Sea Buckthorn Market

Global Sea Buckthorn Market Size, Share & Trends Analysis Report By Form (Juice, Powder, Oil, and Others), By Application (Pharmaceutical, Dietary Supplement, Food & Beverages, Cosmetics & Personal Care, and Others) By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-22238 Publication Date: April-2024 Number of Pages: 277
2023
USD 303.9 Million
2031
USD 640.2 Million
CAGR
9.9%
Historical Data
2020 to 2022

“Global Sea Buckthorn Market to reach a market value of USD 640.2 Million by 2031 growing at a CAGR of 9.9%”

Analysis of Market Size & Trends

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.

Sea Buckthorn Market Size - Global Opportunities and Trends Analysis Report 2020-2031

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.

Driving and Restraining Factors
Sea Buckthorn Market
  • Increasing demand for natural and functional ingredients
  • Rising awareness of health benefits
  • Expansion of the food and beverage industry globally
  • High production costs of sea buckthorn
  • Short shelf life and storage challenges
  • Increasing government initiatives for high cultivation
  • Growing application in supplements and nutraceutical products
  • Increasing competition from synthetic alternatives
  • Harvesting and processing challenges

By Application Analysis

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.

Sea Buckthorn Market Share and Industry Analysis Report 2023

By Form Analysis

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

By Regional Analysis

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.

Sea Buckthorn Market Report Coverage
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
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
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.

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List of Key Companies Profiled

  • 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.

Sea Buckthorn Market Report Segmentation

By Form (Volume, Tonnes, USD Million, 2020-2031)

  • Juice
  • Powder
  • Oil
  • Others

By Application (Volume, Tonnes, USD Million, 2020-2031)

  • Pharmaceutical
  • Dietary Supplement
  • Food & Beverages
  • Cosmetics & Personal Care
  • Others

By Geography (Volume, Tonnes, USD Million, 2020-2031)

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Frequently Asked Questions About This Report

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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