Cranberries Price Trend

Cranberries Prices December 2023

In 2023, the price of cranberries in the United States reached 3022 USD/MT by December.
Similarly, in China, the cranberries prices hit 3362 USD/MT in December 2023.
Germany also saw cranberries prices reaching 4382 USD/MT during December 2023.

Cranberries Price Trend, Market Analysis, and News

IMARC's latest publication, “Cranberries Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the cranberries market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of cranberries at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed cranberries price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting cranberries pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Cranberries Market Analysis

The global cranberries market size reached 1.18 million tons in 2023. By 2032, IMARC Group expects the market to reach 1.47 million tons, at a projected CAGR of 2.50% during 2023-2032.

• Cranberries are highly renowned for their numerous health benefits and nutritional importance. These little tart berries are prized for being abundant in vital vitamins, minerals, and antioxidants, making them an enticing choice for health-conscious consumers. One of the main health benefits of these berries is their potential to prevent urinary tract infections (UTIs). UTIs are the second most common type of infection in the body and are the reason for more than 8 million visits to the doctor each year. About 10 in 25 women and 3 in 25 men will have symptoms of a UTI during their lifetime. Cranberries contain proanthocyanidins, which inhibit bacteria from sticking to the urinary system walls, lowering the risk of infection.
• Consumers are increasingly looking for food products that are free from artificial additives, preservatives, or genetically modified organisms (GMOs), which is driving the growth of this market. The industry for organic foods is expanding at an impressive pace of 10.97% each year and is expected to reach $528.9 billion by 2032. Cranberries align with this trend as they appeal to people who value clean eating and sustainability. Furthermore, the growing health consciousness, in combination with the rising concerns about the long-term impacts of synthetic chemicals, has resulted in an increase in demand for organic cranberries.
• Functional foods and beverages (F&B) are becoming increasingly popular, which is another important factor in the market expansion. They are known to offer health advantages that are beyond basic nutrition by including bioactive chemicals that improve health and well-being. According to IMARC Group, this industry will be worth $368.9 billion by 2032, growing at a 5.7% annual pace. Cranberries make excellent candidates for such products with their high antioxidant content and health advantages. Cranberry-infused functional beverages, such as juices, smoothies, and teas, are especially popular among health-conscious customers.
• The modern lifestyle of consumers, which is characterized by busy schedules and limited time for meal preparation, has led to a rising demand for convenience food products like cranberries. These berries can be molded in various convenient formats, like dried, canned, and ready-to-eat (RTE) variations. As the market for convenience food grows, the demand for cranberries will also surge. For instance, it is expected that by 2023, the industry for convenience food will reach a valuation of US$ 782.7 billion. This hike in consumption will also create a substantial demand for cranberries in various formats owing to their health benefits.

Cranberries News

The report covers the latest developments, updates, and trends impacting the price of cranberries, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the cranberries price trend.

Latest developments in the cranberries industry:

• In June 2033, Fruit d’Or showcased its cranberry and wild blueberry 100% fruit powders with no added sugar, preservatives, flavor, additives, or fillers in IFT FIRST 2023. It takes 37 pounds of cranberries to produce a single pound of 100% fruit powder. These whole fruit powders contain polyphenols and anthocyanins and are utilized in dairy, energy bars, bakery, smoothies, and confectionery.
• In May 2023, Ocean Spray Cranberries, Inc. announced that it had formed a partnership with The Hershey Company for a line of sweet treats made from real fruit. This new snack line features an enhanced and delicious chocolate experience with milk chocolate-dipped cranberry bites and dark chocolate-dipped cherry-infused cranberry bites.

Product Description

Cranberries refer to small, tart, red berries that grow on evergreen shrubs or trailing vines. They are available in several types, including the American cranberry, the European cranberry, and the southern cranberry. These berries are known for their vibrant red color, acidic taste, and high nutritional value. They are extensively used in juices, sauces, jams, baked goods, salads, cereals, smoothies, teas, supplements, and as a natural food colorant.

Cranberries offer numerous benefits, such as promoting urinary tract health, providing antioxidants, supporting heart health, enhancing oral health, aiding in digestive health, boosting immunity, helping with weight management, improving skin health, reducing inflammation, and supporting liver health. Moreover, they are lauded for their low-calorie content, high fiber content, rich antioxidant profile, vitamin C richness, natural preservative properties, and versatility in recipes.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the cranberries price trend. 

Global Cranberries Price

The report offers a holistic view of the global cranberries pricing trends in the form of cranberries price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of cranberries, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed cranberries demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Cranberries Price

European cranberries prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for cranberries can also be provided for an extensive list of European countries.

North America Cranberries Price

The analysis of cranberries prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific cranberries historical data within the United States and Canada can also be provided.

Middle East and Africa Cranberries Price

The report explores the cranberries pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Cranberries Price

The cranberries pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This cranberries price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Cranberries Price

The analysis of cranberries prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of cranberries pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting cranberries price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The cranberries price charts ensure our clients remain at the forefront of the industry.