About Black Currant Oil
Black Currant Oil is known as essential oil. It is derived from the black current seeds. Black currant seed oil is used for high levels of cholesterol. Black currant berries are used for eye disorders. Black currant seed oil contains a chemical called gamma-linolenic acid (GLA). GLA might also help decrease swelling. Black currant also contains chemicals called anthocyanins, which have antioxidant effects. There is interest in these chemicals to prevent skin aging and wrinkles. Its additives properties are essential for using Black Currant Oil in personal care products. Hence, rising demand from end use industry has created growth opportunities for the Black Currant Oil market.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market of Black Currant Oil is expected to grow with rising demand from end use industries. Several companies are operating in the market to provide Black Currant Oil with number of health benefits. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Black Currant Oil 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.
Caribbean Natural (United States), EPC Natural Products (Germany), Aromtech Oy (Finland), OQEMA(Germany), Esperis (Italy), Northstar Lipids (United Kingdom), Biocosmethic (France), AandA Fratelli Parodi (Spain), Dow (United States) and Shenyang Phytocare Ingredients (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Black Currant Oil market by Type (Concentrated Black Currant Oil and Virgin Black Currant Oil), Application (Personal Care Products, Nutritional Supplements and Others) and Region.
On the basis of geography, the market of Black Currant Oil 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 Nature, the sub-segment i.e. Organic will boost the Black Currant Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel , the sub-segment i.e. Online will boost the Black Currant Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Preference for Black Currant Oil in Personal Care Products
Market Growth Drivers:
Growing Awareness regarding Medicinal Benefits of Black Currant Oil Has Created Demand and Increasing Demand for Essential Oils
Challenges:
Fluctuation in Pricing & Availability of Raw Material
Restraints:
Adverse Effects on Health like Skin Allergy
Opportunities:
Growing Inclination towards Addition of Black Currant Oil in Many Personal Care Products owing to its Moisture Barrier Properties Has Created Growth Opportunities
Market Leaders and their expansionary development strategies
In December 2022, InnoVida, a leading supplier of Black Currant Oil ingredients, announced its merger with Nature's Answer, a pioneer in high-quality herbal supplements. The merger will create a global leader in the Black Currant Oil industry, with a combined market share of over 50%.
In October 2023, Nordic Naturals, a leading manufacturer of fish oil supplements, announced the launch of its new Black Currant Oil product, Nordic Berry Complete. The product combines Black Currant Oil with other beneficial berries, such as acai and blueberry, to provide a comprehensive source of antioxidants and other nutrients.
Key Target Audience
Black Currant Oil Manufacturers, Black Currant Oil Suppliers/Distributors, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
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.