Market
Introduction:
In
the rising world of modernization and corporate culture, individuals
have started to become health conscious and started to take care of
their diet. People are curious about what they consume and tend to
include healthy foods and supplements in their diets. Owing to busy
schedules, individuals often sacrifice their diets. To balance their
diets, people have started to include dietary supplements and
functional foods in their diets. Boysenberry is a large bramble berry
which grows on trailing vines cultivated in North America and New
Zealand, and are available during late springs and early summers.
Boysenberry extract is extensively used as a flavoring agent in
variety of foods and beverages. Boysenberry extract is considered as
superfood supplement as it is a rich source of vitamin C,
anthocyanins and anti-oxidants which helps in maintaining
individual’s health.
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On
the basis of region, boysenberry extract market is holding the
highest share of consumption in North America, followed by Europe.
Asia Pacific seems to be the most lucrative market due to which
boysenberry extract market is expected to grow during the forecast
period at a significant rate.
Boysenberry
Extract Market: Segmentation
Boysenberry
extract market can be segmented on the basis of nature, end-use
applications, sales channel and region.
On
the basis of nature, boysenberry extract market can be segmented into
organic and conventional. Organic segment is expected to expand at
relatively high value CAGR which in turn, will fuel the growth of
boysenberry extract market.
Boysenberry
extract market can be further segmented on the basis of end-use
application into household, food industry, beverage industry, HoReCa
and others. Food industry is further sub-segmented into bakery,
desserts & ice-creams, confectionery, Jams & Jellies, dairy
products and dietary supplements. Beverage industry is further sub
segmented into wine, spirits, beer and others.
On
the basis of distribution channel, Boysenberry extract market can be
segmented into direct and retail sales. Direct sales refers to direct
selling of extract to other industries as an ingredient. Retail sales
is further segmented into modern trade, specialty stores, online
retail, and other retailing formats.
On
the basis of region, Boysenberry
Extract market can be segmented into five key regions: North
America, Latin America, Europe, Asia Pacific, and Middle East and
Africa.
Boysenberry
Extract market: Drivers, Restraints, and Trends
Due
to change in the market trend, people are more interested in natural
products which will play an important role in fueling the growth of
present Boysenberry Extract market. Increasing awareness of
functional foods and dietary supplements is expected to drive the
market over the forecast period. Awareness about associated health
benefits of Boysenberry extract as a dietary supplement, food
ingredient etc. is also expected to drive the sales. Widely known
benefits of Boysenberry extract in improving eye vision is also
expected to be a driving force over the forecast period.
Usage
of Boysenberry extract along with other medications could be allergic
to someone who is allergic to blackberries and raspberries, which
could be considered as a restraint, which could adversely affect the
sales. Consumption of healthy food products and dietary supplement is
trending across the globe.
Boysenberry
Extract Market: Regional Outlook
Depending
on the geographic regions, global Boysenberry Extract market is
segmented into five key regions: North America, Latin America,
Europe, APAC, and MEA.
In
terms of the total market size of the Boysenberry extract, North
America and Europe accounts for a market share of more than 50% and
is expected to dominate the Global Boysenberry Extract Market during
the forecasted period.
Asia
Pacific Boysenberry Extract market is expected to grow at significant
rate in terms of consumption during the forecast period because
people have started to opt for healthy products and dietary
supplements. The Middle East and Africa is expected to grow steadily
in the forecast period as disposable income is increasing in the
region.
Population
around the globe is getting aware slowly about the health benefits of
Boysenberry Extract and dietary supplements.
Boysenberry
Extract Market: Key Players
Some
of the prominent manufacturers of Boysenberry Extract are Amoretti,
Flavor Producers, Inc., Vege Tech Co., Brewer’s Best, and other
regional players.
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