North America Blackcurrant Seed Oil Market was valued at USD 0.02 Billion in 2022 and is projected to reach USD 0.04 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
North America is witnessing a significant surge in the demand for Blackcurrant Seed Oil due to its vast applications across various industries. This oil, extracted from the seeds of blackcurrant berries, is recognized for its rich profile of essential fatty acids, antioxidants, and vitamins. Blackcurrant Seed Oil is widely used in skincare, haircare, nutraceuticals, and even food processing, driving its popularity across the continent.
The skincare and cosmetic industries are the leading drivers of Blackcurrant Seed Oil consumption. Known for its anti-inflammatory and anti-aging properties, this oil is highly sought after in the formulation of moisturizers, serums, and lotions. Rich in gamma-linolenic acid (GLA), it helps in reducing skin irritation, improving hydration, and promoting elasticity, making it ideal for sensitive or aging skin. This has created a robust market for Blackcurrant Seed Oil among beauty and skincare companies.
In the nutraceutical sector, Blackcurrant Seed Oil is gaining traction as a dietary supplement, prized for its high content of omega-6 fatty acids and other beneficial compounds. It is often marketed for supporting cardiovascular health, boosting the immune system, and providing anti-inflammatory benefits. The growing interest in natural supplements, especially ones that provide multiple health benefits, is fueling this trend in North America.
The demand for Blackcurrant Seed Oil in food processing is also expanding. As consumers become more health-conscious, the inclusion of such oils in food products like snacks, beverages, and supplements is becoming increasingly common. The oil’s high antioxidant properties make it a valuable addition to functional foods and beverages aimed at improving overall health.
Furthermore, industries involved in the production of haircare products are tapping into Blackcurrant Seed Oil's ability to nourish and protect hair, enhancing hair strength and reducing breakage. This is another factor driving the growing popularity of the oil in North America.
In summary, the North America Blackcurrant Seed Oil Market is poised for significant growth, driven by rising demand across industries like skincare, nutraceuticals, food processing, and haircare. The versatility and health benefits of Blackcurrant Seed Oil are key factors contributing to its increasing presence in various consumer products.
North America Blackcurrant Seed Oil Market
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Irwin Naturals
Garnier
Mrs Meyers
Nature's Plus
Revlon
Health From The Sun
Just Nutritive
NOW
Primavera Life
Reference of Sweden
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Blackcurrant Seed Oil Market
Food
Cosmetic
Pharmaceutical
Other
Based on Types the Market is categorized into Below types that held the largest Blackcurrant Seed Oil market share In 2023.
Food Grade
Pharmaceutical Grade
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Blackcurrant Seed Oil Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Blackcurrant Seed Oil Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Blackcurrant Seed Oil Market, By Type
6. North America Blackcurrant Seed Oil Market, By Application
7. North America Blackcurrant Seed Oil Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Blackcurrant Seed Oil Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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