Market Overview:
The global wolfberry supplements market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising awareness about the health benefits of wolfberry supplements, increasing demand for natural and organic products, and growing trend of preventive healthcare. In addition, the increasing number of online stores that sell wolfberry supplements is also contributing to the growth of this market. However, certain factors such as high price point and lack of standardization are restraining the growth of this market. Based on type, capsules accounted for a major share in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to their ease-of-use and convenience compared with other forms such as powder or tablets/capsules. By application, retail stores accounted for a major share in 2017 owing to increased demand from consumers for convenient access to these products.
Product Definition:
Wolfberry supplements are a type of dietary supplement made from the fruit of the Lycium barbarum plant. They are typically used to improve overall health, vision, and immune system function.
Capsules:
Capsules are small vials or containers that hold the supplement powder. The size of capsules can vary from one to four grams depending on the type and amount of ingredients in it. Capsules have a hard shell, soft gelatin coating which makes them easy to swallow.
There are two main types of capsules used in supplements; vegetarian and non-vegetarian capsule formulations.
Powder:
Powder is a dry, free-flowing solid that consists of micronutrients such as vitamins, minerals and amino acids. It can be used for the production of beverages or food products. The powder form is more suitable for the human body because it's easy to digest and absorb than other forms such as liquid or tablets. Powder supplements are usually made from plant materials (e.g., rice) rather than animal sources (e.g., milk).
Application Insights:
The retail stores segment held the largest share of over 70.0% in 2017. The growth can be attributed to increasing consumer awareness about health and wellness, which has prompted them to adopt a healthy lifestyle by consuming nutrient-rich products, such as supplements. Wolfberry is gaining popularity among consumers for its ability to reduce weight and improve metabolism, thereby improving health conditions including cardiovascular diseases and diabetes.
Specialty stores accounted for the second-largest share in 2017 owing to their focus on offering nutritional supplements that help strengthen immunity against colds & flus as well as support digestive system function & gastrointestinal health problems including diarrhea & constipation. Wolfberry also helps maintain normal blood sugar levels along with reducing cholesterol levels thus supporting heart health problems or cardiac diseases effectively without any side effects or adverse reactions reported so far regarding this fruit extract supplement consumption globally.
Regional Analysis:
Europe dominated the global market in 2017 owing to high demand for nutritional supplements. The region is expected to witness a CAGR of XX% over the forecast period, on account of rising consumer awareness regarding health and fitness. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to increasing product availability at retail stores and online portals in countries such as China, Japan, South Korea, Australia and New Zealand among others.
Growth Factors:
- Increasing awareness about the health benefits of wolfberry supplements is driving the market growth.
- Rising demand for natural and organic products is also propelling the wolfberry supplements market growth.
- Growing popularity of traditional Chinese medicine (TCM) is another key factor fuelling the demand for wolfberry supplements worldwide.
- Wolfberry supplements are considered as a rich source of antioxidants and are beneficial for overall health, which is resulting in an increase in their demand among consumers across the globe.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wolfberry Supplements Market Research Report
By Type
Capsules, Powder, Others
By Application
Retail Stores, Specialty Stores, Online Stores
By Companies
Swanson Health Products, Xiuzheng Pharmaceutical, Piping Rock Health Products, Doctor's Best, Inc., Ayurish
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
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Wolfberry Supplements Market Report Segments:
The global Wolfberry Supplements market is segmented on the basis of:
Types
Capsules, Powder, Others
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
Retail Stores, Specialty Stores, Online Stores
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:
- Swanson Health Products
- Xiuzheng Pharmaceutical
- Piping Rock Health Products
- Doctor's Best, Inc.
- Ayurish
Highlights of The Wolfberry Supplements 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:
- Capsules
- Powder
- Others
- By Application:
- Retail Stores
- Specialty Stores
- Online Stores
- 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 Wolfberry Supplements 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?
Wolfberry supplements are a type of dietary supplement that are made from the fruit of the wolfberry plant. Wolfberries have been traditionally used in Eastern Europe and Asia to improve overall health and well-being. Some common benefits associated with wolfberry supplements include improved cognitive function, better circulation, stronger immune system, and reduced inflammation.
Some of the major players in the wolfberry supplements market are Swanson Health Products, Xiuzheng Pharmaceutical, Piping Rock Health Products, Doctor's Best, Inc., Ayurish.
The wolfberry supplements market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wolfberry Supplements 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 Wolfberry Supplements Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wolfberry Supplements 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 Wolfberry Supplements 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 Wolfberry Supplements Market Size & Forecast, 2018-2028
4.5.1 Wolfberry Supplements Market Size and Y-o-Y Growth
4.5.2 Wolfberry Supplements Market Absolute $ Opportunity
Chapter 5 Global Wolfberry Supplements 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 Wolfberry Supplements Market Size Forecast by Type
5.2.1 Capsules
5.2.2 Powder
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wolfberry Supplements 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 Wolfberry Supplements Market Size Forecast by Applications
6.2.1 Retail Stores
6.2.2 Specialty Stores
6.2.3 Online Stores
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wolfberry Supplements 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 Wolfberry Supplements 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 Wolfberry Supplements Analysis and Forecast
9.1 Introduction
9.2 North America Wolfberry Supplements 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 Wolfberry Supplements Market Size Forecast by Type
9.6.1 Capsules
9.6.2 Powder
9.6.3 Others
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 Wolfberry Supplements Market Size Forecast by Applications
9.10.1 Retail Stores
9.10.2 Specialty Stores
9.10.3 Online Stores
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 Wolfberry Supplements Analysis and Forecast
10.1 Introduction
10.2 Europe Wolfberry Supplements 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 Wolfberry Supplements Market Size Forecast by Type
10.6.1 Capsules
10.6.2 Powder
10.6.3 Others
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 Wolfberry Supplements Market Size Forecast by Applications
10.10.1 Retail Stores
10.10.2 Specialty Stores
10.10.3 Online Stores
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 Wolfberry Supplements Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wolfberry Supplements 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 Wolfberry Supplements Market Size Forecast by Type
11.6.1 Capsules
11.6.2 Powder
11.6.3 Others
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 Wolfberry Supplements Market Size Forecast by Applications
11.10.1 Retail Stores
11.10.2 Specialty Stores
11.10.3 Online Stores
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 Wolfberry Supplements Analysis and Forecast
12.1 Introduction
12.2 Latin America Wolfberry Supplements 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 Wolfberry Supplements Market Size Forecast by Type
12.6.1 Capsules
12.6.2 Powder
12.6.3 Others
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 Wolfberry Supplements Market Size Forecast by Applications
12.10.1 Retail Stores
12.10.2 Specialty Stores
12.10.3 Online Stores
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) Wolfberry Supplements Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wolfberry Supplements 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) Wolfberry Supplements Market Size Forecast by Type
13.6.1 Capsules
13.6.2 Powder
13.6.3 Others
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) Wolfberry Supplements Market Size Forecast by Applications
13.10.1 Retail Stores
13.10.2 Specialty Stores
13.10.3 Online Stores
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 Wolfberry Supplements Market: Competitive Dashboard
14.2 Global Wolfberry Supplements Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Swanson Health Products
14.3.2 Xiuzheng Pharmaceutical
14.3.3 Piping Rock Health Products
14.3.4 Doctor's Best, Inc.
14.3.5 Ayurish
