Grape Seed Oil Market Size, Share & Trends Analysis Report By Extraction Process (Mechanically By Pressing, Chemically Extracted), By Application (Food Industry, Personal Care & Cosmetics), By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global grape seed oil market size was estimated at USD 505.6 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 9.9% from 2023 to 2030. The demand for the product is expected to be driven by the wide usage in the cosmetics industry as a base makeup in anti-acne creams, under-eye serums, and night care serums. It is a type of carrier oil used in combination with other essential oils in different skin care products. The product is derived from grape seeds and is a by-product of winemaking.

Grape seed oil is used in various personal care and cosmetic products owing to its skin-lightening, anti-inflammatory, acne reduction, and moisture retention properties. The U.S. is a major consumer of the product in North America with a revenue share of 82.9% in 2022. The product market is expected to witness significant growth during the forecast period owing to the rising demand for the product from numerous end-use industries such as healthcare, personal care & cosmetics, and food & beverages. Rising disposable income of the consumers, increasing health consciousness among customers, and growing spending power of the people, especially of the young population are the factors anticipated to fuel demand during the forecast period.

Grape seed oil is used for massaging and relieving body pains and muscular aches that occur post-physical workouts. In addition, it is also used in the treatment of psoriasis, eczema, rosacea, etc. owing to its anti-inflammatory and antioxidant properties. As consumers worldwide are becoming increasingly health-conscious and prefer natural/vegan cosmetic products, it is anticipated to surge the global product demand over the forecast period.

The product market is highly fragmented in nature, owing to the presence of companies that operate on international as well as domestic levels and have established themselves as leading companies in terms of production capacity, product portfolio, and geographical presence.

Extraction Process Insights

Based on the extraction process, the mechanically extracted grape seed oil by pressing segment dominated the market with the largest revenue share of 52.54% in 2022. This is attributed to the high nutritional value and non-toxic attributes of the extracted oil. In addition, the resultant product has no residue at the end of the extraction process which makes it more desirable for numerous consumers.

Although the product extracted using the cold pressing extraction method has a lower yield than the conventional extraction process, the cold pressing extraction method is widely used as chemical or heat treatment approaches are not used in this process. It results in the production of grape seed oil in large volumes that offers numerous health benefits owing to the presence of natural antioxidants in it.

The chemical extraction segment involves the utilization of solvents. It is a diffusion process performed by the immersion of grape seeds in solvents. These solvents are recovered from a mixture of oil and solvents using evaporators and recycled into the process. The chemical extraction method has high yield efficiency, enables recycling, and is cost-effective plus easy to perform. However, during the recovery process of solvents, unsaturated fatty acid decomposition takes place resulting in a high value of crude oil and solvent residues.

Application Insights

In terms of application, the food industry segment dominated the market in 2022 with the largest revenue share of 37.46%. This high share is attributed to the use of the product as an excellent cooking oil in household applications. It has a clean taste and does not add any unwanted taste to the food items. Furthermore, the product is extensively used in cooking due to its high smoke point property.

Naturally sourced grape seed oil demand has increased due to the growing awareness regarding the benefits of natural products and simultaneously due to the harm caused by chemicals used. However, grape seed oil is treated with chemical substances to increase its yield. It has a variety of applications in food products other than its usage as cooking oil. It is extensively used in many bakery products, salad dressings, and in the production of mayonnaise. This is expected to drive the product demand in the global market over the forecast period.

Rising mindfulness among the growing population about the use of natural grape seed oil in the cosmetics industry and its benefits, especially in Europe and Asia Pacific, is expected to drive market growth. Cosmetic products such as night care cream and under-eye serum contain grape seed oil as one of the main ingredients. In addition, it is used in skincare products as a skin softener and helps to maintain the skin tone and prevents it from any possible sun damage.

Regional Insights

North America dominated the global market with the largest revenue share of 36.91% in 2022. This is attributed to the presence of multiple manufacturers, especially in the U.S. Companies like MONINI, Salute Santé, Conn Oils LLC, POMPEIAN, Plant Therapy Essential Oils, and Heritage Store are operational in the region and collectively hold a significant share of the regional market.

The U.S. product market is driven by the advancement and development in the supplements market in the country. As the product is used extensively in the formulation of various healthcare and supplement products, the product demand is anticipated to increase. In addition, the current consumer trend for the usage of organic and naturally derived products is driving market growth in the country.

In Europe, rising disposable income, high living standards, and a strong presence of food & beverage manufacturers are likely to positively contribute to the growth of the overall product market. The rising demand for chemical-free cosmetics in Europe has forced cosmetic manufacturers to utilize grape seed oil as a substitute for conventional chemicals. Moreover, the region is characterized by a high obesity rate, which in turn, is driving the healthcare industry. Pharmaceutical and nutraceuticals sectors account for a major share in terms of product consumption. Ongoing advancements in the medical industry across the region are expected to boost the growth of the product market in Europe during the coming years.

Key Companies & Market Share Insights

The competition in the market is majorly based on product quality, production capacity, and product cost. Big manufacturers including OLVEA, Alvinesa Natural Ingredients, and Mediacovrac have increased their production capacities and expanded their geographical presence using acquiring other companies or inaugurating their offices or production facilities in untapped locations. Manufacturers are concentrating profoundly on enhancing their portfolio of products as well as introducing organic and pure products, intended for keeping pace with future requirements in support of sustainable development. Some prominent players in the global grape seed oil market include:

• Mediacovrac

• BORGES AGRICULTURAL & INDUSTRIAL EDIBLE OILS, S.A.U.

• Tampieri

• OLITALIA S.R.L.

• Gustav Heess Oleochemische Erzeugnisse GmbH

• Salute Santé

• Oleificio Salvadori

• Alvinesa Natural Ingredients

• VedOils

• Henan Province Kunhua Biological Technology Co., Ltd.

Grape Seed Oil Market Report Scope

Global Grape Seed Oil Market Report Segmentation

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global grape seed oil market report based on extraction process, application, and region:

• Extraction Process Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

  • Mechanically by Pressing

  • Chemically Extracted

  • Others

• Application Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

  • Food Industry

    • Natural

    • Conventional

  • Personal Care & Cosmetics

    • Natural

    • Conventional

  • Supplements & Healthcare

    • Natural

    • Conventional

  • Others

    • Natural

    • Conventional

• Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Russia

    • Turkey

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

    • New Zealand

  • Latin America

    • Mexico

    • Brazil

    • Argentina

    • Chile

    • Columbia

  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • Egypt

    • South Africa