Black Currant Extract Market Size To Hit USD 341.2 Mn By 2030

Report

src

Global Black Currant Extract Market Size, Share & COVID-19 Impact Analysis, By Type (Powder, Capsule and Other), By Application (Food And Drinks, Cosmetic and Other), and Regional Forecasts, 2023-2030

Customization
  • We provide customized solutions to cater to your specific requirement services any region, product, or any specific market segment.
The global black currant extract market size was valued at USD 190.5 million in 2022. The market is projected to grow from USD 190.5 million in 2022 to USD 341.2 million by 2030, exhibiting a CAGR of 10.20% during the forecast period.
 
Black currant extract has a number of health advantages, including benefits for the immune system, metabolism, treating skin conditions, and anti-aging. Moreover, it promotes digestion, treats arthritis and anaemia, and aids in the repair of bone mineral levels. Additionally, it is utilised in cereals, porridges, protein shakes, smoothies, baking, sauces, shakes, cocktails, beverages, dressings, jellies, jams, flavoured ice cream, and muesli. Consequently, the nutritional value, applications, and benefits of black currant extract have fueled the expansion of the global market. The market for black currant extract has expanded as a result of consumers' growing knowledge of the benefits of using natural ingredients.
 
RECESSION IMPACT

The impact of a recession on the market for black currant extract would vary depending on a number of variables, such as the depth of the recession, consumer purchasing power, and the level of demand for black currant extract goods. Consumers may reduce their spending on non-essential purchases during a recession, including dietary supplements and health products like black currant extract. This could result in less consumer demand for goods containing black currant extract, which would decrease sales and revenues for businesses that make and distribute these goods. In a recession, there may be further market chances for black currant extract, nevertheless. Black currant extract supplements may be used by consumers looking for less expensive alternatives to pricey medical procedures in order to maintain their health and wellbeing.
 
DRIVING FACTORS

Growing Demand from Natural and Healthy Food Products to Drive Market Growth

The market for black currant extract is primarily driven by the rising demand for natural and nutritious food products. The effects of consumers' food choices on their health and the environment are worrying them more and more. They seek out foods with few processing steps, natural, whole ingredients, free of synthetic additives, preservatives, and other chemicals. Black currant extract is a natural component that can be added to food and beverage items to improve their nutritional profiles. Antioxidants, vitamin C, and other nutrients that are good for human health are abundant in it. Customers who are looking for ways to improve their health and wellbeing through food choices may find these health benefits to be very alluring. Consumers like black currant extract since it is a natural ingredient in addition to the health advantages. In comparison to synthetic components, natural substances are thought to be safer, healthier, and more environmentally friendly.
 
RESTRAINING FACTORS

Limited Availability of Black Currant to Restrict Market Growth

One of the major factors limiting the market for black currant extract is its limited availability. Black currants are primarily grown in Europe, Asia, and a few locations in North America, though they are not widely grown elsewhere in the world. Black currant extract's supply may be impacted by its limited accessibility, which could lead to increased costs and more difficult access to the supplement. Black currants grow well in particular environments, which contributes to their rarity. There are only a few places where black currants can be grown since they favour cooler areas with mild summers. The availability of fresh berries for extract processing can also be affected by the fact that black currants have a very limited harvesting season, which is normally from June to August.
 
SEGMENTATION

By Type

Black Currant Extract Market By Type
Based on type, the black currant extract market is segmented into powder, capsule and other. The powder category dominated the market in 2022. The market for black currant extract is expanding as consumers become more aware of the benefits of eating regular, healthy foods like yoghurt, shakes and smoothies, macaroons, truffles, chia-seed pudding, and handmade ice cream. Consuming black currant powder products may have a number of health advantages, including antimicrobial, immune system-boosting, and antitoxic properties. This is one of the main factors driving the growth of the black currant extract market.
 
By Application

Based on application, the black currant extract market is segmented into food and drinks, cosmetic and other. The food and drinks category dominated the market in 2022. The growth of the black currant extract market is being driven by the proliferation in demand for various food solicitations in the food sector to improve the colour and evaluation of the food product. Food items made using black currant extract include truffles, pastries used as decorations, muesli, and granola bars. This type of food has a high nutritional content and several health advantages, such as strengthening the immune system. Moreover, black currant fruits are unimportant and dark blackberries have a distinct flavour to draw customers.
 
REGIONAL INSIGHTS

Black Currant Extract Market By Region 
Asia Pacific is projected to hold the largest share of the black currant extract market over the forecast period. In terms of the food business, this region has a larger consumer base. The market for black currant extract saw a higher consumer base in nations like China, India, and Japan. These nations' growing health consciousness provides a lucrative growth opportunity for the black currant extract market. The market for black currant extract is expanding to new heights due to consumer demand for nutrient-dense foods. On the other hand, Europe black currant extract market is anticipated to grow significantly. Germany, France, and Denmark have the largest production bases for black currant extract. Europe is expected to adopt black currant extract quickly because to the high regard it enjoys among consumers as a source of nutritious profits.
 
LIST OF KEY COMPANIES PROFILED:
  • Nutra Green
  • Specnova
  • Herb Green Health Biotech
  • Ningbo J&S Botanics
  • Swanson
  • Tokiwa Phytochemical
  • Waitaki Biosciences
  • YOUBIO
  • Undersun
  • Xi'an Greena Biotech
  • Sunnycare
  • NATIVE EXTRACTS
  • Lemon Concentrate
  • BCNZ
 Recent Development:
  • In April 2021, the biggest B2B fruit processor in the world, Iprona, has unveiled CurrantCraft, a European black currant extract for use in brain-health goods.
REPORT SCOPE AND SEGMENTATION
 
Attributes Details
Market Size in 2022 USD 190.5 Million
Market Forecast in 2030 USD 341.2 Million
Compound Annual Growth Rate 10.20 %
Unit Revenue (USD Million) and Volume (Kilo Tons)
Segmentation By Type, By Application and By Geography
By Type
  • Powder
  • Capsule
  • Other
By Application
  • Food And Drinks
  • Cosmetic
  • Other
By Region
  • North America: U.S and Canada
  • Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
  • APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
  • Latin America: Brazil, Argentina, Chile
  • The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2022
Historical Year 2016-2021
Forecast Year 2023-2030
Chapter 1    Preface

    1.1    Report Scope and Description
        1.1.1    Study Purpose
        1.1.2    Target Audience
        1.1.3    USP and Key Offerings
    1.2    Key Benefits for Stakeholders
    1.3    Report Scope

Chapter 2    Report Summary

    2.1    Key Findings
        2.1.1    Top Investment Pockets
    2.2    Market Snapshot: Global Black Currant Extract Market
    2.3    Global Black Currant Extract Market, 2018 – 2028 (US$ Mn)

Chapter 3    COVID 19 Impact Analysis

    3.1    Impact Assessment of COVID-19 Pandemic, By Region
        3.1.1    North America: Impact of COVID-19 Pandemic
        3.1.2    Europe: Impact of COVID-19 Pandemic
        3.1.3    Asia pacific: Impact of COVID-19 Pandemic
        3.1.4    Latin America: Impact of COVID-19 Pandemic
        3.1.5    Middle-East and Africa: Impact of COVID-19 Pandemic
    3.2    Key Strategies Undertaken by Companies to Tackle COVID-19
    3.3    Quarterly Market Revenue by Region 2021 & 2022
    3.4    Pre COVID-19 Market Revenue, By Region, 2016-2019        (USD Million)
    3.5    Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    3.6    Short Term Dynamics
    3.7    Long Term Dynamics

Chapter 4    Global Black Currant Extract Market, By Type Segment Analysis

    4.1    Black Currant Extract Market Overview, By Type Segment
        4.1.1    Global Black Currant Extract Market Revenue Share, By Type, 2022 & 2028 (Value, %)
    4.2    Powder
        4.2.1    Black Currant Extract Market Share Forecast, By Region (USD Million)
        4.2.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        4.2.3    Key Market Trends, Growth Factors, & Opportunities
    4.3    Capsule
        4.3.1    Black Currant Extract Market Share Forecast, By Region (USD Million)
        4.3.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        4.3.3    Key Market Trends, Growth Factors, & Opportunities
    4.4    Other
        4.4.1    Black Currant Extract Market Share Forecast, By Region (USD Million)
        4.4.2    Comparative Revenue Analysis, By Country, 2021 & 2028
        4.4.3    Key Market Trends, Growth Factors, & Opportunities    
        
Chapter 5    Global Black Currant Extract Market, By Application Segment Analysis

    5.1    Black Currant Extract Market Overview, By Application Segment
        5.1.1    Global Black Currant Extract Market Revenue Share, By Application, 2022 & 2028 (Value, %)
    5.2    Food And Drinks
        5.2.1    Black Currant Extract Market Share Forecast, By Region (USD Million)
        5.2.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        5.2.3    Key Market Trends, Growth Factors, & Opportunities
    5.3    Cosmetic
        5.3.1    Black Currant Extract Market Share Forecast, By Region (USD Million)
        5.3.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        5.3.3    Key Market Trends, Growth Factors, & Opportunities
    5.4    Other
        5.4.1    Black Currant Extract Market Share Forecast, By Region (USD Million)
        5.4.2    Comparative Revenue Analysis, By Country, 2022 & 2028
        5.4.3    Key Market Trends, Growth Factors, & Opportunities
        
Chapter 6    Black Currant Extract Market – Regional Analysis, 2022 – 2028

    6.1    Black Currant Extract market Overview, by Region Segment
        6.1.1    Global Black Currant Extract market Revenue Share, By Region, 2022 & 2028
        6.1.2    Global Black Currant Extract Market Revenue, By Region, 2017 – 2028 (US$ Mn)
        6.1.3    Global Black Currant Extract market Revenue, By Type, 2017 – 2028 (US$ Mn)
        6.1.4    Global Black Currant Extract market Revenue, By Application, 2017 – 2028 (US$ Mn)
    6.2    North America
        6.2.1    North America Black Currant Extract Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        6.2.2    North America Black Currant Extract Market Revenue, By Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.2.3    North America Black Currant Extract Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.2.4    U.S. Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.2.5    Canada Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.2.6    Mexico Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    6.3    Europe
        6.3.1    Europe Black Currant Extract Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        6.3.2    Europe Black Currant Extract Market Revenue, By Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.3.3    Europe Black Currant Extract Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.3.4    Germany Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.3.5    France Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.3.6    U.K. Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.3.7    Italy Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.3.8    Spain Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.3.9    Rest of Europe Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    6.4    Asia Pacific
        6.4.1    Asia Pacific Black Currant Extract Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        6.4.2    Asia Pacific Black Currant Extract Market Revenue, By Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.4.3    Asia Pacific Black Currant Extract Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.4.4    China Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.4.5    Japan Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.4.6    India Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.4.7    South Korea Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.4.8    South-East Asia Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.4.9    Rest of Asia Pacific Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    6.5    Latin America
        6.5.1    Latin America Black Currant Extract Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        6.5.2    Latin America Black Currant Extract Market Revenue, By Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.5.3    Latin America Black Currant Extract Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.5.4    Brazil Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.5.5    Argentina Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.5.6    Rest of Latin America Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
    6.6    The Middle-East and Africa
        6.6.1    The Middle-East and Africa Black Currant Extract Market Revenue, By Country, 2018 – 2028 (US$ Mn)
        6.6.2    The Middle-East and Africa Black Currant Extract Market Revenue, By Type, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.6.3    The Middle-East and Africa Black Currant Extract Market Revenue, By Application, 2018 – 2028 (US$ Mn)/(Kilo Tons)
        6.6.4    GCC Countries Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.6.5    South Africa Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)
        6.6.6    Rest of Middle-East Africa Black Currant Extract Market Revenue, 2018 - 2028 (US$ Mn)/ (Kilo Tons)

Chapter 7    Black Currant Extract Market – Industry Analysis

    7.1    Introduction
    7.2    Market Drivers
        7.2.1    Driving Factor 1 Analysis
        7.2.2    Driving Factor 2 Analysis
    7.3    Market Restraints
        7.3.1    Restraining Factor Analysis
    7.4    Market Opportunities
        7.4.1    Market Opportunity Analysis
    7.5    Porter’s Five Forces Analysis
    7.6    PEST Analysis
    7.7    Regulatory Landscape
    7.8    Technology Landscape
    7.9    Value Chain Analysis

Chapter 8    Competitive Landscape

    8.1    Company Market Share Analysis – 2022
        8.1.1    Global Black Currant Extract market: Company Market Share, 2022
        8.1.2    Global Black Currant Extract Market: Company Market Share, 2022
    8.2    Strategic Developments
        8.2.1    Acquisitions & Mergers
        8.2.2    New Product Launch
        8.2.3    Regional Expansion
    8.3    Company Strategic Developments – Heat Map Analysis

Chapter 9    Company Profiles

    9.1    Nutra Green
        9.1.1    Company Overview
        9.1.2    Key Executives
        9.1.3    Product Portfolio
        9.1.4    Financial Overview
        9.1.5    Operating Business Segments
        9.1.6    Business Segment Performance
        9.1.7    Recent Developments
    9.2    Specnova
    9.3    Herb Green Health Biotech
    9.4    Ningbo J&S Botanics
    9.5    Swanson
    9.6    Tokiwa Phytochemical
    9.7    Waitaki Biosciences
    9.8    YOUBIO
    9.9    Undersun
    9.10    Xi'an Greena Biotech
    9.11    Sunnycare
    9.12    NATIVE EXTRACTS
    9.13    Lemon Concentrate
    9.14    BCNZ

Chapter 10    Research Methodology

    10.1    Research Methodology
    10.2    Phase I – Secondary Research
    10.3    Phase II - Data Modeling
        10.3.1    Company Share Analysis Model
        10.3.2    Revenue Based Modelling
    10.4    Phase III – Primary Research
    10.5    Research Limitations
        10.5.1    Assumptions
No Methodology
No Available