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Cranberries Global market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033
The Business Research Company's Cranberries Global Market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033
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LONDON, GREATER LONDON, UK, June 19, 2024 /EINPresswire / -- The cranberries market, characterized by small, tart, red berries grown in bogs or marshes, has experienced steady growth in recent years. It is anticipated to grow from $2.25 billion in 2023 to $2.35 billion in 2024, with a compound annual growth rate (CAGR) of 4.3%. This growth can be attributed to increased traditional use in various food products, heightened consumer awareness of health benefits, expanded cultivation, rising consumption of on-the-go snacks, and heightened demand from the processing industry.
Driving Factors Behind Market Growth
In the coming years, the cranberries market is expected to continue its growth trajectory, reaching $2.83 billion by 2028 at a CAGR of 4.8%. This growth will be fueled by the rising popularity of cranberry-based functional beverages, increasing trends towards plant-based and vegan diets, growing demand for organic and natural products, rising consumer interest in dietary health benefits, and heightened attention to urinary tract infection (UTI) prevention.
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Key Players and Market Trends
Major companies such as Del Monte Foods Inc., Ocean Spray Cranberries Inc., and Mariani Packing Co. Inc. are pivotal in the cranberries market. These companies focus on innovative products like standardized whole fruit cranberry powder to maintain a competitive edge. For instance, Fruit d'Or's Pro Cran d'Or and Pro Cran Naturelle 80-mesh cranberry powders, launched in January 2022, meet FDA requirements for reduced UTI risk claims, catering to diverse delivery systems including softgels and gummies.
Market Segments
.Product Type: Fresh Fruits, Freeze Dried, Air Dried, Other Product Types
.Nature: Conventional, Organic
.End-User: Bakery, Confectionaries, Dairy Products, Beverages, Cereals, Other End Users
Regional Insights: North America Leading the Way
North America dominated the cranberries market in 2023 and is poised to be the fastest-growing region in the forecast period. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities.
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Cranberries Global Market Report 2024 from TBRC covers the following information:
.Market size date for the forecast period: Historical and Future
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Cranberries Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on cranberries market size , cranberries market drivers and trends, cranberries market major players, competitors' revenues, market positioning, and market growth across geographies. The cranberries market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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