The estimated worth of the worldwide resveratrol market in 2022 was US$ 118.60 million. Sales of dietary supplements is likely to increase to US$ 278.3 million by 2033 thanks to shifting customer tastes, with a CAGR of 8% predicted for the forecast period of 2023 to 2033.
The growing demand for nutritional supplements among consumers is one of the main factors driving up the price of resveratrol on the international market. The market is expected to grow due to the product’s high anti-antioxidant content and phenolic activities, which are popular with older consumers and sportsmen, as well as the increased prevalence of health issues including cardiovascular diseases. The increasing usage of nutraceuticals by the populace and the increasing reliance of the beauty sector on resveratrol all have an effect on the market’s growth.
One of the key reasons boosting the global market for resveratrol is the rise of consumer appetite for dietary supplements. The product’s increasing popularity among elderly and athletes, owing to its high anti-antioxidant level and phenolic activities, as well as the rising incidence of health concerns such as cardiovascular illnesses, drive market expansion. The population’s rising use of nutraceuticals and the cosmetic industry’s growing reliance on resveratrol both have an impact on the market’s expansion.
The market for resveratrol benefits from rising demand for healthy foods, rising health awareness, rising disposable income, rising investment, and high pharmaceutical usage. A rise in healthy product launches broadens revenue opportunities for the market participants from 2023 to 2033.
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Key Takeaways from the Market Study
- The global resveratrol market is expected to be valued at US$ 123 million by 2023
- From 2018 to 2022, the market demand expanded at a CAGR of 3.1%
- In 2022, the United States market for resveratrol accounted for about 17.3% of the global market share.
- The Indian resveratrol market to experience a rapid CAGR of 14% from 2023 to 2033.
- By product type, the extract or plant-based resveratrol was estimated to acquire more than 40% share in 2022.
- By isomer, the trans-resveratrol had acquired a market share of 87%.
“Resveratrol is gaining traction owing to its health benefits and having antioxidant, anti-inflammatory and anti-aging properties.” remarks an FMI analyst.
Competitive Landscape
Prominent players in the resveratrol market are:
- DSM Nutritionals
- Evolva
- Endurance Product Company
- Great Forest Biomedical
- Laurus Labs Limited
- JF-NATURAL
- Sabinsa Corporation
- Resvitale LLC
- Shanghai Natural Bio-engineering Co., Ltd.
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Some key developments of the leading companies in this market are:
- In 2021, Lonza, a worldwide manufacturing partner to the pharmaceutical, biotechnology, and nutrition sectors, declared it is likely to invest to build its production capabilities for pharmaceutical products at its facility in Guangzhou, China.
- The fill as well as finish production line is likely to provide clinical trial and commercialization batches in China as well as local and international clients. In keeping with Lonza’s objective to provide clients integrated end-to-end solutions, the launch of drug product manufacturing at the Guangzhou (CN) facility is likely to provide customers with a unified drug substance as well as drug product manufacturing service option.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global resveratrol market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the resveratrol market, the market is segmented on the basis of resveratrol by product (extract, fermentation, synthetic), form (powder and liquid), isomer (trans-resveratrol and cis-resveratrol), end-use and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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