NEW YORK, US, May 16, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Grapeseed Oil Market By Extraction Process (Chemical and Mechanical), By End-User (Healthcare, Supplements, Cosmetics, and Food & Beverage), and By Region - Global and Regional Industry Trends, Competitive Intelligence, Analysis of Data, Statistical Data, and Forecast 2022-2028” in its research database.
“According to the latest research study, the demand of global Grapeseed Oil Market size & share is estimated to develop at a compound annual growth rate (CAGR) of 3.3%. The global grapeseed oil market was worth USD 178.5 million in 2021, and it is anticipated to exceed USD 605 million by 2028. The study investigates several elements and their consequences on the growth of the global grapeseed oil market.”
What is Grapeseed Oil? How big is the Grapeseed Oil Industry?
Market Overview:
Grapeseed oil, also known as grape oil, is a type of edible oil derived from grapes. Grapeseed oil is a byproduct of winemaking that is obtained from pressed grapeseed. Grapeseed oil contains a high concentration of phenolic compounds such as phenolic acid, tannins, carotenoids, and stilbenes. Traditionally, grapeseed oil was extracted using mechanical methods or organic solvents. Cold pressing is a process of oil extraction that does not involve the use of chemicals or heat, as a result of which it contains more health-beneficial components such as anti-inflammatory agents, natural antioxidants, and antimicrobials.
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 221+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
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- Facts and Factors research methodology
(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)
Report Scope
| Report Attribute | Details |
| Market Size in 2021 | USD 178.5 Million |
| Projected Market Size in 2028 | USD 605 Million |
| CAGR Growth Rate | 3.3% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2028 |
| Key Market Players | Hebei xinqidian Biotechnology, Mazola, Sophim, Pietro Coricelli, Mediaco Vrac, Lesieur Solutions Industries, Oleificio Salvadori, Olitalia, Food and Vine, Kunhua Biological Technology, Tampieri Group, SANO Aromex Industry, Costa d'OroSeedoil, Qingdao Pujing, Borges Mediterranean Group, Gustav Heess, Jinyuone, Guanghua Oil., and Others |
| Key Segment | By Extraction Process, End-User, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
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Global Grapeseed Oil Market: Dynamics
Drivers:
- Increasing use in cosmetics and personal care products
Because of its antioxidant properties, the global grapeseed oil market is being driven by its increasing use in cosmetics and personal care products. This oil helps to keep the skin supple and fresh. The oil's astringent nature helps to reduce the appearance of wrinkles, tighten the skin, and increase elasticity. Moreover, grapeseed oil is used in a variety of cosmetic products such as sunscreen lotions, creams, moisturizers, and lip balms, to name a few, which contribute to the growth of grapeseed oil. Grapeseed oil also promotes hair growth and makes hair smooth & soft. Furthermore, its antioxidant and anti-inflammatory properties aid in the treatment of eczema, psoriasis, and rosacea, as well as rashes and allergic reactions. Grapeseed oil is used in massage to relieve muscular aches and pains caused by strenuous workouts.
Furthermore, grapeseed oil is used in aromatherapy applications. Consumers are becoming more health-conscious and, as a result, they are concentrating on natural beauty products, particularly in developing countries. Furthermore, increased millennial spending on natural cosmetics has resulted in significant growth for the grapeseed oil market. However, increased use of toxic substances in the manufacturing process, as well as increased competition, are some of the factors likely to inhibit the growth of the grapeseed oil market. Increasing production costs and the availability of other commodities are also expected to stymie market growth during the forecast period.
Opportunities:
- Market producers invest considerably in R&D
Leading grapeseed oil makers are using inorganic techniques including collaborations and acquisitions to expand sales. These companies are launching new products to compete.
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Grapeseed Oil Market: COVID-19 Impact Analysis
COVID-19 affected the grapeseed oil market. The U.S., Spain, and Italy export grapeseed oil. Coronavirus hampered grapeseed extract availability in several countries. Moreover, Nashik, a major producer of grapes to many European countries, suffered a 25% decline in exports.
With the lockdown lifted, exports and the market should recover soon. Grapeseed extracts enhance immunity. Demand for grapeseed oil is rising due to changing dietary habits and an increased focus on immunity.
Grapeseed Oil Market: Segmentation Analysis
The global grapeseed oil market is segmented on the basis of extraction process, end-user, and region.
- Mechanical segment is estimated to grow at a CAGR of 4.2% during the forecast period
By extraction process, the market is divided into chemical and mechanical. In 2020, the mechanical segment accounted for the majority of the global grapeseed oil market, and it is expected to grow at a CAGR of 4.2% during the forecast period. This is due to the fact that it needs less power usage than other extraction techniques. By end-user, the market is divided into healthcare, supplements, cosmetics, and food & beverage.
- Cosmetics dominated the grapeseed oil market and are predicted to rise 4.4% from 2022 to 2028
Cosmetics accounted for the majority of the grapeseed oil market in 2020, and they are expected to grow at a CAGR of 4.4 percent during the forecast period. This is due to the increased use of grapeseed oil in cosmetic and personal care products such as anti-aging, moisturizers, hair care, and bath oils, among others.
Browse the full “Grapeseed Oil Market By Extraction Process (Chemical and Mechanical), By End-User (Healthcare, Supplements, Cosmetics, and Food & Beverage), and By Region - Global and Regional Industry Trends, Competitive Intelligence, Analysis of Data, Statistical Data, and Forecast 2022-2028” Report at https://www.fnfresearch.com/grapeseed-oil-market
Competitive Landscape
Some of the main competitors dominating the global grapeseed oil market include -
- Hebei xinqidian Biotechnology
- Mazola
- Sophim
- Pietro Coricelli
- Mediaco Vrac
- Lesieur Solutions Industries
- Oleificio Salvadori
- Olitalia
- Food and Vine
- Kunhua Biological Technology
- Tampieri Group
- SANO Aromex Industry
- Costa d'OroSeedoil
- Qingdao Pujing
- Borges Mediterranean Group
- Gustav Heess
- Jinyuone
- Guanghua Oil
Key Insights from Primary Research:
- According to the findings that were provided by our research analyst, the Grapeseed Oil market is predicted to grow at a CAGR of around 3.3% during the forecast timeframe.
- In term of revenue, the Grapeseed Oil market was valued at around USD 178.5 million in 2021 and is anticipated to reach USD 605 million, by 2028.
- Based on end-user segmentation, the Cosmetics accounted for the majority of the grapeseed oil market in 2020, and they are predicted to increase at a CAGR of 4.4% over the forecast period.
- On the basis of region, the Asia Pacific is predicted to develop quicker than other regions because to grapeseed oil's potential to decrease cholesterol and maintain health.
Key questions answered in this report:
- What are the top five global grapeseed oil players?
- How will the market look like in five years?
- What are the grapeseed oil market's drivers and restraints?
- Which region's market will increase the most?
- What will the grapeseed oil market's CAGR and size be during the forecast period?
- Which area offers the greatest benefit to the global market?
- What are the business risks, and how will the current situation affect growth and market perception?
Key Offerings:
- Market Size & Forecast by Revenue | 2022−2028
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Extraction Process, End-User, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
With an industry share of more than 40%, North America dominates the revenue market. The rising awareness of a drug-free and healthy lifestyle is the primary driver of the market. Due to increased purchasing power, consumers are willing to spend more on wellness, fitness, and health over time. The increasing use of personal care products and dietary foods has increased the demand for grapeseed extracts among Americans.
The increasing penetration of processing firms in the United States is expected to drive market growth. Asia Pacific is expected to grow at a CAGR of 9.5 percent during the forecast period. Rising consumer awareness of the importance of living a healthy lifestyle, combined with increased disposable income, has increased demand for these products in countries such as China and India.
Recent Developments
- February 2022: Alvinesa Natural Ingredients, a manufacturer of upcycled ingredients, has acquired Cades Penedes, a Catalan processor of grape-derived sustainable ingredients. The move will boost Alvinesa's manufacturing capacity by up to 20% while also expanding the company's presence in functional ingredients derived from winemaking.
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The global grapeseed oil market is segmented as follows:
By Extraction Process
- Chemical
- Mechanical
By End-User
- Healthcare
- Supplements
- Cosmetics
- Food & Beverage
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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