Global cascara product market estimated to reach US$ 1.59 billion by 2034, driven by growing consumer interest

From GlobeNewswire: 2025-02-11 03:45:00

The global cascara product market is estimated to reach US$ 610.3 billion in 2024, with a projected CAGR of 10% from 2024 to 2034. Companies are focusing on social media campaigns to promote the nutritional benefits of cascara products, driving sales worldwide. North America and Western Europe are key markets due to growing consumer interest. North America is expected to hold 29.1% market share in 2024, with revenue reaching US$ 177.6 million. The market for cascara products is forecasted to reach US$ 1.59 billion by 2034. Companies like Nestlé, Olam, and Applied Food Sciences are leading players in the market. In June 2024, Nestlé China introduced an upcycled cascara beverage line, tapping into local demand for tea. Powder/solid cascara products are preferred for their convenience and longer shelf life. The global market for cascara sagrada extract is projected to grow from US$ 61.5 million in 2024 to US$ 115.6 million by 2034. The global annatto market is expected to increase from USD 227.53 million to USD 370.62 million by 2032. The anti-aging ingredient market is growing due to an increase in demand for skincare products. The food binders market is set to grow from US$ 7.4 billion to US$ 11.6 billion by 2032. The global market for dried spices is projected to reach US$ 9.2 billion by 2033. Fact.MR provides comprehensive market reports and business insights to help companies navigate dynamic market challenges and achieve long-term success. Contact the US Sales Office for more information on market research solutions.



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