Grape Seed Extract Market 2021 | Scope of Current and Future Industry 2031

Due to increasing pet humanization, a growing number of pet owners are treating their animals as family members. Therefore, they give importance to high quality, healthy pet food which contain natural ingredients. According to a recent Future Market Insights (FMI) report, increasing the awareness about the benefits of natural and organic ingredients are proving beneficial to the grape seed extract market, reaching a valuation of US$ 39.2 Mn in 2021.

Grape seed extract is a naturally derived ingredient, which is considered essential in supporting pet health and general wellbeing. The Pet Food Manufacturers Association has stated that more than 54% of the pet owners are influenced by natural and organic ingredients claims on the pet food. Therefore, the trend of clean label ingredients is elevating the demand for grape seed and associated products in pet food applications.

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-840

Key Takeaways from Grape Seed Extract Market Study

  • Grape seed extract market is estimated to account for 5.7% CAGR in the forecast period with large-scale applications in the animal feed sector.
  • The U.S. grape seed extract market is estimated to be valued at US$ 16.6 Mn in the year 2021, driven by pet food applications.
  • Conventional nature of grape seed extract market accounts for more than 74% of the market owing to easy access to raw materials and lower costs of production.
  • France and Germany are key markets for grape seed extract in the EU, owing to relatively mature markets for raw materials.
  • Norway and Bulgaria are nascent albeit high potential markets for grape seed extract, exhibiting CAGRs of more than 8% in the Europe market.
  • India and China will dominate the Asia Pacific market for grape seed extract, accounting for more than 15% and 18% of the regional market share respectively.

How is E-commerce Affecting Sales Prospects?

E-commerce has been experiencing steady growth and influencing purchase patterns of consumer in recent years. A significant number of consumers are moving from brick-and-mortar outlets to online shopping. Benefits of convenience, and multiple product options, a larger number of millennial consumers prefer to purchase through online retailing.

For Information On The Research Approach Used In The Report, Request TOC@ https://www.futuremarketinsights.com/toc/rep-gb-840

Key Questions Answered in the Report

  • Which is the most lucrative market for grape seed extract in pet food application market?
    North America currently leads the global market for grape seed extract in pet food applications.  Sales in North America is expected to account for nearly 40% of total demand registered in the global grape seed extract market between 2021 and 2031.
  • Which is the preferred nature of grape seed extract?
    The conventional nature for grape seed extract in pet food applications is expected to account for more than three-quarters of the global market.
  • Which is the Key Type of Grape Seed in Pet Food Application?
    The grape seed extract is likely to be increasingly used in the production of dry food for pets.
  • Which are some of the leading companies offering grape seed extract in pet food application products?
    Some of the leading companies offering are Purina., JM Smucker Co Louis Dreyfus Company B.V., Mars Incorporated, Betagro Public Company Limited, Affinity Petcare SA, Nutro Products Inc, Fromm Family Foods LLC., Dave’s Pet Food, Diana-pet food, Burgess Group PLC, Champion Petfoods, Hill’s Pet Nutrition, Evanger’s Dog & Cat Food Company, Inc, Lafeber Co., 4Legs Pet Food Company, Boulder Dog Food Company, L.L.C., Real Pet Food Company., Diamond Pet Foods and others.

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