Sea Buckthorn Market Expected to Grow Rapidly, Fueled by Pharmaceutical and Cosmetics Industries
The global sea buckthorn market is poised to experience significant growth due to its increasing utilization in the pharmaceutical and cosmetics sectors. Sea buckthorn is rich in vitamins and other beneficial nutrients, making it a popular ingredient in these industries. These findings are mentioned in a report titled “Sea Buckthorn Market Size, Share and Industry Analysis, and Regional Forecast, 2023-2030” by Fortune Business Insights™.
In China, ongoing research suggests that certain extracts from sea buckthorn can help lower cholesterol, alleviate chest pain, and improve heart health. As a result, the demand for sea buckthorn is expected to rise in the coming years. Additionally, there is a growing demand for natural personal care products, which is driving the increased interest in sea buckthorn. Major players in the market are focusing on introducing new products to capture a larger market share. For example, Indian company Biosash launched sea buckthorn juice in June 2018 under the brand name Wellsash.
Sea Buckthorn Market Report Overview
A comprehensive report on the sea buckthorn market has been provided, including:
- Forecast period: 2023-2030
- Historical data: 2019-2021
- Report coverage: Revenue forecast, company profiles, competitive landscape, growth factors, and latest trends
- Segments covered: Form (liquid concentrate, powder, oil), application (dietary supplements, pharmaceutical, cosmetics and personal care, others), and geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
- Sea Buckthorn Market Growth Drivers: Increasing applications of the sea buckthorn plant
Highlights of the Report
The report provides actionable research on market drivers, trends, restraints, and opportunities. It also offers an exhaustive study of key market players and their growth strategies, microscopic examination of market segments, and tangible insights into regional dynamics influencing the market.
Regional Insights: Europe and Asia Pacific Lead the Market
Europe and Asia Pacific are expected to dominate the sea buckthorn market. Europe is experiencing significant growth due to the plant’s increasing applications and the thriving beauty and personal care sector. Utilization of sea buckthorn fruit in medicine preparation is also contributing to market growth in the region. In Asia Pacific, countries like India and China have abundant raw materials, offering new opportunities for market players. The rising awareness of sea buckthorn’s benefits and demand for products containing the ingredient are driving growth within the region.
Competitive Landscape: Key Players Investing in Novel Technologies
Leading companies in the sea buckthorn market are investing in research and development activities to explore potential applications in various industries. They are leveraging advanced technologies to maintain the nutritional value of sea buckthorn products. Notable industry developments include Sea Buckthorn Farm’s launch of premium quality sea buckthorn oil blend and Simply Seabuck’s introduction of an organic skincare line containing sea buckthorn oil.
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