Grapeseed Oil Market Size, Share Global Analysis Report, 2022-2028

Industry Insights

[221+ Pages Report] According to Facts and Factors, during the forecast period of 2022 to 2028, the global grapeseed oil market is estimated to develop at a compound annual growth rate (CAGR) of 3.3%. The global grapeseed oil market was worth USD 178.5 million in 2021, and it is anticipated to exceed USD 605 million by 2028. The study investigates several elements and their consequences on the growth of the global grapeseed oil market.

Market Overview

After the winemaking process, grapeseed oil is extracted from the leftover seeds. Grapeseed oil is high in polyunsaturated fat and high in antioxidants. Grapeseed oil is gaining popularity among consumers as a result of these properties. It has a light flavor and can be used in salad dressings & mayonnaise. It can also be used as a base for oil infusions of rosemary, garlic, or other spices or herbs.

Grapeseed oil has a broader range of applications, including baked goods, pancakes, waffles, and a variety of other food products. It is also used in the manufacture of moisturizers, balms, massage oils, and sunburn ointments. The market is expected to grow due to the widespread use of grapeseed oil in a variety of industries such as cosmetics, food, and healthcare.

COVID-19 Impact

The grapeseed oil market has been impacted by the COVID-19 outbreak. Grapeseed oil is primarily exported from countries such as the United States, Spain, and Italy. The coronavirus severely impacted these countries, hindering the supply chain of grapeseed extracts. Furthermore, India's district of Nashik, which is a leading supplier of grapes to many European countries, saw a drop in exports of more than 25%.

However, with the relaxation of lockdown measures, exports are expected to increase and the market to recover quickly. Grapeseed extracts are also an excellent source of immunity boosters. With shifting dietary patterns and a greater emphasis on immunity-boosting, the demand for grapeseed oil is increasing.

Growth Drivers

• Grapeseed oil is finding new applications in a variety of end-use industries, which is helping to drive market growth

Grapeseed oil is beneficial in the treatment of conditions such as dry scalp and dandruff. Grapeseed oil includes a lot of linolenic acids, which promote hair growth. It also contains antioxidants like procyanidin oligomers, which promote hair growth. Grapeseed oil is used in a variety of food applications, including cooking oils and winemaking. It aids in the regulation of cholesterol levels in the body. Moreover, the omega-6 fatty acids found in grapeseed oil can help to reduce inflammation, thereby preventing chronic diseases like cancer.

Furthermore, the rising prevalence of cardiovascular diseases is also propelling the global grapeseed oil market forward. Some of the major causes of cardiovascular disease include an unhealthy diet, tobacco use, and physical inactivity, all of which raise blood pressure and blood glucose levels, resulting in overweight and obesity.

The rising demand for waste management services is expected to drive market growth. Grapeseeds are waste for winemakers and are either sold to grapeseed oil manufacturers or discarded in landfills. Grapeseed oil producers recycle grape waste to create grapeseed oil, which is used in cosmetics, pharmaceuticals, and other industries.

The growing amount of garbage in its landfills is causing a massive environmental problem. It contributes to soil pollution, has an impact on agriculture, and pollutes crops, which spreads diseases and has an impact on the human population. Waste management is good for the environment because it improves soil and reduces the unpleasant odor of landfills. Low garbage collection results in a healthier environment, and as a result, grapeseed oil production is increasing.

Restraints

• Environmental changes may hinder the market growth

The production of grapeseed oil is dependent on the production of grapes. Grape production may be harmed as a result of environmental changes, pests, and the extensive use of chemicals, thereby affecting grapeseed oil production. Because of the low production of grapeseed oil, supply chains are disrupted, and the scarcity of oil raises prices while demand is not met, stifling the grapeseed oil market.

Opportunities

• Market producers to invest heavily in R & D activities

Leading grapeseed oil manufacturers are currently pursuing inorganic strategies such as collaborations and acquisitions in order to broaden their product portfolio and increase company sales. To gain a competitive advantage, these companies are also launching new products.

Furthermore, rising consumer purchasing power has resulted in increased spending on wellness and health products. This has compelled a slew of grapeseed oil producers to invest heavily in R & D activities in order to differentiate their products. The increased efforts of major wellness and health product providers have resulted in greater advancements in product development.

Segmentation Analysis

The global grapeseed oil market is segmented on the basis of extraction process, end-user, and region.

By extraction process, the market is divided into chemical and mechanical. In 2020, the mechanical segment accounted for the majority of the grapeseed oil market, and it is expected to grow at a CAGR of 4.2% during the forecast period. This is due to the fact that it needs less power usage than other extraction techniques. High-quality oil is derived without the use of additives or solvents by using cold press techniques at low temperatures. Mechanical extraction eliminates the need for chemical reactions and simplifies the process. It is environmentally friendly because it does not use hexane or other air pollutants. Grapeseed oil production requires fewer investments, making it simple and environmentally friendly.

By end-user, the market is divided into healthcare, supplements, cosmetics, and food & beverage. Cosmetics accounted for the majority of the grapeseed oil market in 2020, and they are expected to grow at a CAGR of 4.4 percent during the forecast period. This is due to the increased use of grapeseed oil in cosmetic and personal care products such as anti-aging, moisturizers, hair care, and bath oils, among others. It aids in the moisturization and repair of the skin. Increasing investments in R&D, increased demand for organic ingredients for improving the properties of skincare products, and increased product innovations in herbal extracts are driving the segment's growth.

Report Scope

Regional Landscape

• North America dominates the market

In 2020, North America dominated the global grapeseed oil market, accounting for 35% of the total. This is due to increased government initiatives to increase consumer awareness of new innovations in the field of grapeseed oil, as well as a greater emphasis on research & development to incorporate plant extracts into medicinal formulations that provide health benefits. The growing preference of grapeseed oil consumers for natural and herbal products, as well as the growing number of applications in the healthcare sector, are driving market growth in this region.

However, Asia Pacific is expected to grow at a faster CAGR during the forecast period due to the increasing ability of grapeseed oil to improve health by lowering cholesterol levels in the body and maintaining proper health functioning. The increasing use of grapeseed oil in lowering blood pressure, enhancing bone strength, and raising awareness about lifestyle disorders is driving market growth in this region.

Recent Development

• February 2022: Alvinesa Natural Ingredients, a manufacturer of upcycled ingredients, has acquired Cades Penedes, a Catalan processor of grape-derived sustainable ingredients. The move will boost Alvinesa's manufacturing capacity by up to 20% while also expanding the company's presence in functional ingredients derived from winemaking.

Competitive Landscape

Some of the major players in the global grapeseed oil market are

• Hebei xinqidian Biotechnology
• Mazola
• Sophim
• Pietro Coricelli
• Mediaco Vrac
• Lesieur Solutions Industries
• Oleificio Salvadori
• Olitalia
• Food and Vine
• Kunhua Biological Technology
• Tampieri Group
• SANO Aromex Industry
• Costa d'OroSeedoil
• Qingdao Pujing
• Borges Mediterranean Group
• Gustav Heess
• Jinyuone
• Guanghua Oil.

The global grapeseed oil market is segmented as follows;

By Extraction Process Segment Analysis

• Chemical
• Mechanical

By End-User Segment Analysis

• Healthcare
• Supplements
• Cosmetics
• Food & Beverage

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America