Packaged Currants Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Packaged Currants Market is Segmented By Type (Blackcurrant, Redcurrant, Others ), By Application (Supermarket, Convenience store, Grocery store, Online sales), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Packaged Currants Market Size

Global Packaged Currants Market reached USD 923.2 million in 2022 and is expected to reach USD 1,273.2 million by 2030 growing with a CAGR of 4.9% during the forecast period 2023-2030. Currants are available in the different types such as red currants, black currants, and white currants.

These currant berries are a rich source of vitamins, minerals, and antioxidants. The increase in the consumer's demand for these types of current is due to the increase in the number of health-conscious consumers population and the rise in the disposable income of the consumers.

Current packaging plays an important role in the freshness, quality, and safety of currants during transportation, storage, and display. Nowadays current consumption is increasing due to the rising population of health-conscious people. An increase in the availability of various packaged current products helps to boost market growth over the forecast period.

Packaged Currants Market Scope

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Packaged Currants Market Dynamics

Rising Health Benefits Awareness of Consuming Packaged Currants Helps to Boost Market Growth Over the Forecast Period

Packaged currants are a rich source of polyphenolic substances, antioxidants, anthocyanins, vitamin C, and gamma-linolenic acid (GLA). Regular consumption of packaged currants helps to improve eye health, immune system, blood flow, gut health, and kidney health. Blackcurrant extract helps to reduce risk factors for metabolic conditions such as type 1 and type 2 diabetes. Packaged current is a rich source of various types of vitamins such as vitamins A, B-6, B-5,  B-1, and E. 

Blackcurrants have 4 times more vitamin C compared to oranges and double the amount of antioxidants compared to blueberries. Vitamin C is good for skincare and anti-aging. Blackcurrant is good for the improvement of the immune system. It has various properties such as antimicrobial, anti-inflammatory, antiviral, antitoxic, antiseptic, and anti-cancer. Various studies showed that blackcurrant supplements help to boost the immune system.

Rising Consumer Demand for Functional Food and Beverage Helps to Boost Demand of  the Packaged Currant

The increasing trend of functional food is one of the important factors contributing to the growth of the packaged currants market. Functional foods are ingredients that provide additional health benefits beyond their primary nutritional value. These foods are designed to encourage specific health activities making them appealing to health-conscious consumers. Consumers are increasingly prioritizing their health and well-being, and are looking for foods that can provide various health benefits. 

Packaged currants, especially black currants, have intense nutritional value, with high levels of vitamins, antioxidants, and minerals. As a result, it fits well with functional food that emphasizes the inclusion of healthy ingredients in the daily diet. Black currant is known for its unique antioxidant anthocyanins properties. Antioxidants play an important role in neutralizing harmful free radicals in the body, reducing oxidative stress, and supporting overall health.

Competition From Other Superfoods Products Hampers Growth of the Packaged Currants Market 

As consumers become more health-conscious and demand nutrient-rich foods, they have a wider variety of superfoods, and currants face stiff competition from other popular superfood options. Superfoods include a wide variety of fruits, vegetables, nuts, seeds, and grains that offer unique health benefits. Some superfoods have received considerable attention in the media and health circles, which helps to increase demand of other superfoods and hampers market growth of the packaged current market.

Superfoods that are heavily marketed and promoted as health boosters can have a competitive advantage over lesser-known foods such as currants. Effective marketing campaigns can influence consumer attitudes and buying decisions. Different regions have unique food preferences and cultural practices, which can influence the popularity of certain superfoods. It can be difficult to maintain a strong market if currants are not traditionally consumed or recognized as surplus food in a particular area. If current products are a bit expensive or hard to find in some markets, consumers can choose from amazing food sources. 

Packaged Currants Market Segment Analysis

The global packaged currants market is segmented based on type, application, and region.

Increase in the Demand for Packaged Blackcurrant Due to its Health Benefits

The global packaged currants market by type has been segmented into blackcurrant, redcurrant, and others. 

Global blackcurrant market is driven by various factors such as increasing consumer awareness of the health benefits of blackcurrant, growing interest in superfoods, and increasing demand for natural and nutritious foods. Blackcurrant is popular for its high vitamin, antioxidant, and mineral content. It is commonly used to make blackcurrant juice, syrups, jams, concentrates, and other valuable products. 

As health consciousness increases and consumers demand more natural and functional foods, blackcurrants are likely to remain in the spotlight. Also, efforts by food companies to promote the health benefits of blackcurrant and develop new products could further boost the market. Some of the major key players launched new products in the market which helps to boost market growth over the forecast period. For instance, on May 29, 2020, 2before launched blackcurrant powder in the market that helps to improve natural sports performance. 

Global Packaged Currants Market Geographical Share

North America Region Held the Largest Share in Packaged Currants  Market.

The United States and Canada are major share-holding countries in the region due to the increase in the disposable income of consumers in the region. An increase in the production of blackcurrant in the region helps to boost regional growth over the forecast period. In 2022, blackcurrant and gooseberries are cultivated around 2,500 commercial acres in the United States. 

There are more than 500 blackcurrant farms in North America including, New York, Oregon, Connecticut, Wisconsin, Washington, British Columbia, Canada, etc. These farms are able to provide dried, fresh, and frozen black currants to consumers. An increase in the product launches by a number of manufacturers of black currant processed products such as dessert toppings, concentrate,  chocolate, and syrup in the region helps to boost regional growth over the forecast period.

Packaged Currants Market Major Companies

The major global players include Kabako GruppeKarelia Berries LLC., Special Fruit NV, Windmill Hill Fruits, Xi`an Xiyu Minnong Natural Food Co., ltd., Rind Snacks, Inc, Truly Good Foods., Dole Packaged Foods, LLC, Lion Raisins, JAB Dried Fruit Products Pty Ltd and Bergin Fruit & Nut Co.

COVID-19 Impact on Packaged Currants Market

COVID-19 Impact 

The Covid 19 pandemic disrupted the global supply chain, affecting the sourcing and distribution of packaged currants. Travel restrictions and shutdowns of businesses in some areas delayed supplies of currants and other packaging needs. The extended lockdown and economic uncertainty during the pandemic may have altered consumer demand for various foods including packaged currants, and could have reduced demand for others. 

The pandemic has changed consumer behavior, leading to changes in preferences and shopping patterns. Some consumers may have prioritized necessity, while others sought out comfort foods or products with perceived health benefits. Closures of restaurants, cafes and other food establishments during pandemic affect demand for some foods, including packaged currants used in recipes. 

By Type

• Blackcurrant 
• Redcurrant 
• Others 

By Application

• Supermarket 
• Convenience store 
• Grocery store 
• Online sales 

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On February 05, 2021, Diageo plc, a multinational alcoholic beverage company launched a blackcurrant-flavored version of gin brand Tanqueray in the United Kingdom. It is blended with blackcurrants and vanilla. The newly launched product is available in stores and online shops.
• On January 27, 2023, the Institute of Horticulture of the National Academy of Sciences (Ukraine) developed and officially registered 7 new blackcurrant varieties in the market. Some of the varieties have already been tested by professional and amateur farms in Ukraine.
• On April 14, 2021, Iprona, Italy-based company launched blackcurrant extract in the market. It helps to boost brain health. It is suitable as an additive in the range of food and supplement.

Why Purchase the Report?

• To visualize the global packaged currants market segmentation based on type, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of packaged currants market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping is available in Excel consisting of key products of all the major players.

The global packaged currants market report would provide approximately 53 tables, 48  figures and 122 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies