Market Overview:
The global lycium chinense (wolfberry) market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for healthy and nutritious food products, rising awareness about the health benefits of wolfberry, and growing demand for organic lycium chinense (wolfberry). Based on type, the global lycium chinense (wolfberry) market can be segmented into fresh fruit and dried fruit. The fresh fruit segment is projected to grow at a higher CAGR than the dried fruit segment during the forecast period. This growth can be attributed to the increasing demand for healthy snacks and rising awareness about the health benefits of fresh wolfberries. Based on application, direct-to-eat accounted for a larger share of the global lycium chinense (wolfberry) market in 2017 than matrimony vine products.
Product Definition:
A perennial shrub found in East Asia and North America, lycium chinense is also known as wolfberry. The fruit of the plant is edible and has been used medicinally for centuries.
Fresh fruit:
Fruit is the ripened ovary of a plant. The basic structure of fruit consists of two parts, namely skin and pulp (or seeds). Ripe fruits can be divided into three categories namely stone fruits, apples, and pears. Fruits are rich in vitamins (A-K), minerals such as calcium & iron & phytochemicals such as carotenoids & flavonoids etc. Some important types of fruits are grapes, mangoes, bananas etc.
Dried fruit:
Dried fruit is a concentrated form of natural sugar content in fruits. The most common types of dried fruit are raisins, dates, prunes, apricots, and figs. Raisins have the highest amount of natural sugar content than any other type of dried fruit; therefore they are used in many types of food products like baked goods and candies.
Application Insights:
The direct to eat application segment led the market and accounted for more than 54% of the global revenue share in 2017. The growing trend of online matrimony is one of the major factors driving this growth. This trend has increased significantly due to easy access to internet and smartphones, which has boosted the number of registrations on websites such as www.matrimonial website.com, www.takdirtoeatkorea.com, etc., which subsequently increased demand for Lycium Chinense (wolfberry).
The dried fruit segment is expected register significant growth over the forecast period owing to its use in various traditional medicines across China.
Regional Analysis:
Asia Pacific dominated the global lycium Chinense market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to growing population, rising disposable income levels and high demand for wedding ceremonies and celebrations among newlyweds in countries such as China, India, Japan and Thailand. In addition, increasing number of nuclear families due to break-up of traditional marriages coupled with rising consumer preference for single malt beverages is expected to drive the product demand further.
North America accounted for a significant share owing to strong brand identity associated with wolfberries developed by their manufacturers over past few years which has resulted into increased consumption across U.S., Mexico and Canada regions on account of health benefits associated with these fruits including prevention from cancer & cardiovascular diseases (CVDs).
Growth Factors:
- Increasing demand for functional foods and nutraceuticals
- Rising awareness about the health benefits of wolfberry
- Growing popularity of Chinese herbal medicine
- Technological advancements in wolfberry cultivation and processing
- Expansion of retail distribution channels
Scope Of The Report
Report Attributes
Report Details
Report Title
Lycium Chinense (wolfberry) Market Research Report
By Type
Fresh fruit, Dried fruit
By Application
Direct to Eat, Matrimony Vine Products
By Companies
Lontrue, Zaokang, Wolfberry, berylgoji, Ningxia Qixiang Biologic Foodstuff, Lontrue
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Lycium Chinense (wolfberry) Market Report Segments:
The global Lycium Chinense (wolfberry) market is segmented on the basis of:
Types
Fresh fruit, Dried fruit
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Direct to Eat, Matrimony Vine Products
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lontrue
- Zaokang
- Wolfberry
- berylgoji
- Ningxia Qixiang Biologic Foodstuff
- Lontrue
Highlights of The Lycium Chinense (wolfberry) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fresh fruit
- Dried fruit
- By Application:
- Direct to Eat
- Matrimony Vine Products
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lycium Chinense (wolfberry) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lycium chinense is a species of wolfberry. It is a small, shrubby plant with red or purple fruit that can be eaten raw or cooked. The fruit is high in antioxidants and has been used in traditional Chinese medicine to treat conditions such as arthritis and heart disease.
Some of the major companies in the lycium chinense (wolfberry) market are Lontrue, Zaokang, Wolfberry, berylgoji, Ningxia Qixiang Biologic Foodstuff, Lontrue.
The lycium chinense (wolfberry) market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lycium Chinense (wolfberry) Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Lycium Chinense (wolfberry) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Lycium Chinense (wolfberry) Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Lycium Chinense (wolfberry) Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Lycium Chinense (wolfberry) Market Size & Forecast, 2018-2028 4.5.1 Lycium Chinense (wolfberry) Market Size and Y-o-Y Growth 4.5.2 Lycium Chinense (wolfberry) Market Absolute $ Opportunity
Chapter 5 Global Lycium Chinense (wolfberry) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Lycium Chinense (wolfberry) Market Size Forecast by Type
5.2.1 Fresh fruit
5.2.2 Dried fruit
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lycium Chinense (wolfberry) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Lycium Chinense (wolfberry) Market Size Forecast by Applications
6.2.1 Direct to Eat
6.2.2 Matrimony Vine Products
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lycium Chinense (wolfberry) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lycium Chinense (wolfberry) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Lycium Chinense (wolfberry) Analysis and Forecast
9.1 Introduction
9.2 North America Lycium Chinense (wolfberry) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Lycium Chinense (wolfberry) Market Size Forecast by Type
9.6.1 Fresh fruit
9.6.2 Dried fruit
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Lycium Chinense (wolfberry) Market Size Forecast by Applications
9.10.1 Direct to Eat
9.10.2 Matrimony Vine Products
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Lycium Chinense (wolfberry) Analysis and Forecast
10.1 Introduction
10.2 Europe Lycium Chinense (wolfberry) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Lycium Chinense (wolfberry) Market Size Forecast by Type
10.6.1 Fresh fruit
10.6.2 Dried fruit
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Lycium Chinense (wolfberry) Market Size Forecast by Applications
10.10.1 Direct to Eat
10.10.2 Matrimony Vine Products
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Lycium Chinense (wolfberry) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lycium Chinense (wolfberry) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Lycium Chinense (wolfberry) Market Size Forecast by Type
11.6.1 Fresh fruit
11.6.2 Dried fruit
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Lycium Chinense (wolfberry) Market Size Forecast by Applications
11.10.1 Direct to Eat
11.10.2 Matrimony Vine Products
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Lycium Chinense (wolfberry) Analysis and Forecast
12.1 Introduction
12.2 Latin America Lycium Chinense (wolfberry) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Lycium Chinense (wolfberry) Market Size Forecast by Type
12.6.1 Fresh fruit
12.6.2 Dried fruit
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Lycium Chinense (wolfberry) Market Size Forecast by Applications
12.10.1 Direct to Eat
12.10.2 Matrimony Vine Products
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Lycium Chinense (wolfberry) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lycium Chinense (wolfberry) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Lycium Chinense (wolfberry) Market Size Forecast by Type
13.6.1 Fresh fruit
13.6.2 Dried fruit
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Lycium Chinense (wolfberry) Market Size Forecast by Applications
13.10.1 Direct to Eat
13.10.2 Matrimony Vine Products
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lycium Chinense (wolfberry) Market: Competitive Dashboard
14.2 Global Lycium Chinense (wolfberry) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lontrue
14.3.2 Zaokang
14.3.3 Wolfberry
14.3.4 berylgoji
14.3.5 Ningxia Qixiang Biologic Foodstuff
14.3.6 Lontrue