Global Grapeseed Oil Market Opportunities and Forecast 2020-2027

Global Grapeseed Oil Market, By Extraction Process (Mechanical, Chemical, Others), By Application (Food & Beverages, Cosmetics, Healthcare, Others) and opportunities and forecast 2020-2027

Grapeseed Oil Market Overview

The growing trend towards a healthier lifestyle and shift in consumers’ interest towards the utilization of naturally derived products is projected to boost the grapeseed oil industry share. Rising cases of lifestyle disorders have like cardiovascular diseases, bone & joint problems have boosted the demand for high-quality ingredient formulations from numerous industries including pharmaceuticals and food & beverage.
 
Increasing investment by several manufacturers towards research & development of plant-based ingredient formulations further is predicted to present lucrative opportunities for market expansion. Additionally, advancements in technology have paved the way for sustainable grapeseed oil production, expanding its scope of usage in several applications. Manufacturers are engaged in product and technological innovations to cut back the general extraction & manufacturing cost.
 
Increasing consumer shift towards the utilization of natural ingredients attributable to their superior health benefits will support the market size. Additionally, growing consumer awareness towards the adverse effects of artificial growth promoters in therapeutic drugs and supplemental formulations should foster grapeseed oil market statistics.
 
And also, there are various environmental concerns related to conventional agriculture like soil erosion, water problems, GMO, and pesticide contamination so that it can restrains the market growth of grapeseed oil market.
 
Covid-19 Impact on Grapeseed Oil Market:

A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, safety, supply chain, training, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in beverage industry is facing a devastating effect of pandemic. 13% of the craft beer sector around the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, shortage of raw materials caused shut down of many small to medium food processing companies around the world.
 
Grapeseed Oil Market Segment Overview

On the basis of extraction process, the grapeseed oil market is segmented into mechanical, and chemical. Mechanical segment has been further segmented into cold pressing, and organic solvent. Chemical has been further segmented as heat treatment.
Based on application, the grapeseed oil market is segmented into food and beverage, cosmetic, supplements and healthcare, and other. Food and beverage has been further segmented into vegetable oil, baking cake, and wine. Cosmetic has been further segmented into creams, soaps, lotions/ moisturizer, and hair oil. Supplements and healthcare has been further segmented into syrups and medicine, and nutrition.

Market Analysis, Insights and Forecast – By Extraction Process
·       Mechanical
·       Chemical
·       Others

Market Analysis, Insights and Forecast – By Application
·       Food & Beverages
·       Cosmetics
·       Healthcare
·       Others

Grapeseed Oil Market Regional Overview

Region-wise, in terms of regions,   North America's grapeseed oil market size is predicted to succeed in around USD 200 million by 2027, as consumers are steadily moving towards natural products. Consumers increasingly prefer organic, non-GMO, and sustainable food products due to rising concerns regarding food safety. Grapeseed oil is eco-friendly in nature because it is extracted from the seeds of grapes which might otherwise be discarded.Addittionaly, Grapeseed oil is usually produced from certified organic black wine grapes without the utilization of solvents or chemical processing, which is projected to fuel the regional market share.

Grapeseed Oil Market, By Geography
 
·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
Grapeseed Oil Market Competitor overview

Some key developments and strategies adopted by manufacturers in the Grapeseed Oil are highlighted below.

·       In September 2019, Olitalia has invested in research and development and strategically invested in communication strategy involving publicity campaigns dedicated to focus on consumers so as to extend brand awareness.

Grapeseed Oil Market, Key Players

·       MEDIACO VRAC
·       Tampieri
·       Borges
·       OLITALIA S.R.L.
·       Gustav Heess Oleochemische Erzeugnisse GmbH
·       PIETRO CORICELLI S.P.A.
·       Specialty Food Association, Inc.
·       Oleificio Salvadori
·       Hebei Hinch Code Biotechnology Co., Ltd.
·       Aromex Industry
·       COSTA D’ORO
·       SuperSano
·       SOPHIM IBERIA SL
·       POMPEIAN.
·       ITOCHU Corporation.
·       BERJÉ INC.
·       Augustus Oils Ltd.
·       NOW Foods
·       Heritage Store.
·       PLANT THERAPY ESSENTIAL OILS.
·       Cococare Products, Inc.