(MENAFN- EIN Presswire)
Resveratrol Market
Driven by rising health awareness and the booming cosmetics industry, the resveratrol market is set for rapid growth.
Resveratrol is fast becoming a cornerstone in wellness and beauty, driving significant market growth.” - Allied Market Research
WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, September 2, 2024 /EINPresswire / -- According to a new report published by Allied Market Research, titled,“Resveratrol Market by product type, application: global opportunity analysis and industry forecast, 2021–2030,” The global resveratrol market size was valued at $71.9 million in 2020, and is projected to reach $131.0 million by 2030, registering a CAGR of 6.2% from 2021 to 2030.
📍 Get Your Sample Today:
The rising consumer awareness regarding the health benefits offered by resveratrol as a supplement is anticipated to remain a major driving factor for the growth of the resveratrol market over the forecast period. Inherent benefits of the resveratrol in pharmaceutical applications to treat cancer, heart health and other chronic and cardiovascular disease has also contributed towards resveratrol market growth.
Additionally, the aging population is expected to provide lucrative opportunities for the expansion of cosmetic industry in the countries like Japan, Latin America and others. According to WHO, the population in Latin America is aging at a rapid pace. Thus, this in turn is likely to offer immense opportunity for the growth of resveratrol market from the cosmetics industry during the forecast period in terms of value sales.
The usage of resveratrol as an ingredient in the cosmetic industry is significantly rising at a steady pace. This is attributed to various skin benefits associated with the use of resveratrol in various cosmetic products. Resveratrol are important ingredient in cosmetics as they offer antioxidant protection and also protect skin from UV radiation. Thereby these aforementioned benefits offered by resveratrol as an ingredient in cosmetics have increased its adoption among the manufacturers of the cosmetics industry, which, in turn, has propelled the growth of the overall resveratrol market in terms of value sales.
The outbreak of coronavirus has positively impacted the resveratrol industry along with all stages of supply chain and value chain. Owing to the COVID-19 outbreak consumers all around the world became health conscious and in order to boost their immunity power consumers were getting more inclined towards the consumption of dietary supplements made of invasive ingredients including resveratrol which in turn has boost the demand for resveratrol from the nutraceuticals industry. This, in turn, has made a positive impact on growth of the resveratrol market.
📍 SPEAK WITH ANALYST:
💡The global resveratrol industry is segmented are categorized into product type, form application and region.
💡By product type, it is classified into natural resveratrol and synthetic resveratrol. By form, the market is bifurcated into powder and liquid.
💡By application, it is divided into pharmaceuticals, nutraceuticals, cosmetics and others.
Region wise, the market is analyzed across North America (the U.S., Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand, South Korea, ASEAN and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Argentina and Rest of LAMEA).
✅ Key findings of the study
- By product type, the natural resveratrol segment accounted for the highest share in 2020, growing at a significant CAGR from 2021 to 2030.
- By form, the powder segment accounted for the highest resveratrol market share in 2020, growing at a CAGR of xx % from 2021 to 2030.
- By application, the nutraceutical segment accounted for the highest market share in 2020, growing at a CAGR of xx % from 2021 to 2030.
- By region, North America occupied the maximum share in the market in 2020 and is expected to be the dominating segment during the resveratrol market forecast period.
📍 Make a Direct Purchase Discounts! Limited Time Offer: May 2024 - July 2024 :
Companies can operate their business in highly competitive market by launching new products or updated versions of existing products. Agreement with key stakeholders is expected to be a key strategy to sustain in the market. In the recent past, many leading players opted for partnership strategies to strengthen their foothold in the market. To understand the key resveratrol market trends, strategies of leading players are analyzed in the report.
📍Some the key Players in the Resveratrol Market Analysis Includes
🚀 botaniex inc.
🚀 chongqing kerui nanhai pharmaceutical co. ltd.
🚀 evolva
🚀 foodchem international corporation
🚀 good-yg-biotech
🚀 haihang industry co. ltd
📝 About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view of providing business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domain.
We have professional corporate relations with various companies and this helps us dig out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality of data and help clients in every way possible to achieve success. Each and every piece of data presented in the reports published by us is extracted through primary interviews with top officials from leading companies in domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
📞Contact
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (toll-free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
...
Web:
Follow Us on Blog:
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
MENAFN02092024003118003196ID1108627421
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.