Application of Resveratrol Market 2021 in Cosmetics and Dietary Supplements and Lucrative Growth Opportunities During The Forecast To 2027
Global cosmetic industry is witnessing robust growth and is expected to expand in the near future. This is due to increasing awareness of skincare among the population. The application of resveratrol in cosmetic industry is expected to drive global resveratrol market growth during the forecast period. Various key players launched its novel skincare products containing resveratrol, as an active ingredient.
For instance, in 2014, SkinCeuticals, a company involved in development of skincare products, expanded its resveratrol portfolio, with launch of Resveratrol B E, an antioxidant night concentrate, which drives skin’s internal antioxidant defense system and helps to heal and reduce skin damages. Resveratrol B E contains a maximized concentration of 1% pure soluble resveratrol synergistically enhanced with baicalin and vitamin E for extra antioxidant protection. Launches of such novel products are expected to support growth of global resveratrol market during the forecast period.
Approvals and launches of novel resveratrol-based food and dietary supplements are expected to support growth of the global resveratrol market. For instance, in 2016, DSM Nutritional Products received European Union (EU) novel foods approval for resVida, a high purity trans-resveratrol, used in food supplements in capsule or tablet form, at doses of up to 150 mg per day.
The prominent players in the Resveratrol Market are SkinCeuticals, Evolva SA, DSM Nutritionals, Jeunesse Global, VitaMonk, Helix Healthstore, Terraternal, Andorra Life, ResVitale, LLC, Endurance Products Company, RevGenetics, SiChuan Xieli Pharmaceutical Co., Ltd., and others.
One of the primary drivers fuelling the global resveratrol market growth in the near future is projected to be the increasing introductions of new resveratrol products in the market. Evolva Holding SA, a Swiss pharmaceutical business, released Veri-te as its resveratrol brand in February 2017.
Veri-te can be found in a variety of consumer health goods, including dietary supplements (pills, tablets, and chews), skincare, nutrition and wellness beverages, and personal care items. Helix Healthstore, a natural health product company, increased its product inventory in December 2016 by adding Trans- Resveratrol-Super Youth Complex items to its premium health supplement line. Trans-Resveratrol-Super Youth Complex is an anti-aging supplement with anti-oxidant qualities that works to avoid cellular damage caused by free radicals and keeps skin looking young. Jupiter Orphan Therapeutics, Inc. gained Orphan Drug Designation from the US Food and Drug Administration (FDA) in August 2017 for its trans-resveratrol formulation, JOTROL. According to the phase II experiment done by the firm and its partner Murdoch Children’s Research Institute using resveratrol. The drug JOTROL is intended to be used to treat Friedreich’s Ataxia.
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Due to regular product approvals and introductions of innovative resveratrol products in major countries, the global resveratrol market is expected to expand at a CAGR of 9.7% from 2018 to 2026.
North America dominated the global resveratrol market in 2017 and is likely to continue to do so in the forecast period (2018– 2026). This is due to a high level of awareness among the population about the importance of taking proper supplements for a healthy lifestyle.
Due to the presence of prominent companies in the area and regular product releases, Europe is likely to develop significantly over the forecast period. Some European businesses participating in the resveratrol market are Evolva Holding SA and Koninklijke DSM N.V.
During the projection period, the online distribution channel is projected to increase significantly, as leading market participants focus more on expanding online channels to improve sales. In 2016, Helix Healthstore and VitaMonk both released resveratrol-based supplements to sell through Amazon.com Inc.’s online channel.
Over the forecast period, demand for resveratrol supplements is projected to increase due to an ageing population and a higher burden of diseases such as cardiovascular disease, cancer, and diabetes. As per the United Nations projection, over 962 million individuals aged 60 and up lived in the world in 2017. The world’s elderly population is expected to reach 1.4 billion in 2030 and 2.1 billion in 2050.
Main points in Resveratrol Market Report Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Resveratrol Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Resveratrol Industry Impact
Chapter 2 Global Resveratrol Competition by Types, Applications, and Top Regions and Countries
2.1 Global Resveratrol (Volume and Value) by Type
2.3 Global Resveratrol (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Resveratrol Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Resveratrol Market Analysis
Chapter 6 East Asia Resveratrol Market Analysis
Chapter 7 Europe Resveratrol Market Analysis
Chapter 8 South Asia Resveratrol Market Analysis
Chapter 9 Southeast Asia Resveratrol Market Analysis
Chapter 10 Middle East Resveratrol Market Analysis
Chapter 11 Africa Resveratrol Market Analysis
Chapter 12 Oceania Resveratrol Market Analysis
Chapter 13 South America Resveratrol Market Analysis
Chapter 14 Company Profiles and Key Figures in Resveratrol Business
Chapter 15 Global Resveratrol Market Forecast (2021-2027)
Chapter 16 Conclusions
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