The cranberries global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cranberries Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The cranberries market size has grown steadily in recent years. It will grow
from $2.25 billion in 2023 to $2.35 billion in 2024 at a compound annual growth
rate (CAGR) of 4.3%. The growth in the
historic period can be attributed to the increased traditional use of food
products, increased consumer awareness of health benefits, expansion of
cranberry cultivation, rise in consumption of on-the-go snacks, and increased
demand from the processing Industry.
The cranberries market size is expected to see steady growth in the next few
years. It will grow to $2.83 billion in 2028 at a compound annual growth rate
(CAGR) of 4.8%. The growth in the
forecast period can be attributed to the growing popularity of cranberry-based
functional beverages, rising plant-based and vegan food trends, increased
demand for organic and natural products, rising consumer interest in diets, and
growing interest in urinary tract infection (UTI) prevention. Major trends in
the forecast period include cranberry-based health and wellness products, new
flavored cranberry product lines, sustainable products, organic ingredients,
and innovations in processing techniques.
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Scope Of Cranberries Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Cranberries Market Overview
Market Drivers -
Growing consumer demand for organic goods is expected to propel the growth of
the cranberries market. Organic goods refer to products produced and processed
according to organic farming standards, which prohibit synthetic pesticides,
fertilizers, genetically modified organisms (GMOs), and other artificial
additives. Demand for organic goods is on the rise due to several factors,
including increasing health consciousness among consumers and growing awareness
about the environmental impact of conventional farming practices. Cranberries
are utilized in organic food products to offer natural tartness and nutritional
benefits while aligning with consumers' preferences for organic, pesticide-free
options. For instance, in June 2022, according to a survey published by the
Organic Trade Association (OTA), a US-based business association for the
organic industry in North America, it was revealed that organic industry sales
surpassed $63 billion, with $1.4 billion (2%) in total growth over the preceding
year. Additionally, organic food, which accounted for over 90% of organic
product sales, experienced 2% growth, reaching $57.5 billion. Therefore, the
growing consumer demand for organic goods is driving the growth of the
cranberries market.
Market Trends -
Major companies operating in the cranberries market focus on developing
innovative products, such as standardized whole fruit cranberry powder, to gain
a competative edge in the market. Standardized whole-fruit cranberry powder
refers to a finely milled cranberry powder with consistent levels of active
ingredients. For instance, in January 2022, Fruit d’Or, a Canada-based
cranberry processing company, launched the Pro Cran d’Or and Pro Cran Naturelle
80-mesh cranberry powders used for softgels and gummies. These are the first
powders made from whole-fruit cranberries and meet FDA (Food and Drug
Administration) requirements for a health claim regarding reduced UTI (Urinary
Tract Infection) risk. It has a particle size of 80 mesh, which prevents leakage
in softgels and offers versatility for various delivery systems. These powders
can be blended with other ingredients and are suitable for use in smoothies,
bars, dairy products, and cosmetics.
The cranberries market covered in this report is segmented –
1) By Product Type: Fresh Fruits, Freeze Dried, Air Dried, Other Product Types
2) By Nature: Conventional, Organic
3) By End-User: Bakery, Confectionaries, Dairy Products, Beverages, Cereals,
Other End Users
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Regional Insights -
North America was the largest region in the cranberries market in 2023. It is
expected to be the fastest-growing region in the forecast period. The regions
covered in the cranberries market report are Asia-Pacific, Western Europe,
Eastern Europe, North America, South America, Middle East, Africa.
Key Companies -
Major companies operating in the cranberries market report are Del Monte Foods
Inc.; Ocean Spray Cranberries Inc.; Mariani Packing Co. Inc.; Sun-Maid Growers
of California; Traina Foods Inc.; Meduri Farms Inc.; Decas Cranberry Products
Inc.; Eden Foods; Citadelle Camp Coop; Fruit d'Or Inc.; Sisters Fruit Company;
Royal Nut Company; Graceland Fruit Inc.; Rostaa Superfoods; Stoneridge
Orchards; Sundance Vitamins LLC; Fresh Meadows Cranberries; Honestly Cranberry;
Michigan Cranberry Co.; Muskoka Lakes Farm and Winery; New England Cranberry;
Cape Blanco Cranberries Inc.; Habelman Bros. Co.; Sun Organic Industries Pvt.
Ltd.; Mitthi Foods
Table of Contents
1. Executive Summary
2. Cranberries Market Report Structure
3. Cranberries Market Trends And Strategies
4. Cranberries Market – Macro Economic Scenario
5. Cranberries Market Size And Growth
…..
27. Cranberries Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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