Global Blackcurrant Concentrate Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Blackcurrant Concentrate Market 2021 (Includes Business Impact of COVID-19)

Global Blackcurrant Concentrate Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global blackcurrant concentrate market report has been segmented on the basis of type, application, and region.
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Global Blackcurrant Concentrate Market: Overview


Blackcurrant concentration is a great source of potassium, Vitamin C, Iron, insoluble and soluble fiber, and essential carbohydrates to provide the energy. This concentrate is produced by extraction of blackcurrant by clarification, filtration, and evaporation process of the juice. Blackcurrant concentrate contains gamma-linolenic acid, anthocyanin, and omega-6 fatty acid. It has several health benefits as it is a natural source for vitamin C and contains phosphorous, potassium, manganese, magnesium, and nutrients which includes carbohydrates and fiber.


Global Blackcurrant Concentrate Market: Dynamics


Increasing adoption of blackcurrant concentrate in various end-use industries such as cosmetics, pharmaceutical, food & beverage, etc. in developing and developed countries is a major factor drive growth of the global market in the next few years. Increasing demand for blackcurrant concentrate is a good source of antioxidants, vitamins, and helps the immune system, lowers blood cholesterol and others are some factors estimated to drive growth of the target market. In addition, the increasing popularity of nutritional food, dietary supplements, and organic food products among individuals is projected to boost growth of the global market in the next few years. Moreover, growing demand for blackcurrant concentrate for the preparation of medicines in the pharmaceutical industry is projected to drive growth of the global market in the next 10 years.

However, side effects of blackcurrant concentrate consumption to some of the people such as constipation, headache, diarrhea, gas, and belching due to the presence of gamma-linolenic acid in the concentration is a factor anticipated to hamper the global market over the next few years.


Global Blackcurrant Concentrate Market: Segment Analysis


Among the type segments, the liquid form concentrate segment is projected to account for significant revenue share in the global market in the next few years.

Among the application segments, the food & beverages segment is anticipated to account for major revenue share in the target market during the forecast period. High demand for blackcurrant concentrate for making confectionery and bakery products in the food & beverages industry in developing countries is projected to drive the growth of the segment.


Global Blackcurrant Concentrate Market: Region Analysis


The Asia Pacific market is to account for a major share in terms of revenue in the global market during the forecast period. Increasing demand for blackcurrant concentrates from the food & beverage, cosmetics, and pharmaceutical industries in countries such as Japan, China, and India is expected to drive growth of the Asia Pacific blackcurrant market.

North America market is projected to register a significant growth rate in the global market in the next few years. Rising awareness regarding health benefits associated with blackcurrant concentrate in countries such as the US and Canada is projected to support growth of the target market in North America. The blackcurrant concentrate market in Europe is projected to register a steady growth rate in the global market.


Below are the active patents related to Blackcurrant Concentrate Market.


Patent Number: US6967032B2

Product

Abstract

An orally ingestible composition comprising a coated spray-dried material comprising at least four anthocyanins, at least one of which is a monosaccharide and at least one of which is a disaccharide and a process for its production.

Application File Date: 2002-05-15

Application Granted Date: 2005-11-22

Current Assignee: Medpalett Pharmaceuticals AS

Patent Number: US20130000519A1

Natural Crystalline Colorant and Process for Production

Abstract

A crystalline pigment or colorant composition having high color intensity and/or low sugar content, and methods and processes of preparation. The composition may comprise purified fruit and/or vegetable color juices.

Application File Date: 2012-06-28

Application Granted Date: 2014-07-29

Current Assignee: US8293299B2

Containers and methods for dispensing multiple doses of a concentrated liquid, and shelf stable Concentrated liquids

Abstract

Containers and methods are provided for dispensing a liquid concentrate utilizing one or more desirable properties including a generally consistent discharge across a range of squeeze forces, a generally consistent discharge with the same force without significant dependence on the amount of liquid concentrate in the container, a substantially dripless or leak proof outlet opening, a jet that minimizes splashing when the liquid concentrate impacts a target liquid, and a jet that maximizes mixing between the liquid concentrate and the target liquid to produce a generally homogenous mixture without the use of extraneous utensils or shaking. Also provided are liquid beverage concentrates that can be cold filled during packaging while maintaining shelf stability for at least about three months at ambient temperatures. Concentrates are provided having low pH, with or without alcohol, and with buffers to allow for increased acid content at a selected pH.

Application File Date: 2011-12-30

Application Granted Date: 2012-10-23

Current Assignee: Kraft Foods Global Brands LLC

Global Blackcurrant Concentrate Market Segmentation:

Segmentation by type:

  
Liquid form concentrate
  
Powdered form concentrate
  
Puree form Concentrate
  
Others (Clear form concentrate and Frozen form concentrate)

Segmentation by application:

  
Pharmaceuticals
  
Food and beverages
  
Cosmetics


Key Market Players included in the report:


  
AGRANA Beteiligungs-AG
  
Ariza
  
Blackcurrant New Zealand Inc
  
Cosmetics
  
CropPharms
  
Mapro Foods Pvt. Ltd
  
Pharmaceuticals
  
Sums Fruits
  
VAPABLE LTD


Below are the key development related to Blackcurrant Concentrate Market in 2020 and 2021.


April 2021: Mcvitie’s Launch Brand-new Jaffa Cakes Blackcurrant Flavour. McVitie’s continue to delight fans as they unveil yet another fruity and juicy flavour to join the Jaffa Cakes range; new Berry Cool Blackcurrant flavour. Bursting with flavour, this berr-illiant new edition invites ‘Jaffanatics’ on yet another mysterious, tangy and delicious taste adventure. Like its fellow flavours, the new twist still has the triple treat of McVitie’s Jaffa Cakes; a tangy blackcurrant flavour centre, layered with crackly dark chocolate and a light sponge base. Source

February 2021: Tanqueray launches blackcurrant gin. High-end gin brand Tanqueray is hoping to capitalise on the flavoured gin boom with the launch of a blackcurrant expression called Blackcurrant Royale. Source 

November 2020: Riga Black unveils chocolate and mint-flavoured liqueur. Herbal liqueur brand Riga Black Balsam has extended its range with a chocolate and mint-flavoured expression. The limited edition Riga Black Balsam Chocolate & Mint has notes of “milk chocolate and sweet peppermint”. The expression is bottled at 30% ABV, the same strength as the brand’s blackcurrant and cherry-flavoured variants. As Riga Black Balsam represents one of the oldest beverage categories in the world, the way it is consumed has changed: from being enjoyed as a shot, as an aperitif, or with coffee through to countless cocktail variations nowadays. Source