Global Grape Seed Extract Market to Reach US$ 369.6 Mn by 2030
The global grape seed extract is projected to reach US$ 369.6 Mn by the end of 2030. The market was valued at US$ 231.3 Mn in 2020. If these figures hold true, the market will exhibit a CAGR of 4.8% between 2020 and 2030. Regionally, North America dominated the global grape seed extract market. However during the forecast period, Asia Pacific is expected to emerge as a fastest growing market. 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.
KEY RESEARCH FINDINGS
- The market for grape seed extract is majorly buoyed by health consciousness among consumers and the multitude of health benefits of the product.
- North America dominates the grape seed extracts market and expected to maintain its dominance during the upcoming few years.
- The food industry continues to be the key consumer industry for grape seed extract market.
- At present, liquid form accounts for more than one-third of the market share and expected to maintain its dominance during the coming few years.
- The Asia Pacific is projected to be the fastest growing market driven by rising usage of grape seed extracts in the food and pharmaceutical sector.
- China and India are anticipated to witness significant growth over the coming few years.
KEY FACTORS PROPELLING GRAPE SEED EXTRACT MARKET
Upsurge in Cardiovascular Disorders to Boost Consumption
FMI finds that, notable portion of demographics in the US complain of cardiovascular disorders. The US Department of Health & Human Services suggested that heart-related issues are responsible for about 610, 000 fatalities every year. Case in point, coronary heart disease (CHD) causes around 370,000 fatalities a year. In line with these facts and figures, dietary supplement producers are turning their sights to grape seed extracts for developing health supplements in order to curb the incidences of cardiovascular disorders.
Nutritional Supplements to Attract Greater Stakeholders’ Attention
Grape seed extract manufacturers continue to target nutritional supplements for bigger margins, which capture over 2/5th overall market value. Grape seed extract is a critical component in supplements as it offers cost-effective way of obtaining plant-sourced antioxidants. These supplements find utilization in several purposes - beauty, vision enhancement, and cardiovascular support. Companies are increasingly investing in product innovation to tap potential growth avenues in nutritional supplements.
APAC to Offer Opportunities for Growth and Profitability
Asia Pacific (APAC) represents the most lucrative grape seed extract market. Rising consumer awareness regarding healthy lifestyle, particularly in developing countries including, China, and India, is critical in shaping regional market. FMI reveals that, Indian consumers are showing greater interest towards wellness and fitness products. As such, market players are channelizing their resources toward APAC.
However, the coronavirus (COVID-19) pandemic has resulted in logistics paralysis, especially in China – origin of the pandemic. Government in the country has imposed travel bans, and self-quarantine regulations. In addition, several industries are undergoing manufacturing slowdown to avoid further contagion. As such, the grape seed extract in APAC is expected to witness temporary downturn in 2020.
GRAPE SEED EXTRACT MARKET STRUCTURE ANALYSIS
- Leading players in grape seed extract market are looking to expand their manufacturing units over developing regions.
- In addition, manufacturers are focusing on product innovation in order to sustain their business footprint.
Base year considered
Actual estimates/Historical data
2015 - 2019
2020 - 2030
Market Value in 2020
US$ 231.3 Mn
Product Type, Application, Form.
North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa.
Indena, Botanic Innovations, Polyphenolics, Naturex, Nexira, Augusto, Bellinvia, Naturias, Nutribiotic, N-Essentials, and Gse Vertrieb.
Revenue forecast, company share, competitive landscape, growth factors, and trends
Medicinal Properties Aiding in the Demand
Traditionally, grapes along with leaves and sap have been used as treatments for their nutritional and medicinal properties in Europe for thousands of year. Grape seed extracts help healing wounds and in treating diseases. For instance, balance of cholesterol, blood pressure, atherosclerosis and macular degeneration are some of the diseases, which can be cured with the help of grape seeds intake. Moreover, it is used to prevent nerve damages, UV radiation damage and cancer. It is observed that grape seed extracts more effective than chemotherapy in advanced cancer, however, more research are going on grape seeds for better medical value for cancer patients. Grape seed extracts are industrial derivatives from whole grape seeds. Grape seed extracts have a large concentration of vitamin E, linoleic acid and flavonoids.
Growing Disposable Income Boosting the Market Growth
In 2018, North America dominated the global grape seed extract market, accounting for more than 40.0% of the total revenue. Growing consumer awareness regarding following a medicine-free lifestyle is a key factor driving the market. Consumer spending on health, fitness, and wellness has increased tremendously in recent years, supported by high disposable income. The increasing usage of personal care products and dietary food supplements has created a significant demand for grape seed extracts in North America. The strong foothold of processing firms in U.S. is also anticipated to propel market growth. However, restricted demand due to coronavirus outbreak and disrupted supply-chain may negatively impact the market.
Asia Pacific is the fastest growing market. Increasing consumer awareness about healthy living and growing disposable income, especially in developing countries such as China and India, is expected to boost the growth of the market. It has been observed that Indian consumers are increasing their spending on wellness and fitness products. This will give the market a major boost, enabling the country to emerge as the fastest growing market in the region. Due to COVID-19 outbreak, entire China supply chain is disrupted, global travel has been disrupted, the impact that this has on the spending that happens because of this has stopped.
* This data is only a representation. Actual data may vary and will be available in report.
Nutritional Supplements Dominating the Market
The nutritional supplements segment dominated the grape seed extracts market in 2018, accounting for a share of over 40.0% that year. Grape seed extract is usually included in supplements as it is a more economical way of gaining plant-based antioxidants. Such supplements are available for different purposes, such as beauty, cardiovascular support, and improving vision. Companies are investing in product innovation to compete in this product segment. Most dietary and nutraceutical supplements are contain the powdered form of grape seed extracts and consumers prefer this form as it is affordable and very convenient to use. U.K.-based company Bulk Powder launched seed extract powder made from red grapes, which can be consumed by gluten- and lactose-intolerant consumers.
Powder and liquid held lion’s share in the market
Gel segment to remain the second-lead
Nutritional supplements segment holds dominance
Food and beverages segment to rise at a higher CAGR
How Growth will Unfold
The market for grape seed extract is driven mostly by health consciousness among consumers and the multitude of health benefits this product brings with it. Heart disease is one of the two gravest since grape seed extract (GSE) and American health concerns, has been proven helpful in preventing cancer, it is one of the reasons for driving the demand of this product in North America. The food industry is dominating the global grape seed extract market. Grape seed extracts are widely used in the food industry. Grape seed extracts are extensively used across in numerous applications such as functional food, functional beverages, and dietary supplements among others. The increasing trend of maintaining a healthy lifestyle by following organic and natural eating habit is expected to foster the grape seed extracts market growth positively.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Grape Seed Extract Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the Grape Seed Extract Market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Grape Seed Extract Market, the growth prospects of the market are obtained with maximum precision.
Grape Seed Extract Market Taxonomy
The global Grape Seed Extract Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Food Industry
- Pharmaceutical Industry
- Personal Care Industry
- North America
- Latin America
- East Asia
- South Asia
The executive summary of the Grape Seed Extract Market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Grape Seed Extract Market.
Readers can find the detailed segmentation and definition of the Grape Seed Extract Market in this chapter, which will help them understand basic information about the Grape Seed Extract Market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Grape Seed Extract Market report.
The associated industry assessment of the Grape Seed Extract Market is carried out in this section. The macroeconomic factors affecting growth of the Grape Seed Extract Market are provided in this section and the impact of these macroeconomic indicators on the Grape Seed Extract Market is analyzed. The processing overview and technological advancements in the Grape Seed Extract Market is also provided.
Profit margins at each level of the Grape Seed Extract Market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Grape Seed Extract Market.
The drivers and restraints impacting the growth of the Grape Seed Extract Market are explained in this chapter. Opportunities and ongoing trends in the Grape Seed Extract Market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Grape Seed Extract Market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2020-2030).
Based on Form Type, the Grape Seed Extract Market is segmented into powder, liquid, and gel. In this chapter, readers can find information about key trends and developments in the Grape Seed Extract Market and market attractiveness analysis based on raw material.
Based on Application, the Grape Seed Extract Market is classified into additional supplements, medical & infant nutrition, sports nutrition. This part also offers market attractiveness analysis based on Application.
This chapter explains how the Grape Seed Extract Market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Grape Seed Extract Market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Grape Seed Extract Market in Latin America. This chapter also includes growth prospects of the Grape Seed Extract Market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Grape Seed Extract Market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Grape Seed Extract Market.
This chapter includes a detailed analysis of the growth of the Grape Seed Extract Market in the East Asia region, along with a country-wise assessment that includes, Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.
This chapter offers insights into how the Grape Seed Extract Market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of Grape Seed Extract Market in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Grape Seed Extract Market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Grape Seed Extract Market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Indena, Botanic Innovations, Polyphenolics, Naturex, Nexira, Augusto, Bellinvia, Naturias, Nutribiotic, N-Essentials and Gse Vertrieb.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Grape Seed Extract Market report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Grape Seed Extract Market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits