Grape Seed Oil Market Size, Share & Trends Analysis Report By Application (Personal Care & Cosmetics, Food Industry), By Extraction Process (Mechanically By Pressing, Chemically-extracted), By Region, And Segment Forecasts, 2022 - 2026

Grape Seed Oil Market Growth & Trends

The global grape seed oil market size is expected to reach USD 649.21 million by 2026, registering a CAGR of 6.5% over the forecast period, as per the new report by Grand View Research, Inc. The growth is majorly driven by the rising demand for the product from various end-use industries like food & beverages, healthcare, and cosmetics & personal care.The current and future growth of the industry is due to the increasing problems associated with an unhealthy lifestyle of most of the population, such as joint issues, and some Cardiovascular Diseases, (CVDs), which have led to a rise in demand for high-quality product formulation. Moreover, the increasing investments by key manufacturers in the field of R&D with respect to product formation have improved the growth opportunities for the global industry.

Multinational corporations across the world have established a global grapeseed oil supply chain comprising in-house supply channels or third-party distributors. The product is supplied by the business-to-business (B2B) and business-to-consumer (B2C) supply chain through wholesalers and e-commerce platforms. It is also provided to different end-use industries by companies who have direct agreements or third-party supply agreements with them.The impact of the European geopolitical conflict is negative worldwide in terms of hiked product prices, raw material & labor shortage, and supply disruptions. The trade activities in both key countries involved in this conflict, that is, Russia and Ukraine, during the first few weeks of the war were halted and this impacted the oil prices worldwide.

The personal care & cosmetics application will register the highest CAGR during the forecast years due to the extensive usage of the product in the industry because of its anti-acne, anti-microbial, and anti-inflammatory properties. Many crop seed oils like grapeseed oil are treated for genetic improvement using modern biotechnology. This is undertaken to improve the yield with high precision and comparatively lower uncertainties. Such crop seed oils, because of their structures, are used in the cosmetics industry. In addition, hydrogenated grapeseed oil is extensively used in the cosmetics industry as a skin conditioning agent.

Grape Seed Oil Market Report Highlights

• The process of chemical extraction witnessed the fastest CAGR during the forecast period owing to the high extraction of almost 97% to 99% of grape seed oil
• Other processes used for the extraction include supercritical fluid extraction. However, this process is not used at a large scale owing to problems related to the transferring of seeds in and out of high-pressure extractors
• In this process, small quantities of seeds are used for extracting oil in semi-batch mode with the fluid flowing through a fixed bed of material
• The Asia Pacific region is projected to witness the fastest growth rate over the forecast period
• This is due to the high demand from the food industry, especially in countries like India, Japan, and China