Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Grape seed extracts are dietary supplements that are prepared by removing, drying, and pulverizing the grape seeds. These seeds are rich in antioxidants such as anthocyanins, phenolic acids, and flavonoids. Grape seed extracts have other benefits including antifungal, antibacterial, and antiviral properties as well. Grape seed extract is also known as Vitis Vinifera. It is an industrial derivative of grape seeds which contain vitamin P (bioflavonoids), vitamin E, reservatrol, and linoleic acid.
The global grape seed extract market is estimated to surpass US$ 225.7 million by the end of 2027 in terms of revenue, exhibiting a CAGR of 7.8% during the forecast period (2021 to 2027).
Increasing importance of grape seed extracts as a functional ingredient in weight loss has been driving the target market growth. In addition, the use of grape seed extract in cellulite reduction, and improvement of the immune system is anticipated to boost market growth. For instance, according to a data published by Multidisciplinary Digital Publishing Institute in 2020, the beneficial effects of grape seed extract was studied in relation to body weight and fat storage in hamsters. The results showed a significant reduction in body weight gain with the addition of GSE to the diet. Moreover, these extracts are recommended for the treatment of diseases such as throat infections, candidiasis, diarrhea, heart diseases, and earaches. For instance, as per a report by the U.S. Department of Health & Human Services, it is estimated that heart disease is responsible for the death of around 610,000 people every year globally. In addition, coronary heart disease (CHD) is responsible for 370,000 deaths annually. Therefore, dietary supplement manufacturers are expected to surge the use of grape seed extracts in the formulation of health supplements.
Majority of supplement manufacturers use grape seed extracts as a supplement ingredient owing to its oligomeric procyanidins (OPC) properties that are beneficial to treat conditions such as atherosclerosis, high cholesterol, and poor blood circulation. Moreover, some companies are increasing the amount of grape seed extract content in their functional drinks. For instance, Youthy Forever has increased its grape seed extract content in its juice drinks namely pineapple, prickly pear juices, and passion fruit.
Among regions, North America held dominant position in the global grape seed extract market in 2020, accounting for 32.0% market share in terms of revenue, followed by Europe.
Figure 1. Global Grape Seed Extract Market Revenue Share (%), By Region, 2020
Excess consumption of grape seed extracts might cause allergic reactions and also lead to other health issues, these factors are expected to restrain the grape seed extract market growth.
In addition, high cost of grape seed extracts can turn out to be a market challenge for grape seed extract in the forecast period.
Grape Seed Extract Market Report Coverage
||Market Size in 2019:
||US$ 133.5 Mn
|Historical Data for:
||2017 to 2019
||2021 to 2027
|Forecast Period 2020 to 2027 CAGR:
||2027 Value Projection:
||US$ 225.7 Mn
- North America: U.S., Canada
- Latin America: Brazil, Mexico, Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
- Asia Pacific: China, India, Japan, Australia, Rest of Asia Pacific
- Middle East & Africa: South Africa, GCC Countries, Rest of Middle East & Africa
- By Form Type: Powder, Liquid, and Gel
- By Application: Food & Beverages, Personal Care, Cosmetics, Nutritional Supplements, Pharmaceutical, and Others
Botanic Innovations LLC, Polyphenolics, NATUREX, Nexira, Augusto Bellinvia srl, Hunan NutraMax Inc., Jianhe Biotech Co., Ltd., Ambe NS Agro Products Pvt. Ltd., Midas Pharma GmbH, and Bhooratna Agri Processors
- Increasing awareness of grape seed extract as a functional ingredient that helps in weight loss
- Majority of supplement manufacturers use grape seed extracts as an ingredient owing to its oligomeric procyanidins (OPC) properties
|Restraints & Challenges:
- Excess consumption of grape seed extracts might cause allergic reactions
Increasing demand for grape seed extracts in pharmaceutical industry is the current trend of the target market growth. The grape seed extract is included in nutritional supplements as it is a more economical way of gaining plant-based antioxidants. For instance, an article published by Medical News Today, grape seed extract is available as a dietary supplement in a liquid form, tablets, or capsules. Supplements commonly contain between 50 and 100 milligrams (mg) of the extract. Such supplements are available for different purposes, such as beauty, cardiovascular support, and improving vision. Companies are investing in product innovations to compete in this product segment. Moreover, most of the dietary and nutraceutical supplements contain the powdered form of grape seed extracts as consumers prefer this form of grape seed extract and it is affordable and very convenient to use. For instance, a U.K.-based company Bulk Powder launched seed extract powder made from red grapes, which can be consumed by gluten- and lactose-intolerant consumers.
Figure 2. Global Grape Seed Extract Market – Opportunity Analysis
On the basis of application, in 2020, the nutritional supplements segment dominated the grape seed extracts market, accounting for a share of over 37% that year. Such supplements are available for different purposes, such as for cardiovascular support, beauty, and improving vision.
Figure 3. Global Grape Seed Extract Market Revenue Share (%), By Application, 2020
Global Grape Seed Extract Market - Impact of Coronavirus (COVID-19) Pandemic
Outbreak of coronavirus has impacted the supply chain of the grape seed extract industry. Coronavirus (COVID-19) has changed the dynamics of the entire ecosystem including raw material suppliers. Lockdown in various countries such as India, China, and Spain, among others and the cease in subsequent trade activities has suspended the supply chain activities. The increasing spread of COVID-19 has forced the manufacturers to deploy precautionary measures in their facilities. According to various players operating in the grape seed extract market, use of grape seed extract is expected to rise during the pandemic and post-pandemic conditions.
Key players operating in the global grape seed extract market include Botanic Innovations LLC, Polyphenolics, NATUREX, Nexira, Augusto Bellinvia srl, Hunan NutraMax Inc., Jianhe Biotech Co., Ltd., Ambe NS Agro Products Pvt. Ltd., Midas Pharma GmbH, and Bhooratna Agri Processors