Global Blackcurrant Concentrates Market is segmented By Type(Liquid Form Concentrate, Powdered Form Concentrate, Puree Form Concentrate, Others), By Application(Pharmaceuticals, Food and Beverages, Cosmetics), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023 - 2030
Market Overview
Global Blackcurrant Concentrates Market reached USD 3.4 billion in 2022 and is expected to reach USD 5.5 billion by 2030 growing with a CAGR of 6.2% during the forecast period 2023-2030. One trend in the blackcurrant concentrates market is the increasing popularity of natural and clean-label products.
Consumers are actively seeking products with minimal additives and artificial ingredients. The blackcurrant concentrates market is a growing segment within the food and beverage industry. It is driven by rising health consciousness, demand for natural antioxidants, and a preference for functional foods. Blackcurrant concentrates are gaining popularity due to their rich flavor, nutritional benefits, and potential immune-boosting properties, leading to expanding market size and increasing market share.
One cup or 112 gms of blackcurrants contains 71 Kcal, 202.7 mg of Vitamin C, and 258 IU of Vitamin A. Blackcurrants have flavonoids and strong antioxidant properties, which may help maintain cardiovascular health. Blackcurrants are rich in anthocyanins which cause a decrease in total cholesterol and LDL levels, they also increase serum HDL (good) cholesterol levels.
Market Scope
| Metrics | Details |
| CAGR | 6.2% |
| Size Available for Years | 2021-2030 |
| Forecast Period | 2023-2030 |
| Data Availability | Value (US$) |
| Segments Covered | By Type, Application, and By Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Fastest Growing Region | North America |
| Largest Region | Asia-Pacific |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
Market Dynamics
Blackcurrant Concentrates Market Trend is Driven by Rising Health Consciousness and Demand for Natural Antioxidants
The blackcurrant concentrates market is experiencing a significant upswing due to the growing trend of health consciousness among consumers. Increasing awareness about the nutritional benefits of blackcurrant concentrates, such as their high antioxidant content and potential immune-boosting properties, has fueled demand in various applications, including dietary supplements and functional beverages.
As consumers seek natural and healthier alternatives, blackcurrant concentrates have emerged as a preferred choice, driving the market growth. The rising popularity of antioxidant-rich products further amplifies the demand, propelling the blackcurrant concentrates market size and also blackcurrant concentrates market share to new heights.
Blackcurrant Concentrates Market Expands with Surging Demand in the Food and Beverage Industry
The blackcurrant concentrates market is witnessing robust expansion, driven by the increasing demand in the food and beverage industry. As manufacturers look to enhance the nutritional profile and flavor of their products, blackcurrant concentrates have gained traction as a versatile ingredient in various applications, including jams, juices, desserts, and sauces.
The appealing color and taste of blackcurrants have made them an attractive choice for food and beverage formulations, driving the market growth. Additionally, the rising interest in natural sweeteners and functional foods has further bolstered the demand for blackcurrant concentrate powders and liquid forms, contributing to the market's overall size and share.
Supply Chain Disruptions Pose Challenges for Blackcurrant Concentrates Market Growth
One significant restraint faced by the blackcurrant concentrates market is supply chain disruptions. Fluctuations in raw material availability, unpredictable weather conditions, and transportation challenges can impact production and distribution. Such disruptions can lead to limited product availability and increased costs, affecting both blackcurrant concentrates market size and blackcurrant concentrates market share.
The inability to meet rising consumer demand for blackcurrant concentrates may result in a potential loss of market share to competitors offering alternative fruit concentrates. Additionally, the instability in the supply chain may hinder the market's overall growth potential, hindering its ability to meet the increasing health-conscious demands of consumers seeking antioxidant-rich products.
Segment Analysis
The global blackcurrant concentrates market is segmented based on type, application, and region.
Liquid Form Blackcurrant Concentrates Dominate Market with 45% Share, Driving Growth in Blackcurrant Concentrates Market Size
The global blackcurrant concentrates market has been segmented by type into liquid form concentrate, powdered form concentrate, puree form concentrate, and others.
The liquid form blackcurrant concentrates have emerged as the dominant segment in the blackcurrant concentrates market, capturing a substantial 45% market share. This growth is fueled by rising demand for blackcurrant extract concentrates and blackcurrant juice concentrates. The liquid form offers convenience and versatility, making it ideal for various applications in the food and beverage industry.
With its rich flavor and nutritional benefits, liquid blackcurrant concentrates have become popular in health beverages, smoothies, and natural sweeteners. As a result, the Blackcurrant Concentrates Market size has witnessed steady expansion, supported by the increasing consumer preference for healthier and antioxidant-rich products. As the liquid form maintains its prominence, the market's future looks promising, with continued opportunities for growth and innovation.
Geographical Penetration
Asia-Pacific Dominates Blackcurrant Concentrates Market with Unpredictable Growth and Lucrative Opportunities
COVID-19 shifted Asia-Pacific's blackcurrant concentrates market as health-consciousness surged, driving demand for nutraceuticals, functional foods, and health beverages. Supply chain disruptions initially affected production, but the market adapted to cater to the rising interest in immunity-boosting products. Blackcurrant concentrates gained popularity for their antioxidant-rich properties and use in dietary supplements and natural sweeteners.
With consumers seeking healthier options, the Asia-Pacific region's blackcurrant concentrates market share rose to 36%, highlighting its significance in the functional foods sector. As economies stabilized and vaccination rates increased, the outlook remained positive, emphasizing the continued prominence of blackcurrant concentrates in the Asia-Pacific region.
Major Key Players
The major global players in the market include Sums Fruits, Ariza b.v, Blackcurrant New Zealand Inc, Vapable Ltd, Agrana Beteiligungs-AG, CropPharms, Mapro Foods Pvt. Ltd, Natural Health Products NZ, GoodLifeProVision, and Cibaria International.
COVID-19 Impact Analysis
Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:
Covid-19 Impact:
The Covid-19 pandemic had a mixed impact on the Blackcurrant Concentrates Market. Initially, demand surged due to increased interest in immunity-boosting products. However, disruptions in the supply chain, labor shortages, and restrictions on international trade negatively affected production and distribution. Additionally, the closure of hospitality industries and reduced consumer spending impacted sales.
As the situation stabilized and vaccination rates increased, the market gradually recovered, driven by rising health consciousness and demand for natural ingredients. Overall, the pandemic caused short-term fluctuations, but the long-term outlook remains positive as the focus on health and wellness continues to drive demand for blackcurrant concentrates.
Key Developments
- On April 07, 2021, IPRONA, one of the world’s B2B market leader for fruit processing, has introduced a European Black Currant Extract for use in products that boost brain health. The natural ingredient, CurrantCraft, is the product of IPRONA’s proprietary extraction technique and years of work to reveal the effect of black currant on cognition and other aspects of health and wellbeing
- On February 8, 2021, Tanqueray, a gin brand owned by Diageo, launched a blackcurrant-flavored version in the United Kingdom. Tanqueray London Dry Gin's four botanicals are mixed with blackcurrants and vanilla in this new offering, which also includes the 'exotic floral' notes of black orchid.
- On July 06, 2020, 2before Performance Nutrition, a New Zealand sports nutrition company, will offer a blackcurrant powder beverage that provides a balanced quantity of nutrients and antioxidants to improve exercise performance and recovery.
Why Purchase the Report?
- To visualize the global blackcurrant concentrates market segmentation based on type, application, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development.
- Excel data sheet with numerous data points of blackcurrant concentrates market-level with all segments.
- The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
- Product mapping is available as Excel consists of key products of all the major market players.
The global blackcurrant concentrates market report would provide approximately 53 tables, 48 figures, and 190 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies