Cranberry, an evergreen shrub found in wet areas include wetlands and marshy areas. Cranberry is native to northern parts of the United States. Cranberry extract include powder, liquid and pigment of anthocyanin. Anthocyanin is used in dietary supplement products. It is used as natural food colors in food and beverages industry along with that it can be used in seafood and poultry.
The Global Cranberry Extract market was valued at USD 104.27 million in 2021 and is expected to reach USD 129.64 million by the year 2028, at a CAGR of 3.16% .
The market for cranberry extract is being driven by the rising demand for the product from the food and beverage industry where it is used as natural food colour. The product is also used in seafood and poultry. Apart from that, cranberry extract is further used in the cosmetic industry owing to its antioxidant properties for the skin. The product is a rich source of antioxidants and has proven to be an effective cure for bladder infections. The growing awareness of the benefits of using natural products is expected to enhance the market growth of cranberry extract over the forecast period.
Cranberry Extract Market - Size, Competitive Landscape and Segmentation Analysis:
Cranberry Extract Market Reports provide a high-level overview of market segments by product type, applications, leading key players, and regions, as well as market statistics. The research insights focus on the impact of the Covid-19 epidemic on performance and offers a thorough examination of the current market and market dynamics. This crucial understanding of the report's objective can help you make better strategic decisions about investment markets by assessing elements that may affect current and future market circumstances. The leading key players in the Global and Regional market are summarized in a research to understand their future strategies for growth in the market.
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The key players covered in the Cranberry Extract market report is:
NOW Foods,Ocean Spray,Pharmavite,Nature's Way,SWISSE,Gaia Herbs,Nature'S Best,The Green Labs,RB,Amway
Segmentation of Cranberry Extract market:
Market Segmentation Analysis By Type
Liquid, Dried, Powder
Market Segmentation Analysis By Application:
Food And Beverages, Pharmaceuticals, Nutraceuticals, Confectionary, Personal Care ,Beauty Products, Others
Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
We've kept track of Covid-19's direct impact on this market as well as its indirect impact on other industries. During the analysis period, the impact of the Covid-19 pandemic on the market is predicted to be significant. From a worldwide and regional viewpoint, this report examines the influence of the pandemic on the Cranberry Extract industry. The study categorizes the Cranberry Extract industry by type, application, and consumer sector to determine market size, market features, and market growth. It also includes a thorough examination of the factors that influenced market development before and after the Covid-19 pandemic. In addition, the research did a pest analysis in the sector to investigate major influencers and entrance obstacles.
The goal of the research report is to help develop business strategies that help meet the needs of end-user consumers and penetrate deeply into the market. Cranberry Extract market research also discusses significant market events that could have a positive or negative impact on the participants. It covers product offerings, revenue analysis, production capabilities, gross margins and many other important aspects that affect a company's profitability in the marketplace.
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint
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