Market Overview:
The global packaged currants market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for currants across different applications, such as online sales and offline sales. North America is expected to lead the global packaged currants market in terms of revenue during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Packaged currants are a dried grape that has been removed from the bunch and has had its seeds removed. Currants are often used in baking, jams, and jellies.
Blackcurrant:
Blackcurrant is the fruit of a bush cultivated for its large, bright red fruits. It has a rich and distinctive aroma, sweet taste and high content of vitamin C. The cultivation is concentrated in Europe with most of the production done in U.K., France and Spain. The export market for blackcurrants mainly depends on the demand from European countries where it's majorly consumed fresh or used to make juice, jam etc.
Redcurrant:
Redcurrant is the fruit of the black currant bush and it has a similar structure, appearance, and taste like a red grape. The major difference between them is that grapes are processed for winemaking while in redcurrants processing is done for juice manufacturing. Red currants have been used as an ingredient in various dishes since ancient times owing to its sourness and astringency which helps enhance other ingredients along with adding flavor to food products.
Application Insights:
The online sales segment held the largest market share of over 80% in 2017. The growth can be attributed to the easy availability of products through e-commerce platforms and wide distribution channels. Offline packaged currants are available in select stores, restaurants and food joints across countries such as India, China, Australia and New Zealand. However, online is the most preferred method for purchasing these products due to ease of payment options along with tracking facilities offered by several companies on a global level.
Offline sales accounted for 20% revenue share in 2017 owing to presence of key players operating within regional markets such as Africa Packaged Currant Market (ACPPM), Middle East & Africa Packaged Currant Market (MEPCM) among others that offer similar product lines at cheaper prices compared to their Western counterparts thereby catering to local demand from consumers who prefer buying locally produced goods over imports from other countries especially from developed economies like U.S., U.K.
Regional Analysis:
Europe was the largest regional market in 2017 and is anticipated to witness moderate growth over the forecast period. The product has been gaining popularity among consumers, especially millennials, due to its health benefits. It helps reduce cholesterol levels in the body and aids weight loss. Moreover, it provides a burst of energy for long hours of study or work as it contains high amounts of sugar alcohols such as sorbitol and xylitol that help stabilize blood sugar levels thereby reducing fatigue.
Asia Pacific is expected to be one of the fastest-growing markets at a CAGR exceeding 5% from 2018 to 2030 owing to changing consumer preferences towards healthier food products with less amount of fat and sugar content coupled with rising disposable income level among consumers especially millennials in countries like China, India, Thailand etc.
Growth Factors:
- Increasing demand for healthy and nutritious food items is driving the growth of packaged currants market.
- Growing awareness about the health benefits of currants is propelling the demand for packaged currants products.
- Rising disposable income of consumers is fueling the growth of packaged currants market.
- Rapid urbanization and changing lifestyle trends are favoring the growth of packaged currants market globally.
- Growing popularity of convenience foods is boosting the sales of packaged currant products across different regions worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Packaged Currants Market Research Report
By Type
Blackcurrant, Redcurrant, Others
By Application
Online Sales, Offline Sales
By Companies
Kabako Gruppe, Karelia Berries, SPECIAL FRUIT, Windmill Hill Fruits, Xi'an Xiyu Minnong Natural Food, Kabako Gruppe
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Packaged Currants Market Report Segments:
The global Packaged Currants market is segmented on the basis of:
Types
Blackcurrant, Redcurrant, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Sales, Offline Sales
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kabako Gruppe
- Karelia Berries
- SPECIAL FRUIT
- Windmill Hill Fruits
- Xi'an Xiyu Minnong Natural Food
- Kabako Gruppe
Highlights of The Packaged Currants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Blackcurrant
- Redcurrant
- Others
- By Application:
- Online Sales
- Offline Sales
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Packaged Currants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Packaged currants are a type of dried fruit that is typically found in grocery stores. They are made from a mix of different types of fruits, and they often have a sweet flavor.
Some of the key players operating in the packaged currants market are Kabako Gruppe, Karelia Berries, SPECIAL FRUIT, Windmill Hill Fruits, Xi'an Xiyu Minnong Natural Food, Kabako Gruppe.
The packaged currants market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Packaged Currants Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Packaged Currants Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Packaged Currants Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Packaged Currants Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Packaged Currants Market Size & Forecast, 2018-2028
4.5.1 Packaged Currants Market Size and Y-o-Y Growth
4.5.2 Packaged Currants Market Absolute $ Opportunity
Chapter 5 Global Packaged Currants Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Packaged Currants Market Size Forecast by Type
5.2.1 Blackcurrant
5.2.2 Redcurrant
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Packaged Currants Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Packaged Currants Market Size Forecast by Applications
6.2.1 Online Sales
6.2.2 Offline Sales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Packaged Currants Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Packaged Currants Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Packaged Currants Analysis and Forecast
9.1 Introduction
9.2 North America Packaged Currants Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Packaged Currants Market Size Forecast by Type
9.6.1 Blackcurrant
9.6.2 Redcurrant
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Packaged Currants Market Size Forecast by Applications
9.10.1 Online Sales
9.10.2 Offline Sales
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Packaged Currants Analysis and Forecast
10.1 Introduction
10.2 Europe Packaged Currants Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Packaged Currants Market Size Forecast by Type
10.6.1 Blackcurrant
10.6.2 Redcurrant
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Packaged Currants Market Size Forecast by Applications
10.10.1 Online Sales
10.10.2 Offline Sales
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Packaged Currants Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Packaged Currants Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Packaged Currants Market Size Forecast by Type
11.6.1 Blackcurrant
11.6.2 Redcurrant
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Packaged Currants Market Size Forecast by Applications
11.10.1 Online Sales
11.10.2 Offline Sales
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Packaged Currants Analysis and Forecast
12.1 Introduction
12.2 Latin America Packaged Currants Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Packaged Currants Market Size Forecast by Type
12.6.1 Blackcurrant
12.6.2 Redcurrant
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Packaged Currants Market Size Forecast by Applications
12.10.1 Online Sales
12.10.2 Offline Sales
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Packaged Currants Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Packaged Currants Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Packaged Currants Market Size Forecast by Type
13.6.1 Blackcurrant
13.6.2 Redcurrant
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Packaged Currants Market Size Forecast by Applications
13.10.1 Online Sales
13.10.2 Offline Sales
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Packaged Currants Market: Competitive Dashboard
14.2 Global Packaged Currants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kabako Gruppe
14.3.2 Karelia Berries
14.3.3 SPECIAL FRUIT
14.3.4 Windmill Hill Fruits
14.3.5 Xi'an Xiyu Minnong Natural Food
14.3.6 Kabako Gruppe
