The Global Resveratrol Market size is expected to reach $129.37 Million by 2027, rising at a market growth of 8.4% CAGR during the forecast period.
Resveratrol refers to a chemical that is commonly found in red grapes and products that are made from it. It is majorly used to treat hay fever, a type of allergy, and reduce weight. People may experience many side effects of resveratrol in the body such as reduction in blood clotting and expansion of blood vessels.
The skin of grapes contains a large amount of resveratrol that protects the plant from sun damage and fungal diseases and due to this reason; wine also contains more levels of resveratrol in comparison to other natural food. Red wine only contains slight amount of resveratrol of around 1 to 2 mg per 8 ounces of red wine.
The outbreak of the COVID-19 pandemic has negatively impacted the grape farms across various parts of the world, which is the major source of resveratrol. The disruption in the global supply chain due to numerous restrictions imposed on the companies like lockdown and the temporary ban on manufacturing units have affected the supply of resveratrol-based products.
In addition, the pandemic has motivated consumers to consume healthier food items and maintain a healthy lifestyle as well as boost their immune system, which is creating more demand for resveratrol-based dietary supplements. Along with that, the shifting preference of the consumers on dietary supplements would further augment the demand and growth of the resveratrol market in the coming years.
There is an increase in the demand for various dietary supplements around the world due to the changing lifestyle of the consumers along with the high adoption of healthy food substitutes. Due to this high consumption of dietary supplements, the demand for resveratrol would surge in the coming years. Due to the sedentary lifestyle of the people, unhealthy food patterns, and hectic schedules, the cases of various diseases like cardiovascular diseases have been increased. The majority of dietary supplements contain resveratrol due to its various health benefits, which is estimated to fuel the growth of the resveratrol market over the forecast period.
Owing to the growing health and wellness awareness among people, they are highly inclined towards the consumption of healthier and fortified foods & beverages, and better skincare products. Resveratrol contains antioxidants, anti-inflammatory, and anti-aging properties, which are very helpful for the human body. As people are getting more aware of these benefits, the demand for resveratrol would also increase across the world. Moreover, the increasing demand for antioxidants of resveratrol-based skincare products and functional food items for fighting against various degenerative health issues are boosting the demand for resveratrol in the market.
By using resveratrol compounds in various cosmetics and supplements, manufacturers increase the overall cost of the products and hence, increase the price of their end product. Due to this high cost, numerous consumers may reduce the consumption of these products, which is estimated to hinder the growth of the resveratrol market in the upcoming years. In addition, stringent regulation of dietary supplements and dearth of proper research for its utilization would hamper the growth of the resveratrol market during the forecast period.
Based on Product Type, the market is segmented into Natural Resveratrol and Synthetic Resveratrol. In 2020, the natural resveratrol segment dominated the market with the largest share and is anticipated to maintain its dominance over the forecast years.
Based on Application, the market is segmented into Nutraceuticals, Pharmaceuticals, Cosmetics and Other Applications. The nutraceuticals segment procured the highest revenue share in the resveratrol market in 2020 and is projected to display the highest growth rate over the forecast period.
Based on Form, the market is segmented into Liquid and Powder. The power segment acquired the maximum revenue share in the resveratrol market in 2020 and is anticipated to maintain its position during the forecast period.
Report Attribute | Details |
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Market size value in 2020 | USD 60.6 Million |
Market size forecast in 2027 | USD 129.4 Million |
Base Year | 2020 |
Historical Period | 2017 to 2019 |
Forecast Period | 2021 to 2027 |
Revenue Growth Rate | CAGR of 8.4% from 2021 to 2027 |
Number of Pages | 176 |
Number of Tables | 339 |
Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
Segments covered | Product Type, Application, Form, Region |
Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2020, North America garnered the maximum revenue share of the resveratrol market. The usage of resveratrol is accelerating in this region due to the increased consumption of resveratrol among the customers, especially in the form of supplements.
Free Valuable Insights: Global Resveratrol Market size to reach USD 129.4 Million by 2027
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Koninklijke DSM N.V., Evolva Holding SA, Sabinsa Corporation, Lonza Group AG, Maypro, Laurus Labs Limited, JF Natural, Great Forest Biomedical Ltd. and Chengdu Yazhong Bio-pharmaceutical Co., Ltd.
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By Application
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