Grape Seed Extracts Market Analysis

Grape Seed Extracts Market Analysis

Grape seed extracts market is bifurcated based on form such as liquid and powder. Powder segment exceeded 6.9 kilo tons in 2020 owing to its widescale utilization in dietary supplements and functional food & beverage products. Moreover, excellent results of powder form in encapsulation process have augmented the utilization of product in numerous cosmetic formulations, pharmaceutical tablets, and supplements. Besides, the product is used for strengthening immune system, prevent hair loss, and control oxidative damage which is expected to stimulate segment growth.
 

Several studies reveal that nanofibers containing grape seed extracts powder can have the potential to be incorporated into packaging materials to increase the shelf life of foods by preventing the oxidation reactions occurring in foods. Increasing prevalence of gluten-free and lactose intolerance among the consumer supported by rising health consciousness has urged the manufacturers to develop innovative products to serve the ongoing consumer demand. For instance, Bulk Powder, a UK based company launched grape seed extracts powder made from red grapes, which can be consumed by lactose and gluten intolerant consumers.
 

Grape seed extracts market is bifurcated based on application as food & beverages, cosmetics & personal care, dietary supplements, and pharmaceutical. Food & beverages segment will witness high demand owing to the surging demand for plant-based antioxidants and antimicrobial agents in numerous products. The segment will generate revenue of over USD 74 million by 2027. ActiVin is an antioxidant present in the product which is used for its application in health drinks, dairy products, and bars. Besides, ActiVin is also used in flavor formulation in functional food and beverages without affecting the final flavor of the product.
 

Positive application scope of product as preservatives in meat items will propel the market statistics. Several studies reveal that adding high concentration of grape seed extracts in processed meat reduces the level of oxidative stress, without affecting the colour. Thus, grape seed extracts are widely utilized in food & beverage industry and are seen to replace synthetic preservatives such as BHT and BHA in future.  Also, willingness of consumers to pay more for food & beverage products fortified with natural ingredients will boost the overall industry outlook.
 

North America grape seed extracts market will reach more than USD 89 million by 2027. The region is witnessing rising demand for nutritional supplements owing to growing inclination towards health, fitness, wellness, and adoption of a healthy diet, particularly in the U.S. Factors such as busy lifestyle, aging population, and increasing populace with high blood pressure, diabetes, kidney disease, and cardiovascular disease will fuel the industry size. Also, changing dietary habits, rising dietary supplement consumption accompanied by increasing healthcare spending per capita are among the key factors supporting the regional growth. Surge in diabetes and obesity patients in the region coupled with increasing awareness on weight-loss programs and dietary products will boost the regional industry forecasts.
 

Strong growth in pharmaceutical industry along with increasing R&D activities in the region will drive the product demand. Presence of leading manufacturers and raw material suppliers in the region will offer myriad opportunities for regional growth. Moreover, increasing investments in pharmaceutical industry for development of medicines along with rising number of chronic diseases will fuel business expansion.