Global Blackcurrant Concentrates Market - 2023-2030

Global Blackcurrant Concentrates Market - 2023-2030

Global Blackcurrant Concentrates Market reached US$ 3.4 billion in 2022 and is expected to reach US$ 5.5 billion by 2030 growing with a CAGR of 6.2% during the forecast period 2023-2030. The blackcurrant concentrates market trend is driven by the growing interest in functional foods and beverages. The antioxidant-rich properties and potential health benefits of blackcurrants make them attractive ingredients in health-focused products.

The blackcurrant concentrates market is experiencing steady growth within the food and beverage industry. This expansion is driven by rising consumer interest in functional foods and healthier alternatives. With increasing demand and the incorporation of blackcurrant concentrates in various health-focused products, the market is expected to continue its positive trajectory.

The market for blackcurrant concentrates is mostly driven by the rising emphasis on health and well-being. Customers value their health and look for items that are natural and high in antioxidants. Due to the large amount of phenolic compounds, particularly anthocyanins, found in blackcurrant concentrate, it is well-recognized that it is a good source of antioxidants.

Market Dynamics

Health-Conscious Consumers Fuel Blackcurrant Concentrates Market Growth

The blackcurrant concentrates market is growing as more people prioritize their health. Consumers are increasingly drawn to blackcurrant concentrates due to their natural and antioxidant-rich properties. The demand for functional foods and dietary supplements has further accelerated the expansion of the blackcurrant concentrates market size.

With this trend, the market share and size of blackcurrant concentrates have increased as well. Manufacturers are responding by offering cleaner and healthier options to cater to health-conscious consumers, contributing to the market's overall growth. As the health and wellness trend continues to rise, the blackcurrant concentrates market is poised for sustained growth in the foreseeable future.

Natural Sweeteners and Functional Beverages Drive Blackcurrant Concentrates Market

The blackcurrant concentrates market is thriving due to the rising popularity of natural sweeteners and functional beverages. Consumers are seeking healthier alternatives to refined sugars, and blackcurrant concentrates fit the bill perfectly. The antioxidant-rich nature of blackcurrants makes them appealing for use in functional beverages, enhancing their nutritional value.

This increased demand for natural sweeteners and functional beverages has propelled the market's growth, positively impacting both market share and size. Manufacturers are seizing this opportunity to innovate and develop a variety of health-promoting products, driving further growth in the blackcurrant concentrates market.

Seasonal Variability Poses Challenges to Blackcurrant Concentrates Market

Seasonal variability is a significant restraint in the blackcurrant concentrates market. Blackcurrants are harvested during specific times of the year, resulting in fluctuations in supply and affecting blackcurrant concentrates market size and share. During off-season periods, production may be limited, leading to potential shortages and increased prices. As a result, manufacturers and suppliers may face challenges in meeting the rising demand for blackcurrant concentrates year-round.

To mitigate this restraint, players in the market need to implement effective storage and preservation strategies or explore partnerships with growers across different regions to ensure a steady and reliable supply chain. Addressing seasonal constraints will be critical to maintaining market growth and stability in the Blackcurrant Concentrates Market.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it to pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global blackcurrant concentrate market has been segmented by type, application, and region.

Powdered Blackcurrant Concentrate Drives Growth with Natural Antioxidant Demand.

The global blackcurrant concentrate market has been segmented by type into liquid form concentrate, powdered form concentrate, puree form concentrate, and others.

The powdered form of blackcurrant concentrate holds a 30% market share in the blackcurrant concentrate market. Its popularity is attributed to its versatility and easy storage, making it ideal for various applications in nutraceuticals, blackcurrant juice concentrates, and blackcurrant extract concentrates. Consumers' increasing interest in clean-label products further amplifies the demand for this form.

Powdered blackcurrant concentrate powders are favored by manufacturers seeking natural and antioxidant-rich ingredients for functional foods and dietary supplements. As a key player, the powdered form of blackcurrant concentrate is significantly contributing to the market's growth and expanding market size, catering to the rising demand for healthier and natural alternatives.

Geographical Analysis

North America Emerges as Key Player with 26% Market Share in the Blackcurrant Concentrates Market

By region, the blackcurrant concentrates market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east, and Africa.

The blackcurrant concentrates market in North America has gained significant traction, capturing a substantial 26% market share. The region's growth is propelled by the increasing demand for nutraceuticals, functional foods, health beverages, natural sweeteners, antioxidant-rich products, and dietary supplements containing blackcurrant concentrates.

As health-conscious consumers seek out natural and healthier alternatives, blackcurrant concentrates have become a preferred choice, driving their incorporation in various food and beverage applications. The region's emphasis on clean-label products and transparent ingredients further boosts the market's growth. With the growing recognition of the nutritional benefits and antioxidant properties of blackcurrants, North America holds a prominent position in the thriving Blackcurrant Concentrates Market.

Competitive Landscape

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.

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