According to the Market Statsville Group (MSG), the Global Strawberry Extract Market size is expected to grow at a CAGR of 9.6% from 2023 to 2033.
Strawberry extract is obtained through a process of crushing or macerating fresh strawberries and then extracting the soluble compounds using a solvent like water, alcohol, or a combination of both. This extraction process gathers the essence of strawberries in a highly concentrated form. Strawberry extract is used in various applications, including baking, confectionery, beverage production, cosmetic products, and many more. The growing awareness of healthy eating habits and the preference for natural and fruit-based flavors have propelled the demand for strawberry extract. Many consumers are increasingly seeking products that natural fruit-based taste of real strawberries without added sugars or artificial ingredients, resulting in driving the demand for strawberry extract. Also, the expanding food and beverage industry and growing application of strawberry extract in a wide range of products, including ice creams, yogurts, jams, bakery items, and beverages create a significant demand for the market over the forecast period.
Furthermore, the global trend towards clean labels and organic products has further boosted the strawberry extract market. The habit of reading ingredient lists and consumer's preference for products with transparent ingredient lists drive the demand for naturally extracted strawberries. Also, the growing demand for strawberry extracts from the cosmetics and personal care industry is another factor that contributed to the demand for strawberry extract market.
This forthcoming report will encompass a comprehensive analysis of market-impacting factors, conducting an exhaustive examination of pertinent variables. In addition, it will conduct a detailed supply chain analysis, presenting a region-specific inventory of strawberry extract suppliers, distributors, and potential end users. This meticulous scrutiny of the supply chain will provide valuable insights into the intricate network of entities involved in the acquisition and dissemination of relevant products and services. By affording stakeholders a robust foundation rooted in empirical research, the report will facilitate strategic decision-making by elucidating the complex interplay of factors and stakeholders within the market and its associated supply chain dynamics.
Based on application, the market is divided into food and beverage, cosmetics, health products, and others. The food and beverage projects the largest application of strawberry extract; and therefore, dominates the market with over 30% share globally. Strawberries have a wide application in the food and beverage industry due to their sweet and refreshing taste. Strawberry extract is widely used in a diverse range of products, including ice creams, yogurts, bakery items, jams, jellies, sauces, and beverages like smoothies and fruit juices. Further, the consumer demand for healthier and more natural food and beverage options has propelled the use of strawberry extract. The growing online food shows and different food and beverage preparation methods have created the demand for the strawberry extracts market.
Based on the geographical analysis, the global strawberry extract market has been segmented across North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. North America accounted for the largest market share in 2023; however, Asia Pacific is expected to project the highest CAGR during the forecast period. Strawberries are rich in antioxidants, vitamins, and minerals, and consumers in North America are increasingly seeking natural, nutrient-rich ingredients in their food and beverages which results in fostering the market’s growth in the region. Also, the highly literate population prefers natural and clean-label products has significantly contributed to the growth of the strawberry extract market in North America. The expanding popularity of artisanal and gourmet food products in North America has propelled the use of strawberry extract as a flavoring agent to deliver the authentic taste of ripe strawberries thereby boosts the segmental growth in the market.
The Major key players in the global strawberry extract market are:
This market research study categorizes the strawberry extract market-based on type, and application area at the regional and global levels.
Frequently Asked Questions
The global strawberry extract market has a potential to grow at a CAGR of 9.6% from 2023 to 2033.
The main players involved in the market are Red Stick Spice, Nature's Flavors, OliveNation, Native Vanilla, Beanilla, VanillaPura, McCormick, Amoretti, Cook's Flavoring, Southern Flavoring, Bickford Flavors, Xian Shangcheng Bio, Kangjun Shengwu, among others.
The strawberry extract market presents significant growth opportunities driven by increasing consumer demand for natural flavors and health-conscious choices, but it also faces potential risks related to supply chain disruptions due to climate change and price fluctuations in strawberry crops.
Key trends in the strawberry extract market include the growing demand for clean label and organic products, innovative extraction techniques to enhance flavor and aroma profiles, and the use of strawberry extract in functional foods and beverages with health-oriented claims.
Consumers in the strawberry extract market tend to prioritize products that offer authentic strawberry flavor, clean label ingredients, and versatility for use in both traditional and health-focused recipes, often seeking out options with minimal artificial additives and a commitment to sustainability.
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