The global grape seed oil market is anticipated to grow significantly over forecast period owing to the increasing demand from various application industries including personal care & cosmetics, food & beverages, and healthcare among others. In addition, growing health consciousness among individuals coupled with rising spending on personal care & cosmetic products especially by the younger population is further expected to augment the demand for grape seed oil over the forecast period.
Grape seed oil is a by-product obtained in the process of winemaking and is extracted from pressed grape seeds that are left behind after wine is made. Grape seed oil is a rich source of polyunsaturated fatty acids (PUFAs). Grape seed oil typically contains linoleic acid, stearic acid, palmitic acid, oleic acid, palmitoleic acid, and alpha-linolenic acid. Linoleic acid is a major polyunsaturated omega-6 fatty acid found in grape seed oil that is generally used in personal care and cosmetic products owing to its acne reductive, skin-lightening, anti-inflammatory, and moisture retentive properties.
Palmitic acid exhibits emollient properties and is used in producing cosmetics, and soaps among others. On the other hand, oleic acid, in the form of its triglycerides is used as a component in many food products. In addition, it also helps in eliminating dandruff thereby stimulating the hair growth. Furthermore, oleic acid also assists in reducing fine lines and premature wrinkles on the skin.
Stearic acid is also an important component in grape seed oil. Stearic acid possesses cleansing properties that remove sweat, dirt, and excess sebum from the skin and hair. Stearic acid is most commonly used in the production of soaps, detergents, shampoos, and shaving creams among others. Grape seed oil contains smaller amounts of alpha-linolenic acid, and palmitoleic acid.
In addition, grape seed oil contains high amounts of phenolic compounds including carotenoids, phenolic acids, flavonoids, stilbenes, and tannins. Grape seed oil also contains steroids, phenols, small amounts of saturated fat, vitamin E, and high amounts of poly-unsaturates. Vitamin E acts as a fat-soluble antioxidant that protects cell damage from free radicals.
On the basis of application, the grape seed oil market has been segmented into food & beverage, personal care & cosmetics, healthcare, and others. Grape seed oil is prominently used in the personal care & cosmetic products such as skin care products, anti-aging products, hair care products, skin toners, moisturizers, creams, massage & bath oils, and sun screen lotions among others. Grape seed oil helps in moisturizing the skin, reduction in the appearance of scars, wrinkles, and age spots, as well as it nourishes, tightens, and repairs skin.
Grape seed oil can also help in treating conditions such as dry scalp, and dandruff. Grape seed oil contains high levels of linolenic acid that helps in stimulating the hair growth. In addition, it also contains antioxidants such as procyanidin oligomers that also benefit the hair growth. In the food application industry, grape seed oil is used as cooking oil, and for wine making among others. It helps in controlling the cholesterol levels in the body. Furthermore, the omega-6 fatty acids present in grape seed oil can also help in reducing inflammation thereby preventing chronic diseases such as cancer.
On the basis of extraction process, the grape seed oil market has been segmented into mechanical, chemical, and others. Cold-pressing is a mechanical extraction method that involves crushing the grape seeds in an expeller in order to extract oil. This method does not involve any chemical or heat treatment owing to which many health beneficial components are retained. In addition, there is less concern with regards to solvent residues in the oil owing to which a safer & consumer-desired product is obtained in this process.
On the basis of region, the Grape seed oil market has been segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. Factors including growing disposable income coupled with improving standard of living, and rising awareness with regard to personal grooming is expected to drive the personal & cosmetics industry especially in emerging countries such as China, and India among others which is further expected to boost the market growth.
In addition, growing aging population in countries such as Japan and other European countries is likely to drive the demand for cosmetic products such as anti-aging creams among others. This in turn is likely to augment the demand for grape seed oil over the forecast period. In addition, changing lifestyles, increasing purchasing power among the women population, and growing working women population is expected to drive the demand for various cosmetic products thereby benefitting the market growth.
Major players engaged in the production of grape seed oil include Mediaco Vrac, Borges Mediterranean Group, Tampieri Group, Gustav Heess GmbH, OLITALIA S.r.l., PIETRO CORICELLI S.P.A., Food & Vine, Inc., Oleificio Salvadori, Henan Kunhua Biological Technology Co., Ltd., and Hebei Xinqidian Biotechnology Co., Ltd., among others.
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Weaker consumer demand for lifestyle and wellbeing products due to social restrictions and lockdown policies shall have a negative impact on the demand patterns of cosmetic ingredients and certain categories of food additives. However, easing restrictions and public discourse about restarting economic activities in the consumer goods marketspace indicates that, the recovery of demand is imminent. The report will account for Covid19 as a key market contributor.