Product Code: TIPRE00015940
The maqui berries market is expected to grow from US$ 33.76 million in 2022 to US$ 83.70 million by 2030; it is expected to record a CAGR of 12.0% from 2022 to 2030.
Rising demand for maqui berries in the pharmaceuticals & nutraceuticals, and food & beverages industries is one of the major factors driving the growth of maqui berries. Anklam Extrakt GmbH, a Germany-based manufacturer of natural extracts and powder, has developed MaquiBright, which is a standardized extract of maqui berries used to support eye health and dry eye problems by naturally restoring the production of tears and reducing oxidative stress in the eyes. The company has also manufactured JustMaqui, a standardized maqui berry juice with high anthocyanin concentration, which can be used as a functional ingredient in milkshakes, smoothies, yogurts, glazing sauces, and cereal bars. The presence of key players of maqui berry powders and extracts operating actively across the globe is expected to open significant growth opportunities in the foreseeable future.
Based on form, the maqui berries market is segmented into fresh and processed. The processed segment is projected to register the largest share during the forecast period. Maqui berries are processed into different forms, such as frozen, dried, and powdered, to increase their shelf-life. Fresh maqui berries are available majorly in South American countries such as Chile and Argentina. However, fresh maqui berries are highly perishable and are exposed to damage during transportation, resulting in wastage and high transportation costs. Therefore, end use industries of maqui berries usually prefer processed berries to reduce wastage and huge transportation costs. These factors significantly drive the market growth for the processed segment. All these factors positively influence the maqui berries market growth for the processed segment.
By geography, the maqui berries market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. In 2022, North America held the largest market share during the forecast period. However, Europe is a fastest growth region. Maqui berries are witnessing high demand across the personal care sector in Europe due to their high antioxidant content that reduces skin damage, brightens skin tone, and provides antiaging effects. Skin care and personal care product manufacturers are using maqui berries in their products to meet the rising demand for the maqui berry-infused products. For instance, Coos Cosmetics, the Netherlands-based company, offers an antioxidant cream containing the extract of fermented maqui berries. The company claims that the cream provides anti-inflammatory, antiaging, and skin regeneration effects that improve the overall texture, firmness, and quality of the skin. Thus, the rising use of maqui berries or their extracts in personal care products is expected to provide strong potential to the maqui berries market in Europe during the forecast period. The maqui berries market in Europe is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Europe is one of the major importers of berries and fresh fruits. The demand for maqui berries is increasing rapidly across the European Union (EU) countries owing to growing awareness regarding their health benefits. Functional food and beverages with maqui berry extract are becoming popular in Europe due to their unique flavor, vibrant color, and rich nutritional profile. Increasing preference for organic, vegan, clean, GMO-free, and all-natural food and beverages in the region as consumers perceive these products to be healthier than conventional ones is driving the demand for organic maqui berries.
The leading players in the maqui berries market are 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. These players are developing various products to address consumers' growing demand.
The size of the maqui berries market has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants-including valuation experts, research analysts, and key opinion leaders-specializing in the maqui berries market.
Reasons to Buy:
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global maqui berries market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
Table Of Contents
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 3.4 Limitations and Assumptions
4. Maqui Berries Market Landscape
- 4.1 Overview
- 4.3 Porter's Five Forces Analysis
- 4.4 Ecosystem Analysis
- 4.4.1 List of Vendors in the Value Chain
5. Maqui Berries Market - Key Industry Dynamics
- 5.1 Market Drivers
- 5.1.1 Increasing Use of Maqui Berries in Functional Food and Beverages
- 5.1.2 Utilization of Maqui Berries in Supplements for Diabetes
- 5.2 Market Restraints
- 5.2.1 Limited Supply of Maqui Berries
- 5.3 Market Opportunities
- 5.3.1 Development of Medicines with Maqui Berry Extracts that Support Eye Health
- 5.4 Future Trends
- 5.4.1 Rising Popularity of Skin Care Products with Maqui Berry
- 5.5 Impact of Drivers and Restraints:
6. Maqui Berries Market - Global Market Analysis
- 6.1 Maqui Berries Market Revenue (US$ Thousand), 2022 - 2030
- 6.2 Maqui Berries Market Forecast and Analysis
7. Global Maqui Berries Market Analysis - Form
- 7.1 Fresh
- 7.1.1 Overview
- 7.1.2 Fresh Market Revenue and Forecast to 2030 (US$ Thousand)
- 7.2 Processed
- 7.2.1 Overview
- 7.2.2 Processed Market Revenue and Forecast to 2030 (US$ Thousand)
8. Global Maqui Berries Market Analysis - Category
- 8.1 Organic
- 8.1.1 Overview
- 8.1.2 Organic Market Revenue, and Forecast to 2030 (US$ Thousand)
- 8.2 Conventional
- 8.2.1 Overview
- 8.2.2 Conventional Market Revenue, and Forecast to 2030 (US$ Thousand)
9. Global Maqui Berries Market Analysis - Application
- 9.1 Functional Food and Beverages
- 9.1.1 Overview
- 9.1.2 Functional Food and Beverages Market Revenue, and Forecast to 2030 (US$ Thousand)
- 9.2 Pharmaceuticals and Nutraceuticals
- 9.2.1 Overview
- 9.2.2 Pharmaceuticals and Nutraceuticals Market Revenue, and Forecast to 2030 (US$ Thousand)
- 9.3 Personal Care and Cosmetics
- 9.3.1 Overview
- 9.3.2 Personal Care and Cosmetics Market Revenue, and Forecast to 2030 (US$ Thousand)
- 9.4 Animal Nutrition
- 9.4.1 Overview
- 9.4.2 Animal Nutrition Market Revenue, and Forecast to 2030 (US$ Thousand)
10. Maqui Berries Market - Geographical Analysis
- 10.1 North America
- 10.1.1 North America Maqui Berries Market Overview
- 10.1.2 North America Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.1.3 North America Maqui Berries Market Breakdown by Form
- 10.1.3.1 North America Maqui Berries Market Revenue and Forecasts and Analysis - By Form
- 10.1.4 North America Maqui Berries Market Breakdown by Category
- 10.1.4.1 North America Maqui Berries Market Revenue and Forecasts and Analysis - By Category
- 10.1.5 North America Maqui Berries Market Breakdown by Application
- 10.1.5.1 North America Maqui Berries Market Revenue and Forecasts and Analysis - By Application
- 10.1.6 North America Maqui Berries Market Revenue and Forecasts and Analysis - By Countries
- 10.1.6.1 North America Maqui Berries Market Breakdown by Country
- 10.1.6.2 US Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.1.6.2.1 US Maqui Berries Market Breakdown by Form
- 10.1.6.2.2 US Maqui Berries Market Breakdown by Category
- 10.1.6.2.3 US Maqui Berries Market Breakdown by Application
- 10.1.6.3 Canada Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.1.6.3.1 Canada Maqui Berries Market Breakdown by Form
- 10.1.6.3.2 Canada Maqui Berries Market Breakdown by Category
- 10.1.6.3.3 Canada Maqui Berries Market Breakdown by Application
- 10.1.6.4 Mexico Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.1.6.4.1 Mexico Maqui Berries Market Breakdown by Form
- 10.1.6.4.2 Mexico Maqui Berries Market Breakdown by Category
- 10.1.6.4.3 Mexico Maqui Berries Market Breakdown by Application
- 10.2 Europe
- 10.2.1 Europe Maqui Berries Market Overview
- 10.2.2 Europe Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.2.3 Europe Maqui Berries Market Breakdown by Form
- 10.2.3.1 Europe Maqui Berries Market Revenue and Forecasts and Analysis - By Form
- 10.2.4 Europe Maqui Berries Market Breakdown by Category
- 10.2.4.1 Europe Maqui Berries Market Revenue and Forecasts and Analysis - By Category
- 10.2.5 Europe Maqui Berries Market Breakdown by Application
- 10.2.5.1 Europe Maqui Berries Market Revenue and Forecasts and Analysis - By Application
- 10.2.6 Europe Maqui Berries Market Revenue and Forecasts and Analysis - By Countries
- 10.2.6.1 Europe Maqui Berries Market Breakdown by Country
- 10.2.6.2 Germany Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.2.6.2.1 Germany Maqui Berries Market Breakdown by Form
- 10.2.6.2.2 Germany Maqui Berries Market Breakdown by Category
- 10.2.6.2.3 Germany Maqui Berries Market Breakdown by Application
- 10.2.6.3 France Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.2.6.3.1 France Maqui Berries Market Breakdown by Form
- 10.2.6.3.2 France Maqui Berries Market Breakdown by Category
- 10.2.6.3.3 France Maqui Berries Market Breakdown by Application
- 10.2.6.4 Italy Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.2.6.4.1 Italy Maqui Berries Market Breakdown by Form
- 10.2.6.4.2 Italy Maqui Berries Market Breakdown by Category
- 10.2.6.4.3 Italy Maqui Berries Market Breakdown by Application
- 10.2.6.5 UK Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.2.6.5.1 UK Maqui Berries Market Breakdown by Form
- 10.2.6.5.2 UK Maqui Berries Market Breakdown by Category
- 10.2.6.5.3 UK Maqui Berries Market Breakdown by Application
- 10.2.6.6 Russia Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.2.6.6.1 Russia Maqui Berries Market Breakdown by Form
- 10.2.6.6.2 Russia Maqui Berries Market Breakdown by Category
- 10.2.6.6.3 Russia Maqui Berries Market Breakdown by Application
- 10.2.6.7 Rest of Europe Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.2.6.7.1 Rest of Europe Maqui Berries Market Breakdown by Form
- 10.2.6.7.2 Rest of Europe Maqui Berries Market Breakdown by Category
- 10.2.6.7.3 Rest of Europe Maqui Berries Market Breakdown by Application
- 10.3 Asia Pacific Maqui Berries Market
- 10.3.1 Overview
- 10.3.2 Asia Pacific Maqui Berries Market Revenue and Forecasts To 2030 (US$ Thousand)
- 10.3.3 Asia Pacific Maqui Berries Market Breakdown by Form
- 10.3.3.1 Asia Pacific Maqui Berries Market Revenue and Forecasts and Analysis - By Form
- 10.3.4 Asia Pacific Maqui Berries Market Breakdown by Category
- 10.3.4.1 Asia Pacific Maqui Berries Market Revenue and Forecasts and Analysis - By Category
- 10.3.5 Asia Pacific Maqui Berries Market Breakdown by Application
- 10.3.5.1 Asia Pacific Maqui Berries Market Revenue and Forecasts and Analysis - By Application
- 10.3.6 Asia Pacific Maqui Berries Market Breakdown by Country
- 10.3.6.1 Asia Pacific Maqui Berries Market Breakdown by Country
- 10.3.6.2 China Maqui Berries Market Revenue and Forecasts To 2030 (US$ Thousand)
- 10.3.6.2.1 China Maqui Berries Market Breakdown by Form
- 10.3.6.2.2 China Maqui Berries Market Breakdown by Category
- 10.3.6.2.3 China Maqui Berries Market Breakdown by Application
- 10.3.6.3 Japan Maqui Berries Market Revenue and Forecasts To 2030 (US$ Thousand)
- 10.3.6.3.1 Japan Maqui Berries Market Breakdown by Form
- 10.3.6.3.2 Japan Maqui Berries Market Breakdown by Category
- 10.3.6.3.3 Japan Maqui Berries Market Breakdown by Application
- 10.3.6.4 India Maqui Berries Market Revenue and Forecasts To 2030 (US$ Thousand)
- 10.3.6.4.1 India Maqui Berries Market Breakdown by Form
- 10.3.6.4.2 India Maqui Berries Market Breakdown by Category
- 10.3.6.4.3 India Maqui Berries Market Breakdown by Application
- 10.3.6.5 Australia Maqui Berries Market Revenue and Forecasts To 2030 (US$ Thousand)
- 10.3.6.5.1 Australia Maqui Berries Market Breakdown by Form
- 10.3.6.5.2 Australia Maqui Berries Market Breakdown by Category
- 10.3.6.5.3 Australia Maqui Berries Market Breakdown by Application
- 10.3.6.6 South Korea Maqui Berries Market Revenue and Forecasts To 2030 (US$ Thousand)
- 10.3.6.6.1 South Korea Maqui Berries Market Breakdown by Form
- 10.3.6.6.2 South Korea Maqui Berries Market Breakdown by Category
- 10.3.6.6.3 South Korea Maqui Berries Market Breakdown by Application
- 10.3.6.7 Rest of Asia Pacific Maqui Berries Market Revenue and Forecasts To 2030 (US$ Thousand)
- 10.3.6.7.1 Rest of Asia Pacific Maqui Berries Market Breakdown by Form
- 10.3.6.7.2 Rest of Asia Pacific Maqui Berries Market Breakdown by Category
- 10.3.6.7.3 Rest of Asia Pacific Maqui Berries Market Breakdown by Application
- 10.4 South & Central America
- 10.4.1 South & Central America Maqui Berries Market Overview
- 10.4.2 South & Central America Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.4.3 South & Central America Maqui Berries Market Breakdown by Form
- 10.4.3.1 South & Central America Maqui Berries Market and Forecasts and Analysis - By Form
- 10.4.4 South & Central America Maqui Berries Market Breakdown by Category
- 10.4.4.1 South & Central America Maqui Berries Market Revenue and Forecasts and Analysis - By Category
- 10.4.5 South & Central America Maqui Berries Market Breakdown by Application
- 10.4.5.1 South & Central America Maqui Berries Market Revenue and Forecasts and Analysis - By Application
- 10.4.6 South & Central America Maqui Berries Market Revenue and Forecasts and Analysis - By Countries
- 10.4.6.1 South & Central Maqui Berries Market Breakdown by Country
- 10.4.6.2 Brazil Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.4.6.2.1 Brazil Maqui Berries Market Breakdown by Form
- 10.4.6.2.2 Brazil Maqui Berries Market Breakdown by Category
- 10.4.6.2.3 Brazil Maqui Berries Market Breakdown by Application
- 10.4.6.3 Chile Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.4.6.3.1 Chile Maqui Berries Market Breakdown by Form
- 10.4.6.3.2 Chile Maqui Berries Market Breakdown by Category
- 10.4.6.3.3 Chile Maqui Berries Market Breakdown by Application
- 10.4.6.4 Rest of South & Central America Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.4.6.4.1 Rest of South & Central America Maqui Berries Market Breakdown by Form
- 10.4.6.4.2 Rest of South & Central America Maqui Berries Market Breakdown by Category
- 10.4.6.4.3 Rest of South & Central America Maqui Berries Market Breakdown by Application
- 10.5 Middle East & Africa
- 10.5.1 Middle East & Africa Maqui Berries Market Overview
- 10.5.2 Middle East & Africa Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.5.3 Middle East & Africa Maqui Berries Market Breakdown by Form
- 10.5.3.1 Middle East & Africa Maqui Berries Market and Forecasts and Analysis - By Form
- 10.5.4 Middle East & Africa Maqui Berries Market Breakdown by Category
- 10.5.4.1 Middle East & Africa Maqui Berries Market and Forecasts and Analysis - By Category
- 10.5.5 Middle East & Africa Maqui Berries Market Breakdown by Application
- 10.5.5.1 Middle East & Africa Maqui Berries Market and Forecasts and Analysis - By Application
- 10.5.6 Middle East & Africa Maqui Berries Market Revenue and Forecasts and Analysis - By Countries
- 10.5.6.1 Middle East & Africa Maqui Berries Market Breakdown by Country
- 10.5.6.2 South Africa Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.5.6.2.1 South Africa Maqui Berries Market Breakdown by Form
- 10.5.6.2.2 South Africa Maqui Berries Market Breakdown by Category
- 10.5.6.2.3 South Africa Maqui Berries Market Breakdown by Application
- 10.5.6.3 Saudi Arabia Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.5.6.3.1 Saudi Arabia Maqui Berries Market Breakdown by Form
- 10.5.6.3.2 Saudi Arabia Maqui Berries Market Breakdown by Category
- 10.5.6.3.3 Saudi Arabia Maqui Berries Market Breakdown by Application
- 10.5.6.4 UAE Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.5.6.4.1 UAE Maqui Berries Market Breakdown by Form
- 10.5.6.4.2 UAE Maqui Berries Market Breakdown by Category
- 10.5.6.4.3 UAE Maqui Berries Market Breakdown by Application
- 10.5.6.5 Rest of Middle East & Africa Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
- 10.5.6.5.1 Rest of Middle East & Africa Maqui Berries Market Breakdown by Form
- 10.5.6.5.2 Rest of Middle East & Africa Maqui Berries Market Breakdown by Category
- 10.5.6.5.3 Rest of Middle East & Africa Maqui Berries Market Breakdown by Application
11. Maqui Berries Market - Impact of COVID-19 Pandemic
- 11.1 Pre & Post Covid-19 Impact
12. Competitive Landscape
- 12.1 Heat Map Analysis- By Key Players
- 12.2 Company Positioning & Concentration
13. Company Profiles
- 13.1 HP Ingredients Corp
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 Shaanxi LonierHerb Bio-Technology Co Ltd
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Rainforest Supply LLC
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 CK Ingredients Inc
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Jeeva Organic Pvt Ltd
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 Ferreiro & Co Inc
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 Abbott Blackstone Co
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 Vita Forte Inc
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 Nature's Power Nutraceuticals Corp
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 Xi'an Herb Bio-Tech Co Ltd
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
14. Appendix