Global Grape Seed Extracts Market - 2023-2030

Global Grape Seed Extracts Market - 2023-2030

Market Overview

Grape Seed Extracts Market was valued at USD YY million in 2022. It is forecasted to reach USD YY million by 2030, growing at a CAGR of 6.54% during the forecast period (2023-2030)

Grape seed extracts are made from the seeds of wine grapes. Grape seed extracts are dietary supplements for various conditions, including venous insufficiency, promoting wound healing, and reducing inflammation. It contains antioxidants and oligomeric proanthocyanidins, which are beneficial for various health conditions. Grape seed extract supplements are available in liquid form, tablets, or capsules. Grape supplements generally contain between 50 and 100 milligrams (mg) of the extract. Regular consumption of grape seed extract with calcium has a beneficial effect on bone formation and bone strength for treating bone debility caused by a low calcium level. Grape seeds contain proanthocyanidins which might prevent the development of cancer. An increase in demand for grape seed extract from the pharmaceutical industry drives market growth.

Market DynamicsAn increase in the industrial application of grape seed extract in pharmaceutical industry drives market growth

The grape seed extract is beneficial in treating heart disease. A grape seed extract has anticancer and cancer chemo preventive potential. It has the potential to speed up wound healing A grape seed extract can attack Candida, a yeast-like parasitic fungus that causes thrush. Grape seeds extract contains proanthocyanidins which prevent the development of cancer. According to Molecular Nutrition & Food Research, grape seeds have properties that reduce the severity of skin cancer. Antioxidants in the grape seed extract have the potential to protect blood vessels from becoming damaged, which may prevent high blood pressure.

Grape seed proanthocyanidin extract (GSPE) provides superior antioxidant efficacy compared to Vitamins C, E, and β-carotene. The National Center for Complementary and Integrative Health (NCCIH) notes that grape seed extract help reduces systolic blood pressure and heart rate. The grape seed extract is very high in proanthocyanidins, which prevent cognitive decline. The grape seed extract is beneficial in the treatment of tooth decay. It protects the body from pathogens. It improves night vision. It is beneficial in the protection against Alzheimer’s disease. It is useful in treating diabetic retinopathy and improving blood sugar control. It relieves symptoms of chronic venous insufficiency. It has anti-aging properties, so used in personal care products. It is beneficial in reducing iron levels in people with hemochromatosis. It helps to reduce inflammation. Estrogen in grape seed extract plays an important role in treating breast cancer.

Market Segmentation: Powder segment accounted for the highest share in global grape seed extracts market

The powder form of products held the largest market share in the grape seed extract market. Powder-form products are convenient for handling and packing. Grape seed extracts in liquid or slurry form are frequently powdered using spray drying. In addition, companies prefer the spray-drying method over freeze-drying because it has a faster cycle time, more scalability, and is more cost-effective. The powder form of products has more shelf life than other forms. Due to the high concentration of ingredients in the powdered form, it is more effective for use. Products used as supplements are mostly in tablets or powder form. The availability of grape seed extract in powder form is likely increased due to consumer demand due to its easy handling and shelf life. Some of the major key players launched new products in the market. For instance, Bulk launched grape seed extract in powder form. It contains a minimum of 95% OPCs (oligomeric proanthocyanidins). It is ideal for pre-workout formulas.

The organic segment held a significant market share in by nature segment due to increased consumer demand for organic food. Major Key players in the market launched new organic-based products to expand their business. For instance, On 4 October 2021, Indena, the leading Italian company, launched its Enovita organic in Collaboration with Alvinesa. The new product is 100% organic grape seed extract derived from Vitis viniferaseeds. Enovita organic is certified by Certipaq Bio in compliance with USDA organic regulations and the EU.

Geographical Penetration: North America is the dominating region during the forecast period

North America held the largest market share in the grape seed extract market due to increased consumer awareness regarding following a medicine-free lifestyle. Canada and United States are the largest shareholding countries in the region due to the increasing consumer disposable income. The increase in organic grape seed extract supplements has created a significant demand for grape seed extract in North America. Also, due to unfavorable climatic conditions in the country, the food is preserved for a longer period, with a higher shelf-life, propelling the grapeseed extract market growth. In August 2022, Health Canada’s Food Directorate completed a detailed premarket safety assessment of grape seed extract for use as a supplemental ingredient in foods under the Supplemented Foods regulatory framework. The results of the premarket assessment support the safety of standardized grape seed extracts based on the oligomeric proanthocyanidins content. Some of the major players of grape seed extract in the region are Botanic Innovations, LLC, Polyphenolics, NATUREX, Nexira, and NetQem, launching new products in the region that helps to boost market share in the region.

Competitive Landscape

There are several established participants in the industry and local manufacturers; hence, the market is fragmented. Some major market players 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 among others. Some major key players launched new products to increase their revenue. For instance, Iva launched grape seed powder in the market. It is a convenient way to add antioxidants to hot or cold cereals, smoothies, teas, yogurt and other foods. Also, in 2020, OLVEA launched a new upcycled Grapeseed oil. The newly launched oil is upcycled from by-products of wine-making and leveraged for its multiple functions and cosmetic benefits. Grapeseed (Vitis Vinifera) oil is a natural and upcycled ingredient derived from wine production, which generates an abundant by-product called grape pomace. This solid waste contains the precious seeds from which the oil is extracted. Oil is produced in Europe using a green manufacturing process (solvent-free extraction). With its low environmental impact, this product contributes to waste reduction. Natural COSMOS Approved and 100% Natural as per ISO 16128 criteria, this high-quality vegetable oil benefits from the purest assets and strengths.

COVID-19 ImpactPositive impact on the global grape seed extracts market

The evolving uncertainty of the coronavirus (COVID-19) pandemic has unprecedentedly impacted the world economy and businesses. The agribusiness sector has been affected to varying degrees, with some food companies experiencing rapidly increased demand for products as panic buying escalated. Moreover, there is a strong appeal for healthy eating, increasing the demand for fruits and vegetables. As consumers became more aware of their eating habits' environmental and health implications, the consumption of supplements is moving to new heights. Natural ingredients with immunity-boosting credentials and antioxidants are gaining further traction amid the COVID-19 pandemic. With the trend for more mindful consumption growing, consumers are paying closer attention to how food and beverages contribute to their health, well-being and mood. The grape seed extract, a vital source of antioxidants, has witnessed high demand in the global market.

The global grape seed extracts market report would provide an access to approximately 61 market data tables, 55 figures and 170 pages