The wine extracts market is projected to reach $66.3 million by 2032, growing at a CAGR of 5.20%. The rise is attributed to increased applications in cosmetics and dietary supplements. Wine extracts, known for antioxidant properties like resveratrol, are derived from the fermentation of various red and black grapes, contributing to the market’s expansion.
By 2022, the market for wine extracts is projected to be worth $43.6 million. The analysis projects that wine extract sales would increase at a compound annual growth rate (CAGR) of 5.20% to reach an estimated US$66.3 million in 2032.With wine extract finding more and more uses in cosmetics and dietary supplements, it is expected that demand for wine extract will grow, driving the global market for wine extract. Red wine, as most people know, is an alcoholic beverage made by crushing and fermenting several types of red and black grapes.
To make wine, a large number of black grapes are crushed and left to ferment. Depending on the type of grapes crushed, the wine’s colour can range from a deep violet to a brick red tone. Wine has long been known to offer benefits in regard to resveratrol because it is an antioxidant.
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Market Regional Outlook
Wine Extract is sold in seven main regional segments: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Middle East and Africa, and Japan. Given that it is the world’s largest producer and consumer of wine extract, North America is predicted to hold the largest worldwide market share in this area.
The largest revenue-producing nations in the Asia Pacific region are Australia and China. Latin America is the second-largest revenue-producing region in the Wine Extract market.
Market Drivers
The rise in demand for anti-ageing cream is expected to drive the growth of global Wine Extract market. Wine Extract is not only a rich source of resveratrol but it also exhibits some special properties such as Stimulates eNOS activity, Prevent clotting of blood, prevents the oxidation of LDL cholesterol and reduces the risk of Alzheimer’s disease.
It also helps in reducing obesity and slowing the rate of aging. These versatile properties of Wine Extract is attracting attract pharmaceutical segment as well, which will defiantly drive the Wine Extract market to a greater extent. Moreover, the market is also driven by the increasing awareness among the consumers about the health benefits associated with Wine Extract.
Although Wine Extract has anti- cancer benefits, but research has found that it can promote breast cancer. Another worrying fact about Wine Extract is that it acts as an anti-coagulant, if a person takes prescribed blood thinner along with the Wine Extract he may lead to excessive bleeding. This property can actually be a restrain to the growing market of Wine Extract.
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Market Key Players
Some of the key players in Wine Extract market areS EPPIC Inc., Hangzhou Greensky Biological Tech. Co., Ltd., Diana Naturals Inc., Xi’an Chinwon Biotech Inc., GRAP’SUD, Diana Naturals Inc, Ethical Naturals, Inc., and VDF/FutureCeuticals, Inc.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts and inputs from industry experts. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and regions.
Market Segmentation
Wine Extract is segment on the basis of application, form and region.On the basis of application market is segmented into
- Food and Beverages
- Pharmaceuticals
- Cosmetic & Personal Care Products
On the basis of form, the market is segmented into
- Powder
- Capsule
- Liquid Wine
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