Product ID: SQMIG30H2148
Report ID: SQMIG30H2148 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 121 | Figures: 75
Grape Seed Oil Market size was valued at USD 473.49 million in 2021 and is poised to grow from USD 504.26 million in 2022 to USD 888.75 million by 2030, at a CAGR of 6.51% during the forecast period (2023-2030).
Grape Seed Oil is becoming popular since It offers several advantages such as it is high in antioxidants, heart, healthy skin nourishment, anti-inflammatory, and versatile.
The grape seed oil contains high levels of antioxidants that aid in shielding the body from harmful free radicals. These free radicals are known to damage cells and contribute to the development of chronic diseases such as cancer, heart disease, and Alzheimer's disease. Conversely, antioxidants can neutralize these harmful molecules, preventing or slowing down the damage they cause. It is also a healthy option due to its composition of low levels of saturated fats and high levels of unsaturated fats, which can help support heart health. The oil is rich in polyunsaturated and monounsaturated fats, which can lower bad cholesterol levels and increase good cholesterol levels. As a result, it can help reduce the risk of heart disease and stroke. Additionally, the oil is free of trans fats, making it a healthier alternative to other cooking oils.
Due to its high content of linoleic acid, grape seed oil is commonly utilized in skincare products to hydrate and nourish the skin. Linoleic acid is an omega-6 fatty acid that plays a significant role in maintaining the skin's barrier function and improving overall skin health. The oil is also lightweight and non-greasy, making it an excellent choice for facial serums and moisturizers. Additionally, grape seed oil contains vitamin E, which acts as an antioxidant and may help to protect the skin against environmental stressors.
It has a high smoke point, which means it can withstand high temperatures without breaking down and releasing harmful compounds. This makes it a suitable cooking oil for various high-heat cooking methods like frying and roasting. Apart from its culinary uses, grape seed oil is also commonly used in aromatherapy and massage therapy due to its light texture and mild aroma. It is believed to have relaxing and rejuvenating properties and is often used as a carrier oil for essential oils.
US Grape Seed Oil Market is poised to grow at a sustainable CAGR for the next forecast year.
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Global Grape Seed Oil market is segmented on the basis of Source of extraction, application, distribution channel, and region. By Source of extraction, the market is segmented into Conventional, Organic, and others. By Application, the market is segmented into Food and beverage industry, Cosmetic and personal care industry, healthcare industry, and others. By Distribution channel, the market is segmented into Supermarkets, hypermarkets, convenience stores, online retailers, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Grape Seed Oil Market Analysis by Application
The cosmetics and personal care segment is the dominant application segment in the grape seed oil market, accounting for the largest share. This is due to the numerous benefits of grape seed oil for the skin and hair, including moisturization, nourishment, and anti-aging properties, which have led to a high demand for grape seed oil in cosmetics and personal care products.
Meanwhile, the food and beverage industry is the fastest-growing segment in the grape seed oil market. There is an increasing use of grape seed oil in cooking and as a nutritional supplement, as it is high in unsaturated fats, antioxidants, and other beneficial properties. The growing demand for natural and healthy food products has led to an increase in the use of grape seed oil in various food and beverage applications, such as salad dressings, marinades, and baking.
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In terms of both value and volume, Europe dominated the grape seed oil market due to the growing demand for natural and organic products and the presence of major manufacturers in the region. The popularity of grape seed oil in Europe is attributed to its numerous health benefits, including its high antioxidant content and anti-inflammatory properties, which make it a preferred choice among consumers for various applications.
On the other hand, the Asia Pacific region is expected to witness the fastest growth during the forecast period. The region's increasing disposable income and growing awareness of the health benefits of grape seed oil are contributing to the growth of the market in this region. Additionally, the expanding food and beverage industry and the increasing demand for natural and organic products are expected to drive the demand for grape seed oil in the Asia Pacific region. With the increasing demand for natural and plant-based products, grape seed oil is expected to witness significant growth in this region in the coming years.
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Grape Seed Oil Market Drivers
Increasing demand for Natural Product to Bolster Market Growth
Grape Seed Oil Market Restraints
Price Volatility to Hinder Market Growth
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The grape seed oil market is a highly competitive industry with numerous players vying for market share. Companies compete based on various factors such as product quality, price, and distribution network. To keep up with the evolving consumer demand, companies are striving to enhance their product portfolio by offering premium quality grape seed oil products. Players in the grape seed oil market have adopted various strategies to expand their market presence and increase their customer base. Mergers and acquisitions, partnerships, and collaborations are some of the key strategies employed by these companies. In addition, they are investing in research and development activities to develop innovative products and gain a competitive edge in the market. The market is dominated by large multinational companies that have extensive product portfolios, strong brand images, and vast distribution networks. However, regional players are also making their presence felt in the market by offering high-quality products at competitive prices and leveraging their local distribution networks.
Grape Seed Oil Market Top Player’s Company Profiles
Grape Seed Oil Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
After conducting a thorough analysis of the global Grape Seed Oil market, we have identified several factors that we believe will contribute to its significant growth during the forecast period. One of the key advantages of the grape seed oil is its high antioxidant content, which makes it highly sought-after by health-conscious consumers. Additionally, its high content of unsaturated fats and low content of saturated fats make it an excellent choice for maintaining heart health. The oil's ability to nourish and hydrate the skin and its anti-inflammatory properties also contribute to its growing popularity in the cosmetics industry.
Furthermore, grape seed oil's versatility is another factor driving its market growth. It is widely used in various industries, including food, cosmetics, and aromatherapy. With the increasing awareness among consumers about the potential health risks associated with synthetic ingredients, there is a growing trend toward natural and organic products, and grape seed oil fits this trend perfectly, being a natural and plant-based product.
However, fluctuations in grape seed oil prices can occur due to various factors such as changes in the availability of grape seeds, production costs, and other related factors. It is, therefore, important for industry players to monitor these factors to ensure that they remain competitive and profitable in the market.
|Market size value in 2021
|USD 473.49 million
|Market size value in 2030
|USD 888.75 million
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Grape Seed Oil Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Grape Seed Oil Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Grape Seed Oil Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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