The grape seed extract in pet food application market is securing a valuation of US$ 43 million in 2023 and is rising to US$ 73.7 million by 2033. The market is registering a CAGR of 6% during the forecast period.
Grape seed extract is a nutritional supplement derived from grape seeds. It may help prevent cells from free radical damage due to the antioxidants in it. Grape seed extract may offer anti-inflammatory and antibacterial properties, according to the study.
Recently, the amount of grape seed extract in pet food has increased. Pet owners are looking for natural and holistic substitutes for popular pet food components in order to reap potential health benefits.
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Grape seed extract is commonly utilised in pet food due to its antioxidant properties. The ingredient may benefit a pet’s immune system and protect it from oxidative stress, which is a primary cause of chronic illness. Grape seed extract may assist pets’ cardiovascular health, as well as their skin, coat, and joints.
It’s important to remember that adding grape seed extract in pet food is still a new trend. Before using grape seed extract in your pet’s food, as with any dietary item or supplement, visit your veterinarian.
Key Takeaways:
- The grape seed extract in pet food application market is expected to have a valuation of US$ 7 million by 2033.
- With a CAGR of 6%, the global market is increasing during the forecast period.
- The United States grape seed extract in pet food application market is anticipated to expand at a CAGR of 8% through 2033.
- Historically, the market secured a CAGR of 3% between 2018 and 2022.
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Who is Winning?
The key players fragment the market by adopting several marketing methodologies. A few of the key players in the grape seed extract in the pet application market may adopt the following strategic policies:
- Expansion of Product Line:Key players in the market may expand their product line by introducing new pet food products containing grape seed extract. This strategy can help companies differentiate themselves from competitors and attract new customers.
- Partnerships and Collaborations:Companies may form partnerships or collaborations with other players in the market to leverage their expertise and resources. For example, a company specializing in pet food production may collaborate with a company specializing in grape seed extract production to develop new products.
- Marketing and Promotion:Key players may invest in marketing and promotion campaigns to create awareness and increase product demand. This strategy can help companies improve their market share and attract new customers.
- Research and Development:Companies may invest in research and development to identify new applications for grape seed extract in pet food products. This strategy can help companies stay ahead of the competition and meet the evolving needs of pet owners.
- Mergers and Acquisitions:Key players may also engage in mergers and acquisitions to consolidate their position in the market and gain access to new markets or technologies. This strategy can help companies achieve economies of scale and enhance their competitive advantage.
Other Essential Players in the Market:
- NutriScience Innovations LLC
- Kemin Industries, Inc.
- Nexira
- Martin Bauer Group
- Naturex
- Indena S.p.A.
- BI Nutraceuticals
- Sabinsa Corporation
- Swanson Health Products
- NOW Health Group, Inc.
- Blue Buffalo Co., Ltd.
- Hill’s Pet Nutrition, Inc.
- Mars Petcare Inc.
- Nestlé Purina PetCare
- Royal Canin
Recent Developments in the Market:
- NutriScience Innovations LLC: In 2020, NutriScience Innovations introduced a new grape seed extract product called Nutri-Master GSPE. This product is a water-soluble grape seed extract used in pet food and other animal nutrition applications. According to the company, Nutri-Master GSPE has a high concentration of polyphenols and antioxidants, making it an ideal ingredient for supporting pet health.
- Naturals Best Inc.: Naturals Best Inc. has continued expanding its pet supplements that contain grape seed extract. In addition to its existing products, the company has launched several new accessories that feature grape seed extract as a key ingredient. These include ‘Healthy Coat for Dogs and Cats,’ ‘Calming Aid for Dogs and Cats,’ and ‘Immune Support for Dogs and Cats.’
- NaturVet: NaturVet has recently introduced a new line of pet supplements called ‘Vital Pet Life.’ This line includes several products that feature grape seed extract, such as Joint Support Soft Chews, Senior Advanced Soft Chews, and Immune Health Soft Chews. The company has also launched a new product called Hemp Quiet Moments, which contains hemp seed oil, melatonin, and other natural ingredients to help calm pets during stressful situations.
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Grape Seed Extract in Pet Food Application Market by Category
By Nature:
- Organic
- Conventional
By Animal Type:
- Cat
- Dog
- Birds
- Horse
- Rabbits
By Product Type:
- Wet Food
- Dry Food
- Treats and Chews
- Frozen
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa (MEA)
Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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