Global Cranberry Supplements Market by Form (Caplet, Capsule, Drop, Gummy, Powder, Softgel, Tablet)
Industry: Food and Beverages
Published Date: March-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 250
Report ID: PMRREP33359
Newly-released Cranberry Supplements Market analysis report by Persistence Market Research reveals that global sales of Cranberry Supplements in 2022 were held at US$ 239.5 Million. With a 5.3% projected CAGR from 2023 to 2033, the market is expected to reach a valuation of US$ 425 Million by the end of the forecast period. Cranberry Supplement in the form of Capsules is expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 5.2% from 2023 to 2033.
| Attributes | Details |
|---|---|
| Global Cranberry Supplements Size (2023) | US$ 253 Million |
| Global Cranberry Supplements Size (2033) | US$ 425 Million |
| Global Cranberry Supplements CAGR (2023 to 2033) | 5.3% |
| United States Cranberry Supplements CAGR (2023 to 2033) | 4.2% |
| Key Companies Covered |
|
As per the Cranberry Supplements research by Persistence Market Research - a market research and competitive intelligence provider, historically, from 2018 to 2022, the value of Cranberry Supplements increased at around 6.2% CAGR. With an absolute dollar opportunity of US$ 172 Million, the market is projected to reach a US$ 425 Million valuation by 2033.
Cranberries are rich in Vitamin C, Catechins, Flavonoids, Anthocyanins, Proanthocyanidins, Triterpenoids, and other antioxidants. Due to the presence of these elements, it has anti-inflammatory and anti-fungal properties. Cranberry supplements are prominently used in the treatment of urinary tract infections.
Many researchers have found that daily consumption of cranberry pills containing 36 mg of Proanthocyanidins for two months successfully prevents or cures the urinary tract infection. They also improve heart health, prevent stomach ulcers, and reduce cavities and gum diseases.
According to WHO, globally more than 3.5 billion people are affected by oral diseases. Tooth decay or cavities are the most common form of oral disease, according to global health burden 2019. Around 2 billion people suffer from tooth decay and 514 million children suffer from tooth decay of primary teeth. The number of people suffering from oral diseases is increasing with the changing food habits. Oral cancer is the 13th most common type of cancer worldwide including cancer of lips and other parts.
Globally, the prevalence of urinary tract infections is increasing. In 2019, around 405 million people were suffering from urinary tract infections. Nearly, 3 lakh people died due to this disease globally. This infection may lead to kidney damage if not treated on time. These growing numbers are a major cause of concern globally. As cranberry supplements are used in the treatment of this disease, with an increase in development in its usage this market is expected to see steady growth.
Cranberry supplements also have health benefits for animals. They are used to treat the struvite crystals and stones in the urinary bladder of animals. The American Animal Hospital Association suggests adding a few drops of cranberry juice to the animal feed every day to keep them healthy and prevent them from any type of infection. With the increasing disposable income, people are eager to spend more on their pet’s health. This beneficial effect of cranberry supplements on human as well as animal health is leading to this supplement’s demand in the market.
North America had a Cranberry Supplements market size of US$ 117.1 Million in 2022 and it has US$ 123.7 Million in 2023. It is projected that North America will have a market of Cranberry Supplements worth US$ 207.8 Million in 2033.
Cranberry is a native shrub of North America. The United States and Canada contribute significantly to the overall production of Cranberry. They account for around 98% of global cranberry cultivation. The region also has numerous companies producing cranberry supplements. Compared to other regions, peoples are more aware of the beneficial effects of cranberry supplements. Also, the increasing preference for natural or organic medications is playing a prominent role in the growth of this market.
United States Cranberry Supplements Market Analysis:
The market in the United States is expected to grow to be worth US$ 162.1 Million by 2033, with an absolute dollar growth of US$ 54.7 Million from 2023 to 2033. The market in the country has grown at a CAGR of 4.7% from 2018 to 2022 and is expected to grow at a CAGR of 4.2% from 2023 to 2033.
In the U.S., urinary tract infection is one of the most common diseases in women. Around, 40% of women in the country get contracted this disease at least once in a lifetime. More than 13,000 deaths are recorded whose main cause was urinary tract infection in the country. The government is launching several programs to create awareness. This will have a significant effect on market growth.
United Kingdom Cranberry Supplements Market Analysis:
The market in the United Kingdom is expected to grow to be worth US$ 17.2 Million with an absolute dollar growth of US$ 6.1 Million from 2023 to 2033. The market in the country has grown at a CAGR of 5% from 2018 to 2022 and is expected to grow at a CAGR of 4.5% from 2023 to 2033.
In the U.K., nearly one in three adults are suffering from decaying teeth, of which around 74% had to extract their teeth. Plaque is also a commonly found type of oral disease in the U.K. Almost 66% of people developed the plague at least once. Also, more than 8,700 new cases of mouth cancer are detected every year. This growing oral health concern will play a prominent role in the supplements market.
China Cranberry Supplements Market Analysis:
In China, the market is expected to grow to be worth US$ 31.2 Million with an absolute dollar growth of US$ 14.3 Million from 2023 to 2033. The market in China has grown at a CAGR of 7.7% from 2018 to 2022 and is expected to grow at a CAGR of 6.3% from 2023 to 2033.
In 2021, China had a pet population of around 220 million an increase from 200 million in 2020. With the surge in disposable income, people are willing to spend more on the healthcare of their pets. Cranberry supplements help in maintaining a healthy urinary tract in animals. These supplements are recommended for animals who are prone to stones as they help to dissolve them and also maintain the pH of the urinary tract.
Japan Cranberry Supplements Market Analysis:
In Japan, the market is expected to grow to be worth US$ 26.4 Million with an absolute dollar growth of US$ 9.8 Million from 2023 to 2033. The market in Japan has grown at a CAGR of 5.4% from 2018 to 2022 and is expected to grow at a CAGR of 4.8% from 2023 to 2033.
Around 40% of people are suffering from tooth decay in Japan. The government spends around US$ 29 million on dental healthcare. With the increasing awareness of oral health, the demand for oral care supplements is expected to increase.
South Korea Cranberry Supplements Market Analysis:
In South Korea, the market is expected to grow to be worth US$ 14.7 Million with an absolute dollar growth of US$ 6.3 Million from 2023 to 2033. The Cranberry Supplements market in South Korea has grown at a CAGR of 6.9% from 2018 to 2022 and is expected to grow at a CAGR of 5.7% from 2023 to 2033.
The pet culture in South Korea is on the rise. Nearly a quarter of the population which is around 15 million households have at least one pet. Among these 80% of households have a dog as their pet. On average Koreans spend about US$ 97 on their pets. This willingness of people for spending on the health of pets will positively affect the market.
Which form of Cranberry Supplements is projected to Witness Significant Growth?
The capsule form of Cranberry Supplements is projected to witness the fastest growth as it has grown at a CAGR of 6% from 2018 to 2022 and is expected to grow at a CAGR of 6.2% from 2023 to 2033.
A capsule may contain components in powder or liquid format. Capsules are higher on side of bioavailability compared to powder and tablets. Their absorption rate is higher which is why they are very effective. With regard to all these properties, the demand for capsules is more compared to other forms.
Which distribution channel of Cranberry Supplements is expected to be most lucrative?
Distribution of cranberry supplements through pharmacies is projected to witness significant growth as it has grown at a CAGR of 5.9% from 2018 to 2022 and is expected to grow at a CAGR of 5.1% from 2023 to 2033.
Cranberry supplements are sold as dietary supplements. They can be bought without a doctor’s prescription. Pharmacies are a very easy and convenient source of buying medicines. Especially, in case of urgent requirements pharmacies are the most feasible option. Thus, they play a significant role in the distribution of supplements.
Key players in the Cranberry Supplements market are GNC, Blackmores, Healthy Care, Go Healthy, Swisse, Holland&Barrett, Nutra-Life, Webber Naturals, Jamieson, and Azo.
Some of the recent developments in the Cranberry Supplements market are:
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The market is estimated to be valued at US$ 253 Million in 2023.
The market is expected to reach a US$ 425 Million valuation in 2033.
The market registered a CAGR of 6% over the last 4 years.
The market is projected to witness a CAGR of 5.3% from 2023 to 2033.
Cranberry capsules are expected to garner a significant value share by 2023.
Pharmacies are expected to garner a significant value share by 2023.
The United States is projected to witness a market size of US$ 162.1 Million and is expected to grow at a 4.2% CAGR from 2023 to 2033.
GNC, Blackmores, Healthy Care, Go Healthy, Swisse, Holland&Barrett, Nutra-Life, Webber Naturals, Jamieson, and Azo are the key companies in the market.
