The wine extract market in North America is expected to dominate globally, capturing 35.60% of the total market share due to its position as the leading producer and consumer. The region’s consumption of wine extract, especially in supplement form, is driven by increasing health concerns, including coronary heart disease, high cholesterol, high blood pressure, congestive heart failure, and atherosclerosis.
The wine extract market was valued at approximately USD 43.6 million in 2022 and is projected to grow at a CAGR of 5.20%, reaching an estimated USD 66.3 million by 2032.
The increasing use of wine extract in cosmetics and dietary supplements is expected to drive demand and contribute to the overall growth of the global market. Red wine, made by fermenting various black and red grape varieties, plays a significant role in this trend.
Red wine and wine extracts are recognized for their numerous health benefits, including protection against various types of cancer and liver disease. As awareness of these advantages grows, the demand for wine extracts is expected to increase. The antioxidant properties of red wine are likely to drive momentum in the global wine extract market during the forecast period.
Wine extracts are often associated with resveratrol, a phytoalexin found in several plant varieties. As a flavanol within the flavonoid family, resveratrol is predominantly located in the skin of grapes, as well as in the leaves and stems of the plant. The natural and effective properties of resveratrol serve as a robust defense system for the body. Consequently, many manufacturers are investing heavily in research and development to explore the health benefits associated with wine extract.
Wine extract is widely utilized across several industries, including cosmetics, pharmaceuticals, food and beverage, and dietary supplements. The increasing sales of wine extracts can be attributed to their diverse applications.
Resveratrol is available in both powder and liquid forms, with the powder form being the most commonly used by end users. In recent years, wine extract has gained traction as an ingredient in various products, particularly in anti-aging supplements, cosmetics, and medicinal formulations. Additionally, its potential benefits for cardiovascular health are expected to further drive the growth of the wine extract market.
Key Takeaways
- The wine extract market is projected to grow from USD 43.6 million in 2022 to USD 66.3 million by 2032, with a CAGR of 5.20%.
- Increased applications of wine extract in cosmetics and dietary supplements are driving demand, particularly due to health benefits associated with red wine.
- Resveratrol, a key component of wine extracts, is recognized for its antioxidant properties and health benefits, boosting its popularity in various products.
- North America leads the global market with a 35.60% share, driven by rising demand for dietary supplements and the prevalence of health issues.
- The powder form of wine extract dominates the market, particularly in anti-aging and pharmaceutical applications, while liquid extracts are expected to grow rapidly.
- Despite its benefits, challenges such as potential health risks and low consumer awareness may hinder the market’s growth.
Key Companies Profiled
- SEPPIC Inc.
- Hangzhou Greensky Biological Tech. Co., Ltd.
- Diana Naturals Inc.
- Xi’an Chinwon Biotech Inc.
- GRAP’SUD
- Diana Naturals Inc
- Ethical Naturals, Inc.
- VDF/FutureCeuticals, Inc.
Get Strategic Guidance from Our Analyst Contact us on: +1-347-918-3531
Key Segments of the Wine extract Market
By Form:
- Powder
- Capsule
- Liquid
By Application:
- Food & Beverages
- Pharmaceuticals
- Cosmetic & Personal Care Products
- Dietary Supplements
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
