The global blackcurrant powder market is worth US$ 1.57 Billion as of now and expected to reach US$ 2.9 Billion by 2033 at a CAGR of 6.3% between 2023 and 2033.
Blackcurrant, better known as Ribes Nigrum, comes across as a cluster of seed-filled, tiny berries having a glossy dark purple color. This powder is made from pulp, seed, and skin of fruit. The nutrients contained in blackcurrant powder include vitamin C, vitamin B, vitamin A, calcium, magnesium, manganese, flavonoids, copper, and potassium. The intake thus helps in strengthening immune system, treating skin conditions and anti-aging, and improving metabolism.
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Blackcurrant powder is, these days, one of the components of porridges, dressings, beverages, cocktails, shakes, sauces, baking, smoothies, flavored ice-cream, jams, jellies, muesli, kefir, cereals, protein shakes, curd, and yoghurt. These end-use applications are expected to take the blackcurrant powder by storm in the forecast period.
At the same time, the fact that blackcurrant powder market has lost out on a major consumer base in the form of North America can’t be ignored. The US FDA has banned blackcurrant powder’s production as this plant has been reported to spread a disease that could create snowy pains. The Federal Government has gone further banning transference, selling, farming of blackcurrant. This factor could restrain the blackcurrant powder market in the forecast period.
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Blackcurrant Powder market’. It has its team of analysts and consultants to look through the bottom-up approach in its primary, secondary, and tertiary modes of research.
“With realization of the fact that blackcurrant powder has a longer life-span, the global blackcurrant powder is expected to grow on a good note in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from Blackcurrant Powder Market
- The Asia-Pacific holds the largest market share with Japan, China, and India leading from the front. This could be credited to the higher HQ (health quotient) amongst the population. It’s interesting to learn that 80-87% of exports of blackcurrant powder worldwide comes from Central and Northern Asia.
- Europe is expected to grow in blackcurrant powder market by leaps and bounds on the back of Denmark, France, and Germany. This could be reasoned with sustained profits offered on the count of blackcurrant powder.
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Competitive Arena
- The key participants in blackcurrant powder market include Arctic Power Berries, LOOV Food, LYO Food Sp. Z.o.o., FutureCeuticals, CurrantC LLC, Z Natural Foods, LLC, Active Micro Technologies, Waitaki Bio, ConnOils LLC, Northwest Wild Foods, and likewise.
- The key players are engaged in various modes of expansion to strengthen their foothold in the blackcurrant powder market. They include new product launch, mergers, acquisitions, partnerships, joint ventures, and likewise.
What does the Report state?
- The research study is based on end-use (food & beverages, cosmetics, and pharmaceutical), nature (conventional and organic), packaging (plastic jar, glass jar, and plastic), and distribution channel (supermarket, specialty store, grocery store, online retailers, and likewise).
- With cosmetics, food & beverages, and pharmaceuticals vertical increasingly using blackcurrant powder, the global blackcurrant powder market is bound to grow on an astonishing note in the forecast period.
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Blackcurrant Powder Market by Category
By End Use:
- Food and Beverage
- Cosmetics
- Pharmaceutical
By Nature:
- Organic
- Conventional
By Packaging:
- Plastic Jar
- Glass Jar
- Plastic
By Distribution Channel:
- Supermarket
- Specialty Store
- Grocery Store
- Online Retailers
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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