About Lingonberry Extract
Lingonberries are tiny red berries with a flavour comparable to cranberries but less acidic. It's generally found as a tiny evergreen shrub of the Ericaceae heath family. It may be found in boreal forests and Arctic tundra all throughout the Northern Hemisphere, from Europe to Asia to North America. The lingoberry extract is primarily segmented on the basis of form, that is powder, granual, and other forms found in market. The demand for natural ingredients or herb based products has risen due to people’s shift towards natural and organic products. Growth of vegan culture too has substantially benefited the growth of the lingoberry extract market. Lingoberry also possess several health benefits such as being high in antioxidants, promoting healthy gut bacteria, control sugar levels, improving immunity and many of other health benefits. North America is the largest market of lingoberry extract.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 15.3% |
Lingoberry fruit offers excellent health benefits from improving overall immunity to promoting gut bacteria, improving sight, aiding in weight control, preventing diabetes, enhancing brain performance. This combined with global surge in popularity for natural herb and plant based extracts and ingredients too has stimulated significant growth in the lingoberry extract market. North America is the dominant most market of lingoberry extract. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Lingonberry Extract market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Shanghai Freemen (United States), Beijing Gingko Group (China), Source Naturals, Inc. (United States), Natrol (United States), Life Extension (United States), Bio-Botanica Inc. (United States), Swanson Health Products (United States), Athelas Nutraceuticals (United States), Zhejiang Shaoxing Dongling Health Food Co.,Ltd. (China) and Futurebiotics (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Adolf Darbo AG (Germany), Herbo Nutra (India) and Vital Herbs (India).
Segmentation Overview
AMA Research has segmented the market of Global Lingonberry Extract market by , Application (Food Industry, Pharmaceuticals Industry and Others) and Region.
On the basis of geography, the market of Lingonberry Extract has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Lingonberry Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Lingonberry Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging , the sub-segment i.e. Plastic Packet will boost the Lingonberry Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Powder Form Accounts for Largest Market Share
Market Growth Drivers:
Increasing Demand for Natural based Health Beneficial Ingredients and Herbs and Growth in Immune Boosting Supplements and Other Health Products
Challenges:
Less Awareness about the Benefits Associated with Lingonberry Extract
Restraints:
Presence of Adulterated Products in Market and Alternative Products with Similar Qualities Present in Market
Opportunities:
Organic Segment is expected to Present Exciting Opportunities
Market Leaders and their expansionary development strategies
In September 2023, Mercato Partners Acquisition Corporation, a publicly traded special purpose acquisition company (Nasdaq: MPRA) ("Mercato"), today announced that the registration statement on Form F-4 of Nvni Group Limited, an exempted company incorporated with limited liability in the Cayman Islands ("New PubCo") has been declared effective by the U.S. Securities and Exchange Commission
In November 2023, Asiros Nordic, a Danish grower, manufacturer, and supplier of berry ingredients, is introducing a lineup of concentrates, prebiotic juice powders, extracts, and liquid shots to the U.S. market. The vertically integrated company controls quality from field to factory, and offers complete transparency and traceability in growing, harvesting, and manufacturing processes.
Key Target Audience
Lingonberry Extract Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.