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Resveratrol Market Size, Prominent Drivers, Segmentation, Overview & Future Prospects

 

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Market Highlights

The global resveratrol market size is projected to be valued at USD 141.5 million by 2030, recording a CAGR of around 6.7% during the forecast period. Resveratrol is a compound found in the skin of grapes and other fruits. Resveratrol is a powerful antioxidant that help protect cells from the damage caused by aging and by the environment. It has been used in the treatment of various diseases including cancer, neurodegenerative diseases, and diabetes. Resveratrol is a polyphenol compound and has potent anti-oxidant, anti-viral, anti-bacterial, and anti-inflammatory properties. It is a chemical compound derived from stilbene synthase, a natural phytoalexin that is produced by several plants as a response to injury or when the plant is under attack by pathogens. The changing lifestyles increased urbanization, and an increase in the number of individuals living sedentary lifestyles have increased the occurrence of numerous health-related disorders such as cardiovascular diseases. With increased awareness, many customers are seeking food products that contain components that have potential health advantages. With an increasing number of health-conscious consumers, there is a high demand for nutritional supplements. Supplements containing resveratrol have become popular due to their health-promoting properties.

The COVID-19 pandemic's emergence had a positive impact on the resveratrol market. The nutraceutical sector is benefited from consumers who are health conscious and follow a healthy lifestyle enhancing their eating habits and immune power. As a result of the outbreak, resveratrol and other compounds in resveratrol products were in high demand, raising the value and selling of resveratrol products. The outbreak is continuing, and as a result, public interest in resveratrol has skyrocketed. The nutraceutical industry is working hard to maximize resveratrol's potential, intending to promote public health and wellbeing while also giving consumers the information they need to make informed purchasing decisions.

Key Players

Market Research Future has recognized the following companies as the key players in the global resveratrol market - Botaniex Inc, Evolva, Foodchem International Corporation, Resvitale, LLC, Hubei Sanxin Biotechnology Co ltd, InterHealth, Shanghai Natural Bio-engineering Co. Ltd, Endurance Products Company, Xieli Pharmaceutical, and Chemamde among others.

Segmental Analysis

The global resveratrol market has been segmented based on product type, form, application, and region.

By product type, the resveratrol market is segmented based on natural resveratrol and synthetic  resveratrol. The natural resveratrol category held the largest market share in 2021. The market has been growing at an exponential rate and is expected to continue to do so throughout the projected period. This is due to growing consumer awareness of the benefits of using natural substances. Natural resveratrol is also extracted from blueberries, grape seeds, knotweed, peanuts, and other sources, which is a crucial driver for the market's rapid expansion.

Based on form, the resveratrol market is segmented based on powder and liquid. The powder category is estimated to lead the market in the global resveratrol market growth in 2021, and it is projected to maintain its domminance throughout the study period. End customers in the market, such as those in the pharmaceutical sector, cosmetics business, and other related fields, prefer resveratrol in powder form. Powdered resveratrol has been increasingly popular as an ingredient in medications, anti-aging supplements, cosmetics, and other such products.

By application, the resveratrol market is segmented based on nutraceuticals, pharmaceuticals, cosmetics, and food & beverages. The nutraceuticals segment dominated the market in the global market in 2021, and it is expected to continue to grow at a significant rate over the review period. This is due to the rising demand for nutraceutical supplements, which have a variety of health benefits such as maintaining cholesterol levels, lowering blood pressure, alleviating joint pain, increasing insulin sensitivity, among other things. However, in terms of value sales, the food & beverages segment of the market is predicted to increase at a rapid rate over the forecast period.

Regional Analysis

The resveratrol market is majorly categorized into North America, Europe, Asia-Pacific, Rest of the World. In the year 2021, North America held the largest market share owing to the consumption of resveratrol as a supplement expanding among consumers in the region. Increasing prevalence of disorders such as high blood pressure, excessive cholesterol, coronary heart disease, atherosclerosis, and congestive heart failure are also contributing the growing demand for reservatrol. 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. During the market forecast period, however, Asia-Pacific is predicted to be the fastest growing regional market.

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