Goji Berries Market Scope and Size by 2031
Goji Berries are the fruits of the goji plants or wolfberry. It is also known by several names like boxthorn, wolfberry, and matrimony vine. It is a bright orange, red berry that comes from a shrub known as Lycium genus. It has been used in Tibet because of its health benefit like improving brain activity, proper functioning of the immune system, and prevent aging. Goji berries are a good source of vitamins and minerals including fiber, vitamin A and C, iron, zinc, antioxidants and it also contain all eight essential amino acids which provide 10 percent of your daily protein.
MARKET DYNAMICS
The main driver of the goji berry market is the health benefits that it provides. The fruits are being increasingly used in digestive supplement products and weight management because they are a good source of fiber and low in fat and calories. Due to the changing lifestyle, people are suffering from various diseases like diabetes, hypertension, anxiety disorders, and common ailments like fever and cold, and thus they are opting for products like goji berries, which are ideal for these problems. The major drawback for this market is regulatory restrictions placed by North America and Europe on goji berries import and labeling.
MARKET SCOPE
The "Global Goji berriesMarket Analysis to 2031” is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the goji berries market with detailed market segmentation by product type, end use, distribution channel and geography. The global goji berries market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading goji berries market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global goji berries market is segmented on the basis of product type, end use, and distribution channel. On the basis of product type the global goji berriesmarket is segmented into fresh, dried, juice, powdered, and frozen. By end use the goji berries market is classified into food and beverage, pharmaceuticals, nutraceuticals, personal care and cosmetics, and others. Based on distribution channel the global goji berriesmarket is segmented into hypermarkets/ Supermarkets, Specialty stores, convenience stores, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global goji berries market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The goji berries market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the goji berries market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the goji berries market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global goji berries market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The goji berries market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the goji berries market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the goji berries market in these regions.
MARKET PLAYERS
The reports cover key developments in the goji berries market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from goji berries market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the goji berries market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the goji berries market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Shaanxi NHK Technology Co.
- Navitas Naturals
- Unicorn Superfoods
- The Berry Company
- Gojix Ltd.
- Ningxia Red-goji berry trade Co., Ltd.
- Organicway
- Alovitox
- Vantasty
- Goji Berry Farm¬¬
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Goji Berries Market - By Product Type
1.3.2 Goji Berries Market - By End Use
1.3.3 Goji Berries Market - By Distribution Channel
1.3.4 Goji Berries Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GOJI BERRIES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER’S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. GOJI BERRIES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. GOJI BERRIES MARKET - GLOBAL MARKET ANALYSIS
6.1. GOJI BERRIES - GLOBAL MARKET OVERVIEW
6.2. GOJI BERRIES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GOJI BERRIES MARKET - REVENUE AND FORECASTS TO 2028 – PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. FRESH
7.3.1. Overview
7.3.2. Fresh Market Forecast and Analysis
7.4. DRIED
7.4.1. Overview
7.4.2. Dried Market Forecast and Analysis
7.5. JUICE
7.5.1. Overview
7.5.2. Juice Market Forecast and Analysis
7.6. POWDERED
7.6.1. Overview
7.6.2. Powdered Market Forecast and Analysis
7.7. FROZEN
7.7.1. Overview
7.7.2. Frozen Market Forecast and Analysis
8. GOJI BERRIES MARKET - REVENUE AND FORECASTS TO 2028 – END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. FOOD AND BEVERAGE
8.3.1. Overview
8.3.2. Food and Beverage Market Forecast and Analysis
8.4. PHARMACEUTICALS
8.4.1. Overview
8.4.2. Pharmaceuticals Market Forecast and Analysis
8.5. NUTRACEUTICALS
8.5.1. Overview
8.5.2. Nutraceuticals Market Forecast and Analysis
8.6. PERSONAL CARE AND COSMETICS
8.6.1. Overview
8.6.2. Personal Care and Cosmetics Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. GOJI BERRIES MARKET - REVENUE AND FORECASTS TO 2028 – DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. HYPERMARKETS/ SUPERMARKETS
9.3.1. Overview
9.3.2. Hypermarkets/ Supermarkets Market Forecast and Analysis
9.4. SPECIALTY STORES
9.4.1. Overview
9.4.2. Specialty Stores Market Forecast and Analysis
9.5. CONVENIENCE STORES
9.5.1. Overview
9.5.2. Convenience Stores Market Forecast and Analysis
9.6. ONLINE RETAIL OTHERS.
9.6.1. Overview
9.6.2. Online Retail Others. Market Forecast and Analysis
10. GOJI BERRIES MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Goji Berries Market Overview
10.1.2 North America Goji Berries Market Forecasts and Analysis
10.1.3 North America Goji Berries Market Forecasts and Analysis - By Product Type
10.1.4 North America Goji Berries Market Forecasts and Analysis - By End Use
10.1.5 North America Goji Berries Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Goji Berries Market Forecasts and Analysis - By Countries
10.1.6.1 United States Goji Berries Market
10.1.6.1.1 United States Goji Berries Market by Product Type
10.1.6.1.2 United States Goji Berries Market by End Use
10.1.6.1.3 United States Goji Berries Market by Distribution Channel
10.1.6.2 Canada Goji Berries Market
10.1.6.2.1 Canada Goji Berries Market by Product Type
10.1.6.2.2 Canada Goji Berries Market by End Use
10.1.6.2.3 Canada Goji Berries Market by Distribution Channel
10.1.6.3 Mexico Goji Berries Market
10.1.6.3.1 Mexico Goji Berries Market by Product Type
10.1.6.3.2 Mexico Goji Berries Market by End Use
10.1.6.3.3 Mexico Goji Berries Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Goji Berries Market Overview
10.2.2 Europe Goji Berries Market Forecasts and Analysis
10.2.3 Europe Goji Berries Market Forecasts and Analysis - By Product Type
10.2.4 Europe Goji Berries Market Forecasts and Analysis - By End Use
10.2.5 Europe Goji Berries Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Goji Berries Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Goji Berries Market
10.2.6.1.1 Germany Goji Berries Market by Product Type
10.2.6.1.2 Germany Goji Berries Market by End Use
10.2.6.1.3 Germany Goji Berries Market by Distribution Channel
10.2.6.2 France Goji Berries Market
10.2.6.2.1 France Goji Berries Market by Product Type
10.2.6.2.2 France Goji Berries Market by End Use
10.2.6.2.3 France Goji Berries Market by Distribution Channel
10.2.6.3 Italy Goji Berries Market
10.2.6.3.1 Italy Goji Berries Market by Product Type
10.2.6.3.2 Italy Goji Berries Market by End Use
10.2.6.3.3 Italy Goji Berries Market by Distribution Channel
10.2.6.4 United Kingdom Goji Berries Market
10.2.6.4.1 United Kingdom Goji Berries Market by Product Type
10.2.6.4.2 United Kingdom Goji Berries Market by End Use
10.2.6.4.3 United Kingdom Goji Berries Market by Distribution Channel
10.2.6.5 Russia Goji Berries Market
10.2.6.5.1 Russia Goji Berries Market by Product Type
10.2.6.5.2 Russia Goji Berries Market by End Use
10.2.6.5.3 Russia Goji Berries Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Goji Berries Market Overview
10.3.2 Asia-Pacific Goji Berries Market Forecasts and Analysis
10.3.3 Asia-Pacific Goji Berries Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Goji Berries Market Forecasts and Analysis - By End Use
10.3.5 Asia-Pacific Goji Berries Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Goji Berries Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Goji Berries Market
10.3.6.1.1 Australia Goji Berries Market by Product Type
10.3.6.1.2 Australia Goji Berries Market by End Use
10.3.6.1.3 Australia Goji Berries Market by Distribution Channel
10.3.6.2 China Goji Berries Market
10.3.6.2.1 China Goji Berries Market by Product Type
10.3.6.2.2 China Goji Berries Market by End Use
10.3.6.2.3 China Goji Berries Market by Distribution Channel
10.3.6.3 India Goji Berries Market
10.3.6.3.1 India Goji Berries Market by Product Type
10.3.6.3.2 India Goji Berries Market by End Use
10.3.6.3.3 India Goji Berries Market by Distribution Channel
10.3.6.4 Japan Goji Berries Market
10.3.6.4.1 Japan Goji Berries Market by Product Type
10.3.6.4.2 Japan Goji Berries Market by End Use
10.3.6.4.3 Japan Goji Berries Market by Distribution Channel
10.3.6.5 South Korea Goji Berries Market
10.3.6.5.1 South Korea Goji Berries Market by Product Type
10.3.6.5.2 South Korea Goji Berries Market by End Use
10.3.6.5.3 South Korea Goji Berries Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Goji Berries Market
10.3.6.6.1 Rest of Asia-Pacific Goji Berries Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Goji Berries Market by End Use
10.3.6.6.3 Rest of Asia-Pacific Goji Berries Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Goji Berries Market Overview
10.4.2 Middle East and Africa Goji Berries Market Forecasts and Analysis
10.4.3 Middle East and Africa Goji Berries Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Goji Berries Market Forecasts and Analysis - By End Use
10.4.5 Middle East and Africa Goji Berries Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Goji Berries Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Goji Berries Market
10.4.6.1.1 South Africa Goji Berries Market by Product Type
10.4.6.1.2 South Africa Goji Berries Market by End Use
10.4.6.1.3 South Africa Goji Berries Market by Distribution Channel
10.4.6.2 Saudi Arabia Goji Berries Market
10.4.6.2.1 Saudi Arabia Goji Berries Market by Product Type
10.4.6.2.2 Saudi Arabia Goji Berries Market by End Use
10.4.6.2.3 Saudi Arabia Goji Berries Market by Distribution Channel
10.4.6.3 U.A.E Goji Berries Market
10.4.6.3.1 U.A.E Goji Berries Market by Product Type
10.4.6.3.2 U.A.E Goji Berries Market by End Use
10.4.6.3.3 U.A.E Goji Berries Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Goji Berries Market
10.4.6.4.1 Rest of Middle East and Africa Goji Berries Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Goji Berries Market by End Use
10.4.6.4.3 Rest of Middle East and Africa Goji Berries Market by Distribution Channel
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. GOJI BERRIES MARKET, KEY COMPANY PROFILES
12.1. ALOVITOX
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. GOJI BERRY FARM
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. GOJIX LTD.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. NAVITAS NATURALS
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. NINGXIA RED-GOJI BERRY TRADE CO., LTD.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. ORGANICWAY
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. SHAANXI NHK TECHNOLOGY CO.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. THE BERRY COMPANY
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. UNICORN SUPERFOODS
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. VANTASTY
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Alovitox
2. Goji Berry Farm
3. Gojix Ltd.
4. Navitas Naturals
5. Ningxia Red-goji berry trade Co., Ltd.
6. Organicway
7. Shaanxi NHK Technology Co.
8. The Berry Company
9. Unicorn Superfoods
10. Vantasty
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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