Industry Background:
Blackcurrant powder is made from the entire fruit, including the skin, seed, and pulp. In dried powdered form, this powder has the same nutritional content as fresh blackcurrants. When compared to fresh blackcurrants, they may be utilized and stored for a longer amount of time. Blackcurrant powder has various health benefits, including boosting the immune system, promoting metabolism, aiding in the treatment of skin problems, and providing anti-aging benefits. It also aids in the restoration of bone mineral levels, the improvement of the digestive system, and the treatment of arthritis and anemia. The volume of blackcurrants imported from the European Union to Spain in 2020, by country Portugal: 79 (In metric tons), France: 78 (In metric tons), Poland: 20 (In metric tons), Italy: 14 (In metric tons), Germany: 9 (In metric tons)This growth is primarily driven by Increase in Awareness about Healthy and Natural Ingredients among Consumers
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Arctic power berries (United Kingdom), LYO FOOD Sp. (Poland), Future Ceuticals (United States), Z Natural Foods, LLC (Florida), Active Micro Technologies, LLC (New York), Waitaki Bio (Zealand), ConnOils LLC (United States), Northwest Wild Foods (United States), Cooke Aquaculture (Canada) and Van Drunen Farms (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, Confoco SA, a global leader in tropical fruit flakes and powders, purchased Diana to strengthen its position in the baby food business. and In 2020, Naturex, a company specializing in the production of fruits and vegetable powder and natural color for the food and beverage sector, was bought by Valentine, an Indian company.
On 6th July 2020, New Zealand sports nutrition firm 2before Performance Nutrition has launched a blackcurrant powder beverage that enhances exercise performance and recovery by providing a balanced amount of pro and antioxidants.The market for fruit powder is highly fragmented several members of small and medium-sized local competitors owning a considerable market share. Kanegrade Ltd and Dohler Group are two of the best-performing companies in the market. Paradies Frucht GmbH and NutraDry are two more key participants in the sector. and Players are concentrating their efforts on developing their production capacities to meet domestic demand. The market has become more competitive as a result of growing private label players, distribution channel consolidation, and market penetration by wholesale and retail customers. In addition, these corporations are purchasing other small ingredient companies to expand their global reach.
Regulatory Insights:
In the United States, blackcurrant powder is regulated by the Food and Drug Administration (FDA) as a dietary supplement. The FDA requires that dietary supplements, including blackcurrant powder, meet certain labeling and safety requirements before they can be marketed and sold to consumers.
Influencing Trend:
Improved Application in the Beverage Industry and New and Advanced technologies for blackcurrant extraction and processing
Market Growth Drivers:
Increase in Awareness about Healthy and Natural Ingredients among Consumers, Increasing demand for blackcurrant powder among cosmetic manufacturers in the production of various cosmetics and personal care products and Increasing investment in R&D activities
Challenges:
Lack of awareness and Supply chain leads to availability and price fluctuations
Restraints:
Reduction in the production of blackcurrants and Large usage of blackcurrant powder gives side effects of several diseases
Opportunities:
Changing Consumers’ angle toward organic products
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Blackcurrant Powder Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Blackcurrant Powder Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Blackcurrant Powder players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Blackcurrant Powder Study Sheds Light on
The Blackcurrant Powder Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Blackcurrant Powder industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Blackcurrant Powder industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.