Global Grape Skin Extract Market: Outlook
Grape skin is the outer part of a grape, the Vitis genus, commonly known as Grapevines. The grapevine is scientifically known as Vitis Vinifera. Grape is native to central Europe and southwestern Asia, even though it is cultivated throughout the world. Grape skin extract is nothing but the extraction from grape skin in various forms, which is widely used in medicines and foods. The consumption of grape skin extract is growing due to the addition of dietary supplements in the diets of consumers in various forms. The skin of the grapes has maximum concentration of anthocyanin, owing to which it also used in dietary supplements. Grape skin extract also contains trans-resveratrol, which is an essential component of the grape skin extract, and used to inhibit the blood clots. There are different types of grapes, e.g., green, red, and black. Red grape skin extract is taken from different Vitis Vinifera grown in Marlborough, New Zealand. Similarly, green grape skin extract, black grape skin extract and others are made from different Vitis Genus.
Increasing Use of Grape Skin Extract in Food and Health Products
The increasing consumption of beverages is increasing the demand for grape skin extract. Grape skin extract helps in the treatment of health problems related to the kidney, heart and to control blood sugar level, which are widespread diseases in this era. Grape skin extract helps in the management of healthy cholesterol level. Grape skin extract is also used to inhibit the formation of blood clots as it contains resveratrol. In flavoring and for bakery products, grape skin extract is widely used. Considering the health benefits of grape skin extract, the grape skin extract market is expected to witness significant growth during the forecast period.
Global Grape Skin Extract Market: Segmentation
On the basis of nature, the global grape skin extract market has been segmented as –
On the basis of form, the global grape skin extract market has been segmented as –
On the basis of source, the global grape skin extract market has been segmented as –
- Red Grape
- Green Grape
- Black Grape
On the basis of application, the global grape skin extract market has been segmented as –
- Food & Beverage
- Bakery and confectionary
- Dietary supplements
- Others(Flavoring, Salad Dressing)
- Cosmetic and Personal Care
Global Grape Skin Extract Market: Key Players
Some of the key players operating in the grape skin extract market are Presque Isle Wine Cellars; Keller Juices S.R.L; GRAP'SUD; EUSA COLORS SAS; Nanjing Zelang medical technology co., ltd.; NFC Industry co., Limited; Nans Products and Nutra SA; Most of the manufacturing companies are showing their interest in manufacturing grape skin extract, by which the demand for grape skin extract is expected to be extensive in the coming period.
Opportunities for Market Participants
Health consciousness in Asian countries is increasing very rapidly, According to a survey in 2005 only 26% consumers were conscious about health but gradually it increased to 46.18% by 2017, where grape skin extract helps to cure many health problems regarding cholesterol and sugar level management. Also, cholesterol level problem is increasing rapidly in Indian consumers, so it will be a great scope for grape skin extract market in India. In the U.S. and other American countries people prefer eating different food stuffs, grape skin extract can be used in salad dressing and to add flavor.
Global Grape Skin Extract Market: Regional Outlook
Majority of the demand for grape skin extract comes from European and Asian countries. The increasing demand for grape skin extract in these countries can be attributed to various factors such as increase in heart disease, unhealthy cholesterol problem, and cravings for delicious flavors. As grape skin extract is also used in beverages and the consumption of the same is high in European and American countries. Likewise in China, India and the U.S., the demand for different flavor food is growing, and various grape skin extract are used for flavoring food and bakery products.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.