Maqui Berries Market Scope And Analysis

  • Report Code : TIPRE00015940
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 139
Buy Now

Maqui Berries Market Scope and Analysis by 2030

Buy Now


Maqui Berries Market Report Scope

Report Attribute Details
Market size in 2022 US$ 33.76 Million
Market Size by 2030 US$ 83.70 Million
Global CAGR (2022 - 2030) 12.0%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Form
  • Fresh and Processed
By Category
  • Organic and Conventional
By Application
  • Functional Food and Beverages
  • Pharmaceuticals and Nutraceuticals
  • Personal Care and Cosmetics
  • Animal Nutrition
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • HP Ingredients Corp
  • Shaanxi LonierHerb Bio Technology Co Ltd
  • Rainforest Supply LLC
  • CK Ingredients Inc
  • Jeeva Organic Pvt Ltd
  • Ferreiro Co Inc
  • Abbott Blackstone Co
  • Vita Forte Inc
  • Nature s Power Nutraceuticals Corp
  • COVID-19 Impact: 

    The outbreak of COVID-19 significantly disrupted the agricultural supply chains. Lockdowns, trade bans, and border restrictions hampered the production and supply of raw materials such as fresh and dried maqui berries worldwide. The agricultural yield reduced significantly due to lockdown restrictions, labor shortage, and nationwide business shutdown. Initially, in 2020, consumers started panic buying due to the fear of lockdown which created massive shortage of maqui berries. Moreover, as international trade was banned, the import volume of exotic fruits such as maqui berries also decreased which created supply shortage. This factor also resulted in price hikes, which hampered the sales of various exotic fruits manufacturers operating in the globe.

    Many businesses recovered as the governments of various countries eased the restrictions after the initial months of lockdown in 2020. The introduction of the COVID-19 vaccine offered further relief from the distressing pandemic situation, leading to a rise in business activities. The resumption of operations in the manufacturing units positively impacted the maqui berries market in the globe. Manufacturers overcame the demand and supply gap as they were permitted to operate at total capacity. Moreover, the strategic initiatives adopted by the key players fuels the demand for the maqui berries. For instance, in August 2023, Canada-based CK Nutraceuticals has extended its North American distribution agreement with Chile-based Maqui New Life for the promotion and distribution of the Maqui berry-derived Delphinol and MaquiBright ingredients.

    Competitive Landscape and Key Companies:

    HP Ingredients Corp, Shaanxi LonierHerb Bio-Technology Co Ltd, Rainforest Supply LLC, CK Ingredients Inc, Jeeva Organic Pvt Ltd, Ferreiro & Co Inc, Abbott Blackstone Co, Vita Forte Inc, Nature's Power Nutraceuticals Corp, and Xi'an Herb Bio-Tech Co Ltd are among the prominent players operating in the global maqui berries market. These maqui berries manufacturers offer cutting-edge maqui berry-based products with innovative features to deliver a superior experience to consumers.