The grape skin extract market was projected to reach US$ 164.47 million in 2022. Clean-label nutritional supplements and cosmetics are expected to gain popularity among consumers, boosting sales to US$ 391.37 million by 2033 and registering a CAGR of 8% from 2023 to 2033.
The main drivers of this growth are the increasing demand for cosmetic products made with botanical components like grapes (grape skin extract) and the rise in the number of food and drink manufacturers using grape skin extracts as organic and secure ingredients in the products they produce due to their antioxidant properties.
These extracts are proven well to support the cardiac health of an individual too. It has been reported that a significant percentage of Americans struggle with heart-related issues. A study by the U.S. Department of Health & Human Services suggests that coronary artery disease accounts for around 620,000 deaths among Americans annually. For instance, coronary heart disease (CHD) accounts for 370,000 annual mortalities. Dietary supplement manufacturers anticipate using grape skin extracts more frequently in the development of health supplements over the next years in an effort to lower the prevalence of heart illnesses.
Grape skin extract is employed in a significant share of the worldwide marketplace for skincare products. Proanthocyanidins, which protect against UV damage, stop collagen disintegration, and fight radical damage, are included in this type of substance, which has been used for decades to combat premature aging as well as wrinkles. Grape skin extracts are commonly used as compounds or lotions to treat acne owing to their antibacterial properties.
Key Takeaways from the Market Study
- The global market for grape skin is expected to be valued at US$ 177.96 million by 2023
- From 2018 to 2022, the market demand expanded at a CAGR of 5.1%
- In 2022, the United States market for grape skin extract accounted for about 35% of North American market share.
- The Asia Pacific market to experience a rapid CAGR of 9.5% from 2023 to 2033.
“The growing understanding of grape skin extract as a useful component that promotes immune system enhancement, weight loss, as well as cellulite reduction is anticipated to have a significant influence on the market expansion.” remarks an FMI analyst.
Competitive Landscape
Prominent players in the grape skin extract market are:
- Keller Juices S.R.L
- GRAP’SUD
- Plamed Green Science Group
- Nans Product
- NFC Industry Co., Limited
- Nutra Food Ingredients
- Alvinesa Natural Ingredients
- Aspire Lifesciences Private Limited
- Natac group
- PanteleyToshev Ltd
- Vital herbs
- Tangshan EusaColors Int’l Group(EUSA COLORS)
- Presque Isle Wine Cellars
- Parchem Trading Ltd
Some key developments of the leading companies in this market are:
- Vital Herbs has developed into a well-known exporter, producer, dealer, distributor, and supplier of fruit and botanical extracts. Organic herbal extracts, clean herbal extracts, as well as essential oils are among the products they sell. The company’s Grape Skin Extract is especially high in polyphenols like resveratrol along with anthocyanidin, that possess hypolipidemic, antioxidant, as well as anti-cancer advantages.
- In 2021, Natac constructed a brand-new production plant in Hervas, Extremadura, allowing for the growth of several product lines. The company was able to serve a wider client base and increase production because to this expansion.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global grape skin extract market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the grape skin extract market, the market is segmented on the basis of grape skin extract by nature (organic and conventional), product (red grapes and white grapes), end-use and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
About the Food and Beverage Division at Future Market Insights
The food and beverage team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
