About Blackcurrant Concentrate
Blackcurrant concentrate or juice is used in various food applications such as bakery products, supplements juice, etc. It is widely used around European counties. The blackcurrant concentrate provides vitamin C along with antioxidants and anthocyanins in the body helping strengthen the immune system if consumed properly. This concentrate is available in liquid, powdered, and puree form in the supermarket, online stores, etc.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United Kingdom Vendors will contribute the maximum growth to Global Blackcurrant Concentrate market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ariza b.v. (Netherlands), Kiril Mischeff (United Kingdom), Blackcurrants New Zealand Inc. (New Zeland), Agrana Group (Austria), Billington Food (United Kingdom), Mapro Foods Pvt Ltd (India), Lemonconcentrate S.L.U (Spain), Natural Health Products NZ (New Zealand), AGRANA Beteiligungs-AG (Austria) and Blackcurrant New Zealand Inc. (New Zealand) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Blackcurrant Concentrate market by Type (Organic Blackcurrant Concentrate and Conventional Blackcurrant Concentrate), Application (Cakes, Ice Cream, Juices, Nutritional Supplements and Others) and Region.
On the basis of geography, the market of Blackcurrant Concentrate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Supermarket will boost the Blackcurrant Concentrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Liquid Form Concentrate will boost the Blackcurrant Concentrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industry, the sub-segment i.e. Food and Beverages will boost the Blackcurrant Concentrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Consumption of Liquid Form Blackcurrant Concentrate
Market Growth Drivers:
Growing Number of Food Application of Blackcurrant and Demand for Healthy Juice and Beverages
Challenges:
Regulatory Guidelines on the production and Labeling of the Blackcurrant Concentrate Products
Restraints:
Allergy and Side Affects related to Consumption of Blackcurrant Concentrate to Some People
Opportunities:
Easy Online Availability of Blackcurrant Concentrate and Surging Demand for Blackcurrant Concentrate in Bakery Products Applications
Market Leaders and their expansionary development strategies
In May 2023, Food ingredients supplier Kiril Mischeff has acquired Good Food Wines for an undisclosed sum. with the company continuing to trade as Good Food Wines.
In March 2021, PepsiCo’s Naked Juice brand has launched two new smoothies in the UK, Naked Rainbow Machine and Naked Berry Lean. Naked Rainbow Machine features a mix of fruits and vegetables including red apple, mango, kiwi, blackberries, blueberries, banana, beetroot and elderberry, and incorporates vitamins C, E, B1, B2 and B6.
"The Reference Guideline for Blackcurrant Juice/Purée seeks to define various acceptability parameters for blackcurrant juice/purée. They are considered as being mandatory for all blackcurrant juices marketed in the European Union. This guideline is based on pure, authentic juices, without permitted ingredients and/or additives, exhibiting the characteristic colour and flavour of the named fruit. Blackcurrant juice/purée is obtained, by definition of the EC Directive from mature and sound fruit by mechanical processes and is treated by physical means."
Key Target Audience
Blackcurrant Concentrate Manufacturers, Blackcurrant Concentrate International Traders, Blackcurrant Concentrate Distribution Channel, Potential Investors, Regulatory Bodies, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.