Grapeseed Oil Market size to exceed $560mn by 2025
Published Date: October 18, 2019 Authors: Kunal Ahuja
Grapeseed Oil Market size is set to surpass USD 560 million by 2025; according to a new research report by Global Market Insights, Inc.
The grapeseed oil industry shall witness significant gains from 2019 to 2025 owing to the rising consumer inclination towards plant-based ingredients in various end use applications. Grapeseed oil is high source of essential fatty acids such as omega-3 and omega-6 which substantially reduce the risk of heart diseases, cholesterol and acts as a suitable alternative to saturated fats & trans fats in the diet, thereby promoting its usage in food & beverage applications. Rising advancements in extraction of plant based derivatives along with ongoing trend towards a healthy lifestyle is expected to anticipate the grapeseed oil market growth.
Reduced energy consumption & high production yield to promote chemical extraction process
Extraction of grapeseed oil using chemical process involves low temperature operation to avoid oxidation of unsaturated fatty acids and utilizes chemicals such as hexane. The process is also known as solvent extraction which helps in delivering high production output with reduced energy consumption thereby making it an ideal technology for production. It also offers superior effectiveness in extracting oil from natural plants along with ease to realize industrial scale production.
Healthcare applications to witness strong gains for grapeseed oil consumption
Growing cases of various chronic diseases such as heart disease, diabetes, obesity, high cholesterol and nerve damage has promoted the usage of high quality nutrients & phytochemicals in food products. Grapeseed oil acts as a natural antioxidant which possesses antifungal & antimicrobial properties that help in enhancing immune function and contribute to a healthy body growth.
Global vegetable oil consumption volume in 2018 amounted over at USD 200 million tons in 2018 which shows favorable circumstances for product demand. High concentration of unsaturated fats helps in maintaining essential levels of omega fatty acids and promote effective cholesterol level. Further, optimum consumption of the grapeseed oil significantly helps in preventing joint inflammation & pain, boosts immunity, reduces oxidative damage and potentially improves bone strength thereby reducing the risk of arthritis.
Browse key industry insights spread across 160 pages with 159 market data tables and 30 figures & charts from the report, “Grapeseed Oil Market Size By Extraction Process (Mechanical, Chemical), By Application (Food & beverages, Cosmetics, Healthcare), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Rising demand for organic & natural ingredients to promote North America cosmetics industry
North America cosmetics market is expected to surpass at over USD 85 million upto 2025. High levels of GSO in cosmetics helps in superior moisture management, enhances healing process and gets easily absorbed by the skin without leaving behind any residue in comparison to other cosmetic oils. Grapeseed oil is beneficial in reducing wrinkles appearance, provides protection against free radicals and provides superior skin hydration and softening effects.
Increasing consumer base in the U.S., opting for organic cosmetic products owing to their chemical free nature and skin enhancing abilities is expected to have a positive impact on the grapeseed oil market growth. With increasing consumer knowledge towards the benefits of natural extracts, premium manufacturers in the U.S. and Canada are now utilizing botanical ingredients which offer high concentration of antioxidants & essential oils to achieve radiant & healthy skin.
The largest share of natural & organic beauty products market in the U.S. is contributed to skincare products which accounts for 40% of the market. Rising penetration of global brands and increasing consumer spending on personal appearance is likely to anticipate the grapeseed oil market growth.
Shifting towards clean label & healthy food options to accelerate functional food market in Europe
Growing consumer interest towards natural &non-synthetic ingredients majorly in UK and Germany has encouraged the production of sustainable & eco-friendly food products. Retail sales of organic food products in Germany amounted over USD 11 billion in 2017 while Switzerland recorded highest per capita consumption of organic food worldwide amounting over USD 315 in 2017. Various Europe based manufacturers such as Borges Mediterranean Group offer GSO with a healthy nutritional profile which is used as a cooking oil.
Grapeseed oil is extensively used in several food formulations pertaining to its ability to withstand high heat and reduce inflammation in the body. The product is a high source of fatty acids, linoleic acid which are not synthesized in the body and are required for healthy development & growth. The product is clean, imparts no after taste and is safe for deep-frying and other high temperature cooking.
The companies are concentrating towards new product development. Manufacturers in the grapeseed oil market are also indulged in joint ventures and partnerships to deliver new innovations & creativity to improve their product portfolio. Some key players include Henan Kunhua Biological Technology Co., Ltd, Mediaco Vrac, Food & Vine, Inc. and Borges Mediterranean Group.