LAMEA Grapeseed Oil Market

LAMEA Grapeseed Oil Market Size, Share & Trends Analysis Report By Type (Conventional, and Natural), By Extraction Process (Mechanically by Pressing, Chemically Extracted, and Others), By Application, By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-23398 Publication Date: July-2024 Number of Pages: 106
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Market Report Description

The Latin America, Middle East and Africa Grapeseed Oil Market would witness market growth of 9.9% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 1,106.5 tonnes, showcasing a growth of 11.2% (2024-2031).

Grape seed oil is also a source of essential fatty acids, particularly omega-6, which are vital for maintaining healthy cell membranes and supporting brain function. Its anti-inflammatory properties make it a popular ingredient in supplements aimed at reducing inflammation and promoting joint health. Additionally, grape seed oil is used in supplements for skin health, as its nutrients support collagen production and improve skin elasticity and hydration. Thus, in Brazil, 137.05 tonnes of grapeseed oil would be utilized for supplements & healthcare by the year 2031.

LAMEA Grapeseed Oil Market

The Brazil market dominated the LAMEA Grapeseed Oil Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $18,909.1 Thousands by 2031. The Argentina market is registering a CAGR of 10.7% during (2024 - 2031). Additionally, The UAE market would capture a CAGR of 9.5% during (2024 - 2031).

The antimicrobial action of grapeseed oil is also being explored in oral healthcare products. Toothpastes and mouthwashes containing grapeseed oil can help reduce oral bacteria, prevent gum disease, and maintain oral hygiene. This natural approach particularly appeals to consumers wary of the chemicals in many conventional oral care products. The rise in consumer preference for natural ingredients in pharmaceuticals and personal care products drives pharmaceutical companies to innovate and incorporate grapeseed oil into their product lines.

The pharmaceutical industry’s interest in grapeseed oil also extends to its potential role in cancer treatment and prevention. According to preliminary research, grapeseed oil may possess anti-cancer properties, particularly in terms of its capacity to elicit apoptosis (programmed cell death) in cancer cells and impede tumour growth. Although additional clinical trials are required to completely comprehend and verify these effects, the preliminary results are encouraging and have motivated additional research into the potential applications of grapeseed oil in oncology. This area of research could open new avenues for developing natural, plant-based cancer therapies, adding to the market growth of grapeseed oil.

In Africa, the market is gradually expanding as awareness about the benefits of grapeseed oil increases and economic conditions improve, allowing for higher consumer spending on premium products. For instance, in the third and fourth quarters of 2022, the government of Nigeria reported that National Disposable Income increased by 1.08% and 4.98%, respectively. This growth has translated into higher household incomes, particularly among the burgeoning middle class. Consumers can increasingly purchase premium and health-oriented products, including grapeseed oil, with more disposable income. Thus, these factors illustrate the diverse and growing demand for grapeseed oil across the LAMEA region.

Free Valuable Insights: The Worldwide Grapeseed Oil Market is Projected to reach USD 990.3 Million by 2031, at a CAGR of 8.2%

Based on Type, the market is segmented into Conventional, and Natural. Based on Extraction Process, the market is segmented into Mechanically by Pressing, Chemically Extracted, and Others. Based on Application, the market is segmented into Food Industry, Personal Care & Cosmetics, Supplements & Healthcare, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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List of Key Companies Profiled

  • Borges International Group, S.L.
  • Tampieri spa
  • OLITALIA S.R.L.
  • Gustav Heess Oleochemische Erzeugnisse GmbH
  • Salute Santé (Food & Vine, Inc.)
  • Oleificio Salvadori S.r.l
  • ALVINESA NATURAL INGREDIENTS S.A.U
  • ConnOils LLC (CoreFX Ingredients LLC)

LAMEA Grapeseed Oil Market Report Segmentation

By Type (Volume, Tonnes, USD Million, 2020-2031)

  • Conventional
  • Natural

By Extraction Process (Volume, Tonnes, USD Million, 2020-2031)

  • Mechanically by Pressing
  • Chemically Extracted
  • Others

By Application (Volume, Tonnes, USD Million, 2020-2031)

  • Food Industry
  • Personal Care & Cosmetics
  • Supplements & Healthcare
  • Others

By Country (Volume, Tonnes, USD Million, 2020-2031)

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
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