Product Code: ETC411866 | Publication Date: Oct 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam grape seed extract market is witnessing robust growth, driven by the rising awareness of the health benefits associated with grape seed extracts. These extracts are rich in antioxidants and are believed to have various health-promoting properties, including cardiovascular and skin health. The market is experiencing increased demand not only from the pharmaceutical and nutraceutical industries but also from the cosmetics sector, where grape seed extract is used in skincare products. As consumers become more health-conscious, the grape seed extract market is poised for continued expansion.
The Vietnam grape seed extract market is expanding rapidly due to the increasing awareness of the health benefits associated with grape seed extracts, such as antioxidant properties and potential cardiovascular benefits. The cosmetic and dietary supplement industries are major consumers of grape seed extracts, driving market demand. Furthermore, the availability of grape waste from the wine and grape juice industries is supporting the production of grape seed extracts, making it a sustainable venture.
Challenges in the grape seed extract market include the limited availability of grape seeds due to the modest grape cultivation in Vietnam. Price volatility in the global grape seed extract market can affect local producers. Moreover, marketing and consumer education efforts are required to raise awareness about the health benefits of grape seed extracts.
The Vietnam grape seed extract market faced challenges during the COVID-19 pandemic. Disruptions in the supply chain, including difficulties in sourcing raw materials and transportation, impacted production. Additionally, a reduction in consumer spending affected the demand for health and wellness products containing grape seed extract. Manufacturers had to adapt by revising their marketing strategies and exploring new distribution channels, such as e-commerce. Despite the challenges, the market showed resilience and potential for growth as health-conscious consumers sought natural supplements.
In the grape seed extract market in Vietnam, the leading players include Vinh Hoan Corporation and Nam Viet F&B. Vinh Hoan Corporation has a strong presence in the agriculture and food processing sector and has been involved in the production of grape seed extract. Nam Viet F&B is another notable player that specializes in the manufacturing and export of various food and beverage ingredients, including grape seed extract.