South Korea Grape Seed Oil Market Size & Outlook
South Korea grape seed oil market, 2018-2030 (US$K)
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South Korea grape seed oil market highlights
- The South Korea grape seed oil market generated a revenue of USD 4,668.1 thousand in 2022 and is expected to reach USD 10,081.9 thousand by 2030.
- The South Korea market is expected to grow at a CAGR of 10.1% from 2023 to 2030.
- In terms of segment, mechanically by pressing was the largest revenue generating extraction process in 2022.
- Chemically Extracted is the most lucrative extraction process segment registering the fastest growth during the forecast period.
Grape seed oil market data book summary
| Market revenue in 2022 | USD 4,668.1 thousand |
| Market revenue in 2030 | USD 10,081.9 thousand |
| Growth rate | 10.1% (CAGR from 2022 to 2030) |
| Largest segment | Mechanically by pressing |
| Fastest growing segment | Chemically Extracted |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD thousand |
| Market segmentation | Mechanically by Pressing, Chemically Extracted |
| Key market players worldwide | Borges, Mediacovrac Group, Tampieri, Olitalia, Salute Santé! Grapeseed Oil, Oleificio Salvadori, VedaOils |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.9% of the global grape seed oil market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China grape seed oil market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 56,883.4 thousand by 2030.
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Grape Seed Oil Market Scope
Grape Seed Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea grape seed oil 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 oil market will help companies and investors design strategic landscapes.
Mechanically by pressing was the largest segment with a revenue share of 52.38% in 2022. Horizon Databook has segmented the South Korea grape seed oil market based on mechanically by pressing, chemically extracted covering the revenue growth of each sub-segment from 2018 to 2030.
Cooking oil prices went up due to the shortage. As a result, the government has declared to boost the monitoring over the cooking oil supplies. Higher demand for various cooking oils used in the country, like olive oil, grapeseed oil, palm oil and lower supply have resulted in the shortage.
According to the Ministry of Agriculture, Food and Rural Affairs of the country, major domestic oil manufacturers and suppliers have said that they have not experienced any shortage as of now. In the past few years, Olive has oil gained large demand from the market as a dominant cooking oil.
Now, due to the availability of various other options like canola oil, olive oil, and grapeseed oil, the demand for such alternatives is bound to increase over the forecasted period.
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Target buyers of South Korea grape seed oil market databook
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Our clientele includes a mix of grape seed oil market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea grape seed oil market , including forecasts for subscribers. This country databook contains high-level insights into South Korea grape seed oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea grape seed oil market size, by extraction process, 2018-2030 (US$K)
South Korea Grape Seed Oil Market Outlook Share, 2022 & 2030 (US$K)
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