Dublin, Aug. 30, 2023 (GLOBE NEWSWIRE) -- The "Global Gooseberry Market - Forecasts from 2023 to 2028" report has been added to ResearchAndMarkets.com's offering.
The global gooseberry market, valued at $182.534 million in 2021, is characterized by the popularity of this edible green fruit native to Europe and Asia.
Market Drivers
Several factors contribute to the growing demand for gooseberries. These include:
- Nutritional Benefits: Gooseberries are rich in fiber, antioxidants, and vitamins C and K. They offer health benefits such as supporting the immune system, promoting digestion, and aiding in clotting and bone health.
- Health Consciousness: The rise in health consciousness and the prevalence of chronic diseases have driven the demand for foods with nutritional benefits, including gooseberries.
- Exotic Flavor Profile: Consumers are seeking unique and exotic flavor experiences in their food and beverages, driving the demand for gooseberries' distinct tartness.
- Culinary Versatility: Gooseberries are used in various dishes, giving them a distinct flavor depth. This versatility has led to their incorporation into products such as gin.
- Culinary Heritage: In Europe, especially the UK, Germany, and Nordic countries, gooseberries have a rich culinary heritage, contributing to their demand.
Challenges and Opportunities
However, the market does face challenges, including limited production, short shelf life, and lack of awareness. To overcome these obstacles, manufacturers are innovating and developing new products, such as gooseberry-based juices, wines, and beauty products.
Regional Growth
During the forecast period, Europe is projected to hold a significant share of the global gooseberry market due to its culinary heritage and demand for gooseberry-flavored products. The presence of key market players and investment in the agriculture industry further spur growth in this region.
Market Segmentation
The gooseberry market is segmented based on variety, color, product, application, and geography. Varieties include Ribes Uva-Crispa, Ribes Hirtellum, and Phyllanthus Emblica. Colors include white, yellow, green, and red. Products range from powder and jam to liqueur and tablets. Applications include medicine, nutraceuticals, food and beverage, and personal care. The market is divided into regions such as North America, South America, Europe, the Middle East and Africa, and Asia Pacific, each with its own specific country breakdown.
Market Developments
Notable market developments include government initiatives to increase green spaces by planting gooseberry trees and agricultural diversification projects aimed at expanding cultivation.
In conclusion, the global gooseberry market is driven by factors such as nutritional benefits, exotic flavors, and culinary versatility. While challenges exist, market players are finding opportunities to innovate and diversify their product offerings. The market is segmented by variety, color, product, application, and geography, with Europe expected to play a significant role in market growth.
Companies Profiled
- Taj Agro
- Innophos
- Patanjali Ayurved
- The Himalaya Drug Company
- Taiyo Kagaku
- Moom Health
- Dabur
Key Topics Covered
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Gooseberry Market by Variety
6. Global Gooseberry Market by Color
7. Global Gooseberry Market by Products
8. Global Gooseberry Market by Application
9. Global Gooseberry Market by Geography
10. Competitive Environment and Analysis
11. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/eawx64
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