COVID-19 Impact on Grape Seed Extract in Food and Beverage Industry
The COVID-19 has affected almost every sector in the positive and negative ways by surging the demand for the various products. The extended lockdown has drastically impacted on the demand and supply chain of the raw materials required in the industries such as food & beverages, cosmetics and others. Although, the COVID-19 pandemic has the positive impact on the sale of grape seed extract market because of several reasons such as the health benefits of the grape seed extracts and the increasing health conscious consumers across the globe. The researcher has proved that the grape seed extracts are enriched with antioxidants, linoleic acid, vitamin E and flavonoids which will help to boost up the immunity of the body. The grape seed extracts contain all the required nutrients which increase the demand in the market. Also, the availability of grape seed extract supplements will help the consumers to maintain their health in good condition.
The pandemic provoke the customers to strengthen their immunity to fight against novel coronavirus infection. Additionally, the presence of oligomeric procyanidins (OPC) in grape seed extract makes the manufacturers to use widely in the dietary supplements which used to treat various diseases. Hence, the grape seed extract provides various health benefits to the consumers and increases the demand in the market. However, the disrupted supply chain and limited production during COVID-19 pandemic may negatively impact the grape seed extract market growth.
COVID-19 HAS AUGMENTED THE GRAPE SEED EXTRACT MARKET
During COVID-19 pandemic, the demand for the grape seed extract market has been raised due to its health benefits. Also, the health conscious among population has been raised which drives the growth of grape seed extract in the market. The nutritional supplements of grape seed extract dominated the market during COVID-19 situation as it aid to strengthen the immunity. Moreover, the dietary supplements of grape seed extract helps to treat cardiovascular disease, chronic venous insufficiency and reduce inflammation. According to the U.S. Department of Health & Human services, the cardiac disease is the major cause for the death of around 610,000 people every year.
Coronary heart disease (CHD) is reason for 370,000 deaths annually. Hence, the dietary supplements manufacturers are trying to increase the grape seed extract content in the product to reduce the incidence of cardiac disease in the upcoming years.
• Youthy Forever have increased the grape seed extract content in their beverage products including pineapple, pears, passion fruits and prickly pear due to its beneficial properties to the heart health. The company added 40 mg of grape seed extract as an ingredient to each 8 oz pack of juice.
• In June 2020, Swisse has launched dietary supplements and skincare products containing upcycled grape seed extract derived from Australia’s wine producing industry.
In addition, the lifestyle of world population has changed dramatically during the COVID-19 pandemic situation. The consumers begun to eat healthy foods to strengthen their immune level that helps to fight against infection. During the prevalent condition, the net sale of grape seed extract products have been increased significantly that promotes the grape seed extract market growth.
HIGH NUTRIENT CONTENT OF THE GRAPE SEED EXTRACT
The grape seed extracts are rich in antioxidants and antimicrobial activities due to their phenolic components. Additionally, some evidence shows that grape seed extract may provide anti-cancer chemoprevention and cardio-protection. Thus, due to the high nutrient content of the grape seed extracts, they can be used in the food industry as natural additives to prevent microbial growth and lipid oxidation, thereby increasing product quality, safety and shelf-life. Grape seed extracts have already been used in combination with oil supplements to alleviate the hyperlipidemia postprandial conditions. The grape seed extract is also effective against the COVID-19 virus. It has been used in the Xlear nasal spray compound with xylitol. Using a virucidal nasal spray could become a cutting-edge element in the prevention and treatment of COVID-19 disease. Thus, due to the high nutrient content of the grape seed extracts, the demand has been increased during the COVID-19 pandemic.
LESS MANPOWER IN THE PRODUCTION FACILITIES DUE TO COVID-19 OUTBREAK
The COVID-19 outbreak has led to worldwide lockdown which resulted in the closure of manufacturing facilities of most of the companies. But at the end of 2020, almost every company has started their manufacturing facilities with the less manpower. This has affected the production capacity of the grape seed extract manufacturing companies. Due to this, the companies were operating with the low profit or no profit and many companies suspended their productions during the COVID-19. The disruption in supply chain has also impacted the raw material availability which has decreased the production of grape seed extracts during COVID-19 pandemic. But the demand for grape seed extract was high during the COVID-19 situation because many people are becoming health conscious and trying to include healthy options in their daily lives. This trend is expected to be continued during the coming years which are projected to boost the demand for grape seed extracts. So, many companies are operating on less manpower to meet the demands of consumers.
HEART DISEASE PATIENTS ARE AT MAJOR RISK OF COVID-19 ACROSS THE GLOBE
Cardiac vascular disease is the leading cause of death across the world. According to British Heart Foundation, about 5,000 people in England have declined during November 2020. In addition, based on the World Heart Federation report, the people suffering from asymptomatic COVID-19 have a high risk for heart disease. Thus, the increased incidence of cardiac vascular disease raises the consumption of grape seed extract product among the consumers. Due to the presence of antioxidants in the grape seed extracts, it significantly protects the blood vessels from the damage which reduces the hypertension. Also, the grape seed extract might reduce the high cholesterol in the body which is another cause for cardiac diseases. Thus, the manufacturers of grape seed extract are trying to launch innovative products to improve help benefits of the consumers during COVID-19 pandemic condition. Hence, the benefits of grape seed improve the grape seed extract market growth in the prevalent period.
COVID-19 outbreak has affected almost every sector in the market which also includes the grape seed extract market. The supply and demand of raw materials are badly disrupted due to the COVID-19 pandemic. With the increased demand for healthy foods, the manufacturers are taking new initiatives for product availability. Greater awareness about the nutritional value of grape seed extract has helped to gain the market share.
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In accordance with the OSHA ‘Guidance on Preparing Workplaces for COVID-19’ and CDC recommendations, we have developed an infectious disease preparedness and response plan.
The plan includes the following along with other guidelines outlined by OSHA and the CDC:
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The most successful nutraceutical companies will be able to tap into the growing demand for personalized nutrition or find new solutions with immune health support benefits that consumers can take daily such as smoothies, shots, beverages or dairy. The post-COVID generation of consumers is also likely to respond to products that offer “enjoyable wellness” through new delivery formats and those that offer less processed ingredients.
During COVID-19 pandemic, almost every sector is badly disrupted. The demand and supply of the raw materials and products are also disrupted due to extended lockdowns. Many companies are losing their key revenues due to closed outlets and decreased production level. At the beginning of COVID-19 pandemic, many manufacturers had shut down their production process and therefore demand for the grape seed extract products has also risen. The demand for supplementary products has increased during COVID-19 as people are more aware of healthy lifestyle. To meet the demand of grape seed extracts, the manufacturers are attempting to launch innovative products. Also, the dietary supplement producers are trying to improve the grape seed extract content in their products. Thus, the impact of COVID-19 pandemic has been boosting the grape seed extract products due to its nutritional benefits. Thereby, the increasing consumption of grape seed extract products is observed among the consumers and it’s projected to increase the grape seed extract market growth in the upcoming years.