The global grape seed extract market is projected to reach around US$ 385.7 Million by 2030, in terms of revenue, exhibiting a CAGR of 8.4% during the forecast period (2023-2030).
Global Grape Seed Extract Market: Drivers
Rising awareness among consumers related to the use of grape seed extracts for weight loss
Increasing importance of Grape Seed Extracts (GSEs) as a functional ingredient in weight loss has been driving the market growth. In addition, the use of grape seed extracts in cellulite reduction, and improvement of the immune system is anticipated to boost the market growth. 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.
Increasing use of grape seeds as supplement ingredient
Majority of supplement manufacturers use grape seed extracts as a supplement ingredient owing to its Oligomeric Procyanidin (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, Youth Forever has increased its grape seed extract content in its juice drinks namely pineapple, prickly pear juices, and passion fruit.
Global Grape Seed Extract Market: Restraints
Excess consumption of grape seed extract leading to allergic reactions
The global grape seed extract market growth is anticipated to be constrained by the possibility that excessive consumption of grape seed extracts could result in allergic reactions and other health problems. Additionally, the high cost of grape seed extracts may prove to be a market obstacle for grape seed extracts during the forecast period.
Global Grape Seed Extract Market: Opportunity
Usage of grape seed as a flavoring component in packaged foods and beverages
Grape seeds are used to make a dietary supplement called Grape Seed Extract (GSE). It contains lots of antioxidants, especially proanthocyanidins. The antioxidants in GSE may lessen oxidative stress, inflammation, and tissue damage in addition to chronic diseases. The growing trend of using grape seed as a flavoring component in packaged foods and beverages has a significant impact on the growth of global grape seed extract market. Additionally, the growing use of grape seed extracts in the personal care industry is the main factor propelling the growth of the global grape seed extract market over the projected period, creating major market growth opportunities.
Global Grape Seed Extract Market: Trends
Growing demand from pharmaceutical industry
The increasing demand for grape seed extracts in the pharmaceutical industry is a major current trend for boosting the market growth. Grape seed extracts are included in nutritional supplements as it is a more economical way of gaining plant-based antioxidants. For instance, an article published by Medical News, grape seed extracts are available as a dietary supplements in the 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 nutritional 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.
Grape Seed Extract Market Report Coverage
|Base Year:||2022||Market Size in 2022:||US$ 202.7 Mn|
|Historical Data for:||2018 to 2021||Forecast Period:||2023 to 2030|
|Forecast Period 2023 to 2030 CAGR:||8.4%||2030 Value Projection:||US$ 385.7 Mn|
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
|Restraints & Challenges:||
Global Grape Seed Extract Market: Key Developments
In June 2023, Nexira, company operates in food, health and nutrition industries, will introduce its new line of effective and natural texturizers under the brand name, Naltive at the next IFT. Nexira purchased a Swiss-based business with global expertise in the production of Tara gum, locust bean gum, and guar specialties in 2022.
In January 2023, Nutramax Laboratories, one of the leader in the advanced manufacturing and bio science industries announced a new partnership with Texas and A&M University to establish the Nutramax Laboratories Veterinary Sciences Chair in canine hepatology
In July 2022, the market launch of a single pill with pan-European intellectual property rights will be supported by a partnership between APONTIS PHARMA, a Germany-based manufacturer of pharmaceutical preparation, and Midas Pharma, a pharmaceutical marketing and sales company.
In November 2021, the entire Intellectual Property (IP) rights for a new generation of cartridge-based autoinjectors were sold by Midas Pharma, a pharmaceutical marketing and sales company, to Gerresheimer, a pharma and healthcare producer . This is the beginning of a strategic alliance. The autoinjector's marketing strategy combines the complementary strengths of both businesses.
Global Grape Seed Extract Market: Regional Analysis
Growing public awareness of living a drug-free lifestyle is driving the market growth. Recently, consumer spending on health, fitness, and wellbeing has surged. Due to the increased desire for natural/organic cosmetics and dietary supplements in North America, grape seed extracts are in high demand. The thriving processing sector in the U.S. is anticipated to support the market growth.
Figure 1. Global Grape Seed Extract Market Share (%), By Region, 2022
North America dominated the global grape seed extraction market in terms of revenue, in 2022, followed by Europe and Asia Pacific, respectively.
Global Grape Seed Extract Market: Segmentation
The global seed extract market is segmented into form and application. It is further divided on the basis of form: powder, liquid, and gel and on the basis of application: food & beverages, dietary supplements, pharmaceuticals, nutritional supplements, personal care, cosmetics, and others.
Figure 2. Global Grape Seed Extract Market Share (%), By Application, 2022
On the basis of application, in 2022, the food & beverages segment dominated the market with 35% market share in terms of revenue.
Global Grape Seed Extract Market: Impact of Coronavirus (COVID-19) Pandemic
The coronavirus outbreak impacted the supply chain of the grape seed extract market. Coronavirus (COVID-19) has changed the dynamics of the entire ecosystem including raw material suppliers. Lockdowns in various countries, including India, China, and Spain, as well as an interruption in subsequent trade activities, have halted supply chain activities. The increasing spread of COVID-19 forced manufacturers to deploy precautionary measures in their facilities. According to various market players operating in the grape seed extract market, the use of grape seed extracts is expected to rise during the pandemic and post-pandemic conditions.
Global Grape Seed Extract Market: Key Companies
The key companies operating in global grape seed extract market are 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.
*Definition: 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 contains vitamin P (bioflavonoids), vitamin E, reservatrol, and linoleic acid.
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