Blackcurrant Powder Market

Blackcurrant Powder Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment; 2018 - 2028

Market Outlook

Blackcurrant, scientifically known as as Ribes Nigrum, is a blackberry. Attributing to its medicinal benefits, blackcurrant has been witnessing strong demand across regions such as Northern and Central Asia and Northern Europe. Blackcurrant berries are dried and ground to obtain blackcurrant powder, which is commonly used as a flavoring agent in foods and beverages, owing to its distinctive taste. Blackcurrant powder can be sprinkled over smoothies, teas, yogurts, oatmeal or even desserts to impart a unique flavor. Blackcurrant powder is rich in nutrients and carries all the nutrition of a blackcurrant; thus, it is increasingly being preferred by consumers as a flavoring agent.

The market for fruit powders has been witnessing significant growth, which has been providing positive impetus to the blackcurrant powder market. With increasing awareness of food ingredients among consumers, the demand for natural and healthy ingredients has been growing. Customers are preferring natural ingredients over conventional ones, which in turn is driving the demand for blackcurrant powder as it serves as a great alternative in imparting a natural and healthy blackcurrant flavor to any food or beverage.  

Blackcurrant Powder is tagged as a ‘Super-Food’ as it offers a Balance of Nutrition, Taste & Health Benefits

Blackcurrant has been labeled as a ‘super-food’ and is trending in the food and beverage market, owing to its versatile health benefits. In terms of nutrition, taste and favor, blackcurrant powder is at par with fresh blackcurrant fruit. In fact, if offers added advantages over the fresh fruit as it can be stored and preserved for longer periods of time, unlike the fruit. Not only is blackcurrant powder a delicious addition to diet, but it also offers health benefits. Nutritionally, blackcurrant powder is known to have calcium, potassium, magnesium, vitamin A and vitamin C. It has also been proved as an extremely good food source for better vision. Blackcurrant powder can also beat other fruit powders available in the market in terms of antioxidant content. Thus, consumers are increasingly preferring blackcurrant powder, owing to its health and nutritional benefits.

Blackcurrant Powder Market: Segmentation

On the basis of end-use industry, the market has been segmented as:

  • Food and Beverage
  • Cosmetics
  • Pharmaceutical

On the basis of the nature of production, the market has been segmented as:

  • Conventional
  • Organic

On the basis of packaging, the market has been segmented as:

  • Plastic Jar
  • Glass Jar
  • Packet

On the basis of the distribution channel, the market has been segmented as:

  • Supermarket
  • Specialty Store
  • Grocery store
  • Online retailers
  • Others

Market Participants

Examples of some of the market participants identified in the global blackcurrant powder market are FutureCeuticals, Connoils, Waitaki Biosciences, LYO FOOD GmbH, New Zealand Pharmaceuticals Limited and CropPharms, LLC.

Global Blackcurrant Powder Market: Key Developments

The applications of blackcurrant powder are not restricted to flavoring agents in the food and beverage market. It is also used in cosmetics and pharmaceutical markets, among several others. Research and development is underway to uncover the new and innovative uses of blackcurrant powder. For instance, Active Micro Technologies, a research-oriented company, in order to create effective and natural antimicrobials with new formulations and innovative applications, has developed PhytoCide Black Currant Powder. The aim and science behind this blackcurrant powder was the isolation of phytochemicals from blackcurrant in the form of blackcurrant powder. This blackcurrant powder can be used as an antimicrobial agent in cosmetic and personal care products.

Developments and expansion are also underway in Europe for blackcurrant production. New and modernized techniques are being implemented to improve blackcurrant production. Better farming is increasing the availability of blackcurrant in the market, which in turn is leading to the growth of the blackcurrant powder market.

Opportunities for Market Participants

The blackcurrant powder market is pegged to have great opportunities for growth on the backdrop of the incorporation of new and advanced technologies for blackcurrant extraction and processing. Such technologies are expected to reduce the production cost of blackcurrant powder as well the additional expenditures faced by manufacturers. Also, the implementation of organic farming for organic blackcurrant powder can help manufacturers follow the global trend of organic products. In addition, selling blackcurrant powder products with labels such as Non-GMO, Vegan, Organic and others that help depict the production story of blackcurrant powder are expected to help increase sales in the market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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