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The resveratrol market is experiencing dynamic trends that reflect the evolving preferences and demands of consumers in the health and wellness landscape. One notable trend is the increasing focus on preventive health measures, driving the demand for resveratrol as a dietary supplement. Consumers nowadays are taking it upon themselves seek out natural remedies for a wide array of health issues, in the process exhausting the antioxidants market whose face is under resveratrol supplements. This tendency is in line with a transition to the preventive healthcare approach which is represented by people integrating of nutritional supplements like resveratrol into their daily practices to promote the immune system and increase the lifespan.
Also, the resveratrol use as a functional ingredient in the food and beverage industry is getting in the trend. Renowned for its health advantages, resveratrol is slowly gaining ground and is being incorporated in different products e.g juices, snacks and functional drinks. The trend towards functional foods and beverages shows the fact that instead of products providing only the essential nutrients to human body, consumers now prefer products that use the health promoting properties to enhance their functionalities. The incorporation of resveratrol into food supplements has also diversified its functionality and expanded its market base.
The increasing awareness of health and well-being of individuals is one of the factors driving the growth in the health food supplement market. Nowadays, with more knowledge about the antioxidants and other nutrients that are needed for the prevention of diseases, there is a high demand for food supplements. In the field of medicine, the Kingdom of Saudi Arabia offers numerous opportunities for biopharmaceutical companies, which include the presence of Resveratrol, known for its pro-health properties. Along with that, resveratrol is commonly utilized in diverse food and beverage products as a preservative and a food additive. The increasing knowledge about the advantages and health benefits of resveratrol is going to have a significant effect on the demand side and the resveratrol market will get a boost thus maintaining its position in health and wellness industry.
The e-commerce and digital marketing revolution is bringing forth a noticeable change in resveratrol market trends. Consumers nowadays increasingly turn to online stores for finding products and information. As a result, brands are trying to reach wider audience and improve their brand visibility by using digital channels. The e-commerce platforms offer shoppers with an easy to use way of discovering and buying resveratrol products, while online marketing strategies such as social media promotions, content marketing, and influencer marketing are essential in building product awareness and driving consumers interest. This digital presence both increases market reach and contributes to teaching consumers about the manifold uses and health implications of resveratrol.
Moreover, sustainability becomes a leading trend for the resveratrol market. Consumers are becoming more conscious of the environmental impact of the products they choose, leading to a demand for sustainably sourced and produced resveratrol. Brands that prioritize ethical and eco-friendly practices in resveratrol extraction and manufacturing are gaining favor among environmentally conscious consumers. This trend reflects a broader shift towards sustainability in the health and wellness sector, with consumers seeking products that align with their values and contribute to a healthier planet.
Resveratrol Market Highlights:
Resveratrol Market Overview:
Resveratrol Market Size was valued at USD 0.14 Million in 2023. The Resveratrol Industry is projected to grow from USD 0.16 Million in 2024 to USD 0.32 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.25% during the forecast period (2024 - 2032).
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Resveratrol is a substance found in many plants. It is well-known for its antioxidant and anti-aging properties. Resveratrol is often used in skincare products, but it is also used in the field of medicine. It is believed to be effective in treating Alzheimer's, Parkinson's, and autism. Resveratrol's popularity over the years has introduced new ways to increase production. Resveratrol's acceptance will continue to increase and so a high demand for this substance is expected in the next few years.
COVID-19 Impact Analysis
During the COVID-19 outbreak, many consumers turned to resveratrol, a natural anti-viral compound and antioxidant plant polyphenol found in the roots and skins of grapes and berries, to improve their immune systems. This was a great option since resveratrol is not only a powerful anti-viral agent but also a potent anti-inflammatory compound. Resveratrol reduces damage to the immune cells and prevents the spread of COVID-19. Resveratrol also has cardiovascular benefits, such as reducing the risk of cardiovascular disease, lowering total cholesterol, and reducing blood pressure.
Market Dynamics
Rising demand for dietary supplements and an increase in demand for healthy food are some of the major factors driving the global resveratrol market. Furthermore, an increase in demand for healthy foods, rise in health consciousness, increase in disposable income, and high use of medications are also expected to boost the market growth for resveratrol.
Drivers
- Rising Demand for Dietary Supplements
The growing need for nutritional supplements due to changes in lifestyle, and an increasing prevalence of numerous health issues, are some of the primary drivers of the global resveratrol market. With rising demand for natural products found in grapes, red wine, and other plant sources, resveratrol is primarily used in dietary supplements. The demand for resveratrol is expected to increase significantly in the next few years due to the rising demand for dietary supplements. According to the U.S. Department of Health, 86% of Americans use some kind of dietary supplement. The continuous rise in the per capita usage of dietary supplements has positively impacted the demand for resveratrol.
- Increase in adoption for healthy food
Increasing health awareness among individuals has led to a growth in the health food supplement market. The presence of antioxidants and other nutrients that can prevent health issues has increased the demand for food supplements. It is also commonly used as a food additive and a natural preservative in various food and beverages. The awareness about the benefits of resveratrol will lead to an upsurge in the demand for the resveratrol market.
Restraint:
- The lack of clinical evidence for its therapeutic applications
Resveratrol can be produced from other sources as well such as grapes, wine, grape juice, peanuts, and cocoa, among others, making it a potential challenger to natural resveratrol supplements. Also, innovations and discoveries in the pharmaceutical and chemical industries are providing new types of resveratrol. As a result, the global resveratrol market may be vulnerable to potential threats in the future.
- Opportunity:
Upsurge use of resveratrol in the food and beverage industries
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Resveratrol is a molecule found in certain fruits and vegetables that acts as a natural antioxidant. These properties make resveratrol a great addition to the diet, but it is also useful in the food and beverage industries. Resveratrol is used as a food preservative. This allows other ingredients in food to be preserved longer. It also prevents food from going rancid, which is useful in longer shelf-life products. These benefits can create an opportunity to resveratrol as an excessive additive in the food and beverage industries.
Segment Overview
By Product Type
Based on product type, the global resveratrol market has been divided into natural resveratrol and synthetic resveratrol. The natural resveratrol segment held the largest market share in the global resveratrol market in 2021. This is because consumers are gaining more awareness regarding the advantages of adopting natural resveratrol. Blueberries, grape seeds, knotweed, peanuts, and other foods contain natural resveratrol, which is a key driver for the market's rapid growth.
By Form
On the basis of form, the global resveratrol market has been categorized into powder and liquid. The powder segment is estimated to dominate the market for the year 2020. Powdered resveratrol is more widely used in pharmaceuticals, anti-aging supplements, cosmetics, and other products.
By Application
By application, the global resveratrol market is segmented into dietary supplements, pharmaceuticals, cosmetics, and others. The nutraceuticals segment is expected to lead the market in the global resveratrol market for the year 2022. This is owing to an increase in the demand for nutraceutical supplements, which have several health benefits including regulating cholesterol levels, decreasing blood pressure, relieving joint pain, and enhancing insulin sensitivity among others.
Regional Analysis
By region, the global resveratrol market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America is e3stimated to dominate the global resveratrol market whereas, Asia-Pacific is projected to be the fastest-growing regional market during the forecast period.
Asia-Pacific
The Asia-Pacific region is expected to be the fastest-growing resveratrol market during the forecast period. Increased consumer awareness regarding the benefits of resveratrol coupled with the growing aging population is anticipated to drive the market growth in the region during the study period.
North America
The North American market is expected to dominate the market throughout the study period as the consumption of resveratrol is increasing as a supplement among consumers. This is owing to the increased prevalence of disorders such as coronary heart disease, excessive cholesterol, high blood pressure, atherosclerosis, and congestive heart failure. Resveratrol aids in the protection of the heart and blood vessels. As a result, over time, North America has built a robust resveratrol market demand.
Competitive Landscape
Some of the key companies such as Endurance Products Company, Volva, Botaniex Inc., are estimated to dominate the global resveratrol market due to product differentiation, strategic developments, and diversified regional presence. The players are focused on investing in R&D. In March 2021, Endurance launched a product ResVida Grape Skin Extract, a concentrated form of extremely bioavailable, 95% of pure trans-resveratrol Resveratrol is a polyphenol that can be found in small levels in foods, most notably red wine grapes. In August 2016, Evolva partnered with a private US biotech venture to develop existing active pharmaceutical ingredients.
Prominent players in the global resveratrol market include Volva, Botaniex Inc, Foodchem International Corporation, Hubei Sanxin Biotechnology Co ltd, Resvitale LLC, InterHealth, Endurance Products Company, Shanghai Natural Bio-engineering Co. Ltd, Xieli Pharmaceutical and Chemamde.
Global Resveratrol Market Segmentation
Global Resveratrol Market, by Product Type
- Natural resveratrol
- Synthetic resveratrol
Global Resveratrol Market, by Form
- Powder
- Liquid
Global Resveratrol Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Cosmetics
- Others
Global Resveratrol Market, by Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia and New Zealand
- Rest of Asia-Pacific
- Rest of the World
- South America
- Middle East
- Africa
Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
Market Size and Forecast:
To identify and estimate the market size for the global Resveratrol market segmented by product type, form, Application, by value (in US dollars). Also, to understand the consumption/ demand created by consumers of Resveratrol from 2022 to 2030
Market Landscape and Trends:
To identify and infer, the drivers, restraints, opportunities, and challenges for the global Resveratrol market
Market Influencing Factors:
To find out the factors which are affecting the sales of Resveratrol among consumers
Impact of COVID-19:
To identify and understand the various factors involved in the global Resveratrol market affected by the pandemic
Company Profiling:
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
Intended Audience
- Resveratrol Producers
- Pharmaceuticals Companies
- Cosmetic industry
- Nutraceuticals industry
- Retailers, Wholesalers, and Distributors
- Governments, Associations, and Industrial Bodies
- Academic Institutes
- Investors and Trade Experts
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