Grape Seed Extract Market

Market Overview

The global grape seed extract market was valued at USD 149.45 million in 2021. It is projected to reach USD 281.77 million by 2030, growing at a CAGR of 7.3% during the forecast period (2022-2030). 

The crushed seeds of red wine grapes are used to make grape seed extract. Grapes, leaves, and sap have long been used as traditional remedies. The grape seed extract is nowadays used to treat several diseases worldwide. Several studies have evidence of the advantages of grape seed extract in preventing several cardiovascular diseases. Grape seed extract can help people with high cholesterol and chronic venous insufficiency, which affects blood circulation.

Additionally, grape seed extract helps with diabetes-related eye disease and reduces swelling brought on by injuries. Many individuals are drawn to grape seed extract because it contains antioxidants. These substances shield cells from harm and may help prevent numerous diseases. The growing application of grape seed extract in health supplements and pharmaceutical products has improved its penetration in many products.

Market Dynamics

Global Grape Seed Extract Market Drivers

Increasing Demand for Dietary Supplements

Due to a sedentary lifestyle, especially in developed nations, the cases of obesity and diseases linked to obesity are increasing at an alarming rate. It is specifically related to chronic conditions like hypertension, type 2 diabetes, cardiovascular disease, osteoporosis, and some cancer types. Diets with a high caloric content not only encourage obesity but also raise the risk of type 2 diabetes. A grape seed extract has been demonstrated to inhibit fat deposits and lessen fat absorption from our diets, in addition to its antioxidant properties.

Additionally, the extract can increase the metabolic rate and help burn more calories by giving an energy boost. It is a common practice for doctors to recommend grape seed extract as a dietary supplement to help patients lose weight by lowering daily caloric intake. The bitter grape seeds are removed, dried, and ground to make the extract. Antioxidants, phenolic compounds, flavonoids, anthocyanins, and oligomeric proanthocyanidin complexes are all abundant in grape seeds. A grape seed extract has a high antioxidant content, which helps it fight oxidative damage, increase weight loss, prevent disease, and prevent fat deposition.

Rising Demand for Skin-Care Products

The growing environmental awareness about UV rays and their harm to the skin has increased the demand for skincare products. The grape seed extract contains flavonoids with excellent antioxidant properties and is a good source of vitamins C and E. When combined, grape seed extract is amazing for the skin as it lessens the effects of aging while enhancing skin texture. Grape seed extract also contains proanthocyanidins, which have powerful antioxidant and anti-inflammatory properties. Free radicals are produced by smoking, stress, UV rays from the sun, pollution, and other factors.

Antioxidant-rich grape seed extract fights free radicals and prevents pigmentation and fine lines on the skin by protecting it from them. It keeps the skin's elasticity intact and aids in estrogen synthesis. When combined with Vitamin C, antioxidants increase skin moisture while maintaining flexibility and softness. The anti-microbial and antioxidant properties of grape seed extract maintain the skin's even tone and guard against acne. Due to its skin-friendly properties, grape seed extract is a crucial component of almost all skincare products.

Global Grape Seed Extract Market Restraint

Availability of Substitutes with Similar Benefits

Due to their strong antioxidant qualities, grape seed extracts have many applications in end-use industries, such as cosmetics, dietary supplements, and food and beverages. However, there are several extracts from plants, such as tea, ginseng, berry, rosemary, aloe vera, and berry, which have properties similar to those of grape seed extracts, such as being rich in antioxidants or having polyphenol compounds and can therefore be used as a substitute. However, alternative extracts like ginseng have greater consumer awareness, which helps end-use brands with labeling and, as a result, draws customers to the product. Additionally, ingredients derived from plants and animal sources, such as chicken, fish, and beef, are also used in the food and beverage, dietary supplement, and cosmetics industries, posing a threat to the grape seed extracts market.

Global Grape Seed Extract Market Opportunities

Rising Research and Development for Grape Seed Extract

Grapes have enormous advantages, from weight loss to skincare, which is its major driving factor. For instance, new research at the Shanghai Institute of Nutrition and Health of the Chinese Academy of Sciences has given conclusive evidence of its anti-aging properties and ability to reverse aging, tested on mice. Another research published in May 2021 concluded the ability of grape seed extract as a wound-care product. Due to consumers' concerns about chemical side effects, naturally, derived ingredients are becoming more common in therapeutic drug formulations.

Despite the impressive advancements in therapeutic product development, medications prescribed to treat wounds with impaired healing caused by biofilms, excessive inflammation, and oxidation are still ineffective. Therefore, there is a constant need for better drug formulations, preferably made with natural ingredients, which can speed up the healing of wounds at a reasonable price. Numerous studies have been conducted on grape seed extract, which is rich in phenolic compounds, unsaturated fatty acids, and vitamins. These compounds have a variety of therapeutic benefits due to their anti-inflammatory, anti-microbial, and anti-oxidative properties, which support their potential use in the creation of wound-healing products.

Regional Analysis

The global grape seed extract market is bifurcated into four regions, namely North America, Europe, Asia-Pacific, and LAMEA.

North America Dominates the Global Market

North America is the most significant global grape seed extract market shareholder and is expected to grow at a CAGR of 8.4% during the forecast period. It is anticipated that the U.S. processing industry's strong presence will fuel market expansion. One of the biggest fruit crops in North America is grapes, and 80% of that crop is used to make wine. Around 25–30% of the waste generated during the winemaking process is a solid waste in wineries. These wastes are relatively inexpensive sources of raw materials used to create extracts rich in phenolic acids, anthocyanins, catechins, and both complex and simple flavonoids. A significant factor propelling the market is consumer awareness of leading a healthy lifestyle. Due to consumers' high disposable income, spending on health, fitness, and wellness has skyrocketed in recent years. In North America, there is a sizable demand for grape seed extracts due to the rising use of cosmetics and dietary supplements.

The Asia-Pacific region is expected to grow at a CAGR of 8.8% during the forecast period. Key application industries like food and beverage, nutritional supplements, and personal care and cosmetics have been expanding significantly in the Asia-Pacific region over the past few years as a result of the rising middle-class population in countries like India, China, and Indonesia. Additionally, the exponential growth of e-commerce has widened access to high-end consumer goods that frequently contain novel botanical extracts like grape seed extracts. The presence of a sizable working millennial population, which prefers herbal or natural products more and more, is anticipated to support the expansion of the regional market. China is one of the important nations concerning the availability of raw materials, production, and consumption of grape seed extracts. Due to the country's inexpensive labor, Chinese grape seed extracts are more affordable than goods produced in North America and Europe.

Europe region is expected to grow owing to the substantial presence of application industries, such as the market for functional foods and dietary supplements, which is responsible for the market's rapid growth. Additionally, the rising demand for dietary supplements in Europe has resulted in the emergence of numerous small and medium-sized players. Thus, the increasing dietary supplement manufacturing in the region should benefit the demand for grape seed extract. The demand from end-users in Europe is just one of the many opportunities for producers and suppliers of grape seed extracts. Due to grape seed extracts' positive attributes as a clean ingredient, lower toxicity, lower cost of raw materials, and increased availability, there are more applications for them across all end uses industries.

LAMEA region is projected to contribute to the growth of the grape seed extract market due to the growing demand for natural skin-care products in several countries of the Middle East and improvement in the economies of South America. In contrast to cosmetics and dietary supplements, grape seed extract currently has a lower market penetration in South America's food and beverage sector. Moreover, the growing demand for food and beverage products that are nutritionally enhanced will grow at a significant CAGR for the food and beverage application segment in Brazil due to economic improvement in the country. Manufacturers are incorporating novel and healthy ingredients like grape seed extract into their products to appeal to health-conscious customers and set themselves apart from the competition due to the competitive nature of the food and beverage industry.

Segmental Analysis

The global grape seed extract market is segmented by product and application.

Based on the product, the global market is bifurcated into powder, liquid, and gel.

The powder segment is the highest contributor to the market and is expected to grow at a CAGR of 8.1% during the forecast period. The larger share is linked to the preference of end-user manufacturers, as powdered grape seed extracts are convenient to handle and pack. 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. Additionally, powder form has a longer shelf life than liquid form due to its dry state. Powdered grape seed extracts typically keep for 4-5 years when kept dry and in their original packaging.

Due to the high concentration of active ingredients in the powdered form, only a small amount is required for results to be seen. Products for dietary supplements are typically sold in concentrated forms like tablets or powder. Therefore, when creating such products, powdered grape seed extracts are preferred. Over the next few years, the demand for powdered grape seed extracts is anticipated to increase due to the nutraceutical industry's rising demand for natural or clean-label ingredients. Additionally, the availability of grape seed extracts in powder form is likely to increase due to the ease of handling and storing them in the facilities of extract producers.

Based on application, the global market is bifurcated into dietary supplements, pharmaceuticals, personal care, and food and beverages.

The dietary supplements segment owns the highest market share and is expected to grow at a CAGR of 8.7% during the forecast period. The larger market share is linked to the numerous health advantages of grape seed extracts, including blood pressure control, protection against oxidative stress, enhancement of blood flow, improvement of collagen and bone strength, support for cognitive functions, and inhibition of infectious growth. These health advantages are primarily attributed to grape seed extracts' high concentrations of antioxidants. Due to the presence of recognizable ingredients in herbal or plant-based supplements instead of synthetic supplements, consumer preference is rapidly rising across the globe. The consumption of health and wellness products is also driven by a greater emphasis on preventive healthcare, which is advantageous for using botanical ingredients like grape seed extracts.

It is also known that grape seed extracts increase the body's production of vitamin C, which strengthens immunity. The COVID-19 outbreak significantly increased the importance of boosting consumer immunity worldwide. Additionally, this has led to a rise in the demand for supplements that boost the immune system or are high in vitamin C, particularly in 2020. As a result, consuming supplements based on grape seed extract will likely benefit consumers and contribute to market growth over the forecast period.

Recent Developments

• October 2022- Hunan Nutramax inaugurated its latest manufacturing facility in Lancaster, with over 700 employees.
• July 2022- Naturex launched new ingredients for the food and beverage industry during IFT annual trade show held in Chicago, USA.