Sea Buckthorn Market Size, Share & Analysis Report By Form (Juice, Oil, Powder, Others), By Application (Dietary Supplements, Cosmetics, Food and Beverages, Pharmaceuticals, Others) Regional Forecasts, 2023 - 2032

Sea Buckthorn Market is estimated to be worth USD 0.41 Billion in 2024 and is projected to grow at a CAGR of 11% between 2024 to 2032.

The study has considered the base year as 2023, which estimates the market size of the market, and the forecast period is 2024 to 2032. The report analyzes and forecasts the market size, in terms of value (USD Billion), for the market. The report segments the market and forecasts it by Form, by Application and by region/country.

The market for the Sea Buckthorn market is significantly increasing due to the overwhelming demand for the nutritional aspect within the plant single handedly. As the population over the globe is moving at a very fast pace the need for the required daily intake of vitamins within the food is not fulfilled that’s where the plant with high composition of vitamins plays its role. Sea Buckthorn being a spinescent shrub, is also a deciduous, dioecious and hardy as it reaches 2-4 metres in height in its natural habitats and bears yellow/orange- red berries, which are basically referred as the ‘’Siberian Pineapple” in Russia, due to its taste and juiciness. Russia, China, Mongolia and most parts of Northern Europe are the natural habitat of the sea buckthorn.

It’s a very valuable and unique plant cultivated in various parts of the world, including Canada. It can withstand an extreme from - 43° to 40°C and is considered to be drought resistant, but still there is need of irrigation for the plants where the regions receiving rainfall less than 400 mm annually. The sea buckthorn develops an extensive root system rapidly, and therefore an ideal plant for soil erosion control, land reclamation because of its ability to fix nitrogen and conserve other essential nutrients and wildlife habitat enhancement.

After reviewing the data shown below, it can be determined that the Asia Pacific region dominates the Sea Buckthorn Market for the following reasons.
The Asia Pacific region is dominating the Sea Buckthorn market due to its vast biological existence within the region. China, being the largest producer of sea buckthorn contributes 90% of the total production. And the world’s second largest producer of sea buckthorn is the Himalayan region of India. The sea buckthorn is extensively used in China and India in the pharmaceutical and food sectors. Also, various sea buckthorn processing factories have been established producing over 200 products which makes the Asia Pacific region dominates the Sea Buckthorn Market significantly.

Segmentations

By Form

Based on Form, the Sea Buckthorn Market is bifurcated into Juice, Oil, Powder and Others– where Oil segment is dominating and ahead in terms of share. Sea buckthorn oil derived from berries is a source of valuable ingredients for cosmetic products. The unique combination of sea buckthorn oil ingredients, in qualitative and quantitative aspects, provides multiple benefits for internal and external use. Externally, sea buckthorn oil can be applied to both healthy and damaged skin (burns or skin damage of different etiology) due to its good wound healing properties.  The well-balanced content of fatty acids, carotenoids, and vitamins allows sea buckthorn oil to be incorporated into cosmetic products for dry, flaky, burned, irritated, or rapidly ageing skin. There have been more than 100 ingredients identified in sea buckthorn oil, some of which are rare in the plant kingdom. Which makes the Oil segment within the form segment, unique and dominating the Sea Buckthorn market.

By Application

Based on Application, the Sea Buckthorn Market is bifurcated into Dietary Supplements, Cosmetics, Food and Beverages, Pharmaceuticals and Others– where Dietary Supplements segment is dominating and ahead in terms of share.

Key Players

• SeabuckWonders
• SIBU
• Erbology
• Natures Aid Ltd.
• Wellsash

Drivers

Increasing Government Subsidies
Due to the increasing demand worldwide for the Sea Buckthorn is has gained more popularity within the Asia Pacific and other region due to its natural habitat. As China and Mongolia provide sufficient subsidies to the farmers to promote cultivation and collection of the Sea Buckthorn (SB) berries, in Mongolia, sea buckthorn is one of the major fruit crops and the average annual income of a sea buckthorn collection household was reported to be around $3413. Which act as a significant market growth driver for the Sea Buckthorn Market.

Opportunity

Innovation and Exploration of Untapped Potential
Functional research on sea buckthorn has yielded promising results across multiple application areas. In the medicinal field, extensive research focuses on the fruit, rich in vitamin C, E, beta-carotene, polyphenolic compounds, and catechins all powerful antioxidants. These components contribute to various biological activities, including antioxidant, anti-inflammatory, antimicrobial, and antitumor properties. These qualities position sea buckthorn as a potential complementary treatment option for chronic diseases like cardiovascular diseases, cancer, and inflammatory conditions. Also, the beauty industry has embraced sea buckthorn oil for its high content of antioxidants and fatty acids. Widely used in skincare products, it helps reduce skin inflammation, accelerate wound healing, and improve skin elasticity and hydration, leading to fewer wrinkles and dryness. Sea buckthorn oil offers a natural and effective solution for skincare, making a significant mark in the beauty industry.
Lastly, sea buckthorn boasts extensive applications in the food industry. Its berries are used to make juices, jams, wines, and health foods, enjoying popularity due to their unique sweet-sour taste and rich vitamin content. Sea buckthorn juice, rich in nutrients, provides a healthy dietary choice which opens new doors for the market growth opportunity for the Sea Buckthorn Market.