Newark, NJ, June 04, 2021 (GLOBE NEWSWIRE) – According to the report published by Fior Markets, the global grape seed oil market is expected to increase from USD 580 million in 2020 and reach USD 604 million by 2028, with a CAGR of 4.8% during the forecast period 2021-2028.
Due to the demand of various application industries such as personal care and cosmetics, food and beverage, and healthcare, the global grape seed oil market is expected to increase significantly over the period of forecast. In addition, the growing health awareness among individuals, as well as increased spending on personal care and cosmetic products, especially among young people, is expected to boost the demand for grape seed oil over the course of the year. the forecast period. It is used in the manufacture of moisturizers, balms, massage oils and sunscreens. Acne, edema, arthritis, antiaging, sunburn, weight loss, stress reduction, diabetes, cardiovascular disease, visual impairment, high blood pressure, and other conditions can all benefit from grape seed oil. The pandemic has had an influence on the grape seed oil industry, as demand declined significantly in 2020. This is due to the unavailability of the product in stores due to lockdowns imposed by governments in the world. whole world. Due to the cosmetics industry’s reliance on internet shopping, sales have declined compared to the pre-COVID environment.
Grapeseed oil, also known as grape oil, is a kind of edible oil that is extracted from grapes. Seed oil is a by-product of winemaking, extracted from pressed grape seeds. Grapeseed oil contains a wide variety of phenolic compounds, including carotenoids, tannins, phenolic acid, and stilbenes. Traditionally, grape seed oil is extracted using mechanical or organic solvent extraction methods. Cold pressing is an oil extraction method that does not use chemicals or heat, resulting in a higher concentration of components that are beneficial to health such as natural antioxidants, anti-inflammatory and antimicrobial compounds. Grapeseed oil is made from crushed grape seeds. Its antibacterial, anti-inflammatory and antioxidant effects are well known. Additionally, grape seed oil is a by-product of the winemaking process. Oleic acid, linoleic acid, palmitoleic acid, stearic acid, and alpha-linolenic acid are all found there. Steroids, phenols, saturated fat, a minor amount of vitamin E, and a high number of polyunsaturated fats are also present. It has a wide range of uses in a variety of industries including healthcare, food, and cosmetics.
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Increased consumer awareness of health benefits such as lowering cholesterol, diabetes, hypertension, asthma and other illnesses, as well as the increased use of grape seed oil products in cosmetics and personal care products because of its antioxidant properties, are some of the factors that drive the market forward. Rising production costs, increased use of the hazardous chemical hexane in processing, and the availability of other substitutes are all hampering market development. Individual preferences for herbal and natural products, as well as an increase in the number of demands from the healthcare industry, are both believed to lead to the growth of the grape seed oil market during the forecast period.
The main players operating in the global grape seed oil market are Oleificio Salvadori, Mediaco Vrac, Food & Vine, Inc., Tampieri Group, OLITALIA Srl, PIETRO CORICELLI SPA, Borges Mediterranean Group, Gustav Heess GmbH, Olitalia, Henan Kunhua Biological Technology Co., Ltd., Borges Mediterranean Group and Hebei Xinqidian Biotechnology Co., Ltd. To gain significant market share in the global Grapeseed Oil market, major players are now focusing on adopting strategies such as product innovations, joint ventures, recent developments, mergers and acquisitions, collaborations and partnerships. Oleificio Salvadori and Mediaco Vrac are some of the major manufacturers operating in the grape seed oil market.
The mechanical segment dominated the market and held the largest market share of 35.39% in 2020
The Grapeseed Oil market has been divided into mechanical, chemical, and other segments based on the extraction method. The mechanical segment dominated the market and held the largest market share of 35.39% in 2020. Cold pressing is a mechanical process of extracting oil from grape seeds which involves grinding them in an expeller. . Since this system does not use any chemicals or heat, all components beneficial to health are preserved.
Personal care and cosmetics segment dominated the market and held the largest market share of 20.59% in 2020
The grape seed oil market has been divided into four categories based on application: food and drink, personal care and cosmetics, health care, and others. Personal care and cosmetics segment dominated the market and held the largest market share of 20.59% in 2020. Grapeseed oil is widely used in personal care and cosmetic products such as skincare. skin care, anti-aging care, hair care, skin toners, moisturizers, creams, massage and bath oils and sun lotions, to name a few industries.
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Regional Segment of Grapeseed Oil Market
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, rest of Europe)
- Asia-Pacific (China, Japan India, Rest of APAC)
- South America (Brazil and rest of South America)
- Middle East and Africa (UAE, South Africa, rest of MEA)
On the basis of geography, the global grape seed oil market is categorized as North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The Asia-Pacific region holds the largest market share of 29.16% in 2020. The company with the largest market share is Asia-Pacific. The personal and cosmetic products industry is expected to be driven by factors such as increased disposable income, improved quality of life, and increased awareness of personal hygiene, especially in emerging markets like China. and India, where demand is expected to continue to increase. In addition, the demand for cosmetic products such as anti-aging creams and other related products is expected to increase as the population of countries like Japan and other European countries ages.
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About the report:
The Global Grapeseed Oil Market is analyzed on the basis of value (USD Million). All segments were analyzed on a global, regional and national basis. The study includes analysis of over 30 countries for each segment. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges to get the key insights of the market. The study includes the model of the five forces of the wearer, the analysis of attractiveness, the analysis of raw materials and the analysis of the position grid of the competitors.
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