Packaged Currant Market Trends and Forecast
The future of the global packaged currant market looks promising with opportunities in the online sale and offline sale markets. The global packaged currant market is expected to reach an estimated $1.3 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are increasing consumer preference for healthy and nutrient-rich snacks and growing demand for ready-to-eat and easily accessible food products.
• Lucintel forecasts that blackcurrant is expected to witness the higher growth over the forecast period.
• Within this market, online sale is expected to witness the higher growth.
• Europe is expected to witness highest growth over the forecast period.
United States: The packaged currants market in the United States has seen significant developments, driven by consumer demand for healthy snacks. Companies like Sun-Maid Growers of California are expanding their product lines to include organic and no-sugar-added variants to cater to health-conscious consumers. Additionally, collaborations with major retailers have increased visibility and accessibility of currants. The U.S. government has also been supporting the fruit and vegetable industry through various agricultural programs, enhancing the overall market growth.
India: In India, the packaged currants market is expanding due to rising health awareness and increasing disposable incomes. Local companies like Kalyan Agro are focusing on introducing value-added products such as dried currants with added nutritional benefits. The government’s initiatives to boost agricultural exports under the Agriculture Export Policy 2018 have also supported market growth by improving supply chain efficiencies and reducing logistical costs.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Packaged Currant by Segment
The study includes a forecast for the global packaged currant by type, application, and region.
Packaged Currant Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Blackcurrant
• Redcurrant
• Others
Packaged Currant Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Online Sale
• Offline Sale
• Others
Packaged Currant Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Packaged Currant Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies packaged currant companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the packaged currant companies profiled in this report include-
• Karelia Berries
• Special Fruit
• Windmill Hill Fruits
• XiÄX%$%XAn Xiyu Minnong Natural Food
• Kabako Gruppe
Recent Development in the Packaged Currant Market
Sun-Maid Growers of California: Sun-Maid Growers of California has been actively expanding its product portfolio to cater to the growing demand for healthy snacks. The company has introduced a range of organic and no-sugar-added currants to appeal to health-conscious consumers. They are also leveraging innovative packaging solutions to enhance product shelf life and maintain freshness. Additionally, Sun-Maid has strengthened its distribution network through partnerships with major retail chains, making their products more accessible nationwide.
Kalyan Agro: Kalyan Agro, a prominent player in India, has focused on developing value-added currant products to meet the increasing consumer demand for nutritious snacks. The company has launched a variety of currants enriched with additional nutrients and flavors, targeting health-conscious consumers. Kalyan Agro has also invested in modern processing and packaging technologies to ensure high-quality standards and extend product shelf life. Their efforts are supported by the Indian governmentÄX%$%Xs agricultural policies aimed at enhancing export capabilities.
XiÄX%$%Xan Xiyu Minnong Natural Food: XiÄX%$%Xan Xiyu Minnong Natural Food in China has made significant strides in improving the quality and safety of packaged currants through technological advancements. The company has adopted state-of-the-art processing technologies to enhance the nutritional value and shelf life of their products. They are also focusing on sustainable sourcing and production practices to meet the growing demand for environmentally friendly products. The Chinese governmentÄX%$%Xs stringent food safety regulations have further propelled the companyÄX%$%Xs commitment to high-quality standards.
Bio Früchte GmbH: Bio Früchte GmbH in Germany is a leading example of a company embracing organic and sustainable practices in the packaged currants market. They have committed to sourcing only organically grown currants and employing eco-friendly packaging materials. The companyÄX%$%Xs initiatives are in line with GermanyÄX%$%Xs robust organic farming policies, which provide subsidies and support for organic producers. Bio Früchte GmbHÄX%$%Xs focus on sustainability has resonated well with the environmentally conscious German consumers, driving growth in the market.
Features of the Global Packaged Currant Market
Market Size Estimates: Packaged currant market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Packaged currant market size by type, application, and region in terms of value ($B).
Regional Analysis: Packaged currant market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the packaged currant market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the packaged currant market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the packaged currant market size?
Answer: The global packaged currant market is expected to reach an estimated $1.3 billion by 2030.
Q2. What is the growth forecast for packaged currant market?
Answer: The global packaged currant market is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the packaged currant market?
Answer: The major drivers for this market are increasing consumer preference for healthy and nutrient-rich snacks and growing demand for ready-to-eat and easily accessible food products.
Q4. What are the major segments for packaged currant market?
Answer: The future of the packaged currant market looks promising with opportunities in the online sale and offline sale markets.
Q5. Who are the key packaged currant market companies?
Answer: Some of the key packaged currant companies are as follows:
• Karelia Berries
• Special Fruit
• Windmill Hill Fruits
• XiÄX%$%XAn Xiyu Minnong Natural Food
• Kabako Gruppe
Q6. Which packaged currant market segment will be the largest in future?
Answer: Lucintel forecasts that blackcurrant is expected to witness the higher growth over the forecast period.
Q7. In packaged currant market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the packaged currant market by type (blackcurrant, redcurrant, and others), application (online sale, offline sale, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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