Global Cranberries Market Size, Share, and COVID-19 Impact Analysis, By Type (Fresh Cranberries, Dried Cranberries, and Frozen Cranberries), By Distribution Channel (B2B and B2C), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Industry: Consumer Goods

RELEASE DATE Sep 2024
REPORT ID SI6181
PAGES 200
REPORT FORMAT PathSoft

Global Cranberries Market Insights Forecasts to 2033

  • The Global Cranberries Market Size was Valued at USD 2.18 Billion in 2023
  • The Market Size is Growing at a CAGR of 4.61% from 2023 to 2033
  • The Worldwide Cranberries Market Size is Expected to Reach USD 3.42 Billion by 2033
  • Asia Pacific is Expected to Grow the fastest during the forecast period.

Cranberries Market

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The Cranberries Market Size is Anticipated to Exceed USD 3.42 Billion by 2033, Growing at a CAGR of 4.61% from 2023 to 2033.

 

Market Overview

"Cranberry" is the abbreviation of the word "crane berry". The word used informally to describe the bilberry flower, which resembles the head and neck of the sand crane a bird that often consumes the berries of this plant is where the name for the plant originates. Cranberries belong to the Ericaceae family and are found in humid forests' with acidic wetland areas that are covered in peat moss. The growing awareness regarding cranberries' health advantages is one of the main drivers of this expansion. Cranberries, known for their abundance of vitamins, antioxidants, and dietary fiber, gained the tag of "superfood." Cranberries' red appearance is attributed to these powerful compounds, which may also lessen the risk of heart disease, diabetes, cancer, and other chronic illnesses caused by free radicals. Cranberries' abundant supply of proanthocyanidins (PACs), an antioxidant, could reduce the chance that some bacteria will adhere to the walls of the urinary system. According to the National Institute of Health, it was shown that doctors most frequently advise women who have recurring UTIs to eat cranberries. Also in 2014 study with 516 participants discovered that cranberry extract capsules lowered the frequency of urinary tract infections twice a day.

As consumers become more health-conscious, the demand for cranberries like food has increased due to their functional health benefits. Innovation and product variety are also vital to the growth of the cranberry industry. To accommodate a wider variety of consumer tastes and events, the line of cranberry-based products has expanded to include juices, dried cranberries, sauces, nutritional supplements, and snacks. Additionally, the popularity of cranberries among people who care about the environment has increased due to the movement towards ethical sourcing and sustainable agricultural methods.

 

Report Coverage

This research report categorizes the market for the cranberries market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the cranberries market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the cranberries market.

 

Cranberries Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 2.18 Billion
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :4.61%
2033 Value Projection:USD 3.42 Billion
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:140
Segments covered:By Type, By Distribution Channel, By Region
Companies covered:: Ocean Spray Cranberries, Inc., Graceland Fruit, Inc., Decas Cranberry Products, Inc., Fruit d’Or, Cape Blanco Cranberries, Inc., Atoka Cranberries, Honestly Cranberry, Mariani Packing Company, Inc, The Wonderful Company, Habelman Bros. Co., Cliffstar LLC, Seaview Cranberries Inc., Wetherby Cranberry Co., Wonderland Foods, and other key companies.
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

Cranberries therapeutic benefits are one of the main factors propelling the market's expansion. Cranberries have anti-inflammatory and antioxidant qualities and can also enhance the immune system, metabolic, and cardiovascular health. To further increase demand, businesses have been experimenting with novel flavours, packaging, and compositions that appeal to various consumer categories. The usage of cranberries in a variety of products has increased the market reach and is in line with the trend towards healthier snacking and the rising popularity of plant-based and natural ingredients.

 

Restraining Factors

Problems including pests, diseases, and changing weather have an impact on the cranberry industry, affecting pricing and production stability. Producers' profitability may also be impacted by high cultivation costs, such as labor and irrigation costs.

 

Market Segmentation

The cranberries market share is classified into type and distribution channel.

  • The dried cranberries segment accounted for the largest revenue share over the forecast period.

Based on the type, the cranberries market is categorized into fresh cranberries, dried cranberries, and frozen cranberries. Among these, the dried cranberries segment accounted for the largest revenue share over the forecast period. Cranberries that have been dried are a strong source of antioxidants, such as flavonoids and phenolic acids, which aid in the body's defense against harmful free radicals. Another benefit of dried cranberries is that they are believed to help urinary tract health. Copper, manganese, vitamin C, and vitamin E are among the vital elements found in dried cranberries.

 

  • The B2B segment is anticipated to grow at the highest CAGR during the forecast period.

Based on the distribution channel, the cranberries market is categorized into B2B and B2C. Among these, the B2B segment is anticipated to grow at the highest CAGR during the forecast period. A growing focus on B2B markets is being placed on functional foods and nutritious additives that might improve products' health profiles. Manufacturers in the nutraceutical, dietary supplement, and functional beverage sectors are drawn to cranberries because of their high antioxidant content and other health advantages.

 

Regional Segment Analysis of the Cranberries Market 

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Europe is anticipated to hold the largest share of the cranberries market over the predicted timeframe.

 

Europe

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Europe is projected to hold the largest share of the cranberries market over the forecast period. This dominance is due to the cranberry industry in Europe being driven by the nutritional benefits of cranberries and consumers' shifting preferences for healthier meals. Market expansion is driven by the rising demand for products made with cranberries, such as drinks and supplements. Cranberries distinct flavor profile renders them a great addition to savory and sweet meals, thus they are becoming increasingly popular in regular cooking and baking beyond their seasonal use. Cranberries are becoming increasingly common in Europe as an ingredient in a variety of food and beverage products, including sauces, beverages, baked goods, snacks, and cereal for breakfast.

 

Asia Pacific is expected to grow at the fastest CAGR growth in the cranberries market during the forecast period. Asia Pacific's food and beverage market is growing quickly, with a strong emphasis on innovation and unique product offerings. Cranberries are so versatile, that producers may use them in both classic and contemporary dishes, which increases demand in the region. Government support and technological advancements in agriculture boost output efficiency. Apart from this, consumer values align with the growing understanding of sustainable farming practices. The antioxidant properties of cranberries and their benefits for urinary tract health enhance their appeal.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the cranberries market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Ocean Spray Cranberries, Inc.
  • Graceland Fruit, Inc.
  • Decas Cranberry Products, Inc.
  • Fruit d'Or
  • Cape Blanco Cranberries, Inc.
  • Atoka Cranberries
  • Honestly Cranberry
  • Mariani Packing Company, Inc
  • The Wonderful Company
  • Habelman Bros. Co.
  • Cliffstar LLC
  • Seaview Cranberries Inc.
  • Wetherby Cranberry Co.
  • Wonderland Foods
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In August 2024, Fruitables, a pioneer in creating novel treats that are healthier for pets, has revealed a bold rebranding and the release of a mouthwatering new flavor for dogs Chicken & Cranberry Baked Biscuits. The objective of the company is to give pets healthy treats without feeling guilty, and this launch marks a big step in that direction.
  • In June 2024, The Company Ocean Spray Cranberries, Inc. unveiled the Just Add Cran slogan and new Masterbrand campaign. Three new commercial spots featuring Ocean Spray's new Zero Sugar Cranberry Juice Drink, Craisins dried cranberries and the company's appreciated line of cran forward juice blends are set to unveil the new tagline that drives all future creative work. 
  • In January 2024, In partnership with Ocean Spray, a cranberry juice brand, Absolut Vodka, a Pernod Ricard company, has launched a range of ready-to-drink (RTD) drinks.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the cranberries market based on the below-mentioned segments: 

 

Global Cranberries Market, By Type

  • Fresh Cranberries
  • Dried Cranberries
  • Frozen Cranberries

 

Global Cranberries Market, By Distribution Channel

  • B2B
  • B2C

 

Global Cranberries Market, By Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa  

Frequently Asked Questions (FAQ)

  • 1. What is the CAGR of the global cranberries market over the forecast period?
    The global cranberries market is to expand at 4.61% during the forecast period.
  • 2. Which region is expected to hold the highest share of the global cranberries market?
    The Europe region is expected to hold the largest share of the global cranberries market.
  • 3. Who are the top key players in the cranberries market?
    The key players in the global cranberries market are Ocean Spray Cranberries, Inc., Graceland Fruit, Inc., Decas Cranberry Products, Inc., Fruit d'Or, Cape Blanco Cranberries, Inc., Atoka Cranberries, Honestly Cranberry, Mariani Packing Company, Inc, The Wonderful Company, Habelman Bros. Co., Cliffstar LLC, Seaview Cranberries Inc., Wetherby Cranberry Co., Wonderland Foods, and others.

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