Blackcurrant Powder Market

Blackcurrant Powder Market Outlook from (2023 to 2033)

The global Blackcurrant Powder market is expected to reach a market valuation of US$ 1,572.7 million by 2023, recording a CAGR of 6.3% from 2023 to 2033.

Blackcurrant, also known as Ribes nigrum, is a cluster of tiny, seed-filled berries with a glossy dark purple color. Blackcurrant powder is made entirely from the skin, seed, and pulp of the fruit. While dried and powdered, this powder has the same nutritional value as fresh blackcurrants. Compared to fresh blackcurrants, it can be used and stored for a longer amount of time. The powdered black currants are an excellent source of vitamin C. It also has high levels of other nutrients like fiber, vitamin A, vitamin B, iron, magnesium, calcium, manganese, copper, flavonoids, and potassium.

Blackcurrant Powder Market Size (2023E)	US$ 1,572.7 million
Blackcurrant Powder Market Projected Size (2033F)	US$ 2,896.8 million
Value CAGR (2023 to 2033)	6.3%
Top 3 Countries Marketing Share	69.2%

A significant driver fueling the expansion of the global market is the rising use of blackcurrant powder in a variety of sectors, including pharmaceutical, cosmetics, food, and beverage, among others, in both developed and developing nations worldwide. Also, people are becoming more and more aware of the health benefits of natural and nutritious food ingredients, including their ability to be antibacterial, immune system-boosting, and antitoxic. These are the key elements predicted to accelerate the expansion of the global market.

In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Blackcurrant Powder.

How Has the Market Progressed So Far in 2022?

Market Statistics	Details
Jan–Jun (H1), 2021 (A)	6.1%
Jul–Dec (H2), 2021 (A)	6.2%
Jan–Jun (H1),2022 Projected (P)	6.3%
Jan–Jun (H1),2022 Outlook (O)	6.1%
Jul–Dec (H2), 2022 Projected (P)	6.3%
Jul–Dec (H2), 2022 Outlook (O)	6.3%
Jan–Jun (H1), 2023 Projected (P)	6.0%

Historic v/s Future Outlook Comparison for Blackcurrant Powder?

The market for blackcurrant powder is expanding as consumers become more aware of the benefits of eating regular, healthy foods like yogurt, shakes and smoothies, macaroons, truffles, chia-seed pudding, and handmade ice cream. Consuming blackcurrant powder products may provide a number of health advantages, including antibacterial, immune system-boosting, and antitoxic properties. This is one of the main factors driving the growth of the blackcurrant powder market. Blackcurrant powder contains anthocyanins and vitamin C, which is a key component in boosting the body's immune system. The product is also a good source of gamma-linoleic acid, an omega-6 fatty acid.

Various Health Benefits

Blackcurrant powder has many health advantages, including benefits for the immune system, metabolism, treating skin conditions, and anti-aging. Moreover, it enhances digestion, treats arthritis and anemia, and aids in the restoration of bone mineral levels. Moreover, it's a component of smoothies, baking, sauces, shakes, cocktails, beverages, dressings, jellies, jams, flavored ice cream, yoghurt, curd, protein shakes, cereals, porridges, kefir, and muesli. Hence, the nutritional value, applications, and benefits of black currant powder have fueled the expansion of the global market.

Comparative View of Associated Market

Fruit Powders Market:

Attributes	Fruit Powders Market
CAGR (2023 to 2033)	7.6%
Market Value (2023)	US$ 17.5 billion
Growth Factor	Fruit powder is renowned for its ability to gel, emulsify, and bind water. Food powder has become a highly sought-after ingredient by makers of processed foods to enhance the flavor and quality of their food products because of these features.
Key Trend	Vital vitamins and minerals are abundant in fruit powders. Because of this, their use in superfood and skincare products is growing.

Citrus Powder Market:

Attributes	Citrus Powder Market
CAGR (2023 to 2033)	8%
Market Value (2023)	US$ 3,640 million
Growth Factor	Citrus powder's ability to treat skin conditions like wrinkles, acne pigmentation, and dark spots is anticipated to increase demand for citrus powder-based skin care products. Citrus powder is increasingly being used in sanitization products due to the citric acid's cleaning capabilities.
Key Trend	Market leaders for citrus powder are observing an increase in demand across a range of products, including drinks like juice and alcoholic beverages. In the upcoming years, this is anticipated to open up new growth prospects for market participants in citrus powder.

Country-wise Insights

How are the Sales of the Blackcurrant Powder Market Shaping in North America?

The US Department of Agriculture has banned the production of blackcurrant powder because the plant has the potential to spread a disease that might wipe out all American food cravings. To protect the snowy pains, which are creating a tough aspect for the blackcurrant powder industry, the Federal Government also banned the farming, selling, and transference of blackcurrant. There is no denying that North America, and particularly the United States, will continue to play a significant role. Changes made by the United States could have an impact on the direction in which blackcurrant powder is moving. Due to the widespread use of cutting-edge technology and the presence of major competitors in this area, the market is projected to have plenty of room for expansion.

Why is there a Rising Demand for Blackcurrant Powder in Asia Pacific?

Through the forecast period, the Asia Pacific region is anticipated to dominate the blackcurrant powder market. In terms of the food business, this region has a larger consumer base. The market for blackcurrant powder saw a higher consumer base in nations like China, India, and Japan. These nations' growing health consciousness provides a lucrative growth opportunity for the blackcurrant powder industry. Around 80% to 87% of the world's exports of extra blackcurrant powder are thought to come from Northern and Central Asia.

How Big is the European Market for Blackcurrant Powder?

Throughout the projected period, the European region is anticipated to expand rapidly. The highest production bases for blackcurrant powder are in Germany, France, and Denmark. Due to the high regard for blackcurrant powder associated with sustaining profits among consumers, Europe is anticipated to adopt blackcurrant powder quickly.

Category-wise Insights

Consumption of Organic Black Currant Powder

Organic blackcurrant powder will rule the market. Given its nutritive power, organic blackcurrant powder is intended to be a real superfood. The organic powder has a deep flavor and is used in many cuisines. Increase in sales of 4.5% of dry organic black currant powder in China and India due to increasing demand; these products are 100% pure fruit, all-natural, and flavorless. The highest Vitamin-C content is found in blackcurrant organic powder, which is what is driving the market's expansion.

Usage by the Food and Beverage Industry

The Food & Beverage industry will dominate the blackcurrant powder market. The growth of the blackcurrant powder market is being driven by the proliferation in demand for various food solicitations in the food sector to improve the color and evaluation of the food product. Food items made using blackcurrant powder 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, blackcurrant fruits are unimportant and dark blackberries have a distinct flavor to draw customers.

Competitive Landscape

The Blackcurrant Powder market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.

Scope of the Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	US$ million for Value and Metric Ton for Volume
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa
Key Countries Covered	United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others.
Key Segments Covered	End Use, Nature, Packaging, Distribution Channel, and Region
Key Companies Profiled	Arctic power berries LOOV Food LYO FOOD Sp. z o.o. FutureCeuticals CurrantC LLC Z Natural Foods, LLC Active Micro Technologies LLC (AMT) Waitaki Bio ConnOils LLC Northwest Wild Foods
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

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

Frequently Asked Questions

What is the global Blackcurrant Powder Market reported by FMI for 2023?

The Blackcurrant Powder Market is valued at US$ 1,572.7 million for 2023.

What is the Blackcurrant Powder Market valuation expected for 2033?

The Blackcurrant Powder Market valuation is expected to be US$ 2,896.8 million in the year 2023.

What is the projected CAGR for the Blackcurrant Powder Market from 2023 to 2033?

The value of CAGR for the Blackcurrant Powder Market is estimated to be 6.3%.

Which segment type will garner significant value share by 2023?

The Organic Blackcurrant Powder segment would garner a significant market value share by 2023.