The Global Sea Buckthorn Market size is expected to reach $640.2 million by 2031, rising at a market growth of 9.9% CAGR during the forecast period. In the year 2023, the market attained a volume of 5,006.5 Tonnes, experiencing a growth of 15.7% (2020-2023).
Sea buckthorn is known for its wound-healing and tissue-regenerating properties, making it valuable for pharmaceutical applications. Therefore, the pharmaceutical segment will capture 32.5% revenue share in the market by 2031. It promotes skin repair, accelerates wound healing, and reduces inflammation, making it beneficial for treating burns, cuts, abrasions, and other skin injuries. Moreover, total consumption of Sea Buckthorn in China was 708.7 Tonnes in 2023.
Consumers are becoming increasingly health-conscious and seeking products that align with their wellness goals. Natural ingredients like sea buckthorn are perceived as healthier alternatives to synthetic additives, as they contain beneficial nutrients and bioactive compounds that can support overall health and well-being. There is a growing preference for clean-label products that contain simple, recognizable ingredients.
Additionally, these berries contain essential nutrients, including vitamins, minerals (such as potassium, calcium, and magnesium), antioxidants (such as flavonoids and carotenoids), and omega-3fatty acids. These nutrients offer various benefits, including immune support, cardiovascular, and skin health. In conclusion, rising awareness of its health benefits is promoting the market’s growth.
However, due to the shrub’s thorny branches and small, delicate berries, harvesting these berries is labor-intensive and time-consuming. Manual harvesting is often required, increasing labor costs, and possibly challenging to scale up for large-scale production. This thrives in specific environmental conditions, including cold, arid climates and well-drained sandy or gravelly soils. Hence, the high production costs of these are impeding the market’s growth.
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Challenges On the basis of application, the market is segmented into dietary supplement, pharmaceutical, cosmetics & personal care, food & beverages, and others. In 2023, the dietary supplement segment attained 26.6% revenue share in the market. Supplements containing these are marketed as holistic wellness items because they provide a multitude of health advantages for various parts of the body. Moreover, in terms of volume, the demand of dietary supplement reached 1,391.0 Tonnes in the market in 2023.
Based on form, the market is divided into juice, oil, powder, and others. In 2023, the oil segment attained 22.6% revenue share in the market. Due to its well-known ability to rejuvenate skin, sea buckthorn oil is frequently used in skin care products like oils, serums, and moisturizers. Consumers increasingly seek natural and organic skincare solutions, driving demand for this oil as a premium ingredient in beauty products. Moreover, in terms of volume, the demand of oil was 349.7 Tonnes in the market in 2023.
Free Valuable Insights: Global Sea Buckthorn Market size to reach USD 640.2 million by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed 39.6% revenue share in the market in 2023. Sea buckthorn has a long history of traditional medicinal use in various Asian countries, where it is valued for its therapeutic properties. Moreover, in terms of volume, the Asia Pacific consumed 1,989.1 Tonnes Sea buckthorn in 2022.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 303.9 Million |
| Market size forecast in 2031 | USD 640.2 Million |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 9.9% from 2024 to 2031 |
| Quantitative Data | Volume in Tonnes, Revenue in USD Million, and CAGR from 2020 to 2031 |
| Number of Pages | 277 |
| Number of Tables | 570 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Form, Application, Region |
| Country scope |
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| Companies Included | SeabuckWonders, W.S. Badger Company, Inc., STADA Arzneimittel AG, Erbology Ltd, SIBU Sea Berry Therapy, Weleda AG, Natura Health Products, TEREZIA COMPANY s.r.o., HiPP GmbH & Co. Vertrieb KG, Organic India Pvt. Ltd. |
By Form (Volume, Tonnes, USD Million, 2020-2031)
By Application (Volume, Tonnes, USD Million, 2020-2031)
By Geography (Volume, Tonnes, USD Million, 2020-2031)
This Market size is expected to reach $640.2 million by 2031.
Increasing demand for natural and functional ingredients are driving the Market in coming years, however, High production costs of sea buckthorn restraints the growth of the Market.
SeabuckWonders, W.S. Badger Company, Inc., STADA Arzneimittel AG, Erbology Ltd, SIBU Sea Berry Therapy, Weleda AG, Natura Health Products, TEREZIA COMPANY s.r.o., HiPP GmbH & Co. Vertrieb KG, Organic India Pvt. Ltd.
In the year 2023, the market attained a volume of 5,006.5 Tonnes, experiencing a growth of 15.7% (2020-2023).
The Juice segment is generating the highest revenue in the Market by Form in 2023; thereby, achieving a market value of $252.9 Million by 2031.
The Asia Pacific region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $262.9 Million by 2031.
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