Grapeseed Oil Market size to exceed $585mn by 2027
Published Date: July 22, 2021 Authors: Kunal Ahuja, Kritika Mamtani
Grapeseed Oil Market size is set to surpass USD 585 Million by 2027, according to a new research report by Global Market Insights Inc.
Rising prevalence of chronic diseases such as obesity, diabetes and low blood pressure owing to unhealthy lifestyle and lack of a balanced nutritional diet has boosted the demand for high performance supplements, which is expected to have a positive impact on the grapeseed oil industry size.
Grapeseed extract contains antioxidant compound oligomeric proanthocyanidin, which is known for providing superior health benefits. Grapeseed products enhance the effects of chemotherapy and prevent oxidative stress along with reducing liver toxicity. It is also useful for treatment of various neurological diseases such as Alzheimer’s disease by providing effective anti-inflammatory and antioxidant properties, which is expected to fuel grapeseed oil market share.
Easy and ecological technique should stimulate market demand from mechanical extraction segment
Global grapeseed oil market from mechanical extraction process is projected grow at a CAGR of around 2% over the forecast period. Extraction of grapeseed oil through mechanical extraction helps in yielding high production output with minimum usage of chemicals which are the key attributes driving the product demand globally.
Browse key industry insights spread across 155 pages with 158 market data tables and 29 figures & charts from the report, “Grapeseed Oil Market Statistics By Extraction Process (Mechanical, Chemical), Application (Food & beverages, Cosmetics, Healthcare), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Grapeseed oil industry from cosmetic applications is projected to surpass USD 240 Million by 2027, owing to increasing its usage in cosmetic industry.
Global grapeseed oil market from cosmetic applications is anticipated to witness around 4% CAGR during the forecast period. Rising consumer expenditure on chemical-free natural ingredients has significantly boosted the demand for organic skincare products, which is likely to drive the market statistics.
Grapeseed oil finds is effective in removing tan, moisturizing and removing aging spots. It contains approximately 73% linoleic acid which is further used in treating skin conditions such as acne, itchy skin and allergic reactions. The product is free from synthetic ingredients and contains moisturizing essential fatty acids.
Grapeseed oil in cosmetics finds use cases in softeners, makeup products, soaps, skin & hair care products as these products function as a skin-conditioning agent. It acts as an effective, non-greasy emollient with superior skin absorption properties, offers a mild toning effect and leaves the skin smooth, soft and conditioned which are the key driving factors for market expansion.
Growing preference for natural ingredients to drive the growth in Asia Pacific
Asia Pacific grapeseed oil market is anticipated to register over 4.5% CAGR between 2021 and 2027. Increasing urbanization has boosted consumer awareness towards the use of natural growth promoters, which has lowered the consumption of artificial additives. Grapeseed oil is extensively used as cooking oil owing to its ability to enhance the natural taste & texture. Increasing product innovations along with rising concerns towards a disease-free, healthy lifestyle will drive the product demand in the region.
Rapid urbanization, rising disposable income levels, along with growing consumer awareness regarding health issues is expected to propel the market share in the projected time period. Also, significant economic growth and urbanization has given rise to various risk factors for chronic diseases such as increased sodium and fat intake, and reduced consumption of vegetables & fruits, in favor of synthetic food products which contain excessive amounts of cholesterol and other lipids.
Key manufacturers of grapeseed oil market are also investing in several activities like mergers, acquisitions, collaborations and research & development as the product offers a wide array of application in food & beverage, healthcare, cosmetic and other sectors. Some of the key players operating in the industry are Tampieri Group, Borges International Group, Gustav Heess GmbH, Olitalia S.R.L., Pietro Coricelli, Food & Vine, Inc., ConnOils LLC, Aromex Industry, Oilseeds International, Oleificio Salvadori, Sophim, Mazola, Jan K. Overweel, and Mediaco Vrac.
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