Global Blackcurrant Seed Oil Market Overview:
The functional properties of blackcurrant seed oil are similar to those of vegetable oils. In the cosmetic and pharmaceutical sectors, blackcurrant seed oil is commonly used. Blackcurrant seed oil is used in cosmetics to soften and condition the skin. High blood pressure, high cholesterol, rheumatoid arthritis, and other illnesses are all treated with blackcurrant seed oil. Blackcurrant seed oil is used as a flavoring agent in liquors and other foods such as ice cream and jams in the food and beverage industry. The demand for fruit seed oils is being driven by a rise in consumer awareness of natural ingredients and increased promotion of these natural ingredients.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (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 |
Influencing Trend:
Rising Consumer's Inclination Toward Organic Products
Market Growth Drivers:
Used in Cosmetics and Personal Products and Helps in the Treatment of Arthritis & Anemia, and thus is taken as a Health Supplement
Challenges:
High Cost of Blackcurrant Oil
Restraints:
Reduction in the Production of Blackcurrants
Opportunities:
Increase in Demand for Natural & Organic Cosmetics and Rise in Disposable Income of Consumers
Competitive Landscape:
Manufacturers of blackcurrant seed oil may adopt various competitive strategies to gain a competitive advantage and increase market share such as Product differentiation, research and development, and partnership. Apart from this, profitable acquisitions and mergers help firms maintain their competitive edge.
Some of the key players profiled in the report are Nutraceutical Corporation (United States), ConnOils LLC (United States), Vando Naturals (United States), Dève Herbes (India), NOW FOODS (United States), NutriONN (United States), Swander Pace Capital (United States), NUSAPURE (United States) and PARAS PERFUMERS (India). Analyst at AMA Research see United States Vendors to retain maximum share of Global Blackcurrant Seed Oil market by 2028.
Latest Market Insights:
Many manufacturers are obtaining organic and non-GMO certifications for their blackcurrant seed oil products to meet the growing demand for natural and sustainable products.
In the European Union, blackcurrant seed oil is regulated under the Cosmetics Regulation and the Novel Food Regulation. The Cosmetics Regulation sets requirements for the use of blackcurrant seed oil in cosmetic products, including labeling requirements and restrictions on certain ingredients. The Novel Food Regulation requires that any new or novel food, including blackcurrant seed oil, undergo a safety assessment by the European Food Safety Authority (EFSA) before it can be marketed and sold in the EU.
What Can be Explored with the Blackcurrant Seed Oil Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Blackcurrant Seed Oil Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Blackcurrant Seed Oil
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Blackcurrant Seed Oil market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Blackcurrant Seed Oil market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Blackcurrant Seed Oil Manufacturing Companies, Potential Investors, Government Institutes, Research Institutes, Market and Research Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.