NEW YORK , April 12, 2022 /PRNewswire/ -- The grapeseed extract market estimates a market value of USD 60.78 million from 2021 to 2026 as per the latest market report by Technavio. In addition, the report projects the market to progress at a CAGR of 7.28%. 32% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for grapeseed extract in North America . Market growth in this region will be faster than the growth of the market in South America and MEA. The high demand for functional supplements, owing to a growing inclination toward health, fitness, wellness, and adoption of a healthy diet in countries such as the US, will facilitate the grapeseed extract market growth in North America over the forecast period
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Grapeseed Extract Market: Segmentation Analysis
This market research report segments the grapeseed extract market by Product (Powder and Liquid) and Geography (North America , Europe , APAC, South America , and the Middle East and Africa ).
The grapeseed extract market in the powder-based grapeseed extracts segment will be significant for revenue generation. Powdered grapeseed extracts are highly preferred in capsules and tablets because the solvent is removed from the final product. Companies have been investing in product innovations for developing new types of grapeseed extracts. For instance, in 2021, Bluebonnet Nutrition Corp. launched its 'Super Fruit Grapeseed Extract' derived from Champagne Grapeseeds from France. Such factors will drive the segment growth in the forecast years.
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Multiple benefits of grapeseed extracts to drive growth
The key factor driving the global grapeseed extract market growth is the multiple benefits of grapeseed extracts. Grapeseed extracts offer numerous benefits, such as cellulite reduction, weight loss, and immune system enhancement. Grapeseed extracts are available as a dietary supplement containing 50 or 100 milligrams in tablets or capsules and liquid form, which helps in the treatment of poor blood circulation, high cholesterol, macular degeneration, atherosclerosis, and nerve damage. Furthermore, the extracts are also recommended for the treatment of earaches, candidiasis, diarrhea, and throat infections. Grapeseed extract is rich in phytochemicals and nutrients, which has a multitude of uses and many benefits for human health because it contains tocopherols, citric acid, vitamin C, sterols, limonoids, and trace minerals. Thus, the aforementioned benefits of grapeseed extracts will further drive market growth during the forecast period.
The rising demand for food supplements globally is a major trend
The rising demand for food supplements globally is one of the key grapeseed extract market trends that is expected to impact the industry positively in the forecast period. The increasing importance of grapeseed extracts as a functional ingredient in weight loss has been driving the target market growth. For instance, childhood obesity is a serious health problem in the US. In 2021, one in five children and adolescents in the US had obesity. Furthermore, according to the Multidisciplinary Digital Publishing Institute, in 2020, the beneficial effects of grapeseed extracts were studied in relation to body weight and fat storage in hamsters. According to the Centers for Disease Control and Prevention (CDC), about 659,000 people in the US die from heart disease each year, that's 1 in every four deaths. Such factors will further support the market growth during the forecast years.
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The grape juice market size has the potential to grow by USD 679.45 million from 2019 to 2024 and the market's growth momentum will accelerate throughout the forecast period. Download a free sample now!
The grape seed oil market size has the potential to grow by USD 73.07 million from 2020 to 2025 and the market's growth momentum will accelerate at a CAGR of 3.89%. Download a free sample now!
Accelerate at a CAGR of 7.28%
Leading companies, competitive strategies, consumer engagement scope
ActivInside, Alvinesa Natural Ingredients, Ambe NS Agro Products Pvt. Ltd., Benepure Pharmaceutical Co. Ltd., Bhooratna Agri Processors, Botanic Innovations LLC, Breko GmbH, ConnOils LLC, E. and J. Gallo Winery, Fancy India Corp., Forward Farma BV, Gustav Heess Oleochemische Erzeugnisse GmbH, Hebei Xinqidian Biotechnology Co. Ltd., JF Natural, Midas Pharma GmbH, Natac Ingredients SLU, Natrusolate, NetQem LLC, NEXIRA, Phyto Life Sciences P Ltd., and PipingRock Health Products LLC
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
3.4 Market outlook: Forecast for 2021-2026
5.3 Powder - Market size and forecast 2021-2026
5.4 Liquid - Market size and forecast 2021-2026
7.3 North America - Market size and forecast 2021-2026
7.4 Europe - Market size and forecast 2021-2026
7.5 APAC - Market size and forecast 2021-2026
7.6 South America - Market size and forecast 2021-2026
7.7 Middle East and Africa - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 China - Market size and forecast 2021-2026
7.10 Germany - Market size and forecast 2021-2026
7.11 Canada - Market size and forecast 2021-2026
7.12 UK - Market size and forecast 2021-2026
8.3 Impact of drivers and challenges
10.3 Ambe NS Agro Products Pvt. Ltd.
10.5 E. and J. Gallo Winery
10.6 Gustav Heess Oleochemische Erzeugnisse GmbH
10.7 Hebei Xinqidian Biotechnology Co. Ltd.
10.11 Phyto Life Sciences P Ltd.
11.3 Currency conversion rates for US$
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
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