The Grape Seed Oil market is estimated to register a CAGR of 4.30% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Grape Seed Oil market— Siemens Mediaco Vrac, Lesieur Solutions Industries, Borges International Group, Aromex Industry, Tampieri Group, Gustav Heess GmbH, Now Foods, Parchem fine & specialty chemicals, Polyphenolics and Botanic Innovations LLC.
Grape Seed Oil Market Highlights
The global Grape Seed Oil market is accounted to register a CAGR of 4.30% during the forecast period and is estimated to reach USD 0.65 billion by 2032.
The grape seed oil market is growing due to increasing awareness of its health benefits, including high antioxidant content and potential cardiovascular advantages. As consumers seek healthier cooking alternatives, Grape Seed Oil's light flavor, versatility, and nutritional profile contribute to its popularity. Additionally, the oil's applications in the cosmetic and personal care industry further drive demand. The growing trend towards natural and functional ingredients in various consumer products fuels the expansion of the Grape Seed Oil market.
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Segment Analysis
The global Grape Seed Oil market has been segmented based Pressing and Application.
On the basis of pressing, the market is segmented into Mechanically by Pressing, Chemically Extracted and Others. The chemically extracted category captured the largest market share in the grape seed oil market in 2022, due to its efficiency and cost-effectiveness.
Based on application, the global Grape Seed Oil market has been segmented into Food Industry, Personal Care & Cosmetics, Supplements & Healthcare and Others. The supplements and healthcare category have captured the largest market share in the grape seed oil market in 2022, due to the oil's perceived health benefits.
Regional Analysis
The global Grape Seed Oil market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Grape Seed Oil market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Grape Seed Oil market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Grape Seed Oil market comprises of Middle East, Africa, and Latin America.
The largest market share for Grape Seed Oil was maintained by the North American regional sector. North America has secured the largest market share in the grape seed oil industry due to a heightened consumer focus on health and wellness. The region's robust demand is driven by the incorporation of grape seed oil into nutraceutical products and the growing popularity of natural and functional ingredients in the food and healthcare sectors. Additionally, a well-established cosmetic and personal care industry contributes to the widespread use of grape seed oil in skincare formulations. These factors, combined with a mature market and increasing consumer awareness, position North America as a dominant force in the grape seed oil market.
Moreover, the Europe market has been persistently growing over the forecast period. Europe has secured the second-largest market share in the grape seed oil industry due to the region's inclination towards natural and healthy dietary choices. The demand is driven by the adoption of grape seed oil in culinary applications, considering its mild flavor and nutritional benefits. Additionally, the robust presence of the cosmetic and skincare industry contributes to the widespread use of grape seed oil in personal care products. A focus on wellness, coupled with a mature market infrastructure, establishes Europe as a significant player in the grape seed oil market.
The Asia Pacific region is experiencing the highest Compound Annual Growth Rate (CAGR) in the grape seed oil market due to a rising awareness of health benefits and increasing consumer demand for natural products. The region's expanding population, economic growth, and changing dietary preferences contribute to the surge in grape seed oil consumption. Additionally, the growing popularity of grape seed oil in cosmetics and personal care products, driven by beauty and wellness trends, further propels the market's rapid growth in the Asia Pacific region.
Furthermore, the rest of the world's Grape Seed Oil market is divided into the Middle East, Africa, and Latin America. The global growth of Grape Seed Oil market can be attributed to increasing awareness of its health benefits, including high antioxidant content and versatility in culinary and cosmetic applications. Growing demand for natural and healthy products, coupled with expanding consumer preferences for plant-based oils, further drives market expansion worldwide.
Key Findings of the Study
- The global Grape Seed Oil market is expected to reach USD 0.65 billion by 2032, at a CAGR of 4.30% during the forecast period.
- The Asia Pacific region is experiencing rapid growth in the Grape Seed Oil market due to rising health consciousness, increasing disposable income, and a growing demand for natural and nutritional products, especially in the food and cosmetic industries.
- Based on application, the supplements and healthcare segment was attributed to holding the largest market in 2022, with an approximate market share of 30–35%.
- Mediaco Vrac, Lesieur Solutions Industries, Borges International Group, Aromex Industry, Tampieri Group, Gustav Heess GmbH, Now Foods, Parchem fine & specialty chemicals, Polyphenolics and Botanic Innovations LLC
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Companies Covered | 15 |
Pages | 128 |
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