The Europe Grapeseed Oil Market would witness market growth of 8.0% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 2,501.1 tonnes, showcasing a growth of 19.4% (2020-2023).
Natural grapeseed oil, extracted from the seeds of grapes, is prized for its purity and versatility. This oil is produced without chemical solvents, retaining its natural nutrients and beneficial properties. It has a mild flavor and a high smoke point, making it ideal for various cooking methods, including frying, sautéing, and dressing salads. Rich in polyunsaturated fats, vitamin E, and antioxidants, natural grapeseed oil supports heart health and protects against free radicals. Hence, in Russia, it is expected that 202.23 tonnes of natural grapeseed oil would be utilized by the year 2031.
The Germany market dominated the Europe Grapeseed Oil Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $68,543.1 Thousands by 2031. The UK market is exhibiting a CAGR of 7.1% during (2024 - 2031). Additionally, The France market would experience a CAGR of 8.8% during (2024 - 2031).
One of the primary drivers of the market is its extensive use in the culinary industry. Unlike some oils that break down and produce harmful compounds when heated, grapeseed oil remains stable, maintaining its nutritional integrity and ensuring the food's safety and quality. It is also possible to use it as a butter or margarine substitute in baking, where it can offer a healthier alternative without sacrificing the flavour or texture of the dish. This is another example of its adaptability. The oil’s light consistency and neutral flavour make it suitable for various baked goods, including cakes, muffins, and bread, which help keep them moist and tender. This adaptability is especially appealing to health-conscious consumers who wish to decrease their consumption of saturated fats without compromising the quality of their cuisine.
Additionally, the food industry's emphasis on creating healthier menu options has increased the use of grapeseed oil in prepared foods and ready-to-eat meals. Manufacturers are incorporating grapeseed oil into their products to cater to health-conscious consumers who prefer oils that balance good taste and nutritional benefits. This includes its use in salad dressings, mayonnaise, and snack foods, which helps improve the product's nutritional profile while maintaining desirable taste and texture.
The European Union's stringent regulations on food safety and organic certification also enhance the appeal of grapeseed oil. Consumers trust products that meet these high standards, and the availability of certified organic grapeseed oil has bolstered its market growth. Additionally, the cosmetics industry in Europe is a significant driver, with grapeseed oil being a popular ingredient in skincare and haircare products.
Europe's focus on sustainability and environmental responsibility further supports the grapeseed oil market. Grapeseed oil is consistent with the region's commitment to promoting eco-friendly practices and reducing waste. This sustainability aspect resonates with environmentally conscious consumers, enhancing the market's growth prospects. Thus, the regional market will expand rapidly throughout the forecast period.
Free Valuable Insights: The Global Grapeseed Oil Market will Hit 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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