Resveratrol Market Key Players, Trends, Growth Opportunities
and Industry Forecast till 2023
“The market is driven by growing consumer base, rise in
food demands, and increase in dietary issues. In addition,
the rise in use of food applications in the cosmetic
industry enhances the market growth during the forecast
period.”
The global resveratrol market is anticipated to grow at a significant CAGR during the forecast period. The market
is driven by growing consumer base, rise in food demands, and increase in dietary issues. In addition, the rise in
use of food applications in the cosmetic industry enhances the market growth during the forecast period. From
the medical perspective, it is a powerful anti-oxidant and is effective for use against skin bacteria. Regulatory
framework for approval of resveratrol use in food and cosmetic products is more likely to supplement the
growth for resveratrol market.
By application, market is segmented as dietary supplements, cosmetics, pharmaceuticals and cosmetics. By
form, market is trifurcated into powdered form, red wine pill and liquid supplements. Geographical
segmentation for the market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa.
North America dominates the market growth during the forecast period owing to increasing demand as organic
content for food and cosmetics industry.
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APAC sector is anticipated to be the faster growing region due to increasing demand from India and China.
Increasing awareness pertaining to health benefits is one of the major reasons for market growth. FDA approvals
by regulatory bodies in APAC sector are most likely to trigger the market growth.