Market Size of Cranberries Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 3.20 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
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Cranberries Market Analysis
The cranberries market is projected to register a CAGR of 3.2% during the forecast period.
- Cranberries are mostly consumed in the form of juice due to the sour taste of cranberries when consumed raw. It is a perennial crop grown commercially in man-made wetlands or bogs in primarily five states in the United States. Americans consume nearly 400 million pounds of cranberries per year.
- North America is the largest region producing cranberries during the forecast period, with a 0.4 million metric ton production in 2021. The major producers of cranberries include the United States, Canada, Chile, Peru, Turkey, and Azerbaijan. The major importing countries of cranberries are the United States, Netherlands, United Kingdom, Germany, Canada, China, Spain, and others.
- The medicinal value of cranberries is one of the key drivers supporting market growth. In addition, 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 and help reduce oxidative damage to cells and prevent diseases. These health benefits of cranberries are expected to influence the market growth positively during the forecast period.
