Asia Pacific Maqui Berries Market

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)

Asia Pacific Maqui Berries Strategic Insights

Strategic insights for the Asia Pacific Maqui Berries provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Maqui Berries Report Scope

Asia Pacific Maqui Berries Regional Insights

The geographic scope of the Asia Pacific Maqui Berries refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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.