Pune, India, Nov. 20, 2023 (GLOBE NEWSWIRE) — Global sea buckthorn market Fortune Business Insights™ in its report said that the size is projected to grow rapidly due to the increasing use of the plant in the pharmaceutical and cosmetics industry. ,Sea Buckthorn Market Size, Share and Industry Analysis, and Regional Forecast, 2023-2030, Sea buckthorn leaves and fruits are a good source of vitamins K, E, C, and A, flavonoids, carotenoids, and organic acids and are extensively used in industry due to their nutritional benefits.
According to research developing in China, consuming certain sea buckthorn extracts may help lower cholesterol, reduce chest pain and improve the health of heart disease patients. With this enabled, the demand for sea buckthorn is expected to increase in the coming years. The increasing demand for personal care products made from completely natural ingredients is another factor responsible for its high demand. Key players in the global sea buckthorn market are focusing on launching new products to gain market share. For example, in June 2018, India-based company Biosash launched sea buckthorn juice, branded under Wellsash.
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List of Major Players Included in the Sea Buckthorn Market Report:
- Seabuckwonders
- Velash
- WS Badger Company, Inc.
- Nature’s Aid Limited
- erbology
- Sibu
- weleda
- leigh berry
- Natura Health Products
- Terezia
- Other
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Scope and division of the report-
| report coverage | Description | |
| forecast period | 2023-2030 | |
| historical data | 2019- 2021 | |
| report coverage | Revenue Forecast, Company Profile, Competitive Landscape, Growth Factors and Latest Trends | |
| segments covered |
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| Area covered |
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| Sea Buckthorn Market Growth Drivers | Growing Applications of Sea Buckthorn Plant |
Highlights of the report
- Actionable research on market drivers, trends, restraints and opportunities;
- A detailed study of key market players and their growth strategies;
- close examination of different market segments; And
- Solid insight into the regional dynamics influencing the market.
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Sea buckthorn, also known as Hippophae rhamnoides, is a type of deciduous shrub that is native to Europe and Asia. It is known for its bright orange berries and has been used for centuries in traditional medicine for its potential health benefits.
Key players included in the research report:
Leading companies in the sea buckthorn market are Seabuckwonders, Wellash, WS Badger Company, Inc., Nature’s Aid Ltd., Erbology, SIBU, Weleda, Leigh Berry, Natura Health Products, Terezia and many others.
driving factors
Sea buckthorn extract for the treatment of patients suffering from psoriasis
According to the World Psoriasis Day Consortium, 125 million people worldwide suffer from psoriasis. About 30% of patients with psoriasis also develop psoriatic arthritis. This disease has a huge negative impact on the quality of life of patients. The Global Burden of Disease Study suggested in its analysis that the burden of psoriasis is high. The global average disability-adjusted life years (DALYs) for psoriasis for 2010 were estimated at 1 050 660, twice that of acute hepatitis C. Recent studies suggest that sea buckthorn may be a potential option for managing the disease. According to a report published by the National Center for Biotechnology Information, sea buckthorn extract proved useful in the treatment of psoriasis lesions in their experimental group. The results showed that the use of sea buckthorn extract was associated with improved psoriasis area and severity index (PASI) in treated lesions.
regional insight
Focus on health and dietary supplements increasing in Europe to boost growth opportunities
Asia Pacific is projected to secure a major share in the global sea buckthorn market during the projected time frame due to adequate availability of raw material in countries such as India and China. This will provide new opportunities to players operating in the Asia Pacific market. Growing awareness about the benefits of sea buckthorn and increasing demand for sea buckthorn products are expected to drive the market in the region.
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Major segments include:
by form
- liquid concentrate
- powder
- Oil
by application
- dietary supplements
- pharmaceutical
- Cosmetics and Personal Care
- Others (animal feed, food and beverages, and others)
by geography
The sea buckthorn market in Europe is expected to grow significantly. The rapidly growing applications of the plant coupled with the thriving beauty and personal care sector in the region is anticipated to drive the market. Furthermore, increasing use of sea buckthorn fruit for preparing medicines is expected to positively impact the market growth of the region. Increasing health awareness and adoption of health and dietary supplements by the elderly as well as young population are some of the key factors driving the market growth in this region.
competitive landscape
Key players investing in innovative technologies to expand their business
Leading companies in the Sea Buckthorn market are making strategic investments in R&D activities to explore the potential applications of its plant, flowers and fruits in various end-user industries. These investments are allowing key players to develop innovative derivatives from this component and expand their business horizons. Companies are adopting advanced technologies to maintain the nutritional value of sea buckthorn products.
Industry Development:
- in april 2020, US-based Sea Buckthorn Farms announced the launch of its premium quality Sea Buckthorn oil blend. The company claims that the extracted oil plays an important role in maintaining good health if consumed regularly.
- in december 2018, Simply Seabuck introduced an organic skin care line of sea buckthorn oil. It is claimed that the new product is rich in nutrients, antitoxins and vitamins.
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