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% .
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. In cosmetic industry, it is used as an antioxidant for skin. It is a rich source of anti-oxidants and an effective cure for bladder infections. Increasing demand for natural products and more utilization of cranberry extract as natural food colors drive an increase in demand in the global market.
On the basis of product form, cranberry extract market segments include liquid, dried and powder. Among all of these, powder segment holds the major share and is expected to register a growth during the forecasted period. Cranberry powder widely used in the treatment of bladder infection as a dietary supplement. Some research shows that drinking cranberry juice can lower the risk of repeated UTIs in elderly people.
Players Covered in Cranberry Extract Market:
NOW Foods, Ocean Spray, Pharmavite, Nature's Way, SWISSE, Gaia Herbs, Nature'S Best, The Green Labs, RB, Amway and other major players.
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Market Segmentation:
By Type
- Liquid
- Dried
- Powder
By Application
- Food and Beverages
- Pharmaceuticals
- Nutraceuticals
- Confectionary
- Personal Care
- Beauty Products
- Others
Cranberry Extract Market Regional Analysis/Insights:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western
Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Frequently Asked Questions :
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- The forecast period in the Cranberry Extract Market research report is 2022-2028.
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- What is the Cranberry Extract Market?
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