Grape Seed Extract Market: Outlook
The grape seed extract market may gain promising growth across the assessment period of 2020-2030 on the back of the several advantages it offers after frequent consumption. These extracts are added extensively in various supplements owing to its oligomeric procyanidins (OPC) properties. These properties are useful for treating conditions like high cholesterol, macular degeneration, low blood circulation, and others. This aspect acts as a robust pillar of growth for the grape seed extract market.
Grape seed extracts are dietary supplements that are prepared by removing, drying, and pulverizing the grape seeds. These seeds are rich in antioxidants such as anthocyanins, phenolic acids, and flavonoids. Thus, these factors influence the growth of the grape seed extract market to a great extent.
Grape seed extracts are available in powdered, gel, and liquid form. They are used across various applications such as pharmaceuticals, food and beverages, personal care, nutritional supplements, and others. Other benefits include possession of antifungal, antibacterial, and antiviral properties.
All these factors bring tremendous growth prospects for the grape seed extract market. The utilization of grape seed extract as a viable alternative to chlorine as a water purification agent may further enhance the growth prospects of the grape seed extract market.
The study on the grape seed extract market helps the CXOs to bury the barriers of fake information and offers a full analysis of varied segments. The report offers a five-point (emerging trends, competitive landscape, a scrutinized detail of the regions, key players, and latest developments) benefit to the stakeholder. This factor plays an important part in imparting the right information to the stakeholder.
Furthermore, the study pays attention to the effect of the SARS-CoV-2 pandemic and also on the dangers that may hurt the growth of the grape seed extract market. The detailed study conducted by the researchers also sheds light on the opportunities and challenges that the grape seed extract market may face between 2020 and 2030.
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Grape Seed Extract Market: Competitive Analysis
The grape seed extract market is extremely fragmented. The players in the grape seed extract market are involved in fierce competition. The players in the grape seed extract market invest heavily in research and development activities. These activities help the players to launch novel formulations that prove useful for the end-users.
Mergers, acquisitions, joint ventures, collaborations, and partnerships form an important part of the portfolio strengthening policy. These activities assist the players in the grape seed extract market to increase their influence. Expansion activities are always in the pipeline and aid the players in exploring untapped opportunities. Thus, all these aspects bring tremendous growth for the grape seed extract market.
Some well-established players in the grape seed extract market are Hunan NutraMax Inc., Botanic Innovations LLC, NetQem LLC, Piping Rock Health Products, LLC, Augusto Bellinvia Srl, and Polyphenolics.
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Grape Seed Extract Market: Key Developments
The grape seed extract market s abuzz with developments. These developments assure overall growth for the grape seed extract market. Some of the recent developments are as follows:
• HumanN, a leading science-backed functional foods and nutritional product provider launched SuperGrapes Chew, the only chew with grape seed extract for supporting a normalized blood pressure rate and offering energy support
• Swisse, a health and wellness firm recently announced its plans to launch dietary supplements and skincare products containing upcycled grape seed extract
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Grape Seed Extract Market: Regional Dimensions
Asia Pacific’s grape seed extract market is expected to garner promising growth across the assessment period of 2020-2030 on the back of the increasing consumer awareness and the rising disposable income among a considerable populace in the region. The wellness industry in India is thriving at a rapid pace, thus inviting good growth prospects for the grape seed extract market.