Grapeseed Oil Market size is expected to cross $710 million by 2032, according to a new research report by Global Market Insights Inc.
The rising interest of consumers in cosmetic products, mainly in the European nations along with the higher demand for personal care & cosmetics products considering their rapid effects will boost the market expansion. The rapidly expanding aging population has stirred the optimum adoption of anti-aging creams as well as anti-cellulite skin care products, mainly in developing regions. Grapeseed oil is largely favored for its anti-microbial, anti-inflammatory, and antioxidant properties, subsequently augmenting its usage in cosmetics. It also acts as a versatile cooking oil to cater to uses in multiple different ways for flavor additions.
The easy availability of substitutes, such as canola oil, safflower oil, avocado oil, and olive oil among others along with the higher production costs may impede the grapeseed oil market demand. The consumption of grapeseed oil is also found unsuitable for people with nut allergies. However, the surging concerns regarding exposure to harmful skin rays and cancer together with the consequent increasing need for sun care cosmetics products are other factors anchoring the market revenue.
Rising preference for mechanical processes for improved yield to spur the market growth
The grapeseed oil market size from the mechanical extraction process segment is projected to witness over 4% CAGR through 2032. Several mechanical processes are employed in the small-scale and large-scale production of grapeseed oil. Screw pressing is one of the most efficient processes for generating grapeseed oil with a high yield. The demand for the GAME process has also gained wide momentum as it allows the extraction of more polyphenols in comparison to screw pressing while acting as an interesting process for high oil yield. The higher deployment of the expelling process for producing grapeseed oil is another important factor pushing the industry growth.
Browse key industry insights spread across 224 pages with 315 market data tables and 27 figures & charts from the report, “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” in detail along with the table of contents:
Increasing need for anti-inflammation in the healthcare sector to propel product demand
The healthcare application segment is likely to register $100 million by 2032, driven by rising penetration in the medical and pharmaceutical domains. This can be accredited to the fatty acid composition of grapeseed oil as well as its positive characteristics, including easy digestibility and anti-inflammatory effects. It also possesses beneficial cardioprotective, antimicrobial, and anticancer properties mainly detected by in vitro studies. Grapeseed oil is also utilized for treating skin disorders, such as acne, atopic eczema, and psoriasis on account of its linoleic acid content. Increasing demand to cater to the rising need for a higher amount of essential fatty acids for growth and neurological development in premature babies will also drive the industry expansion.
Surging R&D investments to anchor market development in Europe
Europe grapeseed oil market is predicted to surpass $270 million by 2032, on account of the swiftly expanding food & beverage sector. The significant developments in the cosmetics market in Europe are opening new opportunities for grapeseed oil manufacturers from developing countries. Regional consumers are increasingly making use of cosmetics and personal care products for boosting their self-esteem, enhance their well-being and protecting their health. The rising number of R&D investments and the increasing development of intangible assets, such as brands are estimated to enhance the competitiveness of the European economy, further contributing to the regional market demand.
Competitive landscape of the grapeseed oil industry
Some of the leading companies involved in the 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, and Mediaco Vrac. Innovations, capacity expansions, acquisitions and partnerships are some leading inorganic marketing strategies initiated by these firms for improved market presence.
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