Resveratrol Utilization Scenario Market size is estimated to reach $147.7 by 2025, growing at a CAGR of 7.88% during the forecast period 2020-2025. Resveratrol is an ingredient found in red grape skins, red wine mulberries and among other things, widely researched for its growing evidence of health-promoting agents. As a result, consumers increasingly select supplements containing resveratrol as it possesses properties to treat various diseases such as cancer, diabetes, cardiovascular disease and other diseases, which has escalated the demand for Resveratrol infused products, globally. Furthermore, Resveratrol consists of potent antioxidants, the popularity of Antioxidants has increased drastically for providing anti-ageing effects that are driving the growth of Resveratrol Utilization Scenario Market for the forecast period 2020-2025.
Resveratrol Utilization Scenario Market Segment Analysis – By Source Type
Based on Product Type, the Resveratrol Utilization Scenario Market is segmented into Plant Extraction and Synthetic Resveratrol. Among the prior mentioned products, Plant Extraction holds major share in Resveratrol Utilization Scenario Market, owing to a ‘polyphenol’ compound of plant origin-Resveratrol, which is widely used in health and medicinal products and cosmetic industries. The potent biological activity influences cholesterol levels, helps lower blood pressure, lengthen lifespan, prevent cognitive decline, suppress cancer cells and show promise regarding desirable anti-aging effects, abetting towards the growth of Resveratrol Utilization Scenario Market. Synthetic is set to the fastest growing with a CAGR of 8.9% during the forecast period 2020-2025. This is owing to developing treatments for major diseases through synthetic ‘trans-N-phosphoryl amino acid’ designed resveratrol analogues, such as diabetes, cardiac issues and many severe illnesses.
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Resveratrol Utilization Scenario Market Segment Analysis – End User Industry
Based on the End-User Industry segment, Resveratrol Utilization Scenario Market is segmented into Functional Food and beverage, Cosmetic and Personal Care, Pharmaceuticals and others. Functional Food and beverage holds the major share in Resveratrol Utilization Scenario Market owing to considerable demand for dietary supplements among consumers for beneficial effects against cancer, cardiovascular diseases, anti-aging symptoms and other degenerative issues. As mentioned earlier, the consumers of resveratrol supplements are increasing, which influence Functional Food and beverage companies to personalize products with desired outcomes. The Cosmetic and Personal Care industry is set to be the fastest growing CAGR during the forecast period 2020-2025, owing to potent antioxidants in Resveratrol offers anti-ageing potent in cosmetics, and other novel skincare products.
Resveratrol Utilization Scenario Market Segment Analysis – Geography
Based on Geography, Resveratrol Utilization Scenario Market is segmented into North America, South America, Europe, Asia-Pacific and Rest of the World. The North America region dominated the Resveratrol Utilization Scenario Market in 2019 with a share of 36.9%. This is owing to the growing demand for innovative resveratrol-based food products and dietary supplements among the urban consumers. To address challenging health issues, the government focuses on delivering synergistically enhanced resveratrol products with ‘vitamin E’ and ‘baicalin’ for extra antioxidant protection products. Asia Pacific is set to be the fastest growing CAGR during the forecast period 2020-2025 owing to rising awareness of skincare principles among consumers, and thus, newer opportunities for cosmetic industry to develop authentic Resveratrol skincare products.
Resveratrol Utilization Scenario Market Drivers
Emerging awareness among consumers about the significance of Resveratrol
Amid the rising health and wellness awareness among consumers, preferences are evolving towards healthier and fortified foods and beverages, and enhanced skincare products. Hence, the global Resveratrol Utilization Scenario Market is primarily driven by the rising demand of antioxidants of Resveratrol-infused skin care and functional food products for beneficial effects against degenerative health issues. To denote avant-garde treatments, prevention measures and to promote practice to support health benefits, the global Resveratrol Utilization Scenario Market is designing multimodal benefits of resveratrol to meet the growing demand.
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Resveratrol Utilization Scenario Market Challenges
The primary challenge is the composition of Resveratrol- antioxidant capabilities in products, such as skincare products or functional foods that raise the price bar for many buyers. Moreover, according to the market survey, the duration of resveratrol’s efficacy is shorter, which again causes a major dent to consumer’s buying inclination.
Resveratrol Utilization Scenario Market Outlook
Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in the Resveratrol Utilization Scenario Market. Resveratrol Utilization Scenario Market top 10 companies include DSM Nutritionals, Evolva SA, Jeunesse Global, VitaMonk, Helix Healthstore, Terraternal, Andorra Life, ResVitale LLC, Endurance Products Company, Sabinsa Corporation among others.
Developments/ Product Launch
In February 2017, Evolva SA launched ‘Veri-teTM’, the brand that stands for authentic and sustainably generated resveratrol. This high-pure resveratrol is produced from the natural fermentation process to develop medicines and other food ingredients.
North America is anticipated to dominate the global Resveratrol Utilization Scenario Market in the forecast period 2020-2025 owing to high demand of natural and healthy resveratrol products to manage prevalent human health challenges, and prompting demand for resveratrol portfolio skin care products, which drive the growth of the target market.
Emerging awareness about the potential health benefits of resveratrol for attaining anti-aging effects among women consumers is accelerating the Resveratrol Utilization Scenario Market.
Amid the rising health concerns among consumers globally, proclivity is changing toward healthier foods and beverages, infused with resveratrol that aid the market growth of the Resveratrol Utilization Scenario Market.
Detailed analysis of the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Resveratrol Utilization Scenario Market report.
Related Reports :
A. Antioxidants Market
B. Functional Food and Nutraceuticals Market
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