Sea Buckthorn Market
Sea Buckthorn Market Forecasts to 2030 - Global Analysis By Type (Fresh berries, Juice, Oil, Powder and Capsules and Tablets), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, and Online, By Application (Dietary Supplements, Cosmetics, Food & Beverages and Other Applications), and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $398.9 MN |
|
Projected Year Value (2030) |
US $890.7 MN |
|
CAGR (2023-2030) |
12.1% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Sea Buckthorn Market is accounted for $398.9 million in 2023 and is expected to reach $890.7 million by 2030 growing at a CAGR of 12.1% during the forecast period. Sea Buckthorn is a deciduous shrub known for its orange berries. Native to Europe and Asia, it thrives in harsh climates. The berries are rich in vitamins, antioxidants, and omega fatty acids, offering potential health benefits. Extracted oil and juice are used in skincare products and dietary supplements. Sea Buckthorn is valued for its nutritional properties, contributing to its popularity in the food, cosmetics and wellness industries.
Market Dynamics:
Driver:
Growing consumer awareness about health benefits
The Sea Buckthorn market is driven by the growing consumer awareness of its health benefits. Rich in vitamins, antioxidants, and omega-3 fatty acids, seabuckthorn is recognized for its potential to boost immunity, promote skin health and provide overall wellness. As consumers prioritize natural and functional foods, Sea Buckthorn's nutritional profile aligns with these trends, fostering increased demand for products like fresh berries, juices, oils and supplements, driving the market's growth based on perceived health advantages.
Restraint:
High production costs
The cultivation and harvesting of sea buckthorn berries require specific soil conditions and careful handling. Additionally, the extraction of seabuckthorn oil involves complex processes. These factors contribute to elevated production costs, impacting the affordability of Sea Buckthorn products.
Opportunity:
Increasing demand for natural and organic products
The increasing demand for natural and organic products presents a significant opportunity in the sea buckthorn market. As consumers prioritize health and wellness, Sea Buckthorn's natural and nutrient-rich profile aligns with this trend. The plant's potential benefits, coupled with its sustainable and eco-friendly attributes, position it favorably in the market. Manufacturers can capitalize on this consumer preference by offering Sea Buckthorn-based products, meeting the rising demand for wholesome, organic, and functional ingredients in the food, beverage, and cosmetics industries.
Threat:
Seasonal availability of sea buckthorn
The seasonal availability of Sea Buckthorn presents a challenge in the market. As the plant's berries are typically harvested during a specific season, there is a limited window for fresh production. This seasonality may lead to supply fluctuations, affecting consistent product availability. Moreover, reliance on fresh berries could impact product availability, influence pricing, and pose challenges in meeting year-round demand for Sea Buckthorn products in various industries.
Covid-19 Impact:
The Sea Buckthorn market experienced both challenges and opportunities during the COVID-19 pandemic. Disruptions in the supply chain, restrictions on transportation and shifts in consumer priorities affected the market negatively. However, increased awareness of the plant's health benefits and the demand for immune-boosting natural products led to a surge in consumer interest. The pandemic underscored the importance of functional foods, contributing to the resilience and adaptability of the seabuckthorn market.
The fresh berries segment is expected to be the largest during the forecast period
The fresh berries segment is anticipated to be the largest in the Sea Buckthorn market during the forecast period. This prominence is driven by the growing consumer awareness of the nutritional benefits of fresh Sea Buckthorn berries, which are rich in vitamins, antioxidants and minerals. The rising demand for whole, natural foods and the versatility of fresh berries in various culinary applications contribute to their leading market position, establishing them as a popular choice for health-conscious consumers.
The cosmetics segment is expected to have the highest CAGR during the forecast period
The cosmetics segment is anticipated to exhibit significant growth during the forecast period in the sea buckthorn market. This growth is attributed to the increasing demand for natural and plant-based ingredients in skincare products. Sea Buckthorn's rich nutrient profile and its potential benefits for skin health, including hydration and anti-aging properties, are driving its incorporation into cosmetic formulations. Furthermore, consumer preference for natural and sustainable beauty products is fueling the surge in sea buckthorn adoption within the cosmetics industry.
Region with largest share:
Asia Pacific is projected to dominate the Sea Buckthorn market due to its favorable climatic conditions for cultivation and the plant's native presence in the region. China, in particular, plays a significant role as a major producer and exporter of seabuckthorn products. Rising consumer awareness of the health benefits of Sea Buckthorn, coupled with increasing demand for natural and functional ingredients, further contributes to the region's market dominance, driving cultivation, processing, and product innovation in Asia Pacific.
Region with highest CAGR:
The European region is poised for substantial growth in the sea buckthorn market. Increasing consumer awareness of the health benefits associated with seabuckthorn, including its rich nutritional profile and medicinal properties, is driving demand. Additionally, the region's focus on sustainable and organic products aligns well with Sea Buckthorn's natural and eco-friendly characteristics. With a rising demand for functional foods and supplements, European countries are witnessing increased cultivation, processing and product innovation, contributing to the Sea Buckthorn market's expansion.
Key players in the market
Some of the key players in Sea Buckthorn market include SIBU LLC, Ambe NS Agro Products Pvt. Ltd., Amway, BIOPLANETE, Botanic Healthcare Pvt. Ltd., Green Agro Pack, Himalayan Organics, IL Health & Beauty Natural Oils Co., Inc., Natura Biotechnol, SeabuckWonders and Weleda AG.
Key Developments:
In November 2023, In Ladakh, after GI Tag for Apricot (Raktsey Karpo), Pashmina, and Ladakhi Wood Carving, the Geographical Indication Registry, operating under the Ministry of Commerce & Industry, Government of India, has officially granted the GI tag to the Department of Industries & Commerce, Ladakh and approved it as the Registered Proprietor for ‘Ladakh Sea Buckthorn’ in Class 31. Farmers of Kargil are very excited for this special recognition for Sea Buckthorn, one of the most profitable crop of UT Ladakh having 90 % production from Ladakh in India.
Types Covered:
• Fresh berries
• Juice
• Oil
• Powder
• Capsules and Tablets
Applications Covered:
• Dietary Supplements
• Cosmetics
• Food and Beverages
• Pharmaceuticals
• Other Applications
Distribution Channels Covered:
• Supermarkets/Hypermarkets
• Specialty Stores
• Online
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Sea Buckthorn Market, By Type
5.1 Introduction
5.2 Fresh berries
5.3 Juice
5.4 Oil
5.5 Powder
5.6 Capsules and Tablets
6 Global Sea Buckthorn Market, By Distribution Channel
6.1 Introduction
6.2 Supermarkets/Hypermarkets
6.3 Specialty Stores
6.4 Online
7 Global Sea Buckthorn Market, By Application
7.1 Introduction
7.2 Dietary Supplements
7.3 Cosmetics
7.4 Food and Beverages
7.5 Pharmaceuticals
7.6 Other Applications
8 Global Sea Buckthorn Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 SIBU LLC
10.2 Ambe NS Agro Products Pvt. Ltd.
10.3 Amway
10.4 BIOPLANETE
10.5 Botanic Healthcare Pvt. Ltd.
10.6 Green Agro Pack
10.7 Himalayan Organics
10.8 IL Health & Beauty Natural Oils Co., Inc.
10.9 Natura Biotechnol
10.10 SeabuckWonders
10.11 Weleda AG
List of Tables
1 Global Sea Buckthorn Market Outlook, By Region (2021-2030) ($MN)
2 Global Sea Buckthorn Market Outlook, By Type (2021-2030) ($MN)
3 Global Sea Buckthorn Market Outlook, By Fresh berries (2021-2030) ($MN)
4 Global Sea Buckthorn Market Outlook, By Juice (2021-2030) ($MN)
5 Global Sea Buckthorn Market Outlook, By Oil (2021-2030) ($MN)
6 Global Sea Buckthorn Market Outlook, By Powder (2021-2030) ($MN)
7 Global Sea Buckthorn Market Outlook, By Capsules and Tablets (2021-2030) ($MN)
8 Global Sea Buckthorn Market Outlook, By Distribution Channel (2021-2030) ($MN)
9 Global Sea Buckthorn Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
10 Global Sea Buckthorn Market Outlook, By Specialty Stores (2021-2030) ($MN)
11 Global Sea Buckthorn Market Outlook, By Online (2021-2030) ($MN)
12 Global Sea Buckthorn Market Outlook, By Application (2021-2030) ($MN)
13 Global Sea Buckthorn Market Outlook, By Dietary Supplements (2021-2030) ($MN)
14 Global Sea Buckthorn Market Outlook, By Cosmetics (2021-2030) ($MN)
15 Global Sea Buckthorn Market Outlook, By Food and Beverages (2021-2030) ($MN)
16 Global Sea Buckthorn Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
17 Global Sea Buckthorn Market Outlook, By Other Applications (2021-2030) ($MN)
18 North America Sea Buckthorn Market Outlook, By Country (2021-2030) ($MN)
19 North America Sea Buckthorn Market Outlook, By Type (2021-2030) ($MN)
20 North America Sea Buckthorn Market Outlook, By Fresh berries (2021-2030) ($MN)
21 North America Sea Buckthorn Market Outlook, By Juice (2021-2030) ($MN)
22 North America Sea Buckthorn Market Outlook, By Oil (2021-2030) ($MN)
23 North America Sea Buckthorn Market Outlook, By Powder (2021-2030) ($MN)
24 North America Sea Buckthorn Market Outlook, By Capsules and Tablets (2021-2030) ($MN)
25 North America Sea Buckthorn Market Outlook, By Distribution Channel (2021-2030) ($MN)
26 North America Sea Buckthorn Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
27 North America Sea Buckthorn Market Outlook, By Specialty Stores (2021-2030) ($MN)
28 North America Sea Buckthorn Market Outlook, By Online (2021-2030) ($MN)
29 North America Sea Buckthorn Market Outlook, By Application (2021-2030) ($MN)
30 North America Sea Buckthorn Market Outlook, By Dietary Supplements (2021-2030) ($MN)
31 North America Sea Buckthorn Market Outlook, By Cosmetics (2021-2030) ($MN)
32 North America Sea Buckthorn Market Outlook, By Food and Beverages (2021-2030) ($MN)
33 North America Sea Buckthorn Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
34 North America Sea Buckthorn Market Outlook, By Other Applications (2021-2030) ($MN)
35 Europe Sea Buckthorn Market Outlook, By Country (2021-2030) ($MN)
36 Europe Sea Buckthorn Market Outlook, By Type (2021-2030) ($MN)
37 Europe Sea Buckthorn Market Outlook, By Fresh berries (2021-2030) ($MN)
38 Europe Sea Buckthorn Market Outlook, By Juice (2021-2030) ($MN)
39 Europe Sea Buckthorn Market Outlook, By Oil (2021-2030) ($MN)
40 Europe Sea Buckthorn Market Outlook, By Powder (2021-2030) ($MN)
41 Europe Sea Buckthorn Market Outlook, By Capsules and Tablets (2021-2030) ($MN)
42 Europe Sea Buckthorn Market Outlook, By Distribution Channel (2021-2030) ($MN)
43 Europe Sea Buckthorn Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
44 Europe Sea Buckthorn Market Outlook, By Specialty Stores (2021-2030) ($MN)
45 Europe Sea Buckthorn Market Outlook, By Online (2021-2030) ($MN)
46 Europe Sea Buckthorn Market Outlook, By Application (2021-2030) ($MN)
47 Europe Sea Buckthorn Market Outlook, By Dietary Supplements (2021-2030) ($MN)
48 Europe Sea Buckthorn Market Outlook, By Cosmetics (2021-2030) ($MN)
49 Europe Sea Buckthorn Market Outlook, By Food and Beverages (2021-2030) ($MN)
50 Europe Sea Buckthorn Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
51 Europe Sea Buckthorn Market Outlook, By Other Applications (2021-2030) ($MN)
52 Asia Pacific Sea Buckthorn Market Outlook, By Country (2021-2030) ($MN)
53 Asia Pacific Sea Buckthorn Market Outlook, By Type (2021-2030) ($MN)
54 Asia Pacific Sea Buckthorn Market Outlook, By Fresh berries (2021-2030) ($MN)
55 Asia Pacific Sea Buckthorn Market Outlook, By Juice (2021-2030) ($MN)
56 Asia Pacific Sea Buckthorn Market Outlook, By Oil (2021-2030) ($MN)
57 Asia Pacific Sea Buckthorn Market Outlook, By Powder (2021-2030) ($MN)
58 Asia Pacific Sea Buckthorn Market Outlook, By Capsules and Tablets (2021-2030) ($MN)
59 Asia Pacific Sea Buckthorn Market Outlook, By Distribution Channel (2021-2030) ($MN)
60 Asia Pacific Sea Buckthorn Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
61 Asia Pacific Sea Buckthorn Market Outlook, By Specialty Stores (2021-2030) ($MN)
62 Asia Pacific Sea Buckthorn Market Outlook, By Online (2021-2030) ($MN)
63 Asia Pacific Sea Buckthorn Market Outlook, By Application (2021-2030) ($MN)
64 Asia Pacific Sea Buckthorn Market Outlook, By Dietary Supplements (2021-2030) ($MN)
65 Asia Pacific Sea Buckthorn Market Outlook, By Cosmetics (2021-2030) ($MN)
66 Asia Pacific Sea Buckthorn Market Outlook, By Food and Beverages (2021-2030) ($MN)
67 Asia Pacific Sea Buckthorn Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
68 Asia Pacific Sea Buckthorn Market Outlook, By Other Applications (2021-2030) ($MN)
69 South America Sea Buckthorn Market Outlook, By Country (2021-2030) ($MN)
70 South America Sea Buckthorn Market Outlook, By Type (2021-2030) ($MN)
71 South America Sea Buckthorn Market Outlook, By Fresh berries (2021-2030) ($MN)
72 South America Sea Buckthorn Market Outlook, By Juice (2021-2030) ($MN)
73 South America Sea Buckthorn Market Outlook, By Oil (2021-2030) ($MN)
74 South America Sea Buckthorn Market Outlook, By Powder (2021-2030) ($MN)
75 South America Sea Buckthorn Market Outlook, By Capsules and Tablets (2021-2030) ($MN)
76 South America Sea Buckthorn Market Outlook, By Distribution Channel (2021-2030) ($MN)
77 South America Sea Buckthorn Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
78 South America Sea Buckthorn Market Outlook, By Specialty Stores (2021-2030) ($MN)
79 South America Sea Buckthorn Market Outlook, By Online (2021-2030) ($MN)
80 South America Sea Buckthorn Market Outlook, By Application (2021-2030) ($MN)
81 South America Sea Buckthorn Market Outlook, By Dietary Supplements (2021-2030) ($MN)
82 South America Sea Buckthorn Market Outlook, By Cosmetics (2021-2030) ($MN)
83 South America Sea Buckthorn Market Outlook, By Food and Beverages (2021-2030) ($MN)
84 South America Sea Buckthorn Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
85 South America Sea Buckthorn Market Outlook, By Other Applications (2021-2030) ($MN)
86 Middle East & Africa Sea Buckthorn Market Outlook, By Country (2021-2030) ($MN)
87 Middle East & Africa Sea Buckthorn Market Outlook, By Type (2021-2030) ($MN)
88 Middle East & Africa Sea Buckthorn Market Outlook, By Fresh berries (2021-2030) ($MN)
89 Middle East & Africa Sea Buckthorn Market Outlook, By Juice (2021-2030) ($MN)
90 Middle East & Africa Sea Buckthorn Market Outlook, By Oil (2021-2030) ($MN)
91 Middle East & Africa Sea Buckthorn Market Outlook, By Powder (2021-2030) ($MN)
92 Middle East & Africa Sea Buckthorn Market Outlook, By Capsules and Tablets (2021-2030) ($MN)
93 Middle East & Africa Sea Buckthorn Market Outlook, By Distribution Channel (2021-2030) ($MN)
94 Middle East & Africa Sea Buckthorn Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
95 Middle East & Africa Sea Buckthorn Market Outlook, By Specialty Stores (2021-2030) ($MN)
96 Middle East & Africa Sea Buckthorn Market Outlook, By Online (2021-2030) ($MN)
97 Middle East & Africa Sea Buckthorn Market Outlook, By Application (2021-2030) ($MN)
98 Middle East & Africa Sea Buckthorn Market Outlook, By Dietary Supplements (2021-2030) ($MN)
99 Middle East & Africa Sea Buckthorn Market Outlook, By Cosmetics (2021-2030) ($MN)
100 Middle East & Africa Sea Buckthorn Market Outlook, By Food and Beverages (2021-2030) ($MN)
101 Middle East & Africa Sea Buckthorn Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
102 Middle East & Africa Sea Buckthorn Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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