The global wine extract market was worth US$ 43.6 Million in the year 2022 and is expected to reach US$ 66.3 Million by the year 2032 at a CAGR of 5.2% between 2022 and 2032.
Wine extracts are known for rendering several health benefits. Red wine is also a good antioxidant. These days, wine extracts are termed as ‘resveratrol’. It comes across as a phytoalexin found in various kinds of plants. It’s actually a flavonol constituting group of flavonoids. Coming to grapes, resveratrol could be located in their skin, stem, and leaves. The body’s efficient defensive system obtained through intake of wine is unparalleled.
The end-consumers of wine extract comprise pharmaceuticals, cosmetics, dietary supplements, and food & beverages. These multiple applications are likely to take the wine extract market to a new ‘high’ going forward.
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The cosmetics vertical is actually experiencing robust demand as well as growth and expected to substantiate going forward. This could be credited to growing awareness regarding skincare. The key participants are introducing their novel skin care products containing wine extract as one of the active ingredients.
Additionally, anti-aging creams are being adopted with population being extra-conscious regarding skin care. Research states that wine extract is abreast with certain exclusive properties; such as it does stimulate eNOS activity; thereby preventing blood clotting, LDL cholesterol’s oxidation, and reducing risk of Alzheimer’s disease.
The versatility of wine extracts also lays in the fact that they help in exercising control over obesity.
At the same time, the fact that excessive consumption of wine extracts could result in breast cancer can’t be ignored. Plus, wine extract is known for its anti-coagulation properties; which implies that the one who is on blood thinner medication could contract excessive bleeding in case of getting injured on intake of wine extract. These factors could restrain the wine extract market in the forecast period.
Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Wine Extract market’. The team of analysts and consultants is there to deploy a 360-degree approach in its primary, secondary, and tertiary modes of research.
“With realization of the fact that wine extracts are used to render protection against several kinds of cancer, liver-related ailments, and likewise, the global wine extract market is likely to flourish in the upcoming period”, says an analyst from Future Market Insights.
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Key Takeaways from Wine Extract Market
- Wine is amongst an indispensable part of the European cultures and this trend is ongoing. The working class are there to include wine in diet, occasional drinks, and house parties. As per the European Association of Wine Economists and the Chaire Vins et Spiritueux de INSEECU dated May 2020, frequency of wine consumption has increased on significant counts in Spain in particular. Coming to retail, consolidation is seen in supermarkets as well as restaurants. Smaller brands tend to have a tough time in gaining placement on shelves and also on wine lists. As a result, supermarkets do account for a notable market share.
- North America and the Asia-Pacific are expected to witness steadiness in the wine extract market in the near future.
Competitive Extract
- Symrise, in April 2022, did announce launching Diana food portfolio brand related to natural health actives. This portfolio comprises a wide range of sustainable and trusted natural health ingredients.
- Constellation Brands, in July 2020, did acquire Empathy Wines (a direct-to-consumer wine brand) with the objective of winning the space on the digital shelves. Sovos ShipCompliant, an alcohol beverage compliance firm, has mentioned that 6.6 Billion cases were sold on direct basis to the consumers in the year 2019.
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What does the Report extract?
- The research study is based on form (powder, capsule, and liquid), by application (food & beverages, pharmaceuticals, cosmetic & personal care products, dietary supplements, and others).
- With growing applications of wine extract in dietary supplements and cosmetics, the global wine extract market is likely to grow on an exceptional note going forward.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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