The goji berries global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Goji Berries Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The goji berries market size has grown strongly in recent years. It will grow from $1.47 billion in 2023 to $1.54 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to the rise in vegan and vegetarian trends, celebrity endorsements and influencer marketing, expansion into niche markets, and regulatory changes favoring superfoods.
The goji berries market size is expected to see strong growth in the next few years. It will grow to $1.89 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to growing demand for natural and organic products, increasing demand in cosmetic industry demand, rising incidence of lifestyle diseases, rising packaged food consumption, and rising demand for functional foods. Major trends in the forecast period include product innovations, sustainable farming practices, research and development investments, organic and natural preferences, and sustainable sourcing.
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Scope Of Goji Berries Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Goji Berries Market Overview
Market Drivers –
Growing demand for natural and organic products is expected to propel the growth of the goji berries market going forward. The demand for natural and organic products is growing due to increasing consumer awareness of health, sustainability, and environmental impact. Goji berries enhance organic products by providing a nutrient-rich, antioxidant-packed ingredient that supports health-conscious, sustainably farmed offerings. For instance, in May 2024, according to the Organic Trade Association, a US-based non-profit organization, organic product sales reached $69.7 billion in 2023, up from 67.6 billion in 2022. Therefore, the growing demand for natural and organic products is driving the goji berries market.
Market Trends –
Major companies operating in the goji berries market are focusing on expanding their offerings through product innovations such as goji berry drinks to cater to the growing demand for healthy, natural beverages and capitalize on the rising trend of functional foods and wellness products. Goji berry drinks refer to beverages made from goji berries, either as juice or blended with other ingredients, designed to offer the nutritional benefits of the berries, such as antioxidants, vitamins, and minerals. For instance, in September 2022, Luxe Beauty and Wellness Group, a US-based health and beauty company, introduced the Tipsy Goji Berry drink, a groundbreaking beverage that combines the health benefits of goji berries with a refreshing taste. This innovative drink combines the health benefits of goji berries with a refreshing taste, aiming to provide consumers with a guilt-free indulgence that also offers a mild buzz. The Tipsy Goji Berry drink promises to deliver a refreshing experience while maintaining a balance between enjoyment and health, appealing to consumers looking for healthier alternatives in the beverage market.
The goji berries market covered in this report is segmented –
1) By Product Type: Fresh, Dried, Juice, Powdered, Frozen
2) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Online Retail, Other Distribution Channels
3) By End-Use: Food And Beverage, Pharmaceuticals, Nutraceuticals, Personal Care And Cosmetics, Other End-Uses
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Regional Insights –
North America was the largest region in the goji berries market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the goji berries marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the goji berries marker are Sunfood Superfoods, Starwest Botanicals, The Berry Company, Tierra Farm, Organic Traditions, Navitas Naturals, Shiloh Farms, Ningxia Red Power Goji Co. Ltd., Dragon Herbs, Naturya, Alovitox, Earth Circle Organics, Feel Good Organics, Gojix Ltd., Indigo Herbs, Keva Kaipo Industries, King Nuts and Raaphorst B.V., Mattisson BV, Plantogram, Seven Hills Wholefood, Sunrise Botanics, The Tibetan Goji Berry Company, Viva Naturals, Wildly Organic
Table of Contents
1. Executive Summary
2. Goji Berries Market Report Structure
3. Goji Berries Market Trends And Strategies
4. Goji Berries Market – Macro Economic Scenario
5. Goji Berries Market Size And Growth
…..
27. Goji Berries Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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