Increasing Demand of Grape Seed Oil in Personal Care & Cosmetics and Increasing Consciousness Among Individuals Along with Increasing Spending on Cosmetic Products are Anticipated to Boost the Grape Seed Oil Market During the Forecast Period 2021-2026. Grape Seed Oil Market Size Is Forecast To Reach $647.8 Million By 2026, Growing At A CAGR of 3.8% During The Forecast Period 2021-2026.
The Grape Seed Oil market is growing at a significant rate owing to the increasing demand of grape seed oil in personal care & cosmetics and increasing consciousness among individuals. Grape seed oil is extracted from grape seeds that are obtained after wine is made. It is a rich source of polyunsaturated fatty acids that typically contains linoleic acid, and palmitic acid. Grape seed oil is used in cosmetic products and personal care. It is also used for acne reduction, and anti-inflammatory among others. Increasing preference of consumers towards cosmetic products and increasing demand for eco-friendly & sustainable food products is increasing the growth of the market.
Rising prevalence of chronic diseases is increasing the growth of the Grape Seed Oil Market. Leading cause of death around the world is owing to the chronic diseases. Around 29% of the death is owing to the chronic diseases and 40.5% of the U.S. population suffers from the diseases. Grape seed oil contains vitamin E along with fatty acids that helps to maintain a healthy diet. Using cold press methods at low temperature, high quality oil is obtained without any addition of additives and solvents. Mechanical extraction does not involve any chemical reactions and makes the process easy to use. It excludes the usage of hexane and air pollutant. It helps in moisturizing the skin, and age spots as well as repairs the skin. Increasing investments in the research & development, increasing availability of natural ingredients for enhancing the properties of the skincare, and increasing product innovations in the herbal extracts are increasing the growth of the market.
North America dominated the global market share of the grape seed oil market in 2020 owing to the increasing government initiatives to enhance consumer knowledge towards new innovations in the field of grape seed oil, and increasing focus on the research & development to adopt plant extracts in medicinal formulations that offers health benefits. Increasing inclination of the grape seed oil consumers towards the natural and herbal products, and increasing number of applications in the healthcare sector. All these factors are set to increase the new growth opportunities to the grape seed oil market in the region during 2021-2026.
- Increasing Adoption of Natural Ingredients in Cosmetics
- Rising Prevalence of Chronic Diseases
- Increasing R&D investments is set to increase the growth of the Grape Seed Oil Market during the forecast period 2021-2026.
The major companies in the Grape Seed Oil Market include Food & Vine Inc., Hebei Biotechnology Co. Ltd., Mediaco Vrac, Borges Mediterranean Group, and Gustav Hees GmbH among others.
Over the years, major market players have focused on different grape seed oil that were typically used in cosmetic surgeries. The launch of new market companies, adequate funding, and government-aided policies help in the development of grape seed oil products. The continuous developments in the Grape Seed Oil Market such as advanced technologies, increasing funding amount of start-ups and research organizations, and increasing number of grape seed oil products are the major factors set to drive the Grape Seed Oil Market during the forecast period 2021-2026.