Sea Buckthorn Oil Market

Global Sea Buckthorn Oil Market Size (2024 to 2029)

Sea Buckthorn Oil market share value is expected to grow at a CAGR of 6.8% during the forecast period 2024-2029 to reach USD 31.51 million by 2029 and 22.68 million by 2024.

For millennia, sea buckthorn oil has served as a natural remedy for a range of ailments. This oil is extracted from the berries, leaves, and seeds of the sea buckthorn plant (Hippophae rhamnoides), a small shrub found at high altitudes in the northwest Himalayan region. Often hailed as the "holy fruit of the Himalayas," it holds a prominent place in both Ayurvedic and traditional Chinese medicinal practices. Its purported benefits span from promoting healthier hair and skin to potentially lowering the risk of cancer and heart disease. Notably, sea buckthorn oil stands out as a rare plant-based source encompassing all four omega fatty acids—an unusual characteristic. Beyond its omega fatty acid content, sea buckthorn oil is distinguished by its composition, with over half of its fat content consisting of mono- and polyunsaturated fats—two forms of beneficial fats. Among its notable components are phytosterols, plant compounds endowed with antioxidant and anti-inflammatory attributes, guarding the body against damage and diseases, particularly heart-related conditions. In a study spanning 30 days, a daily intake of 0.15 teaspoons (0.75 mL) of sea buckthorn oil demonstrated the ability to lower blood pressure levels in individuals with hypertension. Notably, those with elevated cholesterol experienced reductions in triglycerides, total cholesterol, and LDL (low-density lipoprotein) cholesterol levels. Additionally, sea buckthorn oil's lipid content was found to accelerate cellular regeneration and renewal, according to a 2017 article. The oil also contains sterols, which enhance skin firmness and mitigate water loss, contributing to healthier skin. The Sea Buckthorn Oil Market share is anticipated to experience substantial expansion over the projected period, driven by its versatile applications across diverse industries.

The escalating interest in beauty and personal care items offers unexplored potential within the Sea Buckthorn Oil Market. Venturing into untapped geographical markets and enhancing the distribution infrastructure holds the key to unlocking further avenues for growth. Moreover, persistent dedication to research and development, aimed at uncovering novel applications and advantages of sea buckthorn oil, has the potential to unveil fresh market prospects.

Global Sea Buckthorn Oil Market Drivers:

The major market driver in the case of the Sea Buckthorn Oil market can be the burgeoning utilization of sea buckthorn plants in crafting diverse medicines and beauty products. The escalating global pursuit of economically viable and innovative nutraceuticals has reshaped consumer perspectives, fostering a deeper appreciation for the medicinal significance of ethnomedicine and the potential nutritional and therapeutic advantages of sea buckthorn. Distinguished by a distinctive amalgamation of nutrients, essential fatty acids, and vitamins, both the leaves and berries of the sea buckthorn plant are projected to trigger an upswing in demand. Furthermore, the presence of an array of health-enhancing agents, encompassing antioxidants, flavonoids, vitamin C, and more, has prompted the widespread endorsement of sea buckthorn leaves and berries in the commercial production of dietary supplements, extracts, herbal teas, animal feed, pharmaceuticals, and cosmetic items. The sea buckthorn oil market is expected to be supported by the increasing interest in sea buckthorn oil due to its diverse medicinal attributes. A prime example of this is the fruit oil derived from sea buckthorn, renowned for its abundant carotenoids, vitamin E, and phytosterols, all of which harbor beneficial medicinal attributes that can aid in treating diverse ailments.

Global Sea Buckthorn Oil Market Restraints:

The Sea Buckthorn Oil Market demand could potentially be hampered by factors such as limited awareness regarding the health advantages of sea buckthorn, which might dampen market expansion. However, countering this, the growing recognition of the benefits offered by sea buckthorn products has the potential to spur market growth through the establishment of advanced product manufacturing facilities and increased cultivation of the plant. Notably, sea buckthorn oil has garnered popularity as a constituent in various skincare products, believed to offer diverse advantages when applied topically. It's worth mentioning that the absence of extensive clinical trials examining both the medicinal and cosmetic effects of sea buckthorn currently presents a challenge. The popularity of sea buckthorn supplements in different forms, including oil, cream, and capsules, often combined with other herbal remedies, adds complexity to determining the most effective or beneficial form. As the research on this topic remains limited, it introduces uncertainty about which form of sea buckthorn holds the most promise. Consequently, these factors collectively contribute to the potential restraint of the sea buckthorn oil market's growth trajectory.

Impact of COVID-19 on the Sea Buckthorn Oil Market:

Industries across the globe encountered significant upheaval during the global COVID-19 pandemic, prompted by government-imposed lockdown measures to curb the virus's spread. These measures compelled manufacturing facilities to temporarily halt operations, leading to production standstills. Moreover, the worldwide availability of sea buckthorn oil encountered impediments due to scarcities in raw materials and disruptions in the supply chain, arising from import and export restrictions enforced by various countries. The sea buckthorn oil market felt a mix of positive and negative impacts as a result of the COVID-19 pandemic. While the demand for personal care and wellness products remained robust, disruptions in supply chains and reduced consumer spending exerted a drag on market expansion. Nevertheless, the market exhibited resilience, and the growing emphasis on health and well-being is projected to fuel the recovery and future expansion of the sea buckthorn oil market.

REPORT COVERAGE: 

This research report on the global Sea Buckthorn Oil Market has been segmented and sub-segmented based on type, application, and region. 

Global Sea Buckthorn Oil Market - By Type:

• Sea Buckthorn Oil Virgin
• Sea Buckthorn Organic

Based on type, the Sea Buckthorn Oil Virgin segment has dominated the Sea Buckthorn Oil market in 2022. On the other hand, sea buckthorn organic is projected to experience the fastest growth during the forecast period, driven by its nutritional advantages including carotenoids, fatty acids, phytosterols, and tocopherols.

Global Sea Buckthorn Oil Market - By Application:

• Dietary Supplements
• Food & Beverage
• Pharmaceutical
• Others

Based on the application, the dietary supplement is expected to dominate the Sea Buckthorn Oil Market value during the forecast period. This prominence stems from its role in addressing gastrointestinal disorders like ulcers, enhancing visual acuity, and supporting optimal brain and nerve functionality. It's important to note that individuals with diabetes or those taking blood sugar-lowering medication are also determined to test the suitability of sea buckthorn as a supplement. This is due to emerging evidence suggesting that sea buckthorn may have the capacity to lower blood sugar levels. On the other hand, the food & beverages sectors are also generating profitable revenue in the sea buckthorn oil market.

Global Sea Buckthorn Oil Market – By Region:

• North America
• Europe
• Asia-pacific
• Middle-East and Africa
• Latin America

Based on region, in the upcoming years, the Asia-Pacific region is expected to grasp a substantial portion of the global sea buckthorn market. Abundant access to sea buckthorn as a raw material in countries like India and China is poised to present novel prospects for stakeholders in the Asia-Pacific market. The escalating recognition of the sea buckthorn plant's benefits, alongside the growing demand for products containing sea buckthorn, is foreseen to be a driving force within this region.

Moreover, Europe, too, is poised to witness noteworthy expansion within the global sea buckthorn oil market. The expanding array of applications for the sea buckthorn plant, along with the well-established beauty and personal care sector in the region, are anticipated to be pivotal in propelling the market growth. Furthermore, the increased use of sea buckthorn fruit in medicinal preparations is projected to contribute positively to market expansion. The growing health awareness and the adoption of health and dietary supplements among both the elderly and young populations in the region are anticipated to further stimulate market growth of the sea buckthorn oil market.

KEY MARKET PLAYERS:

Key players of global Sea Buckthorn Oil Market are SeabuckWonders, Wellsash, W.S. Badger Company, Inc, Natures Aid Ltd, Erbology, SIBU, WELEDA, Leh Berry, Natura Health Product, Terezia.

RECENT HAPPENINGS IN THE MARKET:

In April 2020, Sea Buckthorn Farm, a company headquartered in the United States, introduced a high-quality blend of sea buckthorn oil to the market. The company asserts that this extracted oil holds a crucial role in promoting overall well-being through consistent consumption.