Resveratrol Market overview:
The resveratrol market is expected to be worth USD 141.5 million by 2030, growing at a 6.7% CAGR between 2022 and 2030.
In recent years, resveratrol has gained popularity as an ingredient in cosmetics, medicines, anti-ageing supplements, and other products. Resveratrol has also been shown to be beneficial in treating cardiovascular diseases, which is expected to drive the resveratrol market outlook forward. Demand for dietary supplements is the primary factor driving market growth. The rising prevalence of numerous health issues and changes in consumer lifestyles around the world are driving up demand. Growing awareness of the benefits of resveratrol is expected to drive market growth over the assessment period. Furthermore, the growing use of resveratrol in the food and beverage industries is expected to provide lucrative opportunities to market participants globally. It is a natural antioxidant found in some vegetables and fruits.
Many consumers used resveratrol, a natural anti-viral compound and antioxidant plant polyphenol found in the roots and skins of grapes and berries, to boost their immune systems during the COVID-19 outbreak. This was an excellent choice because resveratrol is both an anti-viral and an anti-inflammatory agent. Resveratrol protects immune cells and prevents the spread of COVID-19. Resveratrol has also been shown to reduce the risk of cardiovascular disease, lower total cholesterol, and lower blood pressure.
Key Players
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.
Market segmentation:
The global resveratrol market research report is segmented based on form, product type and application.
According to the form:
- Liquid
- Powder
According to the product type:
- Synthetic resveratrol
- Natural resveratrol
According to the application:
- Cosmetics
- Pharmaceuticals
- Dietary supplements
- Others
Regional analysis:
The global resveratrol market insights are divided into North America, Asia-Pacific, Europe, and the Rest of the World based on the regional analysis.
The North American market is expected to dominate because resveratrol consumption as a supplement among consumers is increasing throughout the forecast period. This is because of the prevalence of increased atherosclerosis, high cholesterol, coronary heart disease, high blood pressure, and congestive heart failure. Resveratrol promotes heart and blood vessel health. As a result, North America has developed a sizable resveratrol market demand over time.
The resveratrol market size in Asia-Pacific is expected to grow the fastest during the forecast period. The growing consumer awareness of the benefits of resveratrol is largely responsible for the regional market's expansion. Furthermore, the region's ageing population is expected to fuel regional market growth in the coming years.
Furthermore, the European resveratrol market is expected to grow rapidly during the forecast period due to strategic mergers and acquisitions by key players seeking to diversify their product portfolio with resveratrol-based products.
Recent developments:
- Royal DSM acquired First Choice Ingredients, a market leader in concentrated dairy flavors, in October 2021. DSM accelerated First Choice Ingredients' growth by introducing its products outside the US to DSM's global customer base and combining its solutions in DSM's full offering on texture, health, and taste in sustainable solutions for Food Beverage consumers through this acquisition.
- Lonza expanded its geographical reach in Guangzhou by increasing its drug product manufacturing capabilities in August 2021. The company supported domestic and international users through this expansion by supplying clinical trials and commercial batches throughout China.
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