Grape Seed Oil Market Growth & Trends
The global grape seed oil market is expected to reach USD 649.21 million by 2026, registering CAGR of 6.5% during the forecast period, according to the new report by Grand View Research, Inc. The growth is majorly driven by rising demand for the product from various end-use industries like food & beverages, healthcare, and cosmetics & personal care.
The current and future growth of the market is due to the surging problems associated with an unhealthy lifestyle of most of the population, such as joint issues, and some of the cardiovascular diseases, which have initiated a rise in high quality product formulation. Moreover, the increasing number of investments by the key manufacturers in the field of research and development, with respect to product formation, has improved the growth opportunities of the global market for grape seed oil.
Multinational corporations across the world have established a global grape seed oil supply chain comprising in-house supply channels or third-party distributors. The product is supplied by the business to business (B2B) and business to consumer (B2C) supply chain through wholesalers and e-commerce platforms. It is also provided to different end-use industries by the companies who have direct agreements or third-party supply agreements with them.
The impact of the European geopolitical conflict is negative worldwide in terms of hiked product prices, raw material and labor shortage, and supply disruptions. The trade activities were halted in European counterparts involved in this conflict and this has inflated the oil prices worldwide.
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Grape Seed Oil Market Report
Grape Seed Oil Market Report Highlights
- The process of chemical extraction witnessed a fastest growth rate of nearly 6.7%, owing the high extraction of almost 97.0% to 99.0% of grape seed oil from the grape seeds
- Other processes used for the extraction include supercritical fluid extraction. The supercritical fluid extraction of the grape seed oil is not used at a large scale owing to the problems related to transferring of seeds in and out of high-pressure extractors. In this process, small quantities of seeds are used for extracting oil in semi-batch mode with the fluid flowing through a fixed bed of material
- The personal care & cosmetics application witnessed the highest CAGR of approximately 6.9% due to the extensive usage of the product in the industry because of its anti-acne, anti-microbial, and anti-inflammatory properties
- Many crop seed oils like grape seed oil are treated for the genetic improvement using modern biotechnology. This is undertaken to improve the yield with high precision and comparatively lower uncertainties. Such crop seed oils, because of their structures, are used in cosmetics industry. In addition, hydrogenated grape seed oil is extensively used in cosmetics industry as a skin conditioning agent
- The Asia Pacific witnessed the fastest growth rate of 7.0%. This rate is because of the high demand from the food industry, especially from countries like India, Japan, and China
