Blackcurrant Seed Oil Market to Grow with a CAGR of 8.2% Globally through 2029

Global Blackcurrant Seed Oil Market is propelled by health and wellness trends, expanding applications in cosmetics and personal care, and its functional use in food and beverages.

 

According to TechSci Research report, “Global Blackcurrant Seed Oil Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, Global Blackcurrant Seed Oil Market was valued at USD 20.79 million in 2023 and is expected to reach USD 33.29 million by 2029 with a CAGR of 8.2% during the forecast period. The global blackcurrant seed oil market has been steadily growing in recent years, driven by increasing awareness of its health benefits and diverse applications across industries. Blackcurrant seed oil, extracted from the seeds of the Ribes nigrum plant, is renowned for its rich content of essential fatty acids, antioxidants, and vitamins. Its wide array of health-promoting properties has spurred its demand in the pharmaceutical, cosmetic, and food industries.

The blackcurrant seed oil market has witnessed significant expansion due to rising consumer interest in natural and organic products. The oil's high content of gamma-linolenic acid (GLA) and other polyunsaturated fatty acids has made it a sought-after ingredient in supplements aimed at promoting heart health, skin nourishment, and overall well-being.Several factors contribute to the growth of the global blackcurrant seed oil market. The increasing prevalence of lifestyle-related health issues such as cardiovascular diseases, coupled with the growing demand for natural and plant-based remedies, has fueled the adoption of blackcurrant seed oil supplements. Despite its growing popularity, the blackcurrant seed oil market faces challenges. Variability in seed quality, limited availability of raw materials in certain regions, and fluctuations in oil prices due to seasonal factors can impact the market's stability. Moreover, the extraction process and storage conditions significantly affect the oil's quality, posing challenges for manufacturers to maintain consistent standards. The market for blackcurrant seed oil varies across regions. Europe, particularly countries like Poland, France, and the United Kingdom, dominates the production and consumption of blackcurrants, thereby contributing significantly to the global market. However, increasing cultivation in regions like New Zealand and parts of Asia-Pacific indicates a shift in the market dynamics. The blackcurrant seed oil market can be segmented based on application into pharmaceuticals, cosmetics, food supplements, and others. Each segment showcases unique growth patterns and demand drivers. For instance, the pharmaceutical sector values blackcurrant seed oil for its anti-inflammatory properties and its potential in managing conditions like arthritis and skin disorders. The market is characterized by the presence of several key players and numerous small to medium-sized manufacturers. Companies are focusing on research and development to introduce innovative products and improve extraction techniques, thereby gaining a competitive edge. Some prominent players in the market include New Zealand Extracts, Blackcurrant New Zealand, and NOW Foods, among others. The future of the blackcurrant seed oil market appears promising, driven by ongoing research that continues to unveil new health benefits associated with its consumption. Innovations in extraction methods, increased awareness through marketing initiatives, and the expanding application spectrum across various industries are anticipated to further boost market growth.

 

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 The global blackcurrant seed oil market is segmented into form, application, distribution channel, and region. The market is segmented based on distribution channel into online and offline. The online marketplace has emerged as a significant player in the global blackcurrant seed oil market, showcasing substantial influence and contributing significantly to the industry's growth and accessibility. Blackcurrant seed oil, derived from the seeds of the blackcurrant berry, holds immense value in the realm of health and wellness due to its rich composition of essential fatty acids, antioxidants, and other beneficial compounds. The advent of e-commerce platforms has revolutionized the accessibility of blackcurrant seed oil to consumers worldwide. Online retail channels offer a convenient platform for buyers to access a wide array of products, including blackcurrant seed oil, from various global suppliers. This accessibility transcends geographical barriers, allowing consumers to procure high-quality oils conveniently from the comfort of their homes. The online market for blackcurrant seed oil presents a diverse array of products, catering to different consumer preferences and needs. With a multitude of brands, concentrations, and formulations available, consumers have the flexibility to select oils that suit their specific health and wellness requirements. This global reach empowers consumers to explore and choose from a broader range of options than what may be available locally. Online platforms serve as hubs for educational resources and information about blackcurrant seed oil. Detailed product descriptions, reviews, and educational content about the oil's health benefits and uses empower consumers to make informed purchasing decisions. This wealth of information fosters consumer awareness about the oil's nutritional value, encouraging its incorporation into wellness routines. The online market's reach extends beyond traditional brick-and-mortar stores, facilitating the penetration of blackcurrant seed oil into regions where access to such specialized products might otherwise be limited. This expanded accessibility contributes to the oil's increased usage and popularity among health-conscious consumers globally. Online platforms have facilitated the globalization of blackcurrant seed oil by connecting consumers with suppliers and producers from various regions. This globalization addresses the rising demand for natural and nutrient-rich supplements and aligns with consumers' growing preference for products derived from natural sources to support overall health and well-being. The significance of the online market in the global blackcurrant seed oil industry is poised for continual growth. As consumer awareness about the benefits of natural supplements grows and online shopping becomes more ubiquitous, the online marketplace is expected to play an increasingly pivotal role in shaping consumer access, preferences, and the overall expansion of the blackcurrant seed oil market.

Major companies operating in global Blackcurrant Seed Oil market are:

• Nutraceuticals Group Europe Ltd.
• CoreFX Ingredients
• CHATEAU Cosmetics botanical beauty
• Vando Naturals
• Dève Herbes
• NOW Health Group, Inc.
• Bioriginal Food & Science Corp
• EPC Group
• Nusapure
• Paras Perfumers 

 

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“The global blackcurrant seed oil market is witnessing robust growth owing to increased consumer preference for natural products and the oil's diverse health benefits. Despite facing challenges related to raw material quality and market fluctuations, the market is poised for expansion driven by advancements in technology, changing consumer preferences, and a growing inclination towards wellness-oriented lifestyles.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Blackcurrant Seed Oil Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Form (Liquid and Gel Capsules), By Application (Cosmetics & Personal Care Products and Pharmaceutical Products), By Distribution Channel (Online and Offline), By Region, By Competition, 2019-2029F, has evaluated the future growth potential of global blackcurrant seed oil market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global blackcurrant seed oil market.

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