leadership in South Asia

India holds a significant market share in South Asia, attributed to its dense concentration of manufacturers, distributors, and suppliers. This is driven by the high demand for elderberry extract’s functional and medicinal benefits, particularly in the functional food and beverage industry.

Category-wise Insights

Revenue Generation from End Uses

The dietary supplements sector is a major user of elderberry extract, accounting for a significant market value share. This segment is expected to see considerable growth due to its widespread applications.

Distribution Channels

The business-to-business category dominates the distribution channel segment, driven by increasing demand from various end-use industries like dietary supplements, pharmaceuticals, and cosmetics & personal care.

Competitive Dashboard

Key manufacturers in the elderberry extract market are focusing on technological advancements and research & development. Strategic partnerships are common as companies seek to expand their brand presence globally and innovate product offerings. Collaborations with research institutions and other industry players are crucial for staying at the forefront of technology and product development.

Key companies profiled

• Bolise Co., Limited
• Cassie Green Health
• Greenway Biotech Co., Ltd.
• INS Farms
• IPRONA
• KSHIPRA BIOTECH PRIVATE LIMITED
• Naturalin Biotech Co.
• NaturMed Scientific GmbH
• Rainbow extract
• Shaanxi Hongda Phytochemistry Co., Ltd
• Shaanxi Kingsci Biotechnology Co.
• Undersun Biomedtech Co., Ltd
• Xi'an Longze Biotechnology

Elderberry Extract Industry Research by Category

By Form:

• Powder
• Liquid

By Nature:

• Organic
• Conventional

By End Use:

• Functional Food & Beverages
• Dietary Supplements
• Pharmaceuticals
• Cosmetics & Personal Care

By Distribution Channel:

• Business to Business
• Business to Consumer
• Hypermarkets/Supermarkets
• Convenience Stores
• Specialty Stores
• Online Retails

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa

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