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Global Sea Buckthorn Market to Grow at a CAGR of 9% During 2021-2026, Driven by Rising Applications

According to a new report by EMR titled, ‘Global Sea Buckthorn Market Report and Forecast 2021-2026’, the global market for sea buckthorn is expected to witness a CAGR of 9% in the forecast period of 2021-2026.

The sea buckthorn has various nutritional effects that makes it very useful in the various industries such as pharmaceutical and cosmetics. The leaves and berries of sea buckthorn carries essential fatty acids, vitamins K, E, C, and A. This has very good effect on skin care which is leading to a surge in demand from cosmetic sector. The cosmetic sector has been rising rapidly with increasing income of the people and growing awareness for skincare. The pharmaceutical industry is also a substantial application segment which is trying to utilizing its therapeutic effects. The food and beverage industry are also showing increasing usage of sea buckthorn for dietary supplements and herbal tea. The growing trend of healthy diet and fit body is boosting the demand for the sea buckthorn.

In the form segment, the liquid sea buckthorn has one of the largest market shares owing to the increasing consumption of dietary supplements. The sea buckthorn is a natural ingredient with wide nutritional benefits that is very attractive to the buyers. The cream segment will also grow significantly in the forecast years because of the increasing usage in cosmetic industry for moisturizing the skin and stomach linings. It is also useful for hydrating dry eyes. The retail segment in the end user segment will also show substantial growth because of the growing penetration of hyper-marts and retail stores.

The key players have been developing new products or expanding their markets. In November 2016, Natures Aid, a major player in sea buckthorn market was acquired by STADA UK Holdings (NASDAQ: STDAF) for a better synergetic fit with Thornton and Ross, household pharmaceutical product maker. These acquisitions can enhance the growth of the sea buckthorn industry.

Market Analysis by Form, Application, End-Uses, and Regions:

  • The forms of sea buckthorn are liquid and cream, among others.
  • The applications for the industry are divided into dietary supplements, cosmetics, food and beverage, and pharmaceutics, among others.
  • The end uses of the product are classified into retail and industrial.
  • The regional markets for sea buckthorn include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing usage of sea buckthorn in pharmaceutical industry is boosting the industry demand.
  • Cosmetic sector is increasingly demanding sea buckthorn for its excellent skin care effects such as moisturizing dry skin.
  • The increasing population and disposable income will augment the demand for sea buckthorn market.
  • The rising demand from food and beverage industry due to nutritional benefits of sea buckthorn is propelling the industry.

Key Offerings of the report:

  • The EMR report gives an overview of the global sea buckthorn industry for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecasted (2021-2026) markets for the form, application, end use and major regions of sea buckthorn industry. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global sea buckthorn market are SEABUCKWONDERS, Badger Company, Inc, Natures Aid Ltd, and Natura Health Products, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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