United States Black Currant Oil Market to Reach USD 128.5 Million by 2030 at 6.8% CAGR – Full 2024-2030 Forecast

 

United States Black Currant Oil Market continues to demonstrate robust growth, with its valuation reaching USD 86.4 million in 2024. According to the latest industry analysis, the market is projected to grow at a CAGR of 6.8%, reaching approximately USD 128.5 million by 2030. This growth is primarily driven by increasing consumer awareness of the oil's health benefits and its expanding applications in dietary supplements and skincare formulations.

Black currant oil is valued for its high gamma-linolenic acid (GLA) content, an omega-6 fatty acid with demonstrated anti-inflammatory properties. The oil's versatility makes it increasingly attractive to supplement manufacturers and cosmetic formulators pursuing clean-label, natural ingredients. Regulatory support for plant-based health products further bolsters market expansion.

Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/281351/united-states-black-currant-oil-market-2024-2030-836

Market Overview & Regional Analysis

The U.S. dominates North American demand for black currant oil, accounting for over 85% of regional consumption. While domestic production remains limited, import volumes from European suppliers continue rising to meet growing demand. The Northeast and West Coast regions show particularly strong uptake, driven by higher concentrations of health-conscious consumers and premium supplement brands.

Europe currently supplies approximately 70% of U.S. black currant oil imports, with Germany and Poland being key sourcing markets. This reliance on European growers creates potential supply chain vulnerabilities that domestic producers could potentially address through expanded cultivation programs.

Key Market Drivers and Opportunities

The market benefits from multiple growth catalysts including rising consumer preference for plant-based supplements, increased scientific validation of GLA's health benefits, and expanding applications in cosmetic formulations. Dietary supplements currently account for 65% of total demand, while skincare applications are growing at 8.4% annually - the fastest rate among all segments.

Significant opportunities exist in product diversification, particularly through:

●       Development of organic-certified oil variants (currently 40% of production)

●       Cold-pressed extraction methods that preserve nutrient content

●       Formulation innovations combining black currant oil with complementary functional ingredients

Challenges & Restraints

The market faces several headwinds including price sensitivity among mainstream consumers, limited domestic cultivation (requiring reliance on imports), and competition from substitute oils like evening primrose and borage. Production costs remain elevated due to:

●       Labor-intensive cultivation practices

●       Specialized extraction requirements

●       Organic certification expenses

Supply chain disruptions, particularly in European growing regions, pose additional risks to consistent product availability and pricing stability.

Market Segmentation by Type

●       14% GLA

●       15% GLA

●       16% GLA

Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/281351/united-states-black-currant-oil-market-2024-2030-836

Market Segmentation by Application

●       Skincare Products

●       Dietary Supplements

●       Other

Key Market Players

●       Now Foods

●       Health From The Sun

●       Nature's Life

●       Solgar

●       Natrol

●       Source Naturals

●       Swanson EFAs

●       Pure Encapsulations

●       Barlean's Organic Oils

●       Bluebonnet Nutrition

Report Scope

This report provides comprehensive analysis of the U.S. black currant oil market from 2024-2030, including:

●       Market size estimates and growth projections

●       Detailed segmentation by type and application

●       Competitive landscape analysis

●       Supply chain evaluation

●       Trend assessment and opportunity analysis

Research Methodology

Our analysis incorporates:

●       Primary interviews with industry executives

●       Supply chain audits

●       Trade flow analysis

●       Price trend monitoring

●       Consumer demand modeling

Get Full Report Here: https://www.24chemicalresearch.com/reports/281351/united-states-black-currant-oil-market-2024-2030-836

Other related reports

https://www.24chemicalresearch.com/reports/224576/praseodymium-carbonate-market

https://www.24chemicalresearch.com/reports/231169/adhesives-in-composites-market

https://www.24chemicalresearch.com/reports/292701/global-watersoluble-mineral-market

https://www.24chemicalresearch.com/reports/115366/china-ceramic-magnets-market

https://www.24chemicalresearch.com/reports/219762/global-d-graphene-foam-market

About 24chemicalresearch

Founded in 2015, 24chemicalresearch has rapidly established itself as a leader in chemical market intelligence, serving clients including over 30 Fortune 500 companies. We provide data-driven insights through rigorous research methodologies, addressing key industry factors such as government policy, emerging technologies, and competitive landscapes.

●       Plant-level capacity tracking

●       Real-time price monitoring

●       Techno-economic feasibility studies

With a dedicated team of researchers possessing over a decade of experience, we focus on delivering actionable, timely, and high-quality reports to help clients achieve their strategic goals. Our mission is to be the most trusted resource for market insights in the chemical and materials industries.

International: +1(332) 2424 294 | Asia: +91 9169162030

Website: https://www.24chemicalresearch.com/

Follow us on LinkedIn: https://www.linkedin.com/company/24chemicalresearch