Gooseberry Market

According to Stratistics MRC, the Global Gooseberry Market is accounted for $39.8 billion in 2022 and is expected to reach $66.3 billion by 2028 growing at a CAGR of 8.8% during the forecast period. A gooseberry is a little, sour-tasting fruit with a few hairs on it. Some of the hybrid gooseberries developed for commerce includes Black Velvet, Captivator, and Hinnonmaki Red. Gooseberry is a fruit full of nutrients that is good for your health and wellbeing. Its high vitamin C concentration is responsible for its health advantages. It is also high in fibre, low in calories, and full of antioxidants. As a tasty addition to meals or as a nutritious snack, gooseberries are a great addition to the diet.

According to Food and Agriculture Organization (FAO), the production of gooseberries in 2019 was 80,512 Metric tons and increased to 90,904.3 metric tons in 2021.



Market Dynamics:

Driver:

Increasing gooseberry consumption

Protein, potassium, magnesium, copper, manganese, iron, and vitamin B6 are all abundant in gooseberries. Due to the variety of bioactive components they contain, they are also abundant sources of dietary fibre. The market is expanding as a result of rising health awareness and the desire to maintain physical fitness among consumers, as well as the numerous health advantages that the berries offer.

Restraint:

Side effects

Gooseberries have a number of benefits, but there are also certain drawbacks that should be taken into account before taking them. The Indian gooseberry, which is widely used for its medicinal properties, also has a number of negative effects and a higher risk of bleeding issues. Therefore, it is advised that pregnant women and nursing moms refrain from eating fruit. These drawbacks may act as barriers to the market.

Opportunity:

Increasing awareness

The market is expected to develop as a result of rising health consciousness among consumers and the accessibility of gooseberries in a variety of meals. They can also be cultivated in small gardens and jars, and cultivation doesn't require much work. They are also a self-pollinating plantation, which means they don't require much maintenance, which is propelling the market's expansion.

Threat:

Increase in price

Gooseberries have a limited supply and are only available during certain times of the year, which can lead to higher costs and pose a significant challenge for the market. The high price of gooseberries may limit consumers' ability to purchase these products, especially in areas with lower incomes. When gooseberry goods are pricey, consumers can opt for less expensive substitutes, which could lower the demand for gooseberry goods.

Covid-19 Impact

Numerous important industries suffered losses as a result of COVID-19, which contributed to global economic collapse. However, the pandemic had a good influence on the gooseberry industry because it was discovered that gooseberries were useful for boosting immunity and people began showing interest in supplements to increase their natural resistance to the virus. Consequently, the epidemic increased demand for gooseberries. Furthermore, the demand for plant-based products is increasing during this period.

The gooseberry powder segment is expected to be the largest during the forecast period

The gooseberry powder segment is estimated to have a lucrative growth, due to the advantages. This market is expected to increase as a result of the convenience of storing gooseberries in powder form without the risk of spills and the advantages they offer, including healthy hair growth promotion, anti-inflammatory properties, and the treatment of illnesses including jaundice and diarrhoea.

The food & beverages segment is expected to have the highest CAGR during the forecast period

The food & beverages segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the wide range of gooseberry dishes and condiments. Growing knowledge of the nutritional advantages of gooseberry eating due to the fruit's high protein and vitamin content is anticipated to support growth. Additionally, the expansion of the market is supported by the current craze for health drinks and flavoured snacks with gooseberry flavours.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to increasing adaptation in various product applications. Growing awareness among consumers of the benefits of eating proteins and minerals is expected to support regional growth. The market in this area is also expanding as a result of the rising number of supermarkets, hypermarkets, discount stores, convenience stores, and stores that specialise in food.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to increasing demand from the personal care industry, and changing consumer lifestyle. Gooseberries are widely used in ayurvedic medications and supplements, which is what drives the market's expansion. The propensity of consumers to spend more on protein supplements as a result of greater disposable income is projected to fuel additional expansion.



Key players in the market

Some of the key players profiled in the Gooseberry Market include Dabur India Ltd., Oregon Fruit Products, Navitas Organics, Arjuna Natural Pvt Ltd., Euroasias Organics, Jiva Botanicals LLC, Maya Industries, Patanjali Ayurved Ltd., Paradise Herbs And Essentials Inc., Risun Bio Tech Inc., Neelamari Herbs, Himalaya Global Holdings Ltd., Herbeno Herbals India, ProV Foods Pvt. Ltd., Atulya, Taj Agro, BioMax Life Sciences, Amcor, Berry Plastics and Innophos.

Key Developments:

In September 2022, Patanjali foods, one of the FMCG industry giants, decided to hire more senior executives and spend more on advertising its unique food market. Patanjali is an ayurvedic medicine franchise that has expanded into the food industry in recent years, and it advertises its foods as healthy and nutritious.

In May 2020, Dabur, the ayurvedic giant chawanprash with several beneficial ingredients, including Indian gooseberries, gained immense popularity as an immunity booster. Populations started to buy out chawanprash to support their health system leading to an immense profit for the company.

Colors Covered:
• Green
• Red
• Yellow
• White
• Other Colors

Varieties Covered:
• Phyllanthus Emblica - Indian Gooseberry
• Ribes Uva-Crispa - European Gooseberry
• Ribes Hirtellum - North America Gooseberry
• Other Varieties

Products Covered:
• Gooseberry Chutney
• Gooseberry Tablets
• Gooseberry Liqueur
• Gooseberry Chili Sauce
• Gooseberry Powder
• Gooseberry Jam
• Other Products

Distribution Channels Covered:
• Specialty Stores
• Supermarkets &Hypermarkets
• Online Retail
• Other Distribution Channels

Applications Covered:
• Personal Care
• Nutraceuticals
• Food & Beverages
• Ayurveda Medicine
• Pharmaceuticals
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances