South Africa Grape Seed Extract Market Size & Outlook
South Africa grape seed extract market, 2017-2030 (US$M)
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South Africa grape seed extract market highlights
- The South Africa grape seed extract market generated a revenue of USD 0.5 million in 2023 and is expected to reach USD 0.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.7% 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 0.5 million |
| Market revenue in 2030 | USD 0.7 million |
| Growth rate | 4.7% (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, South Africa accounted for 0.3% 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 Middle East & Africa, South Africa grape seed extract market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 0.7 million by 2030.
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Grape Seed Extract Market Scope
Grape Seed Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South 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 80% in 2023. Horizon Databook has segmented the South Africa grape seed extract market based on powder, liquid covering the revenue growth of each sub-segment from 2017 to 2030.
South Africa was the leading wine-producing country in the Middle East & Africa, in 2020 despite that country has limited presence of grape seed extract manufacturers. Presently, BRENN-O-KEM LTD recycles the byproducts of the South African wine industry to further convert them into value-added products such as cream of tartar and grape seed extract.
The company has also integrated forward in the value chain as it has been producing OXIPROVIN, an antioxidant natural supplement derived from grape seed extract. The steady growth of the South African wine industry, coupled with increasing awareness regarding the benefits of grape seed extracts among the population, is expected to augment the growth of the grape seed extract market in the country in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa grape seed extract market , including forecasts for subscribers. This country databook contains high-level insights into South Africa grape seed extract market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa grape seed extract market size, by product, 2017-2030 (US$M)
South Africa Grape Seed Extract Market Outlook Share, 2023 & 2030 (US$M)
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