Elderberry Extract Market
Elderberry Extract Market Study by Powder and Liquid for Functional Food & Beverages, Dietary Supplements, Pharmaceuticals, and Cosmetics & Personal Care from 2024 to 2034
Analysis of Elderberry Extract Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Elderberry Extract Market Outlook (2024 to 2034)
The global elderberry extract market is projected to reach a value of US$ 334.7 million in 2024, as revealed in a newly published industry report by Fact.MR. Worldwide revenue from the sales of elderberry extract is forecasted to rise at a CAGR of 6.1% and reach US$ 605.2 million by the end of 2034.
Increasing demand for elderberry extract around the world is attributed to the growing preference for label-friendly and chemical-free ingredients. In addition, several manufacturers in the food & beverages industry are making efforts to match the criteria set by consumers for consuming functional foods and fruit-based supplements.
A growing population of people with mindful eating practices along with the functional benefits of eatables are benefitting the elderberry extract market growth. The expansion of the cosmetics and personal care and dietary supplement sectors in developed and high-growth regions such as North America and East Asia is creating significant opportunities for manufacturers of elderberry extract. Additionally, the growing preference for value-added products-particularly those that are organic, natural, plant-based, and aligned with a nutritious and healthy diet-is opening new avenues for market players globally.
- North America is forecasted to hold 24.3% of the global elderberry extract market share by the end of 2034.
- Global sales of elderberry extract for use in functional foods & beverages are evaluated to increase at a CAGR of 5.8% and reach US$ 199.1 million by 2034.
- Sales of blueberry extract in Canada are analyzed to increase at a CAGR of 6.6% through 2034.
- Demand for elderberry extract in South Korea is projected to increase at a 6.9% CAGR from 2024 to 2034.
Report Attribute | Detail |
---|---|
Elderberry Extract Market Size (2024E) | US$ 334.7 Million |
Forecasted Market Value (2034F) | US$ 605.2 Million |
Global Market Growth Rate (2024 to 2034) | 6.1% CAGR |
Japan Market Growth Rate (2024 to 2034) | 6.6% CAGR |
East Asia Market Share (2034F) | 23.1% |
Market Share of Liquid Elderberry Extract (2034F) | 52.1% |
Key Companies Profiled | Bolise Co., Limited; INS Farms; Cassie Green Health; IPRONA; Greenway Biotech Co., Ltd.; Kshipra Biotech Private Limited; Shaanxi Hongda Phytochemistry Co., Ltd.; Xi’an Longze Biotechnology; Naturelin Biotech Co.; Undersun Biomedtech Co., Ltd.; Rainbow Extract; Shaanxi Kingsci Biotechnology Co. |
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Why are We Seeing Steadily Increasing Sales of Elderberry Extract?
“Rising Preference for Functional Foods and Beverages Globally”
There is a growing emphasis on improving lifestyle habits, leading to a rising preference for functional foods in daily life to support mental and physical health, especially among younger consumers. Functional food products are becoming more popular as they offer several health benefits beyond basic nutritional needs.
These products are rich in minerals, vitamins, omega-3 fatty acids, antioxidants, fiber, probiotics, prebiotics, natural extracts, and bioactive compounds. As a result, elderberry extract is significantly consumed in functional foods and beverages due to its immune-boosting properties and other health benefits.
Consumers are increasingly prioritizing beverages that provide health benefits rather than just refreshments. Continuous innovations in new product launches are focusing on value-added and functional drinks. Consequently, there is an increased demand for elderberry extract in various functional beverages, such as herbal drinks, tea, and more.
“Gradual Shift toward Proactive Healthcare”
Increasing preference for foods that support well-being, immunity, and health trends is leading to a shift from reactive to proactive healthcare practices. The changing lifestyles of more individuals are encouraging the use of dietary supplements, thereby creating pressure on the nutraceutical industry. Additionally, the aging baby boomer population is positively influencing elderberry extract market trends with a growing consumption of dietary supplements.
What is an Important Issues Need to Be Watched Out For?
“Risks of Adverse Reactions Due to Consumption of Unripe Parts”
Elderberry is used for various medicinal purposes. However, there are some restrictions related to its consumption. Unripe elderberries, as well as the stems and flowers, contain small amounts of cyanide, which can cause adverse reactions in consumers. Consuming raw berries can lead to nausea, vomiting, or even poisoning if eaten in large quantities. These factors are impeding elderberry extract market size.
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What is the Contribution of Start-ups to Global Market Growth?
“Focus on Innovation in Elderberry Products”
New market players are investing in launching innovative products with elderberry extract, including drink mixes, capsules, tablets, gummies, and other value-added items. The rising consumption of dietary supplements in high-growth countries is driving the production of elderberry extract-based food options. These products are gaining popularity among young millennials, creating lucrative opportunities for new market entrants.
Country-wise Insights
As per the newly prepared and published analysis by proficient analysts at Fact.MR, a market research and competitive intelligence provider, North America is projected to occupy 24.3% share of the global market by the end of 2034. Increased demand for elderberry extract is attributed to its high nutritional profile, such as high in vitamin C, promoting heart health, and high antioxidant power. It is also helpful in boosting the immune system.
What is Complementing Market Growth in the United States?
“Rising Use of Elderberry Extract as Herbal Supplement”
Attribute | United States |
---|---|
Market Value (2024E) | US$ 35.6 Million |
Growth Rate (2024 to 2034) | 6.5% CAGR |
Projected Value (2034F) | US$ 67.1 Million |
The United States is forecasted to account for 45.6% share of the North American market by the end of 2034. Freeze-dried or fresh elderberries are becoming popular in the United States and are being widely used for preparing syrup or different solutions. Surging use of elderberry extract as an herbal supplement is widening the opportunities for market players in the country.
Why is China a Lucrative Market for Elderberry Extract Producers?
“Growing Use of Elderberry Extract for Medicinal and Functional Benefits”
Attribute | China |
---|---|
Market Value (2024E) | US$ 36.7 Million |
Growth Rate (2024 to 2034) | 6.1% CAGR |
Projected Value (2034F) | US$ 66.4 Million |
China is evaluated to hold 47.5% share of the market in East Asia by 2034-end. Demand for elderberry is comparatively high in the country with the growing focus of manufacturers, suppliers, and distributors on offering products with medicinal and functional benefits. They help in lowering heart and cancer disease risks, reducing cholesterol levels, and keeping inflammation and Type 2 diabetes at bay.
What is the Sales Projection for Elderberry Extract in Japan?
“Growing Interest in Elderberry Extract among Health-conscious Consumers”
Attribute | Japan |
---|---|
Market Value (2024E) | US$ 21.7 Million |
Growth Rate (2024 to 2034) | 6.6% CAGR |
Projected Value (2034F) | US$ 41.1 Million |
Japan is analyzed to account for 29.4% share of the East Asia market by the end of 2034. There are several health benefits of consuming elderberry extract for its ability to boost the immune system and efficiency in blood sugar management. Furthermore, its assistance in maintaining lung and respiratory health is also pushing demand among more health-conscious consumers in the country.
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Category-wise Insights
As opined in the newly published analysis by Fact.MR, business-to-business sales channels are contributing significantly to the growth of the market. Its growing use in several end-use industries, such as cosmetics & personal care, pharmaceuticals, supplements, and others is stimulating these sales channels to opt for more effective strategies to ensure the delivery of these products.
Which Form of Elderberry Extract Has Gained Popularity Globally?
“Key Role of Liquid Elderberry Extract in Reducing Length and Severity of Influenza”
Attribute | Liquid Elderberry Extract |
---|---|
Segment Value (2024E) | US$ 170.1 Million |
Growth Rate (2024 to 2034) | 6.4% CAGR |
Projected Value (2034F) | US$ 315.3 Million |
Liquid-based elderberry extract is analyzed to account for a 52.1% share of the global market by 2034. Increased demand for liquid elderberry extract is attributed to its assistance in reducing the length and severity of influenza. In addition, its commercial preparation helps against the treatment of colds and coughs, which is also aiding global market growth.
Which End Use Accounts for Substantial Revenue Streams?
“High Fiber Content of Elderberry Extract Increasing Use in Functional Foods and Beverages”
Attribute | Functional Food & Beverages |
---|---|
Market Value (2024E) | US$ 113.1 Million |
Growth Rate (2024 to 2034) | 5.8% CAGR |
Projected Value (2034F) | US$ 199.1 Million |
Functional foods & beverages are evaluated to capture a share of 32.9% of the global market by the end of 2034. Elderberries have high fiber content, which aids in digestion and improves the gastrointestinal system by eliminating constipation and reducing excess gases. Growing preference for elderberry food choices is stimulating the consumption of its extract in several foods & drinks. Moreover, a growing preference for healthy diets, such as superfruits, is generating opportunities for market players.
Competitive Landscape
Key players in the elderberry extract industry are targeting R&D activities and technology while entering into partnerships, collaborations, and other initiatives with several other players to expand their presence and increase brand value.
For instance:
- Bolise Co., Limited is constantly putting efforts into collaborations and strategic partnerships with other industries to develop and promote their businesses. In addition, the company is also aiming to maintain long-term cooperation with Beijing University, Zhejiang University, and other institutions for upgrading technology and coming up with new products.
Fact.MR provides detailed information about the price points of leading manufacturers of elderberry extract positioned across the world, sales growth, production capacity, and speculative technological expansion, in this newly published market report.
Segmentation of Elderberry Extract Market Research
-
By Form :
- Powder
- Liquid
-
By Nature :
- Organic
- Conventional
-
By End Use :
- Functional Food & Beverages
- Dietary Supplements
- Pharmaceuticals
- Cosmetics & Personal Care
-
By Distribution Channel :
- Business to Business
- Business to Consumer
- Hypermarkets/Supermarkets
- Online Retail
- Specialty Stores
- Convenience Stores
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- MEA
- FAQs -
How big is the elderberry extract market in 2024?
The global elderberry extract market has been valued at US$ 334.7 million in 2024.
What is the demand outlook for elderberry extract by 2034?
Worldwide sales of elderberry extract are projected to reach US$ 605.2 million by 2034.
At what CAGR is the global market projected to expand?
The global market is forecasted to expand at a CAGR of 6.1% from 2024 to 2034.
What is the contribution of North America to global market revenue?
North America is expected to hold 24.3% share of global market revenue by 2034.
At what rate is the demand for elderberry extract projected to increase in Japan?
Sales of elderberry extract in Japan are set to rise at a CAGR of 6.6% from 2024 to 2034.
What is the market scenario for liquid elderberry extract?
Sales of liquid elderberry extract are analyzed to rise at 6.4% CAGR and reach US$ 315.3 million by 2034.
Who are some of the key producers of elderberry extract?
Bolise Co., Limited, INS Farms, Cassie Green Health, IPRONA, and Greenway Biotech C., Ltd. are some of the leading market players.
Does elderberry extract work?
Taking into account one particular elderberry extract, syrup helps in reducing flu symptoms if taken within 48 hours of getting the first symptom.