Grape Seed Extract Market Drivers, Challenges and Growth Opportunity by 2019-2025

[14 Aug 2019] The global grape seed extracts market size is expected to reach USD 201.2 million by 2025, exhibiting a 7.6% CAGR over the forecast period. Major factors contributing to market growth are rising consumer awareness regarding healthy lifestyle and consumption of nutritious foods, as well as increasing focus on physical appearances. It has been observed that a large number of manufacturers of health and nutrition supplements use grape seed extract as an ingredient due to its oligomeric procyanidins (OPC) properties. These properties are beneficial for the treatment of conditions such as atherosclerosis, high cholesterol, poor blood circulation, macular degeneration, and nerve damage.

Revenue generated by the powdered segment accounted for a share of more than 80.0% in 2018. High ease of incorporation of powder as functional ingredient in manufacturing of food and beverages, personal care products, and nutritional supplements is expected to ensure the dominance of the segment over the forecast period. Furthermore, growing popularity of dietary supplement powders among adults in breakfast and evening meals to maintain fitness is expected to compel nutraceutical manufacturing companies to incorporate grape seed extract as a functional ingredient to their products.

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The food and beverage segment is expected to value more than USD 25.0 million by 2025. Segment growth can be attributed to increasing number of health-conscious consumers on a global level, who are turning to convenience foods with high nutritional value.

Asia Pacific is expected to witness the fastest growth from 2019 to 2025, exhibiting a CAGR of 9.4%. Expansion of middle-income groups in developing countries such as China, India, Pakistan, and Bangladesh is expected to remain a favorable factor for market growth, reflecting a spike in product application in the food and beverage as well as personal care sectors. Furthermore, supportive government policies aimed at increasing manufacturing output of food processing in countries like China and India is expected to open new avenues for use of grape seed extract as a functional ingredient in the near future.

Some of the key players operating in this market are S.P.A.; Botanic Innovations LLC; Polyphenolics; Naturex; Nexira; Augusto Bellinvia srl; NetQem LLC; Hunan NutraMax Inc.; Jianhe Biotech Co., Ltd.; and Piping Rock Health Products, LLC. Various manufacturers are concentrating on new product launches and technological innovation and are collaborating with other companies to increase their product offerings and strengthen their foothold in the market.

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Further key findings from the report suggest:

• By product, the liquid segment is projected to register a CAGR of 9.8% from 2019 to 2025 owing to its antibacterial, parasiticidal, antiviral, cytoprotective, antifungal, and mucosa repairing properties

• Based on application, the personal care segment generated a revenue of USD 32.1 million in 2018. Incorporation of grape seed extracts in these products helps in maintaining skin moisture, reducing inflammation, and minimizing fine lines and wrinkles

• North America dominated the global grape seed extracts market in 2018 with a share of 43.3%. Increasing consumer awareness regarding a medicine-free lifestyle as well as greater spending on health and wellness have resulted in the growth of the regional market.

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