Grapeseed Oil Market Size By Extraction Process (Mechanical, Chemical), By Application (Food & Beverages, Cosmetics, Healthcare), Industry Analysis Report, Regional Outlook, Application Potential, Covid-19 Impact Analysis, Price Trends, Competitive Market Share & Forecast, 2021 - 2027

Industry Trends

Grapeseed oil market size exceeded USD 445 Million in 2020 and is estimated to grow at over 4% CAGR between 2021 and 2027. Rapid expansion of healthcare industry and increasing inclusion of grapeseed oil in food & beverage processing is driving the overall market growth.
 

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The growing trend towards a healthier lifestyle and shift in consumers’ interest towards the use of naturally derived products is projected to boost the grapeseed oil industry share. Rising cases of lifestyle disorders has such as cardiovascular diseases, bone & joint problems has boosted the demand for high quality ingredient formulations from numerous industries including pharmaceuticals and food & beverage.
 

Increasing investment by several manufacturers towards research & development of plant-based ingredient formulations further is expected to present lucrative opportunities for market expansion. In addition, advancements in technology have paved the way for sustainable grapeseed oil production, expanding its scope of usage in several applications.  Manufacturers are engaged in product and technological innovations to reduce the overall extraction & manufacturing cost.
 

Increasing consumer shift towards the use of natural ingredients owing to their superior health benefits will support the market size. In addition, growing consumer awareness towards the adverse effects of artificial growth promoters in therapeutic drugs and supplemental formulations should foster grapeseed oil market statistics.
 

The ‘move-to-organic’ trend has also presented lucrative growth opportunities. Rising consumer expenditure on chemical-free cosmetic products containing natural ingredients has significantly boosted the demand for organic skincare products, which is likely to drive the grapeseed oil industry outlook. Growing consumer awareness towards the adverse effects of synthetic additives in cosmetic formulations has urged manufacturers to bring about innovations in the manufacturing of beauty products, favorably impacting product demand.
 

Rising awareness and disposable income levels has led to growing adoption of skincare products with anti-aging properties. This trend is expected to have a substantial impact on the growth of the organic skincare products and support the demand for grapeseed oil across the globe.
 

Nutrition & vitamin-rich products’ demand to drive grapeseed oil revenue in food & beverage applications

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Global grapeseed oil market from food & beverage applications was valued at over USD 170 million in 2020. Grapeseed oil contains high amounts of vitamin E and essential fatty acids which make it an ideal healthy cooking oil in comparison to other vegetable oils. Growing technological advancements have enabled manufacturers to utilize effective extraction processes to extract oil from grape seeds, which is likely to have a positive impact on the product demand.
 

Further, grapeseed oil is widely used in the food & beverage industry majorly as a substitute for canola, peanut, sunflower, olive, safflower, and almond oils. It is utilized for various cooking purposes including sautéing, stir frying, baking, salad dressings and marinades. It contains a high number of antioxidants and polyunsaturated fats which provides health benefits such as lowering blood cholesterol levels and reducing the risks of heart diseases.
 

Grapeseed oil contains essential polyunsaturated fats such as Omega 3 and Omega 6 which are effective in maintaining overall heart health
 

Higher yield efficiency and easy production should propel chemical extraction of grapeseed oil

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Global grapeseed oil market from chemical extraction process is likely to surpass USD 190 million by 2027. Chemical extraction works on the basis of solvent extraction and super critical extraction technology; it involves the use of an organic solvent to extract oil from crushed grape seeds. These methods require an external solvent to filter, and distillate crushed seeds to deliver refined grapeseed oil.
 

The chemical extraction process provides a higher yield efficiency and is an easy to operate and cost-effective method to recover grapeseed oil from raw grape seeds. Another chemical extraction technique involves supercritical CO2 extraction. The method offers a low temperature operation, provides advantages of high extraction yield and no residual solvent, and avoids the oxidation of unsaturated fatty acid decomposition. It is a new extraction technology widely used in food, medicine, chemical industry, and other related applications. The process provides advantages of high extraction yield with no residual solvent which further enhances its usage in food and chemical industry, thus driving the global grapeseed oil market size.
 

Increasing demand for eco-friendly and sustainable food products is stimulating grapeseed oil industry expansion in North America

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North America grapeseed oil market size is expected reach around USD 200 million by 2027, as consumers are steadily moving towards natural products. Consumers increasingly prefer organic, non-GMO and sustainable food products owing to rising concerns regarding food safety. Grapeseed oil is eco-friendly in nature as it is extracted from the seeds of grapes which would otherwise be discarded.
 

There are various environmental concerns associated with conventional agriculture such as soil erosion, water problems, GMO, and pesticide contamination. Grapeseed oil is commonly produced from certified organic black wine grapes without the use of solvents or chemical processing, which is projected to fuel the regional market share.
 

Innovative product launches and continuous R&D activities to be key business strategies incorporated by major market players

The global grapeseed oil market is fragmented, and key players include Mediaco Vrac, Tampieri Group, Oleificio Salvadori, Olitalia and Pietro Coricelli, etc. Major market players cater their grapeseed oil products to a wide range of application industries such as healthcare, cosmetic, food and beverages. Thereby, in order to strengthen their market position, manufactures are engaged in product development, mergers, acquisition and other related activities.  For instance, On 26^th September 2019, Olitalia has invested in research and development and strategically invested in communication strategy involving publicity campaigns dedicated to target consumers in order to increase brand awareness.
 

Grapeseed oil Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2016 to 2027 for the following segments:

Market, By Extraction Process

• Mechanical
• Chemical
• Others

Market, By Application

• Food & Beverages
• Cosmetics
• Healthcare

The above information has been provided for the following regions:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Switzerland
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Malaysia
• Latin America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa