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% .
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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Dec 28, 2023