Global Blackcurrant Concentrate Market - Forecast(2023 - 2028)

Global Blackcurrant Concentrate Market Overview

The Global Blackcurrant Concentrate market size is estimated to reach $3,590 million by 2027. Furthermore, it is poised to grow at a CAGR of 8.5% over the forecast period of 2022-2027. The blackcurrant is a tiny fruit belonging to the Grossulariaceae family. It is loaded with vitamin C as well as other antioxidants including quercetin, anthocyanins, and catechol, which aid in the prevention of chronic diseases like cancer. It is having a high concentration of linolenic acid. Salicylic acid, found in blackcurrant leaves, helps to treat acne and pimples when applied directly to the skin. The juice of black currants is used to make blackcurrant concentrate. Water and sugar are added during the fruit processing to make it ready for usage in particular foods and beverages. It can be used to taste, colour, and aromatize other foods while they are being prepared. A blackcurrant-based natural drink Ribena is a famous brand in the United Kingdom, and blackcurrant concentrate adds the flavour of natural blackcurrant to any food or beverage. It's commonly utilised in the production of soft drinks, jams, marmalades, gelatins, and syrups, among other things supporting the Global Blackcurrant Concentrate industry.

Report Coverage

The report: “Global Blackcurrant Concentrate Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Global Blackcurrant Concentrate Market

By Type- Liquid Form Concentrate, Powdered Form Concentrate, Puree Form Concentrate, Others
By Application- Pharmaceuticals, Food and Beverages, Cosmetics
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

• The increased demand for concentrates and puree form concentrates, as well as their use as ingredients in various food products, can be contributed to the market's rise.
• This industry is also developing due to the rising demand for concentrates among pharmaceutical businesses.
• Furthermore, over the next decade, rising consumer knowledge of the health benefits of blackcurrants will fuel demand for these goods.
• A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Global Blackcurrant Concentrate Market Report.

Blackcurrant Concentrate Global Market - Geography (%) for 2021.

Global Blackcurrant Concentrate Market Segmentation Analysis- By Type

The Global Blackcurrant Concentrate Market based on type can be further segmented into Liquid Form Concentrate, Powdered Form Concentrate, Puree Form Concentrate, Others. Liquid form concentrate held a dominant market share in the year 2021. In the blackcurrant industry, liquid form concentrate is one of the most popular forms. It aids in the concentration and availability of black currants for eating. It's a concentrated type of blackcurrant juice that can be thinned up with water. Liquid concentrate's key benefit is its extended shelf life and simplicity of usage, as it can be stored for up to a year without going bad which is boosting its demand. However, Puree Form Concentrate is estimated to be the fastest-growing, with a CAGR of 9.0% over the forecast period of 2022-2027. As it is the thickened pulp that emerges from the removal of water from blackcurrant fruit juices that can be used to make a range of different goods, such as jellies and jams. Fruit juice with a high pectin concentration is used to make the puree from concentrate. This is the most common type found in juice or beverages. It has a high viscosity and contains more than 90% fruit pulp, which helps to preserve the original flavour, colour, and nutrients.

Global Blackcurrant Concentrate Market Segmentation Analysis- By Application

The Global Blackcurrant Concentrate Market based on the application can be further segmented into Pharmaceuticals, Food and Beverages, Cosmetics. In the year 2021, Food and Beverage had the most market share. The segment is expected to rise owing to the high demand for blackcurrant concentrate in the food and beverage industry in developing countries for confectionery and bakery items. Smoothies, baking, sauces, shakes, cocktails, beverages, dressings, jellies, jams, flavoured ice creams, yoghurt, curd, protein shakes, cereals, porridges, kefir, and muesli are just a few of the applications. As a result of all of these benefits, uses, and nutritional value of blackcurrant concentrate, the global market has grown. However, Cosmetics is estimated to be the fastest-growing, with a CAGR of 9.7% over the forecast period of 2022-2027 owing to its growing usage in the cosmetics industry as it is loaded with vitamin C, Vitamin A, and Antioxidants. Vitamin C is an antioxidant that protects skin cells from free radical damage caused by UV exposure. Despite the absence of scientific evidence, the National Psoriasis Foundation suggests blackcurrant seed oil to help treat psoriasis symptoms. When taken orally, blackcurrant seed oil can help to reduce the growth and development of psoriasis spots. It can also be used to treat skin that is dry, itchy, or stings. Blackcurrant seed oil is used in cosmetics to soften and condition the skin.

Global Blackcurrant Concentrate Market Segmentation Analysis- By Geography

The Global Blackcurrant Concentrate Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Asia-Pacific held a dominant market share of 36% in the year 2021. In terms of the food business, this region has a larger consumer base. The blackcurrant concentrate market has a larger consumer base in countries like China, India, and Japan. The blackcurrant concentrate market is expected to grow rapidly in these nations owing to increased awareness of many health benefits. The desire for nutritious foods is propelling the Blackcurrant Powder market to new heights. However, during the forecast period, the European region is estimated to be the fastest-growing over the forecast period of 2022-2027. The blackcurrant concentrate market's highest production base is in Denmark, France, and Germany. Owing to the strong regard for blackcurrant powder as a source of nourishing profits among customers, Europe is projected to be a quick adopter.

Blackcurrant Concentrate Global Market Drivers 

The increasing use of Blackcurrant Concentrate in skincare products is propelling the industry forward

It is high in antioxidants and vitamin C, both of which aid in skin rejuvenation. Blackcurrants also contain fibre, folate, and potassium, all of which work together to enhance the immune system and protect you from malignant cells. Blackcurrant Concentrate is utilised in a variety of cosmetics because it aids in skin lightening. It also aids in the treatment of acne by lowering facial oiliness. Second, black currant oil provides antioxidant protection by providing Vitamin C and polyphenols, which help to protect the skin from damaging free radicals found in the environment. Free radical damage to cells, particularly DNA damage, may play a role in the development of cancer and other health problems. According to the American Academy of Dermatology, Skin cancer is the most frequent cancer in the United States. According to current projections, one out of every five Americans will acquire skin cancer at some point in their lives. Every day, roughly 9,500 people in the United States are diagnosed with skin cancer. Black currant oil benefits in skincare products provide an added boost in protection and hydrating characteristics which boosts the market growth.

Rising consumer knowledge of the health benefits of blackcurrant concentrate is boosting product demand

Some of the reasons driving market expansion include rising population disposable income and rising consumer knowledge of the health benefits of blackcurrant concentrate. Blackcurrant concentrate is utilised as an energy drink by consumers in the form of juice due to its high carbohydrate content. Consumption of blackcurrant concentrate products has numerous health benefits linked with it, including antibacterial, immune system boost, and antitoxic development is also a major factor driving the blackcurrant concentrate market forward. Blackcurrant concentrate contains Vitamin C as well as anthocyanins, which help to boost the immune system of the human body. It's also high in omega-6 fatty acid, which is known as gamma-linoleic acid. Blackcurrant concentrate is not only a good source of vitamins and antioxidants, but it also has some unique properties, such as being anti-inflammatory, lowering blood cholesterol, and boosting the immune system. These properties have led to the use of blackcurrant concentrate in the pharmaceutical industry. Dietary supplements are likely to play a considerable role in the blackcurrant concentrate market.

Dr. Sam Shepherd, a Senior Lecturer in Sport and Exercise Nutrition at John Moores Liverpool University, has recently 2021 focused his research on CurraNZ, a polyphenol-rich New Zealand blackcurrant, which he believes could provide a simple way for Britons to reduce their risk of Type 2 Diabetes, improve fat burning, and reduce obesity-related inflammation. Obesity-related inflammation was shown to be reduced by 24% in overweight people examined in free-living situations, according to Dr. Shepherd's research. After just one week of taking CurraNZ, they saw a 22% improvement in their post-breakfast and lunch blood sugar levels, as well as a 22% improvement in whole-body insulin sensitivity which is boosting the market growth.

Blackcurrant Concentrate Global Market Challenges

Overuse of blackcurrant powder can cause a variety of diseases' adverse effects, which is hindering market growth:

Blackcurrant powder supplements have been linked to a variety of side effects, including blood coagulation, moderate diarrhoea, intestinal gas, and persons who are about to have surgery. According to WHO, Diarrhoeal disease was the second leading cause of death in children under five years old and was responsible for the deaths of 370,000 children in 2019. Because blackcurrant powder was a transitional host of pine blister rust, the federal government prohibited it in the United States, putting pressure on legislators to do so. This key factor is thought to be a stumbling block for the blackcurrant concentrate business. Since the plant suited trajectory for a sickness that is prone to defeating all desires in America, the United States Department of Agriculture has revoked the blackcurrant powder invention. The federal government has banned blackcurrant production, sale, and transfer to protect the snowy aches, which are posing a threat to the blackcurrant concentrate industry.

Blackcurrant Concentrate Global Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Global walnuts ingredient Market. The top 10- Blackcurrant Concentrate Global Market companies are-

1. Sums Fruits
2. Ariza
3. Blackcurrant New Zealand Inc
4. VAPABLE LTD
5. AGRANA Beteiligungs-AG
6. CropPharms
7. Mapro Foods Pvt. Ltd
8. Natural Health Products NZ
9. GoodLifeProVision
10. Cibaria International

Recent Developments:

• In April 2021, Iprona, the world's largest B2B fruit processor, has introduced CurrantCraft, a European blackcurrant extract for use in cognitive health products.
• In February 2021, Tanqueray, a gin brand owned by Diageo, has launched a blackcurrant-flavoured version in the United Kingdom. Tanqueray London Dry Gin's four botanicals are mixed with blackcurrants and vanilla in this new offering, which also includes the 'exotic floral' notes of black orchid.
• In July 2020, 2before Performance Nutrition, a New Zealand sports nutrition company, will offer a blackcurrant powder beverage that provides a balanced quantity of nutrients and antioxidants to improve exercise performance and recovery.

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