Market Analysis and Insights:
The global market for resveratrol was projected to reach US$ 119.40 million in 2022. With a compound annual growth rate (CAGR) of 8.3% from 2023 to 2033, dietary supplement sales are expected to reach US$ 277.5 million due to shifting customer preferences.
The Resveratrol market is primarily driven by increasing consumer awareness regarding the health benefits of Resveratrol, which includes its ability to promote longevity, prevent age-related diseases, and improve cardiovascular health. Resveratrol also possesses antioxidant and anti-inflammatory properties, making it highly popular among individuals seeking natural and alternative remedies for various health conditions. The need for dietary supplements is expanding along with the trend of adopting healthier lifestyles, which is driving the market growth. Additionally, the pharmaceutical industry has recognized the potential therapeutic properties of Resveratrol, leading to its incorporation in several medications and skincare products. Moreover, with the increasing prevalence of chronic diseases such as diabetes and cancer, there has been a surge in research and development activities, propelling the demand for Resveratrol. Higher production costs and restricted access to resveratrol in some areas, however, can prevent the industry from expanding.
Nevertheless, ongoing advancements in extraction techniques and the introduction of synthetic Resveratrol derivatives offer immense opportunities for market expansion.
Resveratrol Market Scope :
|Revenue forecast in 2033
|US$ 277.5 million
|CAGR of 8.3% during 2023-2033
|By Product , By Isomer,By Region.
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|DSM Nutritional Products, Evolva Holding SA, Sabinsa Corporation, Jeunesse Global, Chengdu Yazhong Bio-tech Co., Ltd., Xi'an Lanyar Biotech Co., Ltd., Shaanxi Sciphar Hi-Tech Industry Co., Ltd., Chengdu Okay Pharmaceutical Co., Ltd., and Xi'an Nate Biological Technology Co., Ltd.
Known for its potential health advantages, including the reduction of inflammation and protection against certain diseases, resveratrol is a naturally occurring molecule with antioxidant capabilities that may be found in various plants and fruits. It has been the subject of numerous scientific studies due to its potential impact on longevity and overall well-being.
Natural component resveratrol is being recognized for its health advantages. It is present in many different plants. Extensive research has shown that resveratrol exhibits antioxidant, anti-inflammatory, and anti-cancer properties, making it a valuable compound for human health. Resveratrol has been found to protect against cardiovascular diseases, improve blood circulation, lower blood pressure, and reduce the risk of blood clots. It also contributes to enhancing brain health and minimizing age-related cognitive decline. Because it increases insulin sensitivity and lowers the risk of insulin resistance, resveratrol also demonstrates potential effects in the fight against diabetes. Furthermore, resveratrol has been observed to have anti-ageing effects by activating longevity genes and promoting cellular health. With its broad range of potential health benefits, resveratrol has attracted significant attention in both the medical and dietary supplement fields, making it an essential compound to explore further for its potential therapeutic applications.
Key Market Segmentation:
Insights On Key Product
Global Resveratrol Market By Product (Extract, Fermentation, Synthetic):
Fermentation is set to dominate the Global Resveratrol market in the coming years. Fermentation-based resveratrol production involves the use of microorganisms to produce the compound through biotechnological processes. Benefits of this approach include low cost, scalability, and minimum contaminants in the production of high-quality resveratrol. Erythrocyte-derived resveratrol is experiencing notable expansion due to the growing need for natural and plant-based components across multiple sectors.
Extract-based resveratrol production is another important segment of the global market. With this technique, resveratrol is extracted from unprocessed natural sources such berries, grapes, and Japanese knotweed. Extracted resveratrol offers the advantage of being a natural and sustainable source, appealing to consumers seeking natural and eco-friendly products. Additionally, extract-based resveratrol is considered to have higher potency and bioavailability compared to synthetic alternatives, further driving its demand in the market.
Synthetic resveratrol, while still holding a significant share in the market, is expected to be overshadowed by fermentation and extract-based production methods. Synthetic resveratrol is produced through chemical synthesis in a laboratory setting. Although it offers advantages such as lower production costs and consistent quality control, the demand for synthetic resveratrol is diminishing due to the increasing preference for natural and plant-derived alternatives. Resveratrol derived from fermentation and extracts is growing more popular as consumers become more aware of the source and production methods of goods.
Insights On Key Form
Global Resveratrol Market By Form (Powder, Liquid)
Dominating Segment: Powder
The convenience of usage and advantages of powder storage make it anticipated that the powder form will lead the worldwide resveratrol market. Resveratrol powder is a valuable ingredient for many goods, including cosmetics, pharmaceuticals, and dietary supplements, due to its excellent stability. Because powder form is more convenient to work with in terms of formulation and dosing precision, producers gravitate toward it. Additionally, the longer shelf life of resveratrol in powder form enhances product stability and extends its usability period. Consequently, a significant share of the global resveratrol market is likely to be occupied by the powder category.
It is anticipated that the global market for resveratrol in liquid form will expand significantly. Liquid resveratrol offers advantages such as immediate absorption by the body, making it a preferable choice for certain applications, such as functional beverages, liquid dietary supplements, and personal care products. It is simpler to process and integrate the liquid form into liquid compositions quickly. Moreover, the liquid form provides flexibility in dosage customization and allows for easy addition to a variety of products. As a result, the worldwide resveratrol market is anticipated to increase significantly in the liquid category.
In conclusion, while the powder form is likely to dominate the global resveratrol market due to its convenience and stability, the liquid form also holds considerable growth potential due to its superior absorption and versatility in various applications. Both segments present lucrative opportunities for manufacturers and are expected to contribute to the overall growth of the global resveratrol market.
Insights On Key Isomer
The market for resveratrol is predicted to be dominated by trans-resveratrol. Its anti-inflammatory, anti-cancer, and antioxidant properties make it the most often utilized isomer in the medical and pharmaceutical industries. Trans-Resveratrol's superior bioavailability and higher potency compared to Cis-Resveratrol contribute to its dominance in the market. Moreover, increasing consumer awareness about the health benefits associated with Trans-Resveratrol is driving its demand.
Cis-Resveratrol is a segment within the global resveratrol market that holds significant growth potential. Although its market share is expected to be lower than Trans-Resveratrol, growing research on its therapeutic potential is likely to boost its utilization in functional foods, cosmetics, and dietary supplements. Additionally, Cis-Resveratrol's unique chemical structure and distinct biological activities make it a valuable ingredient for targeted applications in the nutraceutical industry.
While Trans-Resveratrol and Cis-Resveratrol dominate the global resveratrol market, further segments exist within each isomer category. These segments reflect variations in purity, sources, and production methods. These segments offer niche opportunities for specific applications and cater to the diverse needs of consumers. However, their market shares are likely to be relatively small compared to the dominant isomers. The focus on Trans-Resveratrol and Cis-Resveratrol as the main isomers stems from their wide-ranging applications and established commercial viability.
Insights On Key End Use
Global resveratrol market dominance is anticipated among end-use categories, with the Dietary Supplements industry. Known for its possible health advantages, resveratrol has become more well-liked as a dietary supplement due to its antioxidant qualities and its anti-aging effects. Supplemental dietary supplements containing resveratrol are in high demand due to the growing emphasis on wellness and preventive healthcare. With growing consumer awareness about the importance of maintaining overall health and well-being, the demand for Resveratrol in the form of dietary supplements is anticipated to witness significant growth.
The Cosmetics industry is another important segment of the end-use category in the Global Resveratrol market. Resveratrol is frequently used in a variety of skincare products because of its anti-inflammatory and antioxidant qualities. In addition to preserving general skin health, it helps lessen the appearance of aging. The rising consumer inclination towards natural and organic cosmetic products, coupled with the growing awareness about the benefits of Resveratrol in skincare, is driving the demand for Resveratrol in the cosmetics industry.
Resveratrol has also gained attention in the pharmaceutical industry, making it a noteworthy segment in the end-use category of the Global Resveratrol market. The compound has been studied for its potential therapeutic effects in various health conditions, including cardiovascular diseases, cancer, diabetes, and neurodegenerative disorders. The pharmaceutical industry is investing in research and development activities to explore the medicinal properties of Resveratrol and develop drugs that can harness its benefits. The increasing prevalence of chronic diseases and the growing demand for effective treatment options are expected to drive the demand for Resveratrol in pharmaceutical applications.
The Tools segment of the By End Use category in the Global Resveratrol market represents a smaller proportion compared to the dominant ones. Resveratrol extraction and purification tools are utilized by manufacturers to extract Resveratrol from natural sources and refine it for various applications. These tools play a crucial role in the production process, ensuring the quality and purity of Resveratrol. Although the demand for these tools is essential for the Resveratrol industry, it is expected to have a relatively smaller market share compared to the dietary supplements, cosmetics, and pharmaceutical segments.
The Others segment within the By End Use category encompasses various miscellaneous applications of Resveratrol that do not fall under the dominant or notable segments. This may include niche industries or emerging segments that are yet to gain significant traction in the market. While the specific segments under Others may vary, they are expected to have a comparatively smaller market share in the Global Resveratrol market. Nonetheless, as Resveratrol continues to garner attention for its potential health benefits, these miscellaneous applications may witness growth in the future, thereby contributing to the overall market expansion.
Insights on Regional Analysis:
North America is expected to dominate the global resveratrol market. The region is witnessing a significant rise in the consumption of resveratrol due to the growing demand for dietary supplements and functional foods. The increasing awareness about the health benefits of resveratrol, such as antioxidant and anti-inflammatory properties, is driving its market growth in this region. Additionally, the presence of key market players and advanced healthcare infrastructure further contributes to North America's dominance in the global resveratrol market.
South America is witnessing steady growth in the global resveratrol market. The region's market growth is fueled by the rising awareness among consumers about the health benefits of resveratrol and its increasing use in cosmetic and personal care products. Additionally, the growing demand for dietary supplements and functional foods also contributes to the market growth in this region. Despite North America's dominant position, South America presents ample opportunities for market expansion due to its untapped potential and evolving consumer preferences.
Asia Pacific is witnessing rapid growth in the global resveratrol market. The region's market growth can be attributed to the increasing health-conscious population and the rising demand for natural and organic products. The growing disposable income and urbanization further boost the demand for resveratrol-based dietary supplements and functional foods in this region. The presence of a large agricultural sector and the availability of abundant raw materials also contribute to the market growth in Asia Pacific.
Europe is experiencing substantial growth in the global resveratrol market. The region's market growth is driven by the increasing adoption of resveratrol in the pharmaceutical and nutraceutical industries. The rising consumer awareness about the potential health benefits of resveratrol, such as cardiovascular health and anti-ageing properties, further fuels its market demand in Europe. Additionally, the presence of stringent regulations for the use of natural ingredients in food and cosmetics products plays a crucial role in promoting market growth in this region.
Middle East & Africa:
The Middle East & Africa region is also witnessing growth in the global resveratrol market. The region's market growth is driven by the increasing consumer awareness about the health benefits of resveratrol and its rising application in the food and beverages industry. The growing number of health-conscious consumers and the rising disposable income contribute to the market expansion in this region. Although this region is not expected to dominate the global market, it presents lucrative opportunities for market players due to the growing demand for natural and organic ingredients in this region.
Key players in the global resveratrol market, such as DSM, Evolva, and Maypro, play a crucial role in supplying high-quality resveratrol extracts and derivatives to meet the growing demand from various industries, including cosmetics, pharmaceuticals, and food and beverages. These players focus on research and development, strategic partnerships, and product innovation to maintain their competitive position in the market.
The key players in the Resveratrol market include DSM Nutritional Products, Evolva Holding SA, Sabinsa Corporation, Jeunesse Global, Chengdu Yazhong Bio-tech Co., Ltd., Xi'an Lanyar Biotech Co., Ltd., Shaanxi Sciphar Hi-Tech Industry Co., Ltd., Chengdu Okay Pharmaceutical Co., Ltd., and Xi'an Nate Biological Technology Co., Ltd.
COVID-19 Impact and Market Status:
The global resveratrol market has been impacted by COVID-19, with disruptions in the supply chain leading to potential shortages and decreased demand due to economic instability.
The COVID-19 pandemic has had a mixed impact on the resveratrol market. On one hand, there has been an increased interest and demand for natural health supplements, including resveratrol, as consumers look for ways to boost their immune systems and overall health during these uncertain times.
Additionally, research has suggested that resveratrol may have potential antiviral properties, further driving the demand for this compound. However, on the other hand, the global lockdown measures and economic downturn have disrupted supply chains and manufacturing processes, leading to challenges in the production and distribution of resveratrol products. Moreover, the closure of gyms, wellness centres, and other retail outlets has significantly reduced the offline sales of resveratrol supplements. Online sales have experienced a surge, but the overall market growth has been hindered. The resveratrol market is expected to recover gradually as the situation improves, with a strong focus on quality and proven health benefits.
Latest Trends and Innovation:
- In February 2021, Evolva Holding SA acquired 100% of the shares of Indo World Ingredients (IWI), a leading Indian-based manufacturer and supplier of natural and synthetic active ingredients for the pharmaceutical, personal care, and food and beverage industries.
- In June 2020, DSM and Metabolix Inc. announced a collaboration to develop a biologically produced resveratrol for application in dietary supplements.
- In May 2019, Huaheng Biotech Inc. launched a high-purity trans-resveratrol product, further enhancing its position in the resveratrol market.
- In October 2018, KGK Science, a leading contract research organization, completed a clinical study demonstrating the safety and efficacy of resveratrol in improving blood flow.
- In September 2017, ResVida, a leading supplier of resveratrol, announced the expansion of its manufacturing facilities to meet the growing demand for resveratrol-based products.
- In March 2016, DSM and Standard Process Inc. entered into a partnership to develop innovative solutions based on resveratrol for use in dietary supplements and functional food applications.
Significant Growth Factors:
The Resveratrol market is propelled by the increasing consumer demand for natural and organic supplements, combined with the growing awareness of its potential health benefits.
The resveratrol market is expected to witness significant growth in the coming years due to several factors. Firstly, the increasing awareness among consumers regarding the health benefits of resveratrol is driving the market growth. Resveratrol is known for its antioxidant properties and has been linked to various health benefits, including anti-ageing, cardiovascular health, and cancer prevention. This growing awareness is leading to a rise in demand for resveratrol-based products, such as supplements, cosmetics, and functional food and beverages. Secondly, the rising incidence of chronic diseases, such as cardiovascular diseases and cancer, is also fueling the demand for resveratrol. Studies have shown that resveratrol can inhibit the growth of cancer cells and reduce the risk of heart disease, which has resulted in its increased usage in the pharmaceutical industry. Additionally, the expansion of the functional food and dietary supplements industry is playing a crucial role in the growth of the resveratrol market. Consumers are increasingly inclined toward natural and organic products, and resveratrol fits well in this category.
Lastly, the growing geriatric population worldwide is expected to drive market growth as resveratrol is known to possess anti-ageing properties. Overall, these factors are contributing to the significant growth of the resveratrol market globally.
The limited availability of raw materials and high production costs act as restraining factors for the Resveratrol market.
The Resveratrol Market faces several restraining factors that hinder its growth and potential. Firstly, there is a lack of awareness among consumers about the numerous health benefits of resveratrol, which limits the demand for products containing this compound. Additionally, the high cost of production and extraction methods involved in obtaining resveratrol from natural sources poses a challenge for manufacturers, making the final products relatively expensive for consumers. Moreover, the limited availability of resveratrol-rich natural sources due to climatic conditions, such as suitable grape varieties for wine production and certain plants for extraction, restricts the overall supply in the market. Furthermore, regulatory constraints and varying standards across different regions regarding the use and labelling of resveratrol products add to the complexity for manufacturers and limit the market growth. Lastly, the emergence of alternative health supplements, which claim similar benefits or have comparable antioxidant properties, poses a competitive threat to the resveratrol market. Despite these challenges, the Resveratrol Market has significant growth potential. By investing in research and development, raising awareness about its benefits, and exploring alternative sources and extraction methods, the market can overcome these limitations and thrive.