Asia Pacific Maqui Berries Market Forecast to 2030 - Regional Analysis - by Form (Fresh and Processed), Category (Organic and Conventional), and Application (Functional Food and Beverages, Pharmaceuticals and Nutraceuticals, Personal Care and Cosmetics, and Animal Nutrition)
The Asia Pacific maqui berries market is expected to grow from US$ 9.56 million in 2022 to US$ 24.02 million by 2030. It is estimated to record a CAGR of 12.2% from 2022 to 2030.
Development of Medicines with Maqui Berry Extracts that Support Eye Health Boosts Asia Pacific Maqui Berries Market
Dry eye happens when tear glands in the eyes do not make enough tears to stay wet and lubricated. This causes irritation in the eyes, redness, sensitivity to light, blurry vision, and a stinging or burning feeling. Dry eyes, if left untreated, can cause severe eye inflammation, corneal ulcers, abrasion of corneal surface, and vision loss. Since maqui berries are antioxidant-rich superfruits, it is seen that they can help reduce dry eye symptoms by reducing inflammation, increasing natural tear production, and improving tear quality.
In 2015, scientists in Japan discovered that oral medication made from maqui berry extracts can alleviate dry eye syndrome without using commercial eye drops. These oral supplements support healthy tear fluid generation and is a safer alternative to artificial tears. The company also conducted trials to see the effect of MaquiBright extract on dry eye discomfort. The participants reported significant improvement in tear production and dry eye discomfort. Thus, the rising development of innovative medicines and supplements with maqui berry extracts that support eye health is expected to open lucrative opportunities for the Asia Pacific maqui berry market in the coming years.
Asia Pacific Maqui Berries Market Overview
Asia Pacific is one of the emerging markets for maqui berries. The Asia Pacific maqui berries market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Countries such as South Korea, Australia, and Japan are among the major importers of maqui berries. The dietary supplement manufacturers targeting eye health are increasingly using maqui berries in their products due to the presence of anthocyanins and flavonoids in maqui berries. Anthocyanins reduce oxidative stress in the retina, reduce inflammation, provide antiallergic and antimicrobial effects, and support blood circulation through fine capillaries in the eye. Thus, the demand for maqui berries is rising in the eye supplements space. In February 2021, Nano Japan, a beauty and health supplements company, launched Nano Optivue, a liquid supplement containing lutein, astaxanthin, maqui berry extract, blackcurrant, vitamin B, quercetin, and kuromanin-10. The company claims that the supplement can reduce digital eye strain and fatigue and improve focus. Nano Japan is planning to expand its geographical reach across Southeast Asia with the launch of its products in markets, including Singapore, Malaysia, and Japan.
Further, skin care products with maqui berries as a key ingredient are witnessing heavy demand in Asia Pacific countries, especially South Korea, India, and Australia. People in the region are focusing on natural skin care due to rising awareness of the harmful effects of toxic chemicals present in skin care products and cosmetics. The preference for berry-infused products is increasing significantly due to their brightening, purifying, and antiaging effects. This factor is expected to provide immense opportunities for the maqui berries market in Asia Pacific in the coming years.
Asia Pacific Maqui Berries Market Revenue and Forecast to 2030 (US$ Million)
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Asia Pacific Maqui Berries Market Segmentation
The Asia Pacific maqui berries market is segmented into form, category, application, and country.
Based on form, the Asia Pacific maqui berries market is bifurcated into fresh and processed. The processed segment held a larger share of the Asia Pacific maqui berries market in 2022.
In terms of category, the Asia Pacific maqui berries market is bifurcated into organic and conventional. The conventional segment held a larger share of the Asia Pacific maqui berries market in 2022.
By application, the Asia Pacific maqui berries market is segmented into functional food and beverage, pharmaceuticals and nutraceuticals, personal care and cosmetics, and animal nutrition. The functional food and beverage segment held the largest share of the Asia Pacific maqui berries market in 2022.
Based on country, the Asia Pacific maqui berries market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific dominated Asia Pacific maqui berries market in 2022.
HP Ingredients Corp, Jeeva Organic Pvt Ltd, Shaanxi LonierHerb Bio-Technology Co Ltd, and Xi'an Herb Bio-Tech Co Ltd are some of the leading companies operating in the Asia Pacific maqui berries market.
Table of Content
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions
4. Asia Pacific Maqui Berries Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Competitive Rivalry
4.3.4.1 Threat of Substitutes
4.4 Ecosystem Analysis
5. Asia Pacific Maqui Berries Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of Maqui Berries in Functional Food and Beverages
5.1.2 Utilization of Maqui Berries in Supplements for Diabetes
5.2 Market Restraints
5.2.1 Limited Supply of Maqui Berries
5.3 Market Opportunities
5.3.1 Development of Medicines with Maqui Berry Extracts that Support Eye Health
5.4 Future Trends
5.4.1 Rising Popularity of Skin Care Products with Maqui Berry
5.5 Impact of Drivers and Restraints:
6. Maqui Berries Market - Asia Pacific Market Analysis
6.1 Asia Pacific Maqui Berries Market Revenue (US$ Thousand), 2020 - 2030
6.2 Asia Pacific Maqui Berries Market Forecast and Analysis
7. Asia Pacific Maqui Berries Market Analysis - Form
7.1 Fresh
7.1.1 Overview
7.1.2 Fresh Market Revenue and Forecast to 2030 (US$ Thousand)
7.2 Processed
7.2.1 Overview
7.2.2 Processed Market Revenue and Forecast to 2030 (US$ Thousand)
8. Asia Pacific Maqui Berries Market Analysis - Category
8.1 Organic
8.1.1 Overview
8.1.2 Organic Market Revenue and Forecast to 2030 (US$ Thousand)
8.2 Conventional
8.2.1 Overview
8.2.2 Conventional Market Revenue and Forecast to 2030 (US$ Thousand)
9. Asia Pacific Maqui Berries Market Analysis - Application
9.1 Functional Food and Beverages
9.1.1 Overview
9.1.2 Functional Food and Beverages Market Revenue and Forecast to 2030 (US$ Thousand)
9.2 Pharmaceuticals and Nutraceuticals
9.2.1 Overview
9.2.2 Pharmaceuticals and Nutraceuticals Market Revenue and Forecast to 2030 (US$ Thousand)
9.3 Personal Care and Cosmetics
9.3.1 Overview
9.3.2 Personal Care and Cosmetics Market Revenue and Forecast to 2030 (US$ Thousand)
9.4 Animal Nutrition
9.4.1 Overview
9.4.2 Animal Nutrition Market Revenue and Forecast to 2030 (US$ Thousand)
10. Asia Pacific Maqui Berries Market - Country Analysis
10.1 Asia Pacific Maqui Berries Market
10.1.1 Overview
10.1.2 Asia Pacific Maqui Berries Market, By Key Country - Revenue (2022) (US$ Thousand)
10.1.2.1 Asia Pacific Maqui Berries Market Breakdown by Country
10.1.2.2 China Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.2.2.1 China Maqui Berries Market Breakdown by Form
10.1.2.2.2 China Maqui Berries Market Breakdown by Category
10.1.2.2.3 China Maqui Berries Market Breakdown by Application
10.1.2.3 Japan Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.2.3.1 Japan Maqui Berries Market Breakdown by Form
10.1.2.3.2 Japan Maqui Berries Market Breakdown by Category
10.1.2.3.3 Japan Maqui Berries Market Breakdown by Application
10.1.2.4 India Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.2.4.1 India Maqui Berries Market Breakdown by Form
10.1.2.4.2 India Maqui Berries Market Breakdown by Category
10.1.2.4.3 India Maqui Berries Market Breakdown by Application
10.1.2.5 Australia Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.2.5.1 Australia Maqui Berries Market Breakdown by Form
10.1.2.5.2 Australia Maqui Berries Market Breakdown by Category
10.1.2.5.3 Australia Maqui Berries Market Breakdown by Application
10.1.2.6 South Korea Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.2.6.1 South Korea Maqui Berries Market Breakdown by Form
10.1.2.6.2 South Korea Maqui Berries Market Breakdown by Category
10.1.2.6.3 South Korea Maqui Berries Market Breakdown by Application
10.1.2.7 Rest of Asia Pacific Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.2.7.1 Rest of Asia Pacific Maqui Berries Market Breakdown by Form
10.1.2.7.2 Rest of Asia Pacific Maqui Berries Market Breakdown by Category
10.1.2.7.3 Rest of Asia Pacific Maqui Berries Market Breakdown by Application
11. Company Profiles
11.1 HP Ingredients Corp
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Shaanxi LonierHerb Bio-Technology Co Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Jeeva Organic Pvt Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Xi'an Herb Bio-Tech Co Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
12. Appendix
List of Tables
Table 1. Asia Pacific Maqui Berries Market Segmentation
Table 2. Delphinidin Content of "Superfruit" Berries
Table 3. Asia Pacific Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
Table 4. China Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand) - Form
Table 5. China Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand) - Category
Table 6. China Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand) - Application
Table 7. Japan Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand) - Form
Table 8. Japan Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand) - Category
Table 9. Japan Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand) - Application
Table 10. India Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand) - Form
Table 11. India Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand) - Category
Table 12. India Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand) - Application
Table 13. Australia Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand) - Form
Table 14. Australia Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand) - Category
Table 15. Australia Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand) - Application
Table 16. South Korea Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand) - Form
Table 17. South Korea Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand) - Category
Table 18. South Korea Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand) - Application
Table 19. Rest of Asia Pacific Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand) - Form
Table 20. Rest of Asia Pacific Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand) - Category
Table 21. Rest of Asia Pacific Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand) - Application
List of Figures
Figure 1. Asia Pacific Maqui Berries Market Segmentation, By Country
Figure 2. Ecosystem: Asia Pacific Maqui Berries Market
Figure 3. Asia Pacific Maqui Berries Market - Key Industry Dynamics
Figure 4. Oxygen Radical Absorbance Capacity (ORAC) of Different Berries Measured in Micromoles Trolox Equivalents (TE) Per 100 Gram of the Raw Fruit
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Asia Pacific Maqui Berries Market Revenue (US$ Thousand), 2020 - 2030
Figure 7. Asia Pacific Maqui Berries Market Share (%) - Form, 2022 and 2030
Figure 8. Fresh Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 9. Processed Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 10. Asia Pacific Maqui Berries Market Share (%) -Category, 2022 and 2030
Figure 11. Organic Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 12. Conventional Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 13. Asia Pacific Maqui Berries Market Share (%) -Application, 2022 and 2030
Figure 14. Functional Food and Beverages Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 15. Pharmaceuticals and Nutraceuticals Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 16. Personal Care and Cosmetics Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 17. Animal Nutrition Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 18. Asia Pacific Maqui Berries Market, By Key Country - Revenue (2022) (US$ Thousand)
Figure 19. Asia Pacific Maqui Berries Market Breakdown By Key Countries, 2022 And 2030 (%)
Figure 20. China Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 21. Japan Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 22. India Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 23. Australia Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 24. South Korea Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 25. Rest of Asia Pacific Maqui Berries Market Revenue and Forecasts to 2030 (US$ Thousand)
1. HP Ingredients Corp
2. Jeeva Organic Pvt Ltd
3. Shaanxi LonierHerb Bio-Technology Co Ltd
4. Xi'an Herb Bio-Tech Co Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific maqui berries market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific maqui berries market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.