According to a new market report published by Lucintel, the future of the grape seed extract market looks promising with opportunities in the food and beverages, personal care, nutritional supplements, pharmaceuticals, and others. The global grape seed extract market is expected to grow with a CAGR of 7.5% from 2020 to 2025. The major drivers for this market are growing demand for grape seed extract which is used as a functional ingredient that aids in weight loss, cellulite reduction, and improvement of the immune system is expected to have a strong impact on market growth.
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In this market, liquid, powder, and gel are the major product types. Lucintel forecasts that pharmaceuticals will remain the largest segment over the forecast period because it most dietary and nutraceutical supplements contain the powdered form of grape seed extracts and consumers prefer this form as it is affordable and very convenient to use.
Within this market, food and beverages, personal care, nutritional supplements, pharmaceuticals, and others are the major application of grape seed extract. Beverages will remain the largest segment by application type over the forecast period due owing to its properties and benefits including anti-oxidant, helps to heal wound, and reduces swelling caused by injury.
Asia-Pacific is expected to witness the highest growth over the forecast period due to consumer awareness about healthy living and growing disposable income, especially in developing countries such as China and India, is expected to boost the growth of the market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global grape seed extract market by product type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Grape Seed Extract Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global grape seed extract market by product type, application, and region as follows:
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Food and Beverages
Personal Care
Nutritional Supplements
Pharmaceuticals
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
Germany
United Kingdom
France
A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.