Grapeseed Oil Market Demand, Latest Trends & Forecast to 2026
Selbyville, Delaware, United States, November 4 2020 (Wiredrelease) Global Market Insights, Inc –:Grapeseed oil market size has been witnessing an exponential growth over the last couple of decades due to the surging demand for plant-based ingredients in several end-use applications. The product is a high source of vital fatty acids such as omega-3 and omega-6. Grapeseed oil benefits range from exhibiting anti-inflammatory properties, reduction in the risk of cardiovascular diseases, control levels of cholesterol, facilitate wound healing and cater as a suitable alternative to saturated fats and trans fats.
The increasing requirement to extract plant-based products coupled with the shifting trend towards adopting a healthy lifestyle will support innovations and technological advancements in the field. Global grapeseed oil industry share is projected to surpass a total valuation of USD 560 million by 2025. Proliferating interest of the consumers in natural and non-synthetic ingredients primarily in Germany and U.K. has steered the production of sustainable and eco-friendly food products.
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During the year 2017, retail sales of organic food products in Germany accounted for USD 11 billion. While Switzerland showcased highest per capita consumption of organic food amounting to USD 315 in the same year. Organic foods contain fewer pesticides, are known to be beneficial for the environment, carry a longer shelf life as they do not have preservatives and are GMO (genetically modified organisms) free, making them a preferred choice among people worldwide.
The product is widely used in various food formulations pertaining to their characteristics of being heat-resistance and reduce inflammation in the body. Grapeseed oil is a rich source of fatty acids, linoleic acid that are not synthesized in the body and are essential for growth and development. Moreover, it is clean, leaves no after taste and is considered safe for deep frying and high-temperature cooking, bolstering grapeseed oil market trends.
There is a growing use of chemical processes in the extraction of grapeseed oil mainly to avoid oxidation of unsaturated fatty acids and utilization of chemicals such as hexane. The process is reportedly known as ‘solvent extraction’ and facilitates delivery of high production output with lower consumption of energy, making it a viable technology for production. Moreover, high effectiveness in the extraction of oil from natural plants coupled with the ability to meet the required industrial-scale production are some additional advantages offered by the process.
Proliferating cases of chronic diseases such as diabetes, obesity, heart diseases, high cholesterol, and nerve damages across the globe has encouraged the adoption of high-quality nutrients and phytochemicals in food products. Grapeseed oil helps in improving the immune system of a human body along with enhancing the body growth as it possesses antifungal and antimicrobial properties
Furthermore, optimum consumption of grapeseed oil prevents joint pain and inflammation, lowers oxidative damage, boosts immunity and improves bone strength hence reducing the risk to arthritis. In 2018, the global vegetable oil consumption volume had reached USD 200 million tons, favoring the product demand.
Superior concentration of unsaturated fats helps in monitoring the levels of omega fatty acids in the body while ensuring an effective cholesterol level. Higher levels of GSO in cosmetics facilitate high- moisture management, speeds the healing process and is easily absorbed by the skin without leaving behind any residue when compared to other cosmetic oils. The rise in disposable income among people and the change in lifestyles of consumers has amplified the cosmetics industry globally.
Reports estimate that North America cosmetics market size is poised to surpass USD 85 million by the end of 2025. Grapeseed oil is considered to be beneficial in reducing the appearance of wrinkles, protection from free radicles and renders skin hydration and softening effects thereby propelling the use of the product in the vast U.S. cosmetics industry.
Widespread consumer base in the U.S. demanding organic products to protect the skin from harmful side effects will complement grapeseed oil industry landscape. With the rise in consumer knowledge regarding the benefits of natural extracts, leading manufacturers in U.S. and Canada are using botanical ingredients that provide a high concentration of antioxidants and essential oils that help in achieving radiant and healthy skin.
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