Global Cranberry Extracts market will reach 120.25 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/8/29

Cranberries have long been cherished for their nutritional and medicinal properties. Dating back to the 17th century, cranberries were used to relieve stomach ailments, liver problems and bowel disorders. Today, cranberry products are most frequently used to help the body manage symptoms of Urinary Tract Infections (UTIs).

Globally, Cranberries are planted in North America. USA and Canada are the major source of Cranberries. Also, supply of Cranberries is quite concentrated with Atoka, Ocean Spray and several other US company taking dominant share in the market. The market of Cranberries extracts is concentrated, with Indena, Nexira, Naturex, Bio-Botanica, Maypro, Fruit d'Or Nutraceuticals, Diana Food, Biosfered, Zhejiang Jianfeng Health, Hunan Huacheng and Jiaherb as the major suppliers. Herbal medicine manufacturers are its main customers, which is also the most value added sector in the industry chain. Major suppliers are from France and USA, which has long history supplying Cranberries extracts to the market. Chinese suppliers offer products at much lower price, and the products has been founded growing popular in North America.

The Global Cranberries Extracts market size was 95.77 million USD in 2018 and it will be 120.25 million USD in 2025, with a Growth Rate of 3.30% from 2018 to 2025.

The supply chains of Cranberries Extracts consist of four stages. Generally, the supply of Cranberries fruit comes from domestic production (cultivated by farmers and plantation), forest revenue collection and imports. The Cranberries extract company then manufactures herbal extracts to supply to supplement manufacturers. The collectors/wholesalers, manufactures or distributors followed by grocery, pharmacy and sinseh represent the marketing and retail sector. Consumers could either obtain herbal supplements and remedies from wholesalers or retailers.

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