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NEW YORK , May 25, 2022 /PRNewswire/ -- The Elderberry Market value is set to grow by USD 214.88 million , progressing at a CAGR of 6.52% from 2020 to 2025, as per the latest report by Technavio. The market is segmented by application (health and wellness, beverages, foods, and others) and geography (Europe , North America , APAC, South America , and MEA).
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The elderberry market share growth by the health and wellness segment will be significant during the forecast period. The rich phytonutrient profile of elderberry helps it to improve immunity and provide other medicinal benefits such as alleviating cold, influenza, and others. Thus, elderberry is used in many supplements and health tonics in various forms. The rising adoption of a healthy lifestyle and diets has propelled the use of elderberry in various herbal supplements.
44% of the market's growth will originate from Europe during the forecast period. Germany , Austria , Italy , and Denmark are the key markets for elderberry in Europe . Market growth in this region will be faster than the growth of the market in APAC, MEA, and South American regions. The growing vegan population in the region and the increasing preference for healthy, organic food will facilitate the elderberry market growth in Europe over the forecast period.
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One of the key factors driving growth in the elderberry market is the health benefits of elderberry. Elderberry has been considered a medicinal plant with rich nutrient content. The products are primarily consumed in the form of powder, extract, tablets, and capsules. The primary benefits of elderberry consumption are it boosts immunity, enhances heart health, develops skin health, and improves digestive and respiratory health. Vendors have been launching various elderberry products, owing to various health benefits, which, in turn, will propel market growth.
The rising penetration of online retailing and e-commerce is another major factor supporting the elderberry market share growth. The increasing use of online channels offers vendors the freedom to deliver from a central garden or plantation globally. Online retailing platforms offer a quick way to introduce newer applications of elderberry and its products and a good channel to generate repeat sales from loyal customers. Online retailing can act as a channel of communication to educate about the benefits and use of the plant owing to the rising health consciousness among consumers.
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The elderberry market report covers the following areas:
Elderberry Market 2021-2025: Key Highlights
Elderberry Market in US by Distribution Channel and Application - Forecast and Analysis 2022-2026: The elderberry market share in the US is expected to increase by USD 109.76 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.00%. To get more exclusive research insights: Download Our Sample Report
Berries Market by Application and Geography - Forecast and Analysis 2021-2025: The berries market share is expected to increase by USD 8.96 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.65%. To get more exclusive research insights: Download Our Sample Report
Accelerate at a CAGR of 6.52%
Europe, North America, APAC, South America, and MEA
US, Germany, Austria, Italy, and Denmark
Leading companies, competitive strategies, consumer engagement scope
Gaia Herbs Inc., Harbin Pharmaceutical Group Co. Ltd., Innovative Natural Solutions, Norms Farms., NOW Health Group Inc., Pharmacare, Pukka Herbs Ltd., Ransom Naturals Ltd., and Schwabe Group
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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