Europe grape seed extracts market is anticipated to witness growth at a rate of over 7.5% by the end of 2027. The rising demand for products like nutraceuticals, cosmetics, and fortified foods & beverages is expected stir regional business growth. Adoption of encapsulation techniques by manufacturers and technological advancements in the region are likely to support the development of new grape seed extracts. Additionally, rising consumer preference for health and nutrition products to endorse regional industry expansion.
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The grape seed extracts market size might exceed USD 227 million by 2027, according to a report published by Global Market Insights.
The grape seed extracts market to grow rapidly due to rising consumer emphasis on maintaining health and fitness. Grape seed extracts (GSE) are dietetic supplements made by drying, and grinding graph seeds. They exhibits antioxidant, antifungal, and anti-inflammatory properties and can help increase strength and bone density as it is known to be a rich source of flavonoids. These extracts can also help normalize blood pressure, reduce oxidative stress, and promote energy.
Other health benefits like lessening risk of atherosclerosis, cancers, diabetes, obesity, chronic venous insufficiency, hypertension, and retinopathy will advocate grape seed extracts market share.
Companies operating in the grape seed extracts market include are Botanic Innovations LLC, Natac, Ambe NS Agro Products Pvt Ltd, Naturex, Ajinomoto OmniChem, Nexira, Fancy India Corp, Polyphenolics, Phyto Life sciences Ltd, and JF Natural. Strategic initiatives like investments in R&D for better product innovation and partnerships and mergers are being conducted by such firms to maintain their presence in the industry. In May 2018, Nexira had announced a strategic partnership agreement with InQpharm Group and Omega Pharma NV for combining expertise in sourcing, science, production facilities, and access to markets to build a stronger offering for consumers. Under this agreement, Nexira will supply ingredients to Omega Pharma.
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Some of the many benefits of grape seed extracts include protection against skin conditions such as eczema and psoriasis, tissue damage, oxidative stress, and inflammation owing to their high oxidants content. Surging demand in cosmetic formulations and personal care sector could propel product penetration in the coming years. Increasing consumer knowledge and favorable labeling norms will also contribute to its demand.
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