Grape seed extracts Market is an industrial derivative of grape seeds; it contains a vast array of health-benefiting ingredients, such as carbohydrates, protein, polyphenols and lipids. Grape seed extracts also protect the blood vessel walls from inflammatory stress, the brain from low oxygen states and the skin from UV radiation damage. Due to its benefits on these systems, it has been shown to reduce the risk of skin cancer, protect against dementia and improve blood pressure. Various studies have also shown the impact of grape seed extracts on slowing cancer growth and initiating cancer cell death. Grape seed extracts is also used as a natural alternative to synthetic preservatives.
By form type, powder and liquid type is widely used. They are extensively used in food industry as dietary supplements. At present, powder and liquid form accounts for more than one third of the market share and projected to maintain its dominance over the coming few years. Gel form grape seed extract is mainly used in cosmetics industry.
By application, grape seed extracts are widely used in the food industry. Grape seed extracts are extensively used across in various applications such as functional food, functional beverages, and dietary supplements among others. The rising trend of maintaining a healthy lifestyle by following organic and natural eating habit is projected to foster the grape seed extracts market growth positively. Cosmetic segment is projected to be the fastest growing application of grape seed extracts. Grape seed extracts is considered to be one of the most valuable natural skin care ingredients. It is recognized as being efficient across an extensive spectrum of skin types, conditions and ages and is used in many skin care products.
The rising demand for antioxidants and dietary supplements among the geriatric population is projected to enhance market growth. Increasing applications of grape seed extracts in the pharmaceutical, cosmetic and food industries is projected to boost overall market demand.
Geography wise grape seed extracts market is segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). At present, North America dominates the grape seed extracts market and projected to maintain its dominance over the coming few years. Europe accounts for the second-largest share of the grape seed extracts market due to favorable laws and regulations implemented. Asia Pacific is projected to be the fastest growing market driven by increasing usage of grape seed extracts in the food & pharmaceutical sector. China and India are projected to witness significant growth over the coming few years. The availability of raw materials in Asia Pacific is also projected to contribute towards the growth market.
In 2020, powder form accounted for the largest share and was valued at US$ 178.77 million. It is also projected to grow at the highest CAGR over the forecast period of 2021 to 2029. It contains a high amount of polyphenols which are beneficial for human health. Therefore it is widely used in food industry as dietary supplement. Followed by powder, liquid form accounts for the second largest share of the market. Liquid form of grape seed extracts is broadly used in food and pharmaceuticals sectors.
Grape seed extracts in the form of gel mainly finds its application in cosmetics. Increasing applications of grape seed extracts in the pharmaceutical, cosmetic and food industries is projected to boost overall market demand.
Grape seed extracts are widely used across in various applications such as food, pharmaceuticals, personal care and others. In 2020, food segment accounted for the largest share of 49.9% in terms of volume. The usage of grape seed extracts as an ingredient in the dietary supplements market is projected to boost the overall growth. Growing trend of maintaining a healthy lifestyle coupled with the habit of eating natural and organic food products is one of the key factors driving the growth of the grape seed extracts industry.
Due to its anti-ageing and antioxidants properties grape seed extracts are also finds its application in personal care and skin care products. Furthermore, grape seed extracts uses in medicines and dietary supplements are surging popularity worldwide. Increasing usage of grape seed extracts in the pharmaceutical and cosmetic industry is also projected to fuel industry growth over the coming years.
In 2020, North America dominated the grape seed extracts market and was projected to be USD 156.0 million. The growth in this region is driven by increasing usage of grape seed extracts in food and personal care sector. Presence of multinationals also make grape seed extracts products easily assessable. In the same year, Europe was projected to account for the second-largest share of the grape seed extracts market owing to favorable laws which promotes to manufacture healthy food products. The grape seed extracts market in Europe is projected to grow on account of increasing demand for dietary supplements.
Asia Pacific is projected to be the fastest growing market owing to rising awareness about the nutritional and medicinal properties of grape seed extracts. Moreover growing geriatric population, diet issues and skin diseases among people are also projected to boost overall market growth in this region.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Grape Seed Extracts market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
Segmentation | |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report