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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

Grapeseed Oil Market Size

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.
 

Grapeseed Oil Market

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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.
 

Grapeseed Oil Market Analysis 

Global Grapeseed Oil Market Size, By Extraction process

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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.
 

Global Grapeseed Oil Market Revenue Share, By Application

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Grapeseed oil market from the cosmetic application segment is predicted to observe nearly 4% growth rate through 2032, driven by its increasing penetration in skin care products as it helps moisturize and dehydrated the skin as well as reduce the appearance of wrinkles and fine lines. Grapeseed oil is largely used in making cosmetics as it possesses the properties of being light and colorless while helping in penetrating, stimulating, as well as cleaning the skin well without impart an oily film. It also offers regenerative and moisturizing qualities. The presence of procyanidin in the oil to support tissue elasticity is another important factor driving the industry outlook.
 

Asia Pacific Grapeseed Oil Market Size, 2020- 2032  (USD Million)

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Asia Pacific grapeseed oil market size is expected to register over USD 140 million by 2032, powered by the surging usage of cosmetics & personal care products in the region. Japan is home to around 3,000 beauty care companies, including global brands that cater to the surging need for skincare products. The growing interest of consumers in knowing the contents of cosmetics has increased the preference for grapeseed oil on account of its numerous benefits. The increasing disposable incomes has prompted the higher consciousness for personal appearance. The escalating demand from the pharmaceutical sector will also help propel the business expansion in the region.
 

Grapeseed Oil Market Share

Top participants operating in the global grapeseed oil market include

  • Tampieri Group
  • Borges Mediterranean Group
  • Gustav Heess GmbH
  • Olitalia S.R.L.
  • Pietro Coricelli
  • Food & Vine, Inc.
  • ConnOils LLC
  • Aromex Industry
  • Oilseeds International Ltd.
  • Oleificio Salvadori
  • Sophim
  • Mazola
  • Jan K. Overweel Limited
  • Mediaco Vrac

These players are placing persistent efforts on various growth-driven strategies and capacity expansions to reinforce their geographical presence and scale up their revenues. To illustrate, in May 2021, Pietro Coricelli reported that it had a turnover of €125.8 million in FY 2020, up 8% year-on-year.
 

Impact of COVID-19 Pandemic

The COVID-19 outbreak had a positive impact on the grapeseed oil market due to its higher potential in helping prevent the SARS-CoV-2 infection. Grapeseed oil recorded significant consumption impelled by its antibacterial and antiviral properties, supported by a rising number of research activities. To illustrate, a team of researchers across the U.S. demonstrated the role of grapefruit seed extract (GSE) in potentially limiting the rate of infection through nasal sprays. The increasing preference for natural grapefruit seed extract (GFSE) for its beneficial therapeutic effects also influenced the industry progression during the pandemic.
 

The 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 2018 to 2032, for the following segments:

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Market Insights, By Extraction Process

  • Mechanical process
  • Chemical process
  • Others

Market Insights, By Application

  • Food & beverages
  • Cosmetic
  • Healthcare

Market Insights, By Region

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

 

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.

Grapeseed Oil Market Scope

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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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