CRANBERRIES MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)
Cranberries Market Analysis:
The cranberry market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 3.2% throughout the projected period. Cranberries are predominantly consumed in the form of juice due to their tart flavor when consumed raw. This perennial crop is commercially cultivated in man-made wetlands or bogs, primarily in five states within the United States. The annual consumption of cranberries by Americans is nearly 400 million pounds.
During the forecast period, North America is expected to be the largest region producing cranberries, with a production of 0.4 million metric tons in 2021. The major cranberry producers include the United States, Canada, Chile, Peru, Turkey, and Azerbaijan. The primary importing countries of cranberries are the United States, Netherlands, United Kingdom, Germany, Canada, China, Spain, and others.
The medicinal value of cranberries is a significant driver supporting market growth. Furthermore, the antioxidant and anti-inflammatory properties of cranberries can lead to improved cardiovascular health, metabolism, and immune function. Cranberries contain phytochemicals that act as antioxidant compounds, reducing oxidative damage to cells and preventing diseases. These health benefits of cranberries are expected to have a positive impact on market growth during the forecast period.
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