August 23, 2021
According to the research report titled ‘Grapeseed Oil Market Size By Extraction Process (Mechanical, Chemical), By Application (Food & Beverages, Cosmetics, Healthcare), Industry Analysis Report, Regional Outlook, Application Potential, Covid-19 Impact Analysis, Price Trends, Competitive Market Share & Forecast, 2021 - 2027’, available with Market Study Report, global grapeseed oil market is projected to register a healthy growth rate over 2021-2027.
As per the report findings, global grapeseed oil market is largely driven by increasing awareness regarding product use in various applications.
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For those unfamiliar, grapespeed oil is produced from leftover grape seeds after winemaking. This oil is praised as a natural beauty product and finds widespread use as healthy alternative to vegetable oil in cooking.
Grapeseed oil offers multiple health benefits as it high in vitamin E and polyunsaturated fatty acids (PUFA), particularly omega-6 fatty acids, hence, is extensively utilized for cosmetic applications. Moreover, incorporation this oil as a substitute for trans fats and saturated fats in diets can be beneficial for heart owing to the potential of PUFAs in decreasing cholesterol levels.
Experts speculate that application of grapeseed oil as a fully renewable fuel is anticipated to present new growth opportunities for business players in the upcoming years. However, usage of harmful chemical hexane in the production process of the oil is negatively impacting industry development.
On the geographical front, MEA grapeseed oil market valuation exceeded USD 10 million In 2020 and is estimated increase considerably over 2021-2027, creditable to shifting focus of people towards a healthier lifestyle.
Meanwhile, LATAM market size is slated to multiply at a CAGR of about 1.5% over the forecast period. Developing consumer consciousness regarding use of natural growth promoters due to rapid urbanization, and subsequent decline in consumption of foods containing additional artificial additives are supporting regional market development.
Elaborating on the other key regions, surging demand for eco-friendly and sustainable food products is supporting the industry growth in North America. Increasing consumer inclination towards cosmetic products are favoring Europe market expansion, and rising burden of chronic disease are augmenting the demand for grapeseed oil in Asia Pacific.
Speaking of the competitive landscape, top-tier players influencing worldwide grapeseed oil industry trends are Mediaco Vrac, Jan K Overweel Ltd., Mazola, Sophim Iberia S.L., Oleificio Salvadori S.r.l, Oilseeds International Ltd., Aromex Industry, ConnOils LLC, Food & Vine Inc., Pietro Coricelli S.p.A., Olitalia S.r.l, Gustav Heess GmbH, Borges International Group, and Tampieri Group.