Elderberry Extract Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 102.79 Million |
| Market Size (2029) | USD 146.04 Million |
| CAGR (2024 - 2029) | 7.28 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Elderberry Extract Market Analysis
The Elderberry Extract Market size is estimated at USD 102.79 million in 2024, and is expected to reach USD 146.04 million by 2029, growing at a CAGR of 7.28% during the forecast period (2024-2029).
The elderberry extracts market is witnessing growth and gaining traction worldwide. The market's growth can be attributed to the increasing demand for elderberry extracts in functional beverages, food additives, and dietary supplements. One of the primary drivers of elderberry extract's popularity is its perceived ability to support the immune system. Consumers are increasingly seeking natural ways to boost their immunity, and elderberry extract, with its high concentration of antioxidants and flavonoids, is seen as a potential solution. Studies suggest it might help reduce the duration and severity of some upper respiratory infections. Thus, increasing demand for natural and organic ingredients in the dietary supplements industry is expected to boost the demand for elderberry extract in the coming years. According to CRN, 74% of adults in the United States used dietary supplements regularly in 2023.
Furthermore, elderberry extract offers a deep purple hue, which is ideal for manufacturers seeking natural coloring alternatives in functional foods and beverages. This caters to the growing consumer preference for clean-label ingredients and avoiding artificial colors. While elderberry extract has a slightly tart taste, it balances with other ingredients. Additionally, elderberry extracts play a vital role in the cosmetic industry owing to their deep purple color and nutritional profile. According to MFDS (South Korea), the total value of cosmetics exported from South Korea was KRW 10.28 trillion in 2022. Thus, growth in various industries such as food and beverage, cosmetics and personal care, and dietary supplements is expected to propel the demand for elderberry extracts during the forecast period.
Elderberry Extract Market Trends
Increasing Demand for Natural and Clean-label Ingredients in the Food and Beverage Segment Driving Market Growth
The global food and beverage industry is witnessing a surge in demand for natural and clean-label ingredients. Elderberry extract is derived from the Sambucus nigra plant, a readily available botanical source. This aligns perfectly with the growing consumer preference for natural ingredients and avoidance of artificial additives. Moreover, elderberry extracts are obtained through gentle extraction methods, preserving their natural characteristics, and minimal processing resonates with the clean-label mindset. Furthermore, elderberry extract's rich antioxidant content caters to the growing demand for functional food and beverages that combat free radicals and promote overall well-being. This aligns with the clean-label focus on ingredients that offer health benefits beyond basic nutrition. According to Agriculture and Agri-Food Canada, the revenue generated by the fortified/functional food market was USD 319.93 billion in 2023.
In addition, elderberry extract possesses a vibrant natural purple hue, making it a perfect colorant for manufacturers seeking clean-label alternatives to artificial colors. The growing preference for clean-label ingredients among consumers tends to impact the elderberry extracts market. For instance, according to the proprietary study conducted by Clean & Simple Food Ingredients in 2024, 99% of European manufacturers viewed clean-label products as essential to their business strategy, with 87% already incorporating these into their products. This caters to the growing consumer desire for transparency in ingredients and avoidance of synthetic additives. Thus, the growing demand for natural and clean-label ingredients is paving the way for elderberry extracts to become a prominent ingredient in the global food and beverage industry.
Asia-Pacific is the Fastest-growing Regional Market
Asia-Pacific is rapidly becoming the hottest spot for the elderberry extracts market鈥檚 growth, outpacing other regions globally. As disposable incomes increase in many Asia-Pacific countries, consumers are prioritizing their health and well-being. This fuels the demand for functional foods and dietary supplements containing ingredients perceived to boost immunity and overall health. Moreover, traditional medicine practices in Asia have often emphasized preventative healthcare. Elderberry extract, with its perceived immune-supporting properties, aligns with this cultural emphasis on staying healthy. Furthermore, rapid urbanization across Asia-Pacific leads to busier lifestyles. Consumers seek convenient ways to support their health, offering elderberry extracts in dietary supplement formats like capsules, gummies, and syrups that are highly appealing. According to the Korean Health Functional Food Association (KHFF), in April 2024, 84.4% of the country鈥檚 51.8 million people consumed health supplements.
Moreover, many Asia-Pacific countries are experiencing a growing aging population. Elderberry extract, with its potential benefits for immune health, might be particularly attractive to this demographic. According to the National Bureau of Statistics of China, 14.9% of the population in China was above 60 years old in 2022, which increased to a 15.4% share in 2023. Thus, the confluence of rising health consciousness, busy lifestyles, growing awareness, and unique market dynamics is propelling Asia-Pacific to become the market leader in elderberry extract demand.
Elderberry Extract Industry Overview
The global elderberry extracts market is fragmented, with the presence of multinational and regional players. Some of the major players in the global elderberry extracts market are Greenway Biotec Co. Ltd, Naturalin Bio-Resources Co. Ltd, Bolise Co. Ltd, Vigorous-Tech Co. Ltd, and Hunan Huacheng Biotech Inc.
Elderberry Extract Market Leaders
-
Greenway Biotec CO. LTD
-
Naturalin Bio-Resources Co., Ltd
-
Vigorous-Tech Co, Ltd
-
Bolise Co., Ltd.
-
Hunan Huacheng Biotech, Inc.
*Disclaimer: Major Players sorted in no particular order
Elderberry Extract Market News
- May 2023: IPRONA introduced craftIngredients鈥� range of botanical extracts from European black elderberry, tart cherries, blackcurrants, and aronia.
- August 2022: Spain-based Nektium launched an organic version of elderberry extract due to increased demand for natural ingredients from various industries.
- August 2022: PLT Health Solutions Inc. launched a new elderberry extract in the North American market. The PLT elderberry portfolio will include extracts standardized to 6% and 10% anthocyanins, offered in both standard and organic grades.
Elderberry Extract Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definitions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Rising Demand for Functional Food and Beverage
4.1.2 Increasing Consumption of Dietary Supplements
4.2 Market Restraints
4.2.1 Limited Supply of Elderberries
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Powder
5.1.2 Liquid
5.2 By Application
5.2.1 Functional Food and Beverage
5.2.2 Dietary Supplement
5.2.3 Cosmetic and Personal Care
5.2.4 Other Applications
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Russia
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 South Africa
5.3.5.2 United Arab Emirates
5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market positioning Analysis
6.3 Company Profiles
6.3.1 Greenway Biotech
6.3.2 Naturalin Bio-Resources Co. Ltd
6.3.3 Bolise Co. Ltd
6.3.4 Hunan Huacheng Biotech Inc.
6.3.5 Changsha Vigorous-Tech Co. Ltd
6.3.6 Artemis International
6.3.7 Kshipra Biotech Private Limited
6.3.8 A&A Pharmachem Inc.
6.3.9 Bio-Botanica Inc.
6.3.10 PLT Health Solutions
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Elderberry Extract Industry Segmentation
Elderberry extract, derived from the Sambucus tree, commonly referred to as the European or black elder tree, boasts a rich nutritional profile characterized by its deep purple hue.
The elderberry extracts market is segmented by type, application, and geography. By type, the market is segmented into powder and liquid. By application, the market is segmented into functional food and beverage, dietary supplements, cosmetic and personal care, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The market sizes and forecasts have been done based on value (USD) for all the abovementioned segments.
Elderberry Extract Market Research FAQs
How big is the Elderberry Extract Market?
The Elderberry Extract Market size is expected to reach USD 102.79 million in 2024 and grow at a CAGR of 7.28% to reach USD 146.04 million by 2029.
What is the current Elderberry Extract Market size?
In 2024, the Elderberry Extract Market size is expected to reach USD 102.79 million.
Who are the key players in Elderberry Extract Market?
Greenway Biotec CO. LTD, Naturalin Bio-Resources Co., Ltd, Vigorous-Tech Co, Ltd, Bolise Co., Ltd. and Hunan Huacheng Biotech, Inc. are the major companies operating in the Elderberry Extract Market.
Which is the fastest growing region in Elderberry Extract Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Elderberry Extract Market?
In 2024, the North America accounts for the largest market share in Elderberry Extract Market.
What years does this Elderberry Extract Market cover, and what was the market size in 2023?
In 2023, the Elderberry Extract Market size was estimated at USD 95.31 million. The report covers the Elderberry Extract Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Elderberry Extract Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Elderberry Extract Industry Report
Statistics for the 2024 Elderberry Extract market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Elderberry Extract analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
