The global demand for Lingonberry Extract Market is presumed to reach the valuation of nearlyUSD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2021-2028.
Lingonberries are the small red berries of Ericaceae family from Nordic countries as well as Scandinavia. The fruit is rich in fibers or minerals and also rich in antioxidant such as vitamin C, A, and E (tocopherol) and especially polyphenols. Additionally, lingonberries also contain other bioactive substances, such as folate, potassium and soluble fiber. Lingonberries extracts are used in the prevention of some chronic and degenerative diseases.
The growing prevalence of chronic diseases across the globe is primarily driving the market growth. The rising cases of diabetes across all age groups is again accelerating the demand of lingonberries extracts in the market owing to its antidiabetic activity. In addition to this, increasing usage in for making juices, jam, and syrup are again propelling market growth. However, consumption of lingonberry during pregnancy and breastfeeding is unsafe as it might cause genetic changes and harm to the fetus, which is likely to hamper the market growth. Whereas, rapidly growing functional food industry is expected to provide potential opportunity over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of lingonberry extract.
The entire lingonberry extract market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Food Industry
- Pharmaceuticals Industry
This section covers regional segmentation which accentuates on current and future demand for lingonberry extract market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Lingonberry Extract Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the lingonberry extract market include Athelas Nutraceuticals, Bio Botanica, Dongling Health Food, Life Extension, Natrol, Shanghai Freemen, Source Naturals, and Swanson. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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