Global Black Currant Powder Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

Black Currant Powder Market Analysis

The black currant powder market is expected to grow as consumer interest in health and wellness continues to rise. Innovation in product applications and increasing availability through online and retail channels will likely drive market expansion. Emphasis on sustainable and organic practices may also influence future market dynamics, Black currant powder, derived from the fruit of the black currant bush, is valued for its high antioxidant content and potential health benefits. The market for black currant powder is influenced by various factors including consumer health trends, product applications, and regional demand thereby driving market growth.

Black Currant Powder Market Size

Global black currant powder market size was valued at USD 1.93 billion in 2023 and is projected to reach USD 3.63 billion by 2031, with a CAGR of 8.20% during the forecast period of 2024 to 2031.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Black Currant Powder Market Trends

“Rise of Organic and Non-GMO”

The rise of organic and non-GMO products is significantly influencing the black currant powder market. This shift is driven by growing consumer demand for health, sustainability, and ethical considerations. Companies that embrace these trends by offering organic and non-GMO black currant powder, ensuring transparency in their practices, and effectively communicating the benefits to consumers are well-positioned to succeed in this evolving market.

For instance, advances in agricultural techniques have led to more efficient and higher-yielding black currant farming. Modern farming practices include better soil management, pest control, and optimized harvesting methods, which ensure a consistent supply of high-quality black currants. Breeding programs have developed new black currant varieties with improved attributes such as higher anthocyanin content, better disease resistance, and enhanced flavor. These advancements have contributed to the increased nutritional value and quality of black currant powder.

Report Scope and Black Currant Powder Market Segmentation        

Black Currant Powder Market Definition

Black currant powder is a finely ground substance derived from dried black currants (Ribes Nigrum), a type of dark purple berry known for its high nutritional and antioxidant content. The powder is produced through a process that involves drying and grinding the berries, resulting in a concentrated form of the fruit that retains many of its beneficial properties.                   

Black Currant Powder Market Dynamics

Drivers  

• Rising Health Consciousness

Consumers are increasingly aware of the health benefits associated with black currant powder, such as its high vitamin C content, antioxidant properties, and potential benefits for immune support, cardiovascular health, and eye health. This growing health consciousness drives demand for nutrient-dense supplements and functional foods.  There is a rising trend towards preventive health measures, with consumers seeking products that help boost immunity and overall wellness. Black currant powder, with its high antioxidant content, fits well into this preventive health approach  

•  Growth of Functional Foods and Beverages     

The demand for functional foods and beverages is increasing as consumers look for products that provide health benefits beyond basic nutrition. Black currant powder is used in a variety of functional foods and beverages, including smoothies, energy bars, and dietary supplements, to enhance their nutritional profile. Continuous innovating to create new products that incorporate black currant powder, appealing to health-conscious consumers and expanding its market presence.

Opportunities

• Growth in Dietary Supplements

The dietary supplement market continues to grow, and black currant powder can be used to create customized supplements. This includes capsules, tablets, and powdered supplements tailored to various health needs, such as immunity, anti-aging, and cardiovascular support. There is an opportunity to develop combination supplements that pair black currant powder with other popular ingredients such as probiotics, omega-3 fatty acids, or vitamins for enhanced health benefits.  

• Expansion into Cosmetics and Skincare

Black currant powder's high antioxidant content makes it a valuable ingredient for skincare products. Opportunities exist to develop cosmetics and skincare formulations that leverage its anti-aging and anti-inflammatory properties. Combining black currant powder with other beauty-enhancing ingredients can create nutraceutical products that support both internal health and external appearance. 

Restraints/Challenges

•      Limited Raw Material Supply

Blackcurrants are seasonal fruits, and their availability can be limited to specific times of the year. This seasonality can affect the consistent supply of raw materials for black currant powder production. The cultivation of black currants is sensitive to climate conditions. Adverse weather events, such as extreme temperatures or droughts, can impact crop yields and availability. The market for health and wellness products, including superfoods and dietary supplements, is highly competitive. Black currant powder faces competition from other superfoods and antioxidants, such as acai berries, blueberries, and goji berries.    

• Quality Control and Consistency

Maintaining consistent quality and purity of black currant powder is essential. Variability in raw material quality and processing methods can affect the final product’s consistency. There is a risk of contamination during processing, storage, and transportation. Ensuring rigorous quality control measures to prevent contamination and preserve the product’s integrity is essential. Consumer preferences and trends in the health and wellness industry can shift rapidly. Staying aligned with current trends and consumer demands requires continuous product innovation and adaptation.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Black Currant Powder Market Scope

The market is segmented on the basis of nature, end user, distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Nature

• Organic
• Conventional

End-User

• Food and Beverages
  • Bakery
  • Dessert and Ice cream
  • Sauces and Seasonings
  • Flavoring and Coatings
  • Sports Drinks
  • Functional Beverages
• Personal Care and Cosmetics
• Pharmaceuticals
• Dietary Supplements
• Others

Distribution Channel

• Offline
  • Supermarkets & Hypermarkets
  • Specialty Stores
  • Convenience Stores
  • Others
• Online
  • E-commerce Websites
  • Company Websites

Global Black Currant Powder Market Regional Analysis

The market is analyzed and market size insights and trends are provided by country, product, material, end-user, distribution channel as referenced above.

The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

North America is expected to dominate the market due to driven the powdered blackcurrants market has been a big market due to increasing health awareness and demand for functional foods.

Asia-Pacific is expected to be the fastest growing along with the health-conscious trend in superfoods. The demand for innovative products to suit local tastes thus puts domestic players at the lead.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Black currant Powder Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Black Currant Powder Market Leaders Operating in the Market Are:

• Arctic Power Berries (U.K.)
• LOOV Organic LLC (U.S.)
• LYOFOOD Sp. z o.o. (Poland)
• VDF FutureCeuticals, Inc. (U.S.)
• CURRANTC (U.S.)
• Whitestone Mountain Orchard (U.S.)
• NutriCargo LLC. (U.S.)
• Artemis International – Specialists in Berryceuticals (U.S.)

Latest Developments in Black currant Powder Market

• In March 2024, LOOV Food presented a new range of organic Black currant powder, focusing on health benefits and different ways to use it.
• In January 2024, FutureCeuticals has announced the acquisition of Arctic Power Berries, to further diversify its product line and expand its position in the Black currant powder market in support of sustainable sourcing and innovation.

SKU-72660