Grape Seed Oil Market

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. Grape seed oil is obtained in winemaking. It 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 among others. Grape seed oil is used in cosmetic products and personal care. It is also used for acne reduction, and anti-inflammatory among others. Increasing demand of grape seed oil in personal care & cosmetics and increasing health consciousness among individuals along with rising spending on cosmetic products are the major factors driving the growth of the market.

Key Takeaways

• North America dominated the Grape Seed Oil Market in 2020 owing to the increasing awareness regarding personal grooming and increasing demand for personal & cosmetic industry. The Grape Seed Oil Market scope for different regions will be provided in the final report.

• Increasing preference of consumers towards cosmetic products and increasing demand for eco-friendly & sustainable food products are likely to aid the market growth of the Grape Seed Oil Market report.

• Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be Grape Seed Oil Market report.

• Increasing usage of harmful chemicals in the production process and increasing competition is poised to create the hurdles for the Grape Seed Oil Market.

By Distribution Channel- Segment Analysis

Mechanical segment held the largest share in the Grape Seed Oil Market in 2020 and is estimated to grow at a CAGR 4.1% during the forecast period 20212026. This is attributed to the fact that it requires less energy consumption as compared to other techniques of extraction. 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 is environment friendly and excludes the usage of hexane and air pollutant. The grape seed oil production requires less investments and so it is simple and ecological. Mechanical are estimated to register the higher CAGR over the period 2021-2026.

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