grape skin extract market projected to surge from USD 164.47 million in 2022 to USD 391.37 million by 2033, driven by rising demand in clean-label products and antioxidants in food, beverages, and cosmetics.
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 primary drivers of this growth are the growing number of food and beverage producers who use grape skin extracts as organic and safe ingredients in their products because of their antioxidant properties, as well as the growing demand for cosmetic products made with botanical ingredients like grapes (grape skin extract).
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These extracts have demonstrated strong support for an individual’s cardiac health as well. According to reports, a sizable portion of Americans experience heart-related problems. An investigation by the U.S. According to the Department of Health & Human Services, coronary artery disease kills over 620,000 Americans each year. For instance, 370,000 deaths per year are attributed to coronary heart disease (CHD). In an attempt to reduce the incidence of heart diseases, producers of dietary supplements plan to use grape skin extracts more frequently in the creation of health supplements over the next years.
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.
Key Segments Profiled in the Global Grape Skin Extract Market
By Nature:
- Organic
- Conventional
By Product Type:
- Red Grapes
- White Grapes
By End Use:
- Cosmetics and Personal Care
- Creams
- Lotions
- Masks
- Shampoos
- Food & Beverage Processing
- Bakery Products
- Confectionery & Snacks
- Gums
- Meat Products
- Beverages
- Others
- Pharmaceuticals
- Dietary Supplements
- Capsule
- Chewable
- Liquid Extract (Tincture)
- Powder
- B2C
- Modern trade
- Specialty Stores
- Wholesale Stores
- Health & Pharmacy stores
- Online Retailing
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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.
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