In 2022, it was predicted that the grape skin extract market would generate US$164.47 million. Consumer preference for clean-label beauty products and nutritional supplements is anticipated to grow, driving sales to US$ 391.37 million by 2033 and registering a CAGR of 8% from 2023 to 2033.
The main factors driving this growth are the rising demand for cosmetic products made with botanical ingredients like grapes (grape skin extract) and the rise in the number of food and beverage producers who use grape skin extracts as organic and safe ingredients in the products they make due to their antioxidant properties.
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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.
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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.
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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).
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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