Plant-based Foods Is Fastest Growing Segment Fueling The Growth of Grape Seed Extract Market

 The Benefits Of Grape Seed Extract, Grape Seed Extract Anti Aging - Sunsafe Rx

The global Grape Seed Extract Market is estimated to be valued at US$ 219.7 Mn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Grape seed extract is a highly potent antioxidant used in dietary supplements and cosmetic products due to its high antioxidant and anti-inflammatory properties. It helps boost heart health, improve vision, and fight aging.

Market Key Trends:

The growth of the plant-based foods industry is fueling demand for grape seed extract. Grape seed extract has gained popularity as a natural preservative and antioxidant in plant-based meat and dairy alternatives. Its ability to extend shelf-life and impart color without artificial ingredients makes it suitable for use in many vegan foods. Rising health consciousness and concerns about sustainability have led to increased consumption of plant-based products globally. This growing market for vegetarian and vegan foods is expected to drive the demand for grape seed extract over the forecast period.

Segment Analysis:

The global grape seed extract market is segmented into product type and application. By product type, the market is fragmented into powder, liquid, and gel capsule. Among these, the powder segment dominates the market due to ease of use in the food and beverage, nutraceuticals, and personal care industries. Powder grape seed extract provides stability at room temperature and facilitates hassle-free consumption.

Key Takeaways
The global grape seed extract market is expected to witness high growth, exhibiting CAGR of 8.4% over the forecast period, due to increasing health awareness among consumers.

Regional analysis
The Asia Pacific region is expected to witness the fastest growth in the grape seed extract market over the forecast period. This is attributed to increasing disposable incomes coupled with rising health awareness in the region. Furthermore, ample availability of grape seeds and abundance of dietary supplements manufacturers in the region also contribute to its market dominance.

Key players
Key players operating in the grape seed extract market include Botanic Innovations LLC, Polyphenolics, NATUREX, Nexira, Augusto Bellinvia srl, Hunan NutraMax Inc., Jianhe Biotech Co., Ltd., Ambe NS Agro Products Pvt. Ltd., Midas Pharma GmbH, and Bhooratna Agri Processors. These key players collectively account for a considerable share in the global market. They have wide distribution networks and product portfolios targeting individual application areas.

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