How Has the Maqui Berries Market Evolved Historically and What is its Current Size?
The maqui berries market has seen considerable growth due to a variety of factors.
• There has been swift expansion in the market size of maqui berries in the past few years. From 2024 to 2025, the value is anticipated to surge from $24.44 billion to $27.03 billion, with a compound annual growth rate (CAGR) of 10.6%.
Factors such as a growing population, expanding distribution networks, increasing desire for clean-label products, immune health support and public awareness campaigns have been instrumental in the observed growth during the historic period.
What Is The Projected Growth Of The Maqui Berries Template Market?
The maqui berries market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the maqui berries market as it is predicted to undergo substantial growth in the upcoming years. The market's growth projection is set for $39.9 billion in 2029, with a compound annual growth rate (CAGR) of 10.2%.
This surge in the forecast period can be attributed to the mounting recognition of functional foods, the surge in the functional beverages sector, increasing preference for vegan and vegetarian dietary habits, the shift towards more proactive healthcare methods, and the rising investments in research and development. The major trends for the projection period entail a heightened attention towards anti-aging solutions, agricultural practice improvements, breakthroughs in food processing technology, incorporation in gourmet cooking, and integration into the beauty and skincare industry.
What Are The Key Drivers Fueling Growth In The Maqui Berries Market?
The burgeoning cosmetic industry is anticipated to play a significant role in driving the growth of the maqui berries market. This industry encompasses the creation, production, and advertising of beauty and personal healthcare products. The cosmetic industry is witnessing expansion due to a surge in consumer demand for personal care items, heightened consciousness regarding beauty, and innovation in product development. The use of maqui berries in cosmetics is due to their powerful antioxidant attributes which assist in counteracting harmful free radicals, minimizing aging signs, and improving overall skin health. For example, in July 2022, the International Trade Administration, a U.S. Department of Commerce that facilitates exports of non-agricultural U.S. goods and services, reported that the Canadian cosmetics market generated roughly USD 1.24 billion in 2021. Moreover, with a projected yearly growth rate of 1.45%, this market is expected to increase its revenues to USD 1.8 billion by 2024. Hence, the escalating growth of the cosmetic industry contributes to propelling the maqui berries market.
What Are The Principal Market Segments In The Global Maqui Berries Industry?
The maqui berriesmarket covered in this report is segmented –
1) By Nature: Organic, Conventional
2) By Form: Fresh, Processed, Powder, Extract, Dried
3) By Distribution Channel: Business To Business (B2B), Business To Consumer (B2C)
4) By End-Use: Food And Beverages, Nutraceuticals, Personal Care, Other End-Uses
Subsegments:
1) By Organic: Certified Organic Maqui Berries, Organic Freeze-Dried Maqui Berries, Organic Maqui Berry Powder
2) By Conventional: Conventional Fresh Maqui Berries, Conventional Dried Maqui Berries, Conventional Maqui Berry Extracts
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How Are Emerging Trends Reshaping The Dynamics Of The Maqui Berries Market?
Major players in the maqui berries industry are prioritizing the launch of unique products like soft-gel capsules for ease of use. The term 'soft-gel capsules' pertains to a form of oral dosage encapsulating liquid or semi-liquid substances in a shell fabricated from gelatin, often utilized for vitamins, supplements, and pharmaceuticals. For example, NovaBay Pharmaceuticals Inc., a pharmaceutical company based in the US, debuted the OTC Avenova Eye Health Support oral supplement in March 2023. This supplement, abundant in antioxidants, melds MaquiBright maqui berry extract with superior omega-3 oils intending to mitigate dry eyes and promote overall ocular health.
Who Are the Key Players In The Maqui Berries Market?
Major companies operating in the maqui berries market are:
• Evonik Industries AG
• NOW FOODS PRIVATE LIMITED
• Life Extension Foundation Buyers Club Inc.
• Mountain Rose Inc.
• Sunfood Corporation
• Terrasoul Superfoods
• Navitas LLC
• Vitapia
• CK Ingredients Inc.
• Bayas d el Sur SA
• Seventhills Wholefoods Ltd.
• Paradise Herbs & Essentials Inc.
• Jeeva Organic Private Limited
• HP Ingredients Corp.
• Keva Kaipo Industries Pvt Ltd.
• Rainforest Supply LLC
• Vita Forte Inc.
• Food to Live
• Noomadic Herbals
• Koyah
• Fitness Health
• SB Organics
• Vivid Health Nutrition
• SouthAm Freeze Dry
What Are The Regional Insights Into The Maqui Berries Market?
North America was the largest region in the maqui berries market in 2024. The regions covered in the maqui berries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
