The Asia Pacific Grapeseed Oil Market would witness market growth of 8.7% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 2,658.8 tonnes, showcasing a growth of 20.0% (2020-2023).
Grape seed oil is highly valued in the food industry for its light, nutty flavor and versatile culinary applications. Its high smoke point of around 420°F (216°C) makes it ideal for frying, sautéing, and baking, as it can withstand high temperatures without breaking down and producing harmful compounds. Additionally, grape seed oil is rich in polyunsaturated fats, particularly omega-6 fatty acids, and antioxidants such as vitamin E, which contribute to its health benefits, including heart health and anti-inflammatory properties. Therefore, in South Korea, 81.00 tonnes of grapeseed oil utilized by food industry in 2023.
The China market dominated the Asia Pacific Grapeseed Oil Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $72,092 Thousands by 2031. The Japan market is capturing a CAGR of 8.1% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 9.4% during (2024 - 2031).
Grapeseed oil is highly regarded in the cosmetics and personal care industry, in addition to its culinary applications. The oil is a favoured component of cosmetics and haircare products due to its abundance of vitamin E, antioxidants, and essential fatty acids. In hair care, grapeseed oil is praised for its ability to condition and strengthen hair without leaving a greasy residue, making it a key ingredient in conditioners, hair masks, and treatments.
The health benefits of grapeseed oil extend beyond its external applications. The oil is known for its high content of polyunsaturated fats, particularly linoleic acid, which plays a crucial role in maintaining cardiovascular health. Consuming grapeseed oil as part of a balanced diet can help reduce cholesterol levels, improve circulation, and lower the risk of heart disease.
The demand for natural components in beauty products is on the rise, the cosmetics and personal care products industry in Asia Pacific is also rising at a rapid rate. The total value of cosmetics produced in South Korea in 2021 was $14.5 billion, according to data from the International Trade Administration. Cosmetics exports reached a record high of $9.2 billion, a 21.3 percent increase from the previous year. South Korea's cosmetics sector trade surplus increased by 28.6 percent to $7.8 billion. Thus, the expansion of these industries will also drive the demand for grapeseed oil and, in turn, the regional market's growth.
Free Valuable Insights: The Global Grapeseed Oil Market is Predict 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 China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Type (Volume, Tonnes, USD Million, 2020-2031)
By Extraction Process (Volume, Tonnes, USD Million, 2020-2031)
By Application (Volume, Tonnes, USD Million, 2020-2031)
By Country (Volume, Tonnes, USD Million, 2020-2031)
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