Grape Seed Oil Market Size Worth $1,300.94 Million By 2032 | CAGR: 10%

The global grape seed oil market size is expected to reach USD 1,300.94 million by 2032, according to a new study by Polaris Market Research. The report “Grape Seed Oil Market Share, Size, Trends, Industry Analysis Report, By Extraction Process (Mechanically By Pressing, Chemically Extracted, Others); By Application; By Region; And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market's expansion is primarily propelled by the increasing demand for the product across diverse sectors such as food and beverages, healthcare, cosmetics, and personal care. This demand surge is a direct response to the escalating health challenges faced by a significant portion of the population due to unhealthy lifestyles. A rise in issues like joint problems and certain cardiovascular diseases has prompted the formulation of high-quality products tailored to address these concerns. Additionally, key manufacturers are making substantial investments in research and development, focusing on enhancing product formulations.

Several crop seed oils, including grape seed oil, undergo genetic enhancement through modern biotechnology. This process aims to increase yield with precision and reduce uncertainties. Due to their specific structures, these modified products find applications in the cosmetics industry. Additionally, hydrogenated grape seed oil is widely utilized in cosmetics as a skin-conditioning agent.

The global repercussions of the European geopolitical conflict have been adverse, due to increased product prices, shortages of raw materials and labor, and disruptions in the supply chain. In the initial weeks of the conflict between Russia and Ukraine, trade activities in these key countries came to a standstill, causing a significant impact on oil prices globally.

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Multinational corporations operating worldwide have set up an extensive grape seed oil supply network, incorporating both internal supply channels and third-party distributors. This product is distributed through two primary channels: B2B and B2C supply chains. In the B2B model, the oil is supplied to wholesalers and various industries directly involved in the production process. On the other hand, in the B2C model, the oil is made available to individual consumers through e-commerce platforms.

Additionally, companies engage in direct agreements or third-party supply agreements with various end-use industries. These agreements allow corporations to provide grape seed oil directly to businesses and manufacturers in sectors such as food, cosmetics, and healthcare. Through these diverse supply chains and agreements, grape seed oil reaches a wide array of industries and consumers globally.

Grape Seed Oil Market Report Highlights

• In 2022, the mechanically extracted segment held the largest market share, owing to its high efficiency and oil of the finest grade.
• In 2022, the food industry segment held the highest market share, driven by its neutral taste and high smoke point and its growing presence in the cosmetics industry due to its skin-friendly properties and natural appeal.
• In 2022, the North American region held the largest market, primarily due to the presence of a multitude of manufacturers, including key players, and the influence of factors such as the use of grape seed oil in the supplements industry and consumer preferences for organic and natural products.
• Europe anticipates the fastest market in the upcoming year due to high living standards, rising disposable income, the presence of food and beverage manufacturers, the shift towards chemical-free cosmetics, the high obesity rate, and ongoing advancements in the medical industry.
• The key market players include Mediacovrac, Tampieri, Salute Sante, Oleificio Salvadori, Alvinesa Natural Ingredients, OLITALIA, VedOils etc.

Polaris Market Research has segmented the grape seed oil market report based on extraction process, application, and region:

Grape Seed Oil, Extraction Process Outlook (Revenue - USD Million, 2019 - 2032)

• Mechanically by Pressing
• Chemically Extracted
• Others

Grape Seed Oil, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Food Industry
• Personal Care & Cosmetics
• Supplements & Healthcare
• Others

Grape Seed Oil, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Grape Seed Oil Market Report Scope