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Global Cranberry Extract Market: By Source: Organic, Conventional; By Product Form: Liquid, Dried, Powder; By Application: Food, Beverages, Pharmaceuticals, Nutraceuticals; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Cranberry Extract Market Outlook
The global cranberry extract market is being aided by the growth of the cranberry market. The global cranberry market is expected to grow at a CAGR of 3.8% in the forecast period of 2023-2028.
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The Market Growth of Cranberry Extract to be Driven by the Rising Demand from the Food and Beverage Industry
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.
Region-wise, North America is the significant market for cranberry extract. This can be attributed to the high demand for the product within the region due to its health and nutritional benefits. Within North America, the United States is one of the major suppliers of cranberry extract for the food and beverage industry.
Cranberry Extract: Market Segmentation
Cranberry is an evergreen shrub, which is found in wet areas such as wetlands and marshy areas. This shrub is indigenous to northern parts of the United States. The cranberry extract is available in the form of liquid, powder, and pigment of anthocyanin.
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On the basis of source, the market is divided into:
- Organic
- Conventional
Based on product form, the industry can be segmented into:
- Liquid
- Dried
- Powder
By application, the industry is categorised into:
- Food
- Confectionery
- Bakery
- Dairy
- Others
- Beverages
- Pharmaceuticals
- Nutraceuticals
- Cosmetics and Personal Care
- Others
Based on distribution channel, the industry is divided into:
- Direct
- Indirect
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Natural Flavours and Pigmenting Agents to Aid the Market Growth of Cranberry extract
The cranberry extract industry is driven by the rising demand for natural flavours and pigmenting agents. The growing awareness regarding the benefits of using natural products is leading people to adopt cranberry extract products as opposed to artificial agents. Further, changing lifestyles focused on using natural products to derive its benefits, is expected to enhance the market growth of cranberry extract over the forecast period.
Key Industry Players in the Global Cranberry Extract Market
The report gives a detailed analysis of the following key players in the global cranberry extract market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- NOW foods Inc.
- Ethical Naturals Inc.
- Artemis International
- Nature's Way Products LLC.
- Swisse Wellness Pty Ltd
- Langyuan Bio-Tech Co., Ltd
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Source, Product Form, Application, Distribution Channel, Region |
| Breakup by Source | Organic, Conventional |
| Breakup by Product Form | Liquid, Dried, Powder |
| Breakup by Application | Food, Beverages, Pharmaceuticals, Nutraceuticals, Cosmetics and Personal Care, Others |
| Breakup by Distribution Channel | Direct, Indirect |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | NOW foods Inc., Ethical Naturals Inc., Artemis International, Nature's Way Products LLC., Swisse Wellness Pty Ltd, Langyuan Bio-Tech Co., Ltd, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cranberry Extract Market Analysis
8.1 Key Industry Highlights
8.2 Global Cranberry Extract Historical Market (2018-2022)
8.3 Global Cranberry Extract Market Forecast (2023-2028)
8.4 Global Cranberry Extract Market by Source
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Cranberry Extract Market by Product Form
8.5.1 Liquid
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Dried
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Powder
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Cranberry Extract Market by Application
8.6.1 Food
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.1.4 Breakup by Type
8.6.1.4.1 Confectionery
8.6.1.4.1.1 Market Share
8.6.1.4.1.2 Historical Trend (2018-2022)
8.6.1.4.1.3 Forecast Trend (2023-2028)
8.6.1.4.2 Bakery
8.6.1.4.2.1 Market Share
8.6.1.4.2.2 Historical Trend (2018-2022)
8.6.1.4.2.3 Forecast Trend (2023-2028)
8.6.1.4.3 Dairy
8.6.1.4.3.1 Market Share
8.6.1.4.3.2 Historical Trend (2018-2022)
8.6.1.4.3.3 Forecast Trend (2023-2028)
8.6.1.4.4 Others
8.6.2 Beverages
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Pharmaceuticals
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Nutraceuticals
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Cosmetics and Personal Care
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Cranberry Extract Market by Distribution Channel
8.7.1 Direct
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Indirect
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.8 Global Cranberry Extract Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Cranberry Extract Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Cranberry Extract Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Cranberry Extract Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Cranberry Extract Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Cranberry Extract Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 NOW foods Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Ethical Naturals Inc.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Artemis International
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Nature's Way Products LLC.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Swisse Wellness Pty Ltd
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Langyuan Bio-Tech Co., Ltd
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Cranberry Extract Market: Key Industry Highlights, 2018 and 2028
2. Global Cranberry Extract Historical Market: Breakup by Source (USD Million), 2018-2022
3. Global Cranberry Extract Market Forecast: Breakup by Source (USD Million), 2023-2028
4. Global Cranberry Extract Historical Market: Breakup by Product Form (USD Million), 2018-2022
5. Global Cranberry Extract Market Forecast: Breakup by Product Form (USD Million), 2023-2028
6. Global Cranberry Extract Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Cranberry Extract Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Cranberry Extract Historical Market: Breakup by Distribution Channels (USD Million), 2018-2022
9. Global Cranberry Extract Market Forecast: Breakup by Distribution Channels (USD Million), 2023-2028
10. Global Cranberry Extract Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Cranberry Extract Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Cranberry Extract Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Cranberry Extract Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Cranberry Extract Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Cranberry Extract Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Cranberry Extract Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Cranberry Extract Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Cranberry Extract Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Cranberry Extract Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Cranberry Extract Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Cranberry Extract Market Forecast: Breakup by Country (USD Million), 2023-2028
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Cranberry Extract Market Structure
Key Questions Answered in the Report
The global cranberry extract market is being driven by the growing cranberry market is projected to grow at a CAGR of 3.8% between 2021 and 2026.
The major drivers of the industry, such as the rising disposable incomes, rising demand for natural flavours, growing awareness of the benefits of using natural products, and the increasing demand from the cosmetic and food and beverages industry, are expected to aid the market growth.
The key trend guiding the growth of the market includes the changing lifestyles focused on using natural products.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading sources of cranberry extract in the market are organic and conventional.
The significant product forms of cranberry extract in the industry are liquid, dried, and powder.
The major application segments in the market are food, beverages, pharmaceuticals, nutraceuticals, and cosmetics and personal care, among others.
The leading distribution channels in the market are direct and indirect.
The major players in the industry are NOW foods Inc., Ethical Naturals Inc., Artemis International, Nature's Way Products LLC., Swisse Wellness Pty Ltd, and Langyuan Bio-Tech Co., Ltd, among others.
Analyst Review
The global cranberry extract market is being aided by the rising cranberry market. Aided by the rising demand for natural flavours, the cranberry market is expected to witness a moderate growth in the forecast period of 2023-2028, growing at a CAGR of 3.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on source, the market is bifurcated into organic and conventional. By product form, the industry is divided into liquid, dried, and powder. On the basis of application, the industry is segmented into food, beverages, pharmaceuticals, nutraceuticals, and cosmetics and personal care, among others. Based on distribution channel, the industry is categorised into direct and indirect. The major regional markets for cranberry extract are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include NOW foods Inc., Ethical Naturals Inc., Artemis International, Nature's Way Products LLC., Swisse Wellness Pty Ltd, and Langyuan Bio-Tech Co., Ltd, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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