The grape seed extracts market is estimated to procure steady growth driven by consumer inclination towards wellness and health along with the anti-inflammatory, antioxidant and antifungal properties of grape seed extract. Consumers are increasingly opting for products that have healthy and natural ingredients. Governments are setting favorable guidelines to improve the nutrition intake among people, which is anticipated to fuel industry outlook.
Grape seed extract helps in normalizing blood pressure, promotes energy, and reduces oxidative stress. It also helps in the reduction of risk of atherosclerosis, diabetes, obesity, chronic venous insufficiency, cancers, retinopathy, and hypertension. Rising incidence of vision problems, cancer, cholesterol and other issues among the young and geriatric population has propelled the demand for functional food items and health supplements.
Considering robust demand, companies working in the grape seed extracts market are developing new products. For example, in 2020, Nexira announced the extension of its range of high-quality grape extracts via the launch of a new generation of grape seed extracts that have the highest composition of phenolic compounds, which promote a healthy lifestyle. Based on such innovations, Global Market Insights, Inc., suggests that the grape seed extracts market may rise over USD 227 million by 2027.
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The product has comprehensive functional properties such as being antibacterial, non-toxic, antioxidant, anti-inflammatory, stabilizing, and thickening in botanical food supplements and pharmaceuticals. The usage of grape seed extract in the food & beverage sector is likely to witness significant growth owing to robust demand for nutritious foods and health drinks. The use of nanoencapsulation and microencapsulation techniques in the functional food & beverage industry could boost product adoption.
The use of grape seed extract in cosmetics & personal care segment is likely to register a CAGR of around 7.8% over the forecast period owing to high product demand in the production of sunscreen, antimicrobial agents, antidandruff, oral care, skin conditioning agents, and soaps. Grape seed extract has antioxidant properties which help in raising the collagen synthesis and cell turnover that help in increasing skin suppleness and reducing oxidation.
It is important in photoprotection for avoiding UV-induced free radical damage to skin and offers anti-ageing benefits. There is a substantial demand for natural ingredients in hair care and skin care items. Changing consumer preference towards luxury cosmetic items given to social media usage as well as new product launches by firms are expected to impel the demand for grape seed extracts for making cosmetics and personal care products.
Geographically, the Europe grape seed extracts market is projected to grow above 7.5% on account of a strong potential demand for nutraceuticals, fortified foods & beverages, and cosmetics. People are becoming more health conscious, aware about clean labels, and are adopting a vegan lifestyle. They are looking for natural ingredients over synthetic ones in cosmetics and are willing to pay premium prices for healthy products. Use of encapsulation methods and technological advancements by regional manufacturers could spur the creation of pharmaceutical supplements, foods and beverages infused with grape seed extracts.
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On a global scale, companies in the grape seed extracts market are JF Natural, Botanic Innovations LLC, Naturex, Ambe NS Agro Products Pvt Ltd., Natac, Fancy India Corp, Nexira, Ajinomoto OmniChem, Phyto Life Sciences Ltd., and Polyphenolics. These firms are focusing on joint ventures, partnerships, new product launches, R&D investments, digitization, and acquisitions to elevate their industry share.
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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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