Global Chokeberry Extract Market Analysis and Forecast 2022-2030
The global Chokeberry Extract Market is projected to grow at a CAGR of 4.7% during the forecast period 2022 to 2030.
Chokeberry Extract Market Overview:
Growing consumer interest in nutrition and adoption of natural and plant-based products have controlled the food and beverage market. Several herbal and fruit extracts are gaining traction with the advent of alternative medicine in the global market. One such product gaining demand in the food and beverage sector is chokeberry extract. Demand for chokeberry extract has seen significant growth in recent years and is expected to follow a similar upward trajectory over the forecast period.
Chokeberry Extract market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Chokeberry Extract market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
Significant Chokeberry Extract Market Growth Factors:
Demand for several plant-based ingredients such as chokeberry extract is increasing as the acceptance of traditional and alternative medicines increases. The demand for chokeberry extract is largely driven by end-uses in food and beverages. Demand for chokeberry extract is expected to witness significant growth over the forecast period as it is applied in several products such as ice cream, tea, juice, soft spreads and wine products.
The Chokeberry Extract market research report is categorized based on type, applications and region.
Market Key Players:
Bellbrook Berry Farm, Microstructure Sp., Sawmill Hollow Family Farm, Mae's Health and Wellness, LLC., Cedar Gardens LLC, B.T. Aronia Farm, OPG Medic, P.P.H.U. Bio Juice, Tecofood Sp, and others.
- Black chokeberry
- Purple chokeberry
- Red chokeberry
- Food and Beverages
Geographically, the global Chokeberry Extract market has been analysed in various regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA).
North America holds the highest share in terms of demand for chokeberry extract. Growing demand for nutritional and plant-based products in the region is one of the key factors behind this demand. As North America is the country of origin for chokeberry, demand for this product is expected to remain high in the region. The application of chokeberry extract to nutraceuticals is expected to open up new avenues of exploration. North America is expected to hold the highest share of the global market in terms of demand, while Europe is expected to be the emerging market for chokeberry extract during the forecast period.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Chokeberry Extract Market report scope
CAGR of 4.7% from 2022 to 2030.
Black chokeberry, Purple chokeberry, Red chokeberry
Food and Beverages, Neutraceuticals
P.P.H.U. Bio Juice, OPG Medic, Microstructure, Mae's Health and Wellness, Cedar Gardens, Bellbrook Berry Farm, B.T. Aronia Farm
Regions and Countries Covered
2017 to 2022
2023 to 2030
Key Takeaways from this Chokeberry Extract Report
- Estimate Chokeberry Extract market potential through analysing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Chokeberry Extract market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
Frequently Asked Questions
At what CAGR is the Chokeberry Extract market projected to grow in the forecast period 2022 to 2030?
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Which application segment is expected to drive the growth of the Chokeberry Extract market in the next 5 years?
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