Resveratrol Supplements Market outlook

The latest advancements in food and nutrition industry have shifted the consumer preferences towards high nutritional value food products. In addition to the natural antioxidant defense mechanism, consumers are adding antioxidants through external sources to quench free radicals and reactive oxygen species which are produced in the body. Resveratrol is a nutraceutical supplement, which has gained recognition among the millennial owing to its multiple health benefits. In the global nutraceutical market, the demand for resveratrol supplement is increasing at healthy growth rate attributing to its benefits in cancer, neurological disorders, cardiovascular diseases, diabetes, non-alcoholic fatty liver disease (NAFLD), and obesity. The increasing geriatric population over the globe has subsequently fuelled the demand for nutraceutical. According to data published by United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), Asia Pacific constitutes 60% of world geriatric population and will increase over the years and expected to reach 1.3 Bn in 2050, which is creating enough space for the growth of resveratrol market in coming future. In the global resveratrol market, the Asia Pacific and North America hold the major share in production and consumption of resveratrol supplements owing to the presence of major players in the region which has generated enough awareness among the population about the health benefits of the resveratrol supplements. Promotional strategies and their attractive marketing strategies are also helping to gain the traction of the customers in the region.

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Rising Demand for Resveratrol Supplements among Geriatric Population

In the global nutraceutical supplements market, resveratrol supplement has become popular among the geriatric and fitness enthusiasts due to its high anti-antioxidant content and phenolic functions. Anti-oxidants are the compounds which neutralize free radicals, such as reactive oxygen species and initiate the production of inflammatory mediators that in turn lead to oxidative stress and cell damage. In addition, increasing health issues such as cardiovascular diseases has led to thinking for the consumption of nutraceutical among the population. According to data published by American Heart Association statistics 2018, cardiovascular diseases are the major cause of death and accounted 17.9 million deaths in 2018 and it has been forecasted that it will reach to 23.6 million by 2030. The increasing health issues at an alarming rate has put a deep impact on consumers to take preventive measures. To cater to the demand of customers, manufacturers are focusing on healthy product launches in the global food and beverage market, which has created tough competition among the nutraceutical manufacturers than ever before. To gain the traction of their customers, there are frequent product launches, such as Vitamonk LLC has launched its new product based on resveratrol and pterostilbene products.  With the increasing demand for resveratrol supplements among the population, it can be anticipated that the demand for resveratrol supplement will increase over the forecast period.

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Global Resveratrol Supplements Market: Segmentation

On the basis of product type, global resveratrol supplements can be segmented as:-

  • Natural Resveratrol
    • Fruit Extracted
    • Knotweed Extracted
  • Synthetic Resveratrol

On the basis of form, global resveratrol supplements market can be segmented as:-

  • Solid
  • Liquid

On the basis of end use, global resveratrol supplements market can be segmented as-

  • Dietary Supplements
  • Pharmaceutical Products
  • Personal Care Products
  • Others

Global Resveratrol Supplements: Key Players

Some the key players operating their business in the global resveratrol supplements market are Endurance Product Company, MAYPRO Industries, Sabinsa Corporation, Chengdu Yazhong Bio-Pharmaceutical Co., Ltd., Chongqing Kerui Nanhai Pharmaceutical Co., ltd Interhealth, Great Forest Biomedical, Laurus Labs Limited, JF-NATURAL, Evolva, Shanghai Natural Bio-engineering Co., Ltd., Resvitale LLC. and others.

Opportunities for Market Participants:

The increasing trend of consuming nutraceuticals and dietary supplements among the population has significantly escalated the demand for resveratrol supplements in the global nutraceutical market. Owing to the antioxidant property of the resveratrol, the demand for resveratrol has increased among the geriatric population. On the other hand, it can also be used in various cosmetics consist of anti-aging properties. With the increasing demand for resveratrol among customers, many manufacturers are showing their keen interest to bring resveratrol supplements in their product line.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Resveratrol Supplements Market

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