The global resveratrol market size was valued at $71.9 million in 2020, and is projected to reach $131.0 million by 2030, registering a CAGR of 6.2% from 2021 to 2030.
Resveratrol is one of the category of polyphenols which has antioxidant properties. It has anti-inflammatory and antioxidant properties that protects against diseases like diabetes, cancer, Alzheimer’s disease and others. The anti-inflammatory effects of resveratrol make it a good remedy for arthritis, and skin inflammation. Additionally, it is largely used in the treatment of cardiovascular diseases, cancer, arthritis, obesity, hypertension and other diseases. It is commonly use resveratrol d in tablets, supplements, and capsules in pharmaceuticals and nutraceuticals industries. This in turn is driving the growth of the market in terms of value sales.
Covid-19 Impact Analysis
- The outbreak of the COVID-19 pandemic has shown a positive impact on the market.
- During the COVID-19 outbreak, the nutraceutical industry got benefit from consumers who were looking to lead healthier lifestyles and improve their dietary habits and immune power due to this COVID-19. This in turn has boosted the demand for resveratrol in the nutraceutical industry boosting the growth of overall market in this corona virus outbreak.
The global resveratrol Industry is segmented are categorized into product type, form application and region. By product type, it is classified into natural resveratrol and synthetic resveratrol. By form, the market is bifurcated into powder and liquid. By application, it is divided into pharmaceuticals, nutraceuticals, cosmetics and others. Region wise, the market is analyzed across North America (the U.S., Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand, South Korea, ASEAN and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Argentina and Rest of LAMEA).
By Product Type
The Natural Resveratrol segment dominates the global resveratrol market and is expected to retain its dominance throughout the forecast period.
By product type, the natural resveratrol segment accounted the highest resveratrol market share in 2020 and is expected to be the fastest growing segment during the forecast period. The market has been exhibiting an exponential growth and is likely to retain its dominance through the forecast period. This is attributable to the rising consciousness about the use of natural ingredients and their benefits among the consumers. Additionally, natural resveratrol is extracted from grape seeds, blueberries, peanuts, knotweed, and other which is the key driver for the rapid growth of the market.
By form, the market is divided into powder and liquid. In 2020, the powder segment accounted for the highest market share in the global resveratrol market and is also expected to retain its dominance during the forecast period. End users in the market including cosmetic industry, pharmaceutical industry and other industries mostly prefer resveratrol in the powder format. In recent years, powdered resveratrol as an ingredient has gained high traction, as it is used in cosmetic products, anti-aging supplements, medicines, and other applications. However, liquid segment in the resveratrol market is expected to be the fastest growing segment during the resveratrol market forecast period in terms of value sales.
By Form
The Powder segment dominates the global resveratrol market and is expected to retain its dominance throughout the forecast period.
By application, the market is divided into pharmaceuticals, nutraceuticals, cosmetics and food & beverages. In 2020, the nutraceuticals segment accounted for the highest market share in the global market and is also expected to retain its dominance during the forecast period. This is attributed to the high consumption and demand for nutraceutical supplements owing to its various health benefits such as it helps to lower blood pressure, maintain cholesterol level, increases insulin sensitivity, ease joints pain and other medical conditions. However, food & beverages segment in the market is expected to be the fastest growing segment during the forecast period in terms of value sales.
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest market share in the year 2020. The North America market dominated the use of resveratrol, owing to the fact that the consumption of resveratrol as a supplement is increasing among the consumers in this region. This is mainly due to high incidences of diseases, such as, high cholesterol high blood pressure, coronary heart diseases, atherosclerosis, and congestive heart failures. Resveratrol helps protect heart and blood vessels from getting damaged. Therefore, North America has created a prolific resveratrol market demand over the period of time. However, Asia-pacific is expected to be the fastest growing market during the market forecast period.
By Application
The Nutraceuticals segment dominates the global resveratrol market and is expected to retain its dominance throughout the forecast period.
Key players operating in the global resveratrol market focus on prominent strategies to overcome competition and maintain as well as improve their share worldwide. Some of the major players in the global industry analyzed in this report Botaniex Inc., Chongqing Kerui Nanhai Pharmaceutical Co., Ltd., Evolva, Foodchem International Corporation, Good-Yg-Biotech, Haihang Industry Co., Ltd , Hubei Sanxin Biotechnology Co., Limited, Honghao Herbs, Sichuan Xieli Pharmaceutical Co. Ltd And Xi'an Chen Lang Biological Technology Co., Ltd.
By Region
The North America segment dominates the global resveratrol market and is expected to retain its dominance throughout the forecast period.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the current resveratrol market trends, estimations, and dynamics of the global market for the period of 2020–2030 to identify the prevailing resveratrol market opportunity.
- The key countries in four major regions have been mapped based on their market share.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region have been mapped according to their revenue contribution to the global industry.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of market players.
- The report includes both regional as well as global the resveratrol market analysis, key players, market segments, application areas, and resveratrol market growth strategies.
Resveratrol Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By Form |
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 By Application |
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 By Region |
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 Key Market Players | GOOD-YG-BIOTECH, CHONGQING KERUI NANHAI PHARMACEUTICAL CO., LTD., HAIHANG INDUSTRY CO., LTD, XI'AN CHEN LANG BIOLOGICAL TECHNOLOGY CO., LTD, HONGHAO HERB, SICHUAN XIELI PHARMACEUTICAL CO. LTD, FOODCHEM INTERNATIONAL CORPORATION, EVOLVA, HUBEI SANXIN BIOTECHNOLOGY CO., LIMITED, BOTANIEX INC. |
Analyst Review
The market players have adopted key developmental strategies such as agreement and partnership to fuel the growth of the resveratrol market in terms of value sales. They also emphasize on continuous improvement in their product to keep a strong foothold in the market and to boost the demand for flavonoid in other industries including nutraceuticals industry, pharmaceutical industry, food & beverages industry and cosmetic industry.
According to the key market players, changing lifestyles and rise in concern regarding health are encouraging consumers to seek for non-invasive and effective solutions. Therefore, the manufacturers are investing in R&D activities and making continuous effort in launching new improved ingredient for nutraceuticals producers to help them in meeting the rising global demand of consumers for improved nutritional supplements. Thus, this factor promotes the use of resveratrol in the nutraceuticals industry.
The key market players in this market adopted new strategies such as improvement in the product launch, partnership, agreement and others as their key developmental strategies to fulfil the rise in demand for final product’s manufacturers.
However, the low penetration of resveratrol in the developing regions is likely to hamper the growth of the flavonoid market in the future.
The global resveratrol market is projected to register a CAGR of 6.2% from 2021 to 2030.
The global resveratrol market size is projected to reach $131.0 million by 2030.
Growth of nutraceuticals and pharmaceutical industry are the top impacting factors in the resveratrol market growth.
The companies in the market are Botaniex, Chongqing Kerui Nanhai Pharmaceutical , Evolva, Foodchem International, Good-Yg-Biotech, Haihang Industry, Hubei Sanxin, Honghao Herbs, Sichuan Xieli Pharmaceutical And Xi'an Chen Lang Biological Technology
The global resveratrol industry is segmented are categorized into product type, form application and region.
The global resveratrol industry is segmented are categorized into product type, form application and region.
The key growth strategies of resveratrol market players includes product launch and agreement.
By product type, the natural resveratrol segment accounted the highest resveratrol market share in 2020.
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