Grape Seed Oil Market Size, Share & Trends Analysis Report By Extraction Process (Mechanically By Pressing, Chemically Extracted), By Application (Food Industry, Personal Care & Cosmetics), By Region, And Segment Forecasts, 2023 - 2030

Grape Seed Oil Market Size, Share & Trends Analysis Report By Extraction Process (Mechanically By Pressing, Chemically Extracted), By Application (Food Industry, Personal Care & Cosmetics), By Region, And Segment Forecasts, 2023 - 2030

Grape Seed Oil Market Growth & Trends

The global grape seed oil market size is anticipated to reach USD 1.08 billion by 2030, as per a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 9.9% from 2023 to 2030. 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 market is due to the surging problems associated with an unhealthy lifestyle of most of the population, such as joint issues, and some of the cardiovascular diseases, which have led to a rise in high-quality product formulation. Moreover, the increasing number of investments by key manufacturers in the field of research and development with respect to product formation has improved the growth opportunities for the product market.

Multinational corporations globally have established a global grape seed 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 that 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 and labor shortages, 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 oil prices worldwide.

Grape Seed Oil Market Report Highlights

• The market is anticipated to witness growth with a CAGR of 9.9% from 2023 to 2030. This is attributed to the growing trend among consumers to opt for natural and plant-based products, including oils
• In terms of extraction process, the chemical extraction segment is anticipated to register the fastest CAGR of 10.1% from 2023 to 2030, owing to the high extraction of almost 97% to 99% of grape seed oil from the grape seeds
• Other processes used for the extraction include supercritical fluid extraction. Supercritical fluid extraction 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
• In terms of application, the personal care & cosmetics segment is anticipated to register the fastest CAGR of 10.3% from 2023 to 2030, 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 grape seed oil are treated for genetic improvement using modern biotechnology. This is undertaken to improve the yield with high precision and comparatively lower uncertainties. Such products, because of their structures, are used in the cosmetics industry. In addition, hydrogenated grape seed oil is extensively used in the cosmetics industry as a skin-conditioning agent
• In terms of region, the Asia Pacific region is anticipated to register the fastest CAGR of 10.7% during the forecast period. This high rate of growth is because of the high demand from the food industry, especially from countries like India, Japan, and China

Please note The report will be delivered in 4-8 business days upon order notification.