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Grapeseed Oil Market Size By Extraction Process (Mechanical, Chemical), By Application (Food & Beverages, Cosmetics, Healthcare), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 - 2032

  • Report ID: GMI4394
  • Published Date: Jan 2023
  • Report Format: PDF

Industry Statistics

Grapeseed Oil Market size exceeded USD 480 million in 2022 and is projected to expand at more than 4% CAGR from 2023 to 2032.
 

The increasing emphasis of consumers on sustainability and environmental protection has stirred the demand for eco-friendly and sustainable products. The COVID-19 pandemic has also acted as a potential booster to prompt the public interest and concerns for nature, compelling several food-based companies to come up with options that support the environment. The production of grapeseed has thus picked up pace as it is relatively sustainable with no significant damages to air, soil, water, land, and forests. In recent years, organic or locally produced grapeseed oil has emerged as a sustainable choice in comparison to many other cooking oils. Hence, manufacturers and customers are actively ramping up their capacities to cater to the growing need for grapeseed oil.
 

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Presence of toxic elements in the production process to impede product demand

Grapeseed oil is produced from both sustainable processes as well as chemical extraction & refinement and hot-pressing techniques. However, most of the commercially available grapeseed oil is derived using harmful chemical solvents, including hexane as they act as air pollutants and neurotoxins. Grapeseed oil also contains high levels of PAHs (polycyclic aromatic hydrocarbons), known for affecting human health. The rising concerns of overheating grapeseed oil as it may lead to oxidization and bad taste may also limit business development.
 

Increasing rate of production through chemical process to enhance industry growth

Grapeseed oil market valuation from the chemical extraction process segment is anticipated to reach USD 260 million by 2032. Grapeseed oil is mainly derived by using chemical extraction and refinement. In order to produce oil that contains several valuable contents, such as lecithin and vitamin E, grape seeds would be required to be cold-pressed. Furthermore, transesterification and epoxidation processes are increasingly employed in the production of grapeseed oil. Rising popularity of deriving grapeseed oil using chemical solvents, like hexane as well as extraction with petroleum ether will also play an ideal role in the industry expansion.
 

Increasing interest in cosmetic products to propel business growth across Asia Pacific

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of grapeseed oil reached over USD 480 million in 2022 and is poised to exhibit nearly 4% gains from through 2032, led by the rising adoption of eco-friendly and sustainable food products.
The cosmetic application segment is likely to grow at over 4.3% CAGR through 2032, driven by the increasing demand for skin care products worldwide.
The APAC market is anticipated to record USD 140 million by 2032, powered by the surging usage of cosmetics & personal care products in the region.
Tampieri Group, Borges Mediterranean Group, Olitalia S.R.L., Pietro Coricelli, Food & Vine, Inc., ConnOils LLC, Aromex Industry, Oilseeds International Ltd., Oleificio Salvadori, Sophim, Mazola, and Mediaco Vrac are some leading manufacturers and suppliers of grapeseed oil worldwide.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 342
  • Countries covered: 22
  • Pages: 224
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