Canada Grape Seed Extract Market Size & Outlook, 2023-2030
Canada grape seed extract market, 2017-2030 (US$M)
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Canada grape seed extract market highlights
- The Canada grape seed extract market generated a revenue of USD 10.2 million in 2023 and is expected to reach USD 18.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, powder was the largest revenue generating product in 2023.
- Liquid is the most lucrative product segment registering the fastest growth during the forecast period.
Grape seed extract market data book summary
| Market revenue in 2023 | USD 10.2 million |
| Market revenue in 2030 | USD 18.6 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Powder |
| Fastest growing segment | Liquid |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Powder, Liquid |
| Key market players worldwide | Naturex, NetQem, Botanic Innovations, Polyphenolics, Nexira, Hunan Nutramax, Piping Rock Health Products, LLC |
Other key industry trends
- In terms of revenue, Canada accounted for 5.8% of the global grape seed extract market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. grape seed extract market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 18.6 million by 2030.
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Grape Seed Extract Market Scope
Grape Seed Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada grape seed extract market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to grape seed extract market will help companies and investors design strategic landscapes.
Powder was the largest segment with a revenue share of 75.49% in 2023. Horizon Databook has segmented the Canada grape seed extract market based on powder, liquid covering the revenue growth of each sub-segment from 2017 to 2030.
Grapes are rich in polyphenols and about 70% of polyphenols come from grape seeds. The existing demand for polyphenols from application industries coupled with rising consumer base demanding clean-label ingredients is expected to drive the market for grape seed extracts in Canada.
The impact of COVID-19 has resulted in increased health awareness among consumers and positively impacted the functional foods and nutraceutical industries owing to growing demand for products that aid immunity building. Grape seed extracts are increasingly being used in numerous functional foods and nutraceutical products for their antioxidant properties and clean label advantage.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada grape seed extract market , including forecasts for subscribers. This country databook contains high-level insights into Canada grape seed extract market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada grape seed extract market size, by product, 2017-2030 (US$M)
Canada Grape Seed Extract Market Outlook Share, 2023 & 2030 (US$M)
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