Blackcurrant Concentrates Market Analysis, Size and Industry Report 2023-2030

Blackcurrant Concentrates Market Size

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.

A notable trend in the blackcurrant concentrates market is the growing popularity of natural and clean-label products. Consumers are increasingly seeking products with minimal additives and artificial ingredients. This trend aligns with the broader movement in the food and beverage industry towards cleaner and more transparent labels.

The blackcurrant concentrates market is experiencing growth within the food and beverage sector, driven by factors such as increasing health consciousness, a demand for natural antioxidants, and a preference for functional foods. Blackcurrant concentrates, with their rich flavor, nutritional benefits, and potential immune-boosting properties, are gaining popularity. This trend contributes to the expansion of the market size and an increase in market share.

Nutritionally, blackcurrants are a valuable source of essential nutrients. One cup or 112 grams of blackcurrants contains 71 calories, 202.7 mg of Vitamin C, and 258 IU of Vitamin A. Blackcurrants are known for their flavonoids and strong antioxidant properties, which may contribute to maintaining cardiovascular health. The presence of anthocyanins in blackcurrants has been associated with a decrease in total cholesterol and LDL levels, along with an increase in serum HDL (good) cholesterol levels. These nutritional benefits further contribute to the appeal of blackcurrant concentrates in the market.

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Market Dynamics

One significant challenge faced by the blackcurrant concentrates market is supply chain disruptions. Factors such as fluctuations in raw material availability, unpredictable weather conditions, and transportation challenges can impact the production and distribution of blackcurrant concentrates. These disruptions may lead to limited product availability and increased costs, affecting both the market size and market share of blackcurrant concentrates.

The inability to meet the growing 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 poses a hindrance to the overall growth potential of the market, limiting its capacity to meet the increasing demand from health-conscious consumers seeking antioxidant-rich products. The blackcurrant concentrates market needs to address and mitigate these supply chain challenges to sustain growth and remain competitive in the market.

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Market Segmentation

By Type
Liquid Form Concentrate
Powdered Form Concentrate
Puree Form Concentrate
Others

By Application
Pharmaceuticals
Food and Beverages
Cosmetics

Market Key Players
Major players are 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.

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