Future Market Insights’ research report titled ‘Resveratrol Market: Global Industry Analysis 2013–2017 and Forecast 2018–2028‘, examines the resveratrol market, and proposes key market insights for the next ten years. Based on the conclusions derived in the report, among the product types, the natural resveratrol segment accounts for a major share in the market, and is estimated to deliver substantial growth over the years. Natural ingredient extracted resveratrol is considered as the key ingredient in some pharmaceutical products for reducing cardiovascular disease, cancer, and other disease effects. However, synthetic resveratrol has gained high demand lately. Synthetic resveratrol is more economical and available in a high purity research grade, which is projected to create an upsurge in product demand in the coming years. On the basis of form, solid (powder) form of resveratrol is expected to have a prominent share in the resveratrol market. The solid form segment is estimated to account for a market value share of 75% by 2018. On the basis of end-use application, the dietary supplements segment is projected to deliver major volume value growth between the years 2018 to 2028. On the basis of regional analysis, Europe is estimated to witness a high value share in the year 2018, and sustain a high share over the forecast period as well. However, China is expected to be a prominent region in the global resveratrol market in terms of both, value and volume growth, throughout the forecast period.
Significant Demand for Resveratrol from Personal Care Product Manufacturers
Resveratrol is used in various end-use applications such as dietary supplements, personal care products, pharmaceuticals, and others. There has been a significant increase in the consumption of healthy products over the years. Consumers are more aware of their diets, and prefer consuming dietary supplements on a regular basis, which is estimated to create a positive growth outlook for the resveratrol market.
The increasing use of natural resveratrol in several medical applications is one of the reasons expected to be behind the robust demand for resveratrol throughout the forecast period.
In the modern personal care industry, anti-cellulite skin care products and anti-aging creams are in high demand among the aging populations in developed countries. Additionally, resveratrol is used by most personal care product companies, since resveratrol is used in cosmetics due to its anti-ageing properties. Moreover, the personal care products segment is expected to emerge as the most attractive product type for resveratrol.
Resveratrol has an antiplatelet effect, which has a prophylactic effect on portal vein thrombosis, and can reduce the risk of developing cardiovascular, cerebrovascular, and peripheral vascular disease, and cancer. Additionally, the increasing number of deaths due to heart diseases is creating a significant requirement for resveratrol.
Europe and North America are Prominent Regions in the Global Resveratrol Market, with More Than 50% Market Share
By region, Europe is estimated to be a prominent market in the global resveratrol market throughout the forecast period. The high production of grape seed in Europe is one of the reasons behind the significant production and consumption of resveratrol in the region. European countries such as France, Spain, Germany, and Italy are among the major producers of wine grape seed, which is further used to yield natural resveratrol. Increasing trade from Europe to developing regions is also driving the growth of the resveratrol market.
North America is a major consumer of dietary supplements, worldwide. According to a CRN survey on dietary supplements, 76% of the U.S. population was taking dietary supplements in 2017, an increased from 64% ten years ago. Recently, resveratrol has gained substantial demand in the dietary supplements market, which is further estimated to propel the growth of the resveratrol in the U.S.
East Asia currently shows more growth as compared to both, North America and Europe, in the resveratrol market. East Asian countries such as China and Japan are among the major producers of knotweed extracted resveratrol, and their production is anticipated to marginally increase over the forecast period.
Naturally Derived Resveratrol Predominantly Utilized Across Various Applications
By product type, the natural resveratrol segment is anticipated to be a prominent segment in the global resveratrol market. In terms of value, the natural resveratrol segment is expected to account for over US$ 180 Mn by the end of 2028. Despite accounting for a marginal share in the resveratrol market, the synthetic resveratrol segment is expected to grow with a higher year on year growth over the forecast years.
Multi-functional Benefits of Resveratrol a Major Demand Driver
By end-use application, the dietary supplements segment is a major consumer of resveratrol, and is expected to dominate the market with a moderate growth rate. Traditionally used in pharmaceuticals, resveratrol has been rapidly gaining traction for use in personal care products over the years. Resveratrol, as a powerful antioxidant, is widely used in skincare products, and this is estimated to propel the demand for resveratrol in the coming years. The personal care products segment is expected to register an 8.6% CAGR during 2018 to 2028.
Resveratrol Market: Competitive Landscape
Some of the key market players covered in the resveratrol market study are DSM Nutritionals, Sabinsa Corporation, InterHealth, MAYPRO INDUSTRIES, Evolva, LAURUS LABS Limited, Resvitale LLC, Endurance Product Company, Chongqing Kerui Nanhai Pharmaceutical Co., Ltd, Jiaxing Taixin Pharmaceutical Chemical Co., Ltd., Shanghai Natural Bio-engineering Co., Ltd., Chengdu Yazhong Bio-Pharmaceutical Co., Ltd., and Xieli Pharmaceutical, among others.
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