Global Yumberry Market Overview:
Yumberry is a berry that is native to eastern Asia. Its scientific name is Myrica Rubra. It is primarily grown in parts of south-central China. Yumberries have been cultivated in China for more than 2000 years. The is considered very beautiful and more often than not used in parks for the same reason. Yumberry produces small, crimson fruit with a sweet taste. It is originally known as Chinese berry but later to market, it became Yumberry. Yumberries are delicate in nature and thus they may not be found in the local market. Yumberry can be found in juice concentrates.
Growth Drivers
- Increasing demand due to high vitamin and mineral content
- Rising demand of Yumberry in alcoholic beverages
Market Trends
- Recognition of Yumberry as a superfruit due to anti-oxidant agents
- Adaption of yumberry in cosmetics and personal care as an ingredient
Roadblocks
- Delicate Nature of Yumberry
Opportunities
- An increasing number of research papers supporting heath claims of yumberry
- Growing demand from North America as well Europe
Challenges
- Supply chain issues to export the Yumberry
- Lack of education about yumberry
Competitive Landscape:
Yumberry market is in the growth phase after its introduction in the American and European markets. With increasing awareness about its health benefits, the demand for it is set to rise even further. Even though with all these benefits, market players have to keep in mind that it is highly perishable fruit and requires different sets of packaging and techniques to hand it to the end-user. The industry can market the fruit as exotic and luxury fruit to get more attention from the western market while keeping margins high. There is no market leader in this market.
Some of the key players profiled in the report are Flavor West Manufacturing, LLC (United States), Maxsun Bio&Tech Co., Ltd (China), Herbo Nutra Red (India), Draco Natural Products, Inc (United States) and Zhejiang Yumberry Juice Co., Ltd. (China). Considering Market by Nature, the sub-segment i.e. Organic will boost the Yumberry market. Considering Market by Distribution Channel, the sub-segment i.e. Direct will boost the Yumberry market.
What Can be Explored with the Yumberry Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Yumberry Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Yumberry
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Yumberry market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Yumberry market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Yumberry Producers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.