Mexico Grape Seed Extract Market Size & Outlook, 2023-2030
Mexico grape seed extract market, 2017-2030 (US$M)
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Mexico grape seed extract market highlights
- The Mexico grape seed extract market generated a revenue of USD 4.4 million in 2023 and is expected to reach USD 7.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 8.2% 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 4.4 million |
| Market revenue in 2030 | USD 7.6 million |
| Growth rate | 8.2% (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, Mexico accounted for 2.5% 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 |
|---|
Mexico 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% in 2023. Horizon Databook has segmented the Mexico grape seed extract market based on powder, liquid covering the revenue growth of each sub-segment from 2017 to 2030.
Mexico has seen a rise in the consumption of multivitamins and many dietary supplements over the past few years. This is caused by the increasing health awareness and exposure to popular trends related to nutraceutical products. Major players such as Herbalife International and Grupo Omni life are witnessing rise in sales post the outbreak of COVID-19 pandemic.
Grape seed extracts are being largely used in the manufacturing of dietary supplements and are expected to show high growth prospects over the forecast period owing to the growth of dietary supplements in the country. rape seed extracts have shown decreased incidence of induced tumors in animals, along with delayed transformation to carcinoma in skin cancer.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico grape seed extract market , including forecasts for subscribers. This country databook contains high-level insights into Mexico grape seed extract market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico grape seed extract market size, by product, 2017-2030 (US$M)
Mexico Grape Seed Extract Market Outlook Share, 2023 & 2030 (US$M)
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