Global Grapeseed Oil Market Size To Reach USD 605 Million in 2028

03-May-2022 | Facts and Factors

According to the Facts & Factors report, the global grapeseed oil market was worth about 178.5 (USD million) in 2021 and is predicted to grow to around 605 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 3.3%.

Global Grapeseed Oil Market Size

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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.

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

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.

The global grapeseed oil market is segmented on the basis of extraction process, end-user, and region. 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 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.

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.

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

Purchase Options

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Some of the major players in the global grapeseed oil market are 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 GroupGustav Heess, Jinyuone, and Guanghua Oil.

Recent Development

  • 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.

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
    • The U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Reunion
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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