Resveratrol Market

Resveratrol Market Size, Growth, Forecast (2023-2028)

The Global Resveratrol Market size was US$ 85.65 Million in 2022 and is anticipated to succeed in the valuation of US$ $173.37 Million in 2028 and is predicted to register a CAGR of 8.4% during 2023-2028.

Resveratrol Market Scenario:

Resveratrol is a flavonoid group flavanol. It is a phytoalexin that is naturally synthesized by various plants when attacked by various pathogens such as bacteria and fungi. Resveratrol is found in a variety of plants and fruits such as red grapes, peanuts, blueberries, Morus alba, raspberries, eucalyptus and peppers. Resveratrol is widely used in pharmaceutical, cosmetic and dietary supplement applications.

Resveratrol is widely used in the pharmaceutical industry because it has the ability to heal and manage a variety of diseases such as cancer, cardio-vascular disease, diabetes, and neurological diseases. The popularity and use of antioxidants in the cosmetic and dietary supplement industries has skyrocketed. Resveratrol is a potent antioxidant, making it a unique candidate for providing desirable anti-aging effects in cosmetics. It may also have a variety of beneficial effects when taken as a dietary supplement, such as lowering the risk of cardio-vascular disease and others.

Recent Developments of Resveratrol Industry:

DSM Acquires Dairy Flavor Producer First Choice Ingredients for US $ 453 million-

• Royal DSM acquires First Choice Ingredients, a US company for delicious dairy-based flavors, for US $ 453 million. The transaction is expected to close in the fourth quarter and requires regulatory approval.
• Lonza invests in Switzerland to expand drug product development and manufacturing services- Lonza, a global manufacturing partner to the pharmaceutical, biotech, and nutrition industries, announced today that it will expand its drug product manufacturing capabilities in Switzerland.

REPORT COVERAGE:

Resveratrol Market Drivers:

The Resveratrol Market Industry has witnessed a tremendous increase in growth over the last few years. The main aspect of accelerating market growth is the increasing demand for dietary supplements. Demand growth is driven primarily by the prevalence of many health problems and lifestyle changes among consumers around the world. Resveratrol Market Trend shows it is primarily used in dietary supplements due to the demand for natural products found in red wine, grapes and other botanical sources. In addition, increasing acceptance of health foods is another important parameter that drives global market growth. The growing health awareness of consumers around the world has led to a surge in demand for these health food supplements. The presence of antioxidants and other nutrients can prevent a variety of health problems. It is also often used as a natural preservative and food additive in a variety of foods and beverages. Increasing awareness of the benefits of resveratrol is expected to spur market growth during the evaluation period.

Resveratrol Market Restraints:

Several factors are driving market growth, but certain aspects can limit market growth. The lack of clinical evidence to support its therapeutic use is expected to impede the growth of the resveratrol market. In addition, discoveries and innovations in the chemical and pharmaceutical industries offer a new type of resveratrol. This can make you vulnerable to potential threats in the coming years.

Resveratrol Market Segmentation Analysis:

By Product Type:

• Natural Resveratrol and
• Synthetic Resveratrol

Based on product type, the global resveratrol market is divided into synthetic and natural resveratrol. The natural resveratrol segment secured the top position in the global resveratrol market in terms of revenue share in 2021. The main factor that causes this is increased consumer awareness of the benefits of taking natural resveratrol. Peanuts, blueberries, grape seeds and other foods contain natural resveratrol, which contributes significantly to the growth of the segment.

By Application:

• Nutraceuticals
• Pharmaceuticals
• Cosmetics and
• Other Applications

Based on the application, the global resveratrol market will be divided into cosmetics, dietary supplements and pharmaceuticals. The dietary supplement segment is expected to dominate the global resveratrol market by 2022. The main aspect that drives segment growth is the increasing demand for dietary supplements with many benefits such as improved insulin sensitivity, relief of joint pain, regulation of cholesterol levels and lowering blood pressure.

By Form:

• Liquid
• Powder

Based on the form, the market is divided into liquids and powders. The power segment is expected to gain the largest revenue share in the resveratrol market in 2020 and maintain its position for the duration of the forecast.

Resveratrol Market Regional Analysis:

The North American region is expected to lead the global resveratrol market in the coming years. The growth of the regional market is mainly due to the increased consumption of resveratrol as a dietary supplement by consumers. In addition, resveratrol is known to prevent heart disease, which catalyzes market growth.

The Asia Pacific resveratrol market is projected to record the highest growth rates during the valuation period. The growth of the regional market is mainly due to the growing consumer awareness of the benefits of resveratrol. Furthermore, the region's growing ageing population is expected to catalyze regional market growth in the coming years.

Key Players in the Market:

Major Key Players in the Global Resveratrol Market are

• Koninklijke DSM N.V.
• Evolva Holding SA
• Sabinsa Corporation
• Lonza Group AG
• Maypro
• Laurus Labs Limited
• JF Natural
• Great Forest Biomedical Ltd.
• Chengdu Yazhong Bio-pharmaceutical Co., Ltd.