Global Berry-based Supplements Market, By Ingredients (Vitamins, Minerals, Herbal/Botanical Extracts, Omega-3 Fatty Acids, Amino Acids, Probiotics, Others), Form (Capsule, Tablets, Powder, Liquid, Soft gel, Others), Consumer Group (Infants, Children, Adults, Pregnant, Geriatric), Distribution Channel (Online Distribution Channel, Offline Distribution Channel), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Berry-based Supplements Market
Data Bridge Market Research analyses that the global berry-based supplements market will project a CAGR of 9.90% for the forecast period of 2022-2029. Growth and expansion of the food supplements industry, growing number of product innovations by the major manufacturers and players, rising consumer demand for all kinds of vitamin and mineral rich supplements around the globe, changings tastes and preferences of consumers, ever-rising geriatric population base and increasing personal disposable income by the major companies are the major factors attributable to the growth of berry-based supplements market. Therefore, the berry-based supplements market value, which was USD 1.10 billion in 2020, would rocket up to USD 2.57 billion by 2029.
From the name itself, it is clear that berry-based supplements are the supplements that are manufactured using berries as the main ingredients. Cranberries, raspberries and blueberries are the most common types of berries that are only grown in certain specific geographical locations. The berry-based supplements provide a wide range of health benefits to the consumers.
Rising personal disposable income and growing consumer consciousness towards advantages of berry-based supplements around the world are the major factors fostering the growth of the market. Changing lifestyle, westernization, rising research and development initiatives taken by major companies especially in the developing economies, increase in the need for nutrients for monogastric animals in various countries and rising prevalence of chronic diseases are acting as market growth determinants. Improving distribution channel, surging cultivation of berries especially in the western economies and growing adoption of urban lifestyle will further induce growth in the market value.
However, high costs associated with the product will pose a major challenge to the growth of the market. Fluctuations in the prices of raw materials and supply chain disruptions owing to the pandemic will further restrict the scope of growth for the market. Stringent regulations imposed by the government in certain economies and lack of awareness in the backward areas will also hamper the market growth rate.
This berry-based supplements market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on berry-based supplements market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Berry-based Supplements Market Scope and Market Size
The berry-based supplements market is segmented on the basis of ingredients, form, consumer group and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of ingredients, the berry-based supplements market is segmented into vitamins, minerals, herbal/botanical extracts, omega-3 fatty acids, amino acids, probiotics and others. Vitamins segment is sub-segmented into vitamin B, vitamin C, vitamin D and vitamin E. Minerals segment is sub-segmented into calcium, potassium, magnesium, iron and zinc. Amino acids segment is sub-segmented into BCAA, arginine, aspartate, glutamine, beta alanine, creatine and l-carnitine.
- On the basis of form, the berry-based supplements market is segmented into capsule, tablets, powder, liquid, soft gel and others.
- On the basis of consumer group, the berry-based supplements market is further segmented into infants, children, adults, pregnant and geriatric.
- On the basis of distribution channel, the berry-based supplements market is segmented into online distribution channel and offline distribution channel. Online distribution channel segment is sub-segmented into e-commerce platforms and company owned websites. Offline distribution channel segment is sub-segmented into supermarkets and hypermarkets, drug stores/pharmacy, specialty stores and others.
Berry-based Supplements Market Country Level Analysis
The berry-based supplements market is analyses and market size, volume information is provided by country, ingredients, form, consumer group and distribution channel as referenced above.
The countries covered in the berry-based supplements market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America region dominates the berry-based supplements market and will continue to flourish its trend of dominance during the forecast period owing to the rise in the incidence of chronic diseases in several countries such as in U.S. and Canada. Asia-Pacific region will score the highest growth rate owing to the growing awareness among the population, changing lifestyle, and increasing personal disposable income.
The country section of the berry-based supplements market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Berry-based Supplements Market Share Analysis
The berry-based supplements market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to berry-based supplements market.
Some of the major players operating in the berry-based supplements market are Pfizer Inc., DSM, Sanofi, Abbott, GlaxoSmithKline plc, Bayer AG, Pfizer Inc., ADM, Stepan Company, International Flavors & Fragrances Inc., THE BOUNTIFUL COMPANY., DSM, Amway, Herbalife International of America, Inc., Omega Protein Corporation, Integrated BioPharma, Inc., Nu Skin Enterprises Inc., BASF SE, Surya Herbal Ltd., Bio Botanica, Inc., The Himalaya Drug Company, Ricola, Pharmavite LLC, Blackmores, Epax, and Axellus AS among others.
SKU-