The global grape seed extract market size is expected to reach US$ 369.6 Mn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 4.8% CAGR between 2020 and 2030. According to the report, rising awareness regarding the health benefits with the consumption of grape seed extracts is the major factor driving the market growth. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
It includes in-depth insights into the grape seed extract market. Some of these are:
- The estimated value of the market was at US$ 231.3 Mn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- North America dominated the global grape seed extract market.
- A variety of countries around the world have started to implement very tough steps to avoid the spread of the Covid-19 outbreak.
- Countries and world capital were placed under tight lockdown, putting a total halt to the major manufacturing chains.
- Asia Pacific is the fastest growing market.
- The food and beverages category is expected to grow at the fastest pace.
- Key players are likely to focus on product innovations to stay relevant in developed markets.
“The market for global grape seed extract is driven mainly by health consciousness among consumers and the multitude of health benefits this product brings with it.,” said a lead analyst at FMI.
Increasing Health Consciousness among the Consumers Will Boost Growth
Rising importance of grape seed extract as a functional ingredient that aids in weight loss, cellulite reduction, and improvement of the immune system is expected to have a strong impact on market growth. Furthermore, these extracts are recommended for treatment of diseases like candidiasis, throat infections, ear aches, and diarrhoea on account of their exceptional anti-bacterial and anti-fungal properties. Dietary supplement manufacturers are expected to increase the use of grape seed extracts in the formulation of health supplements to limit the occurrences of heart diseases over the next few years.
Who is Winning?
Some of the leading players operating in the clean label ingredients market are Indena S.p.A., Botanic Innovations LLC., Polyphenolics, Naturex and Nexira.
For More Detailed Insights on Grape Seed Extract Market
These key manufacturers are mostly from North America and Europe owing to market opportunity in these regions. However, understanding the growth prospects over emerging countries, companies are now expanding their manufacturing units over Asia pacific, Middle East and Latin America as well.
In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.
Get Valuable Insights into Grape Seed Extract Market
Future Market Insights, in its new report, presents an unbiased analysis of the global grape seed extract market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. In terms of product, the market can be segmented into powder, liquid and gel. Based on application, the market can be classified into food industry, pharmaceutical industry and personal care industry. Regionally, the market can be segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa.
About Food & Beverages division of FMI
Expert analysis, actionable insights, and strategic recommendations - the Food & Beverages team at FMI helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 100+ countries for over a decade. The team provides end-to-end research of the global food & beverage market and consulting services; know how we can help.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.