Utilizing both primary and secondary research methods, Reports and Insights investigated the “Resveratrol Market” from every perspective in recent times. The issued report is promising the clients to help them gain a deeper understanding of prevailing market dynamics such as supply-demand asymmetry, product preferences, customer preferences and habits, pricing trends, and so forth. The data is then compiled and evaluated using a scale of market assessment and data validation approaches. In addition, Reports and Insights have an in-house data prognostic approach that prophecies market growth through 2030
The global resveratrol Market in 2022 is estimated for more than US$ 77.2 Mn and expected to reach a value of US$ 163.2 Mn by 2030 with a significant CAGR of 9.8%.
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Resveratrol Introduction
Resveratrol is a polyphenolic phytoalexin, a compound obtained from grapes, and is widely used as a dietary supplement. Resveratrol is produced by several plants in response to injury or when the plant is under attack by pathogens such as bacteria or fungi. Resveratrol is known to prevent diseases such as diabetes, cancer, and cognitive decline, delays aging.
A number of beneficial health effects, such as anti-cancer, antiviral, neuroprotective, anti-aging, anti-inflammatory, and life-prolonging effects have been reported for resveratrol. Resveratrol is recommended as a pill of 100 mg to 500 mg per day.
Resveratrol Market Dynamics
Growing awareness of health and wellbeing are the primary factors driving the growth of the global resveratrol market over the forecast period. Over time people are becoming more health cautious and are adopting a healthy lifestyle.
The increasing prevalence of chronic diseases such as diabetes, cancer, obesity, stress, and depression are some other factors driving the growth of the global resveratrol market. However, low penetration of resveratrol in emerging markets is restraining the growth of the global resveratrol market.
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Resveratrol Market Segmentation
The global resveratrol market is segmented on the basis of product type, application, distribution channel, and region. On the basis of product type, the global market is segmented into powdered form, liquid supplements, and red wine pill. Based on the application global resveratrol market is segmented into dietary supplements, pharmaceuticals, cosmetics, and others. On the basis of distribution channels, the global resveratrol market is segmented into retail pharmacies, drug stores hypermarket/supermarket, e-commerce, and others.
The global resveratrol market is expected to increase at a steady CAGR over the forecast period owing to increasing production of fish oil and growing clinical applications of fish oil.
Resveratrol Market Key Players
Global resveratrol market is dominated by DSM Nutritionals, Jeunesse Global, Sirtris Pharmaceuticals, Inc., Hill Pharmaceutical Co., Ltd., Resveratrol Enhanced Pty Ltd, Terraternal, Andorra Life, ResVitale, LLC, ASN Pharmaceutical LLC, Endurance Products Company, RevGenetics, Xieli Pharmaceutical, and Evolva etc. among others.
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