Pune, India, November 20, 2023 (GLOBE NEWSWIRE) — Global sea buckthorn market Fortune Business Insights™ in its report states that the plant is expected to grow at a surging pace due to its increasing use in the pharmaceutical and cosmetic industries “Seabuckthorn market size, share and industry analysis and regional forecasts 2023-2030“. The leaves and fruits of sea buckthorn are good sources of vitamins K, E, C and A, flavonoids, carotenoids and organic acids and are used on a large scale in industry due to their nutritional value.
According to research conducted in China, consuming certain extracts of sea buckthorn can help lower cholesterol, relieve chest pain and improve the health of people with heart disease. Driven by this, demand for sea buckthorn is expected to rise in the coming years. The growing demand for personal care products made entirely from natural ingredients is another factor behind 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, Indian company Biosash launched sea buckthorn juice under the brand name Wellsash.
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List of major players covered in the Sea Buckthorn market report:
- Wonders of Sabah
- Velas
- WS Badger Company
- Nature Aid Ltd.
- Ergonomics
- Sibu
- weleda
- Ray Berry
- natural health products
- Trezia
- others
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Report scope and segmentation
| Reporting scope | detail | |
| forecast period | 2023-2030 | |
| historical data | 2019-2021 | |
| Reporting scope | Revenue forecasts, company profile, competitive landscape, growth factors and latest trends | |
| Market segments covered |
| |
| Coverage area |
| |
| Sea buckthorn market growth drivers | The use of sea buckthorn plants continues to increase |
Report Highlights
- Actionable research on market drivers, trends, constraints and opportunities;
- Exhaustive research of key market players and their growth strategies;
- Micro-examination of various market segments; and
- Tangible insights into regional dynamics affecting the market.
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Sea buckthorn, also known as buckthorn, is a deciduous shrub native to Europe and Asia. It is known for its bright orange berries and has been used in traditional medicine for centuries for its potential health benefits.
Key players profiled in the research report:
The leading companies in the sea buckthorn market are SeabuckWonders, Wellash, WS Badger Company, Inc., Natures Aid Ltd, Erbology, SIBU, Weleda, Leh Berry, Natura Health Product, Terezia, etc.
driving factors
Sea buckthorn extract treats psoriasis patients
According to the World Psoriasis Day Alliance, 125 million people worldwide suffer from psoriasis. About 30% of people with psoriasis also develop psoriatic arthritis. The disease has a huge negative impact on patients’ quality of life. Analysis from the Global Burden of Disease Study shows that the burden of psoriasis is high. The global mean disability-adjusted life years (DALYs) of psoriasis in 2010 was estimated at 1,050,660, twice that of acute hepatitis C. Recent research suggests that sea buckthorn may be a potential alternative for treating this disease. According to a report published by the National Center for Biotechnology Information, sea buckthorn extract proved effective in treating psoriasis lesions in their experimental group. Results showed that the use of sea buckthorn extract was associated with improvements in the Psoriasis Area and Severity Index (PASI) in treated lesions.
Regional Insights
Europe’s growing focus on health and dietary supplements to spur growth opportunities
Asia Pacific is expected to hold a major share of the global sea buckthorn market over the forecast period owing to ample supply of raw materials from countries such as India and China. This will provide new opportunities for players in the Asia-Pacific market. Rising awareness about the benefits of sea buckthorn coupled with rising demand for products containing sea buckthorn is expected to drive the market in this region.
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Major market segments include:
by form
- Concentrate
- powder
- Oil
press application
- Dietary Supplements
- pharmaceutical
- Cosmetics and personal care
- Others (animal feed, food and beverages, etc.)
by geography
The European sea buckthorn market is expected to witness significant growth. Rapidly increasing applications of the plant coupled with booming beauty and personal care industry in the region are expected to drive the market. Furthermore, increasing utilization of sea buckthorn fruits for preparation of pharmaceuticals is expected to have a positive impact on market growth in this region. Rising health awareness among the elderly and youth and adoption of health and dietary supplements are some of the key factors driving the market growth in this region.
competitive landscape
Major players investing in new technologies to expand their businesses
Prominent companies in the sea buckthorn market are making strategic investments in R&D activities to explore potential applications of their plants, flowers and fruits in various end-user industries. These investments enable major players to develop novel derivatives using this ingredient and expand their business scope. The company is using advanced technology to maintain the nutritional value of sea buckthorn products.
Industry development:
- April 2020, US-based Sea Buckthorn Farms announces the launch of a premium sea buckthorn oil blend. The company claims that the extracted oil plays a vital role in maintaining health if consumed regularly.
- December 2018Simply Seabuck launches sea buckthorn oil organic skin care range. The new product is said to be rich in nutrients, antitoxins and vitamins.
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