Middle East & Africa Grape Seed Extract Market Size & Outlook
Middle East & Africa grape seed extract market, 2017-2030 (US$M)
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MEA grape seed extract market highlights
- The MEA grape seed extract market generated a revenue of USD 2.9 million in 2023.
- The market is expected to grow at a CAGR of 5.1% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 2.9 million |
| Market revenue in 2030 | USD 4.1 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Powder |
| Fastest growing segment | Liquid |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 1.7% of the global grape seed extract market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 98.0 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Grape Seed Extract Market Scope
Grape Seed Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 75.86% in 2023. Horizon Databook has segmented the Middle East & Africa grape seed extract market based on powder, liquid covering the revenue growth of each sub-segment from 2017 to 2030.
The Middle East & Africa accounted for the lowest regional share of 1.81% in the global grape seed extract market in 2020. The limited production of grapes and wine in the region, along with limited awareness regarding the benefits of grape seed extracts among the African population, can mainly be attributed to the region’s low share.
Wine production in the Middle East & Africa is majorly concentrated in countries such as South Africa, Lebanon, Jordan, and Egypt. The abundant availability of raw material in South Africa makes it a lucrative destination, in terms of the production of grape seed extract, in the Middle East & Africa region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa grape seed extract market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa grape seed extract market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA grape seed extract market size, by country, 2017-2030 (US$M)
Middle East & Africa Grape Seed Extract Market Outlook Share, 2023 & 2030 (US$M)
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