Blackcurrant Seed Oil Market - Global Industry Analysis

Blackcurrant Seed Oil Market By Type (Organic and Conventional), By Form (Liquid and Gel Capsules), By Application (Cosmetics & Personal Care Products and Pharmaceutical Products), By End User (Households, Cosmetics & Personal Care Industry, and Pharmaceutical Industry), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Category: Food & Beverage Report Format : PDF Report Code: ZMR-6943 Status : Upcoming

Description

Industry Prospective:

The global blackcurrant seed oil market is estimated to grow with a compound annual growth rate (CAGR) of approximately 4.9 percent over the forecast period. The report analyzes the global blackcurrant seed oil market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the blackcurrant seed oil market.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Blackcurrant Seed Oil Market: Overview

Blackcurrant seed oil is a dietary supplement made from blackcurrant seeds. It's high in omega-3 and omega-6 fatty acids, which are essential for joint cell structure & function and can help reduce joint inflammation. The omega-3 alpha-linolenic acid (ALA) in blackcurrant seed oil is 13 percent and the omega-6 gamma-linolenic acid (GLA) is 17 percent.

COVID-19 Impact:

The overall plant extract/oil sector was hampered during the COVID-19 pandemic period which directly impacted the blackcurrant seed oil market. Furthermore, disruption in the supply chain, shortage of products due to the reduced production process, and low demand from the international market hampered the overall revenue flow between 2020 to the first two-quadrant of 2021. However, with the occurrence of pre-pandemic conditions, the market is expected to stabilize and grow at a healthy rate.

Blackcurrant Seed Oil Market: Growth Drivers

High Fatty Acid Content in Blackcurrant Seed Oil is Increasing its Demand in the Cosmetic Industry

Because blackcurrant seed oil has a large number of fatty acids, it is recommended to use it as a reparative agent when the skin has been damaged by a severe action such as laser treatment or sunburn. Alpha and gamma-linolenic acid, as well as stearidonic acid, are highly unsaturated fatty acids found in blackcurrant seed oil. Aside from such skin-beneficial acids, the blackcurrant seed oil is also recognized to have anti-inflammatory properties. Eczema can also be treated using blackcurrant seed oil. Besides, blackcurrant seed oil's outstanding therapeutic characteristics make it ideal for use as a healing oil. Blackcurrant seed oil is also used in anti-aging treatments and face oils in cosmetics. It has been discovered that blackcurrant seed oil is excellent for mature and hyper-sensitive skin as well. As people are willing to spend money on beauty and cosmetics products its demand grows, so does the demand for substances like blackcurrant oil. As a result, blackcurrant oil sales in the cosmetics business are soaring.

Blackcurrant Seed Oil Market: Restraints

Disadvantages with the use of blackcurrant seed oil may hinder the growth of the market.

Even though there are several benefits with the use of blackcurrant seed oil, it may cause some side effects such as mild diarrhea, soft stools, and intestinal gas. Presently consumers are more aware and cautious with the health products they purchase. Further, the cost of the blackcurrant seed oil is also comparatively high with the products having the same medicinal properties. All these factors may limit the sale of blackcurrant seed oil during the forecast period.

Blackcurrant Seed Oil Market: Opportunities

A strong supply chain around the world would create ample growth opportunities for the market.

According to several reports, there are bottlenecks in the distribution network for blackcurrant seed oil. Large farmers sell blackcurrant straight to the industry, resulting in price swings in the final product. The advent of a more structured method of producing blackcurrant seed oil might benefit the blackcurrant industry. In addition, recent reports of blackcurrant production in places other than Europe, such as China, suggest that the blackcurrant seed oil market could grow in other places as well. Increased availability of blackcurrant seed oil would raise customer knowledge of the product, resulting in a favorable impact on the global blackcurrant seed oil market's growth.

Blackcurrant Seed Oil Market: Challenges.

Less awareness and high prices of blackcurrant seed oil pose the biggest challenge for the industry.

Blackcurrant seed oil is very effective to treat many health conditions also its use in the cosmeceutical sector is increasing at a rapid rate. However, low awareness about the importance of blackcurrant seed oil and its benefits restricts the sale of the products. Additionally, the extraction and commercialization process of the blackcurrant seed oil is expensive. The average cost of the product goes nearly USD 40, such prices makes it difficult to penetrate the product in low- and middle-income countries' market.

Blackcurrant Seed Oil Market: Segmentation

The global blackcurrant seed oil market is bifurcated based on type, form, application, end-user, and region. Based on type, the global Market is categorized into organic and conventional. The conventional segment of the market holds nearly 59 percent of the share, whereas the organic type is likely to grow at a rapid rate during the forecast period. Liquid and gel capsules are the major forms included in the report scope. The application segment of the market is divided into cosmetics & personal care products and pharmaceuticals products. Among these, cosmetics & personal care products segment holds more than 50 percent of the shares. The end-user segment is segregated as households, cosmetics & personal care industry, and pharmaceuticals industry.

Recent Developments

  • In April 2020, to fulfill the health needs coming from the COVID-19 epidemic, Vitality Wellness, located in New Zealand, introduced their immune health supplement manufactured from blackcurrants.

Regional Landscape

Asia Pacific led the global blackcurrant seed oil market with over 39 percent of the shares. Asia is one of the major blackcurrant seed oil manufacturing regions. Also the demand for this product is high in the local market. China and Japan are the major revenue contributing countries whereas, India is the fastest-growing market for blackcurrant seed oil in the region. The blackcurrant seed oil market in Europe is expected to grow at a rapid rate. This is attributed to the increasing use of blackcurrant seed oil in the cosmetic industry. Besides, due to its medicinal applications, many pharmaceutical companies in the region are focusing on the commercialization of blackcurrant seed oil.

Competitive Landscape

Some of the key players in the global blackcurrant seed oil market include ConnOils LLC, Nutraceutical Corporation, NOW FOODS, Botanical Beauty co., Vando Naturals, Dève Herbes, NUSAPURE, NutriONN, Swander Pace Capital, and PARAS PERFUMERS.

Global blackcurrant seed oil market is segmented as follows:

By Type

  • Organic
  • Conventional

By Form

  • Liquid
  • Gel Capsules

By Application

  • Cosmetics & Personal Care Products
  • Pharmaceuticals Products

By End User

  • Households
  • Cosmetics & Personal Care Industry
  • Pharmaceuticals Industry

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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FrequentlyAsked Questions

Because blackcurrant seed oil has a large number of fatty acids, it is recommended to use it as a reparative agent when the skin has been damaged by a severe action such as laser treatment or sunburn. Alpha and gamma-linolenic acid, as well as stearidonic acid, are highly unsaturated fatty acids found in blackcurrant seed oil. Aside from such skin-beneficial acids, the blackcurrant seed oil is also recognized to have anti-inflammatory properties. Eczema can also be treated using blackcurrant seed oil. Besides, blackcurrant seed oil's outstanding therapeutic characteristics make it ideal for use as a healing oil. Blackcurrant seed oil is also used in anti-aging treatments and face oils in cosmetics. It has been discovered that blackcurrant seed oil is excellent for mature and hyper-sensitive skin as well. As people are willing to spend money on beauty and cosmetics products its demand grows, so does the demand for substances like blackcurrant oil. As a result, blackcurrant oil sales in the cosmetics business are soaring.

According to the Zion Market Research report, the global blackcurrant seed oil market is predicted to grow with a compound annual growth rate (CAGR) of around 4.9 percent.

Asia Pacific led the global blackcurrant seed oil market with over 39 percent of the shares. Asia is one of the major blackcurrant seed oil manufacturing regions also the demand for this product is high in the local market. China and Japan are the major revenue contributing countries whereas, India is the fastest-growing market for blackcurrant seed oil in the region.

 

 

Some of the key players include ConnOils LLC, Nutraceutical Corporation, NOW FOODS, Botanical Beauty co., Vando Naturals, Dève Herbes, NUSAPURE, NutriONN, Swander Pace Capital, and PARAS PERFUMERS.

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