
Global Bilberry Extract Market Size By Type (Liquid, Powder), By Application (Pharmaceuticals, Food and Beverages), By Region, And Segment Forecasts, 2023 to 2032
Report Id: 35975 | Published Date: Jun 2023 | No. of Pages: | Base Year for Estimate: Jun 2023 | Format:
The Global Bilberry Extract Market was valued at USD XX billion in 2023 and is projected to surpass USD XX billion by 2031, growing at a CAGR of XX% during the forecast period from 2023 to 2031. The market is driven by the increasing consumer awareness regarding the health benefits of bilberry extract, rising demand for natural and plant-based supplements, and the growing application of bilberry extract in the pharmaceutical, food & beverage, and cosmetic industries.
Bilberry extract is rich in anthocyanins,
which are known for their antioxidant properties, making it a popular
ingredient in dietary supplements and functional foods. The rising prevalence
of lifestyle-related diseases, including vision disorders and cardiovascular
diseases, is also fueling the demand for bilberry extract in global markets.
Drivers
1. Growing Demand for Natural and Herbal
Supplements
With a rising focus on preventive
healthcare, consumers are increasingly opting for natural supplements over
synthetic ones. Bilberry extract, known for its rich antioxidant,
anti-inflammatory, and vision-supporting properties, is gaining traction in the
dietary supplement industry.
2. Increasing Application in the
Pharmaceutical Industry
Bilberry extract is widely used in the
treatment of eye disorders, such as cataracts, glaucoma, and night blindness,
due to its anthocyanin content, which supports eye health and improves
circulation. The pharmaceutical industry's growing focus on natural-based
treatments is a major driver of market growth.
3. Rising Demand in the Food & Beverage
Industry
Bilberry extract is increasingly used in
functional foods and beverages, including nutraceutical drinks, health bars,
and herbal teas, due to its immune-boosting and anti-inflammatory properties.
This demand is expected to fuel market growth significantly.
Restraints
1. High Cost of Production
Bilberries are predominantly cultivated in
European regions, and their extraction process requires high-tech processing
methods to retain bioactive compounds, making it expensive compared to
synthetic alternatives.
2. Limited Availability of Raw Materials
Unlike cultivated blueberries, bilberries
are primarily wild-harvested, leading to limited supply and seasonal
availability, which can hinder consistent production and lead to price
fluctuations in the market.
Opportunities
1. Expansion into Emerging Markets
The increasing awareness of herbal and
organic supplements in regions like Asia-Pacific and Latin America presents a
significant growth opportunity. Countries such as India, China, and Brazil are
witnessing an increased demand for plant-based nutraceuticals.
2. Innovation in Product Formulations
Manufacturers are focusing on developing
bilberry-infused supplements, beverages, and skincare products to cater to the
expanding demand for natural beauty and wellness products. The introduction of
bilberry-based capsules, gummies, and functional foods is expected to drive
market expansion.
Market by Product Type Insights
Based on product type, the Bilberry Extract
Powder segment accounted for the largest market share in 2023. Powdered
bilberry extract is widely used in dietary supplements, functional foods, and
pharmaceuticals due to its high bioavailability and easy formulation into
different products.
However, the Bilberry Extract Liquid
segment is projected to witness the fastest growth rate, driven by its
increasing incorporation in beverages, cosmetics, and topical applications.
Market by Application Insights
The Dietary Supplements segment emerged as
the dominant application in 2023, holding the largest revenue share due to the
rising consumer demand for natural supplements that promote eye health,
cardiovascular wellness, and immune function.
The Pharmaceutical segment is also
witnessing significant growth, as bilberry extract is being increasingly used
in the treatment of circulatory disorders, diabetes, and inflammation.
Market by Regional Insights
Europe dominated the Global Bilberry Extract
Market in 2023 due to the high availability of wild bilberries in countries
such as Sweden, Finland, and Poland. The region also has a well-established
market for botanical supplements and nutraceuticals.
North America is a rapidly growing market,
fueled by the increasing adoption of herbal supplements and rising
health-conscious consumer base in the U.S. and Canada.
Asia-Pacific is expected to experience the
fastest growth rate, driven by the increasing preference for natural remedies,
rising disposable incomes, and growing awareness of plant-based health products
in countries like China, Japan, and India.
Competitive Scenario
Key players operating in the Global
Bilberry Extract Market include:
Nature's Way
NOW Foods
GNC Holdings
Herbalife Nutrition
Swanson Health Products
Indena S.p.A.
Medpalett AS
Kingherbs Limited
Xi’an Natural Field Bio-Technique Co., Ltd.
These companies are actively engaged in
product innovations, strategic partnerships, and geographic expansion to
strengthen their market presence.
Scope
of Work – Global Bilberry Extract Market
Report
Metric |
Details |
Market Size (2023) |
USD XX billion |
Projected Market Size (2031) |
USD XX billion |
CAGR (2023-2031) |
XX% |
Key Segments |
Product Type, Application, Region |
Leading Segment by Product Type |
Bilberry Extract Powder |
Leading Segment by Application |
Dietary Supplements |
Leading Region |
Europe |
Key Market Drivers |
Rising demand for natural supplements,
increasing bilberry use in pharmaceuticals |
Key Market Opportunities |
Expansion in emerging markets, product
innovations in functional foods |
Key
Market Developments
1. Indena S.p.A. Expanded Its Bilberry
Extract Production Facilities (2023)
Indena, a leading herbal extract
manufacturer, increased its production capacity to meet the rising demand for
bilberry extract in nutraceuticals.
2. NOW Foods Launched Bilberry-Based Eye
Health Supplements (2024)
NOW Foods introduced a new range of
bilberry extract-based eye care supplements, targeting consumers suffering from
age-related macular degeneration and digital eye strain.
3. Herbalife Nutrition Partnered with a
European Herbal Extract Supplier (2025)
The partnership aims to develop
high-quality bilberry extract formulations for use in dietary supplements and
functional beverages.
FAQs
1. What is the current market size of the
Global Bilberry Extract Market?
The Global Bilberry Extract Market was
valued at USD XX billion in 2023.
2. What is the major growth driver of the
Global Bilberry Extract Market?
The market growth is primarily driven by
the rising consumer demand for natural and herbal supplements, increasing
bilberry extract use in pharmaceuticals, and growing awareness of its health
benefits.
3. Which is the largest region in the
Global Bilberry Extract Market during the forecast period?
Europe holds the largest market share due
to the abundant availability of bilberries and a well-established herbal
supplement industry.
4. Which segment accounted for the largest
market share in the Global Bilberry Extract Market?
The Bilberry Extract Powder segment
dominated the market in 2023, driven by its wide applications in dietary
supplements and pharmaceuticals.
5. Who are the key market players in the
Global Bilberry Extract Market?
Major players in the market include
Nature's Way, NOW Foods, GNC Holdings, Herbalife Nutrition, Swanson Health
Products, Indena S.p.A., and Medpalett AS.
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