Market Segmentation
The dietary supplements industry worldwide has seen rapid growth in recent years. This growth is driven by factors such as changing consumer lifestyles, increasing health concerns, rising healthcare costs, and a growing preference for maintaining fitness and an active lifestyle. These factors have led to an increased demand for a variety of dietary supplements, including vitamins, minerals, multivitamins, protein & amino acids, and fibers & specialty carbohydrates. Various botanical extracts, such as aloe vera, bitter orange, green tea, grape seed, black tea, ginseng, and turmeric, are used in the production of dietary supplements. These supplements are associated with various health benefits, including aromatherapy, cognition, energy, immune system, joint health, obesity, anxiety, and vascular system. As the dietary supplements industry continues to expand, it is expected to drive the demand for botanical extracts, including grape seed extracts. Consumers worldwide are increasingly seeking products with clean labels due to health issues or side effects associated with dietary supplements made from artificial ingredients. This shift towards clean-label products is directly increasing the use of botanical extracts in the dietary supplement industry. While supplements made from artificial ingredients may yield faster results, herbal supplements or supplements made from botanical extracts are less expensive and do not have side effects. This is likely to significantly increase the adoption rate of herbal supplements, benefiting the grape seed extract market. Grape seed extracts are rich in proanthocyanidins, a potent antioxidant that offers protection against oxidative stress, tissue damage, and inflammation.
The worldwide demand for natural and organic skincare products has been growing rapidly over the past few years. This growth is largely due to increased consumer awareness about the side effects of synthetic cosmetic products. In addition, numerous studies have shown that plant phenolic compounds have several beneficial properties, including antimicrobial, anti-inflammatory, and anti-aging effects. These findings have further boosted the demand for skincare products based on natural or plant extracts. The rise in brand awareness and the growing reach of e-commerce have also played a significant role in increasing the demand for natural skincare products. Consumers are becoming more conscious about the labels on their products and are seeking out products made from natural ingredients. As a result, clean-label cosmetic products, which are made from plant extracts and use minimal synthetic ingredients, are gaining considerable market traction. Manufacturers of personal care and beauty products are increasingly using plant-based extracts in their cosmetic formulations, especially in skincare products. Furthermore, plant-based active ingredients are gaining popularity in the cosmetics industry as they are mild, biodegradable, and offer strong biological and therapeutic activities compared to their synthetic counterparts.
Grape seed extracts, known for their rich antioxidant properties, are widely used in various industries, including cosmetics, dietary supplements, and food & beverages. However, there are several other extracts, such as tea, ginseng, berry, rosemary, aloe vera, and berry, within the plant extracts sector that possess similar properties, such as antioxidant richness or the presence of polyphenol compounds. These can serve as substitutes for grape seed extracts. Ginseng and other alternative extracts have higher consumer awareness, which helps brands in labeling and attracting consumers. In addition to plant-based ingredients, ingredients derived from animal sources, such as chicken, fish, and beef, are also used in cosmetics, dietary supplements, and food & beverage industries. This poses a threat of substitution for grape seed extracts. Glucosamine compounds, extensively used in the dietary supplements industry, are prepared to treat conditions such as osteoarthritis, glaucoma, joint pain, and aid in weight loss. In the cosmetics industry, glucosamine is used to formulate skincare products as it enhances wound healing, skin hydration, and reduces wrinkles. While glucosamine concentrate can be derived from natural sources like chicory root, most commercially available glucosamine currently comes from animal sources such as shellfish or the fermentation of microorganisms.
This section will provide insights into the contents included in this grape seed extract market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
Company overview
Financial performance
Product benchmarking
Latest strategic developments
Market size, estimates, and forecast from 2015 to 2025
Market estimates and forecast for product segments up to 2025
Regional market size and forecast for product segments up to 2025
Market estimates and forecast for application segments up to 2025
Regional market size and forecast for application segments up to 2025
Company financial performance