Blackcurrant Powder Market Insights: Size, Share, Growth Analysis & Forecast (2024 – 2029)
The market report provided a comprehensive analysis segmented by Nature (Organic, Conventional); by Application (Foods, Beverages, Personal Care & Cosmetics, Pharmaceuticals, Dietary Supplements); by Distribution Channel (Direct Sales, Indirect Sales); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).
Outlook
- The blackcurrant powder market is estimated to be at USD 1,264.35 Mn in 2024 and is anticipated to reach USD 1,902.75 Mn in 2029.
- The blackcurrant powder market is registering a CAGR of 8.52% during the forecast period 2024-2029.
- The black currant powder market is experiencing substantial growth driven by increasing consumer demand for superfoods rich in antioxidants and nutrients. This ingredient is widely used across multiple industries, including functional foods, nutraceuticals, cosmetics, and beverages. Technological advancements such as freeze-drying and microencapsulation are improving the shelf life and bioavailability of black currant powder, making it a versatile component in various health and wellness applications. As consumers continue to prioritize natural and organic products, black currant powder is gaining traction in the global market.
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Ecosystem
- The participants in the global blackcurrant powder industry are always developing their strategies to preserve a competitive advantage.
- Leading companies often focus on expanding their product portfolios, improving quality, and investing in research and development to stay competitive. Smaller firms tend to target niche markets with specialized offerings.
- Several important entities in the blackcurrant powder market include Arctic Power Ltd.; LOOV Organic LLC; LYOFOOD Sp. z o.o.; CurrantC, LLC; Z Natural Foods LLC; and others.
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Findings
| Attributes | Values |
|---|---|
| Historical Period | 2018-2022 |
| Base Year | 2023 |
| Forecast Period | 2024-2029 |
| Market Size (2024) | USD 1,264.35 Mn |
| Market Size (2029) | USD 1,902.75 Mn |
| Growth Rate | 8.52% CAGR from 2024 to 2029 |
| Key Segments | Nature (Organic, Conventional); Application (Foods, Beverages, Personal Care & Cosmetics, Pharmaceuticals, Dietary Supplements); Distribution Channel (Direct Sales, Indirect Sales); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa) |
| Key Vendors | Arctic Power Ltd.; LOOV Organic LLC; LYOFOOD Sp. z o.o.; CurrantC, LLC; Z Natural Foods LLC |
| Key Countries | The US; Canada; Mexico; Brazil; Argentina; Colombia; Chile; China; India; Japan; South Korea; The UK; Germany; Italy; France; Spain; Turkey; UAE; Saudi Arabia; Egypt; South Africa |
| Largest Market | Asia Pacific |
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Trends
- Microencapsulation Technology: Companies are utilizing microencapsulation techniques to protect the bioactive compounds in blackcurrant powder, such as anthocyanins, from oxidation and degradation. Health supplement brands are incorporating microencapsulated blackcurrant powder into capsules and tablets, which ensures better absorption and bioavailability of nutrients like Vitamin C and antioxidants.
- Freeze-Drying for Nutrient Preservation: Advanced freeze-drying technology is becoming the preferred method for producing blackcurrant powder due to its ability to retain the berry’s nutrients. New Zealand Blackcurrant has embraced this technique to maintain the high antioxidant content, particularly anthocyanins, in their blackcurrants.
- Organic and Clean-label: The trend in the blackcurrant powder market is increasingly leaning towards organic and clean-label products. This shift is directed by consumer preference for transparency and sustainability, with more people seeking out products free from synthetic additives and processed ingredients. As a result, organic blackcurrant powder is becoming a preferred option.
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Catalysts
- Health and Wellness Focus: The increasing focus on health and wellness, driven by consumer awareness of the benefits of antioxidants and natural superfoods, is a key driver for the black currant powder market. As people seek out natural ingredients to boost immunity, black currant powder’s rich vitamin C and anthocyanin content make it a popular choice in dietary supplements and functional foods. Brands like Organika are leveraging these health benefits to promote their black currant powder products as daily wellness essentials.
- Nutraceutical Applications: The application of black currant powder in the nutraceutical sector is growing, driven by its scientifically supported health benefits, such as boosting immunity, reducing inflammation, and improving vision. Nutraceutical company Baïa Food Co. is incorporating black currant powder into supplements focused on eye health and immune support, leveraging its rich antioxidant profile.
- Rising Demand for Natural Ingredients in Cosmetics: Black currant powder’s high content of antioxidants, such as vitamin C and anthocyanins, has led to its increased use in cosmetics, especially in anti-aging creams and serums. Natural beauty brands are incorporating black currant extract as a core ingredient in their formulations. Lumene has introduced skincare lines that feature black currant extract to appeal to the growing demand for natural, eco-friendly beauty products.
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Restraints
- Supply Chain Constraints: The seasonal and regional limitations of black currant farming can lead to supply chain disruptions, impacting the availability and pricing of black currant powder. Variability in harvest yields due to climatic conditions also contributes to fluctuating supply, particularly affecting markets like Europe and New Zealand, where black currant cultivation is prominent.
- High Production Costs: Advanced technologies such as freeze-drying and microencapsulation significantly increase production costs, which can limit the mass-market appeal of black currant powder. Smaller companies and those targeting price-sensitive consumers may find it difficult to compete due to the premium pricing of high-quality black currant powder.
- Regulatory Hurdles: Different countries have varying regulatory frameworks regarding food safety, labeling, and health claims, which can complicate the international expansion of black currant powder products. For instance, strict European Union regulations on health claims require rigorous testing and documentation, which slows down the launch of new products.
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Table of Contents
| 1. Introduction 1.1. Research Methodology 1.2. Scope of the Study 2. Market Overview / Executive Summary 2.1. Global Blackcurrant Powder Market (2018 – 2022) 2.2. Global Blackcurrant Powder Market (2023 – 2029) 3. Market Segmentation 3.1. Global Blackcurrant Powder Market by Nature 3.1.1. Organic 3.1.2. Conventional 3.2. Global Blackcurrant Powder Market by Application 3.2.1. Foods 3.2.2. Beverages 3.2.3. Personal Care & Cosmetics 3.2.4. Pharmaceuticals 3.2.5. Dietary Supplements 3.3. Global Blackcurrant Powder Market by Distribution Channel 3.3.1. Direct Sales 3.3.2. Indirect Sales 4. Regional Segmentation 4.1. North America 4.1.1. The US 4.1.2. Canada 4.1.3. Mexico 4.2. South America 4.2.1. Brazil 4.2.2. Argentina 4.2.3. Colombia 4.2.4. Chile 4.2.5. Rest of South America 4.3. Asia Pacific 4.3.1. China 4.3.2. India 4.3.3. Japan 4.3.4. South Korea 4.3.5. Rest of Asia Pacific 4.4. Europe 4.4.1. The UK 4.4.2. Germany 4.4.3. Italy 4.4.4. France 4.4.5. Spain 4.4.6. Rest of Europe 4.5. The Middle East 4.5.1. Turkey 4.5.2. UAE 4.5.3. Saudi Arabia 4.5.4. Rest of the Middle East 4.6. Africa 4.6.1. Egypt 4.6.2. South Africa 4.6.3. Rest of Africa 5. Value Chain Analysis of the Global Blackcurrant Powder Market 6. Porter Five Forces Analysis 6.1. Threats of New Entrants 6.2. Threats of Substitutes 6.3. Bargaining Power of Buyers 6.4. Bargaining Power of Suppliers 6.5. Competition in the Industry 7. Trends, Drivers and Challenges Analysis 7.1. Market Trends 7.1.1. Market Trend 1 7.1.2. Market Trend 2 7.1.3. Market Trend 3 7.2. Market Drivers 7.2.1. Market Driver 1 7.2.2. Market Driver 2 7.2.3. Market Driver 3 7.3. Market Challenges 7.3.1. Market Challenge 1 7.3.2. Market Challenge 2 7.3.3. Market Challenge 3 8. Opportunities Analysis 8.1. Market Opportunity 1 8.2. Market Opportunity 2 8.3. Market Opportunity 3 9. Competitive Landscape 9.1. Arctic Power Ltd. 9.2. LOOV Organic LLC 9.3. LYOFOOD Sp. z o.o. 9.4. CurrantC, LLC 9.5. Z Natural Foods LLC 9.6. Company 6 9.7. Company 7 9.8. Company 8 9.9. Company 9 9.10. Company 10 |
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Blackcurrant Powder Market – FAQs
1. What is the current size of the blackcurrant powder market?
Ans. In 2024, the blackcurrant powder market size is USD 1,264.35 Mn.
2. Who are the major vendors in the blackcurrant powder market?
Ans. The major vendors in the blackcurrant powder market are Arctic Power Ltd.; LOOV Organic LLC; LYOFOOD Sp. z o.o.; CurrantC, LLC; Z Natural Foods LLC.
3. Which segments are covered under the blackcurrant powder market segments analysis?
Ans. The blackcurrant powder market report offers in-depth insights into Nature, Application, Distribution Channel, and Geography.