The wine extract market is estimated to reach USD 43.6 million in 2022. Based on the report, sales of wine extract are likely to rise at a CAGR of 5.20% to reach an evaluation of USD 66.3 million by 2032.
The growing application of wine extract in cosmetic and dietary supplements is anticipated to surge the demand for wine extract and ultimately promote the growth of the global wine extract market. As we all know, red wine is an alcoholic beverage that is produced by crushing several types of black and red grapes with the help of the fermentation method.
| Report Attribute | Details |
|---|---|
| Wine Extract Market Value (2022) | USD 43.6 Million |
| Wine Extract Market Anticipated Value (2032) | USD 66.3 Million |
| Wine Extract Projected Growth Rate (2022 to 2032) | 5.20% |
Red wine and wine extracts are known for several health benefits, such as protecting against many types of cancer, liver disease, and others. Therefore, considering the health benefits, the demand for wine extracts is said to rise in the future. Due to red wine's antioxidant properties, the global wine extract market is likely to gain momentum during the forecast period.
In a way, wine extracts can also be termed resveratrol. Resveratrol is a phytoalexin that is found in several types of plants. It is a flavanol that belongs to the group of flavonoids. In the case of grapes, resveratrol is found in the skin of the grapes and the leaves and stem of the plant. The natural and effective effects of resveratrol, found in wine extract, behave as an efficient defensive system for the body. Several market manufacturers are constantly investing strongly in research and development owing to the invention of health benefits linked with wine extract.
Wine extract is extensively used in cosmetics, pharmaceuticals, food and beverage, and dietary supplements. The sales of wine extracts are growing owing to their multiple applications across various industries.
Resveratrol is available in both powder and liquid form. In the end-user segment, wine extract is mostly used in powder form. In the past few years, wine extract has been used as an ingredient. It has gained popularity as it is used in anti-aging supplements, cosmetic products, medicines, and several other applications. Wine extracts have also benefited from cardiovascular diseases, and this is a key factor said to promote the growth of the wine extract market.
The cosmetic industry is experiencing strong demand and growth and is anticipated to boom in the future. This is because of rising awareness of skincare amongst the population. The application of wine extract in the cosmetic industry is projected to promote the global wine extract market during the forecast period. Several key market players introduced their new and latest skincare products that contain wine extract as an active ingredient.
The growing adoption of anti-aging creams owing to more population being conscious about their skincare is driving the demand for wine extract market across the globe. It has been concluded that wine extract is a rich source of resveratrol. It also portrays some exclusive properties like it stimulates eNOS activity, preventing the oxidation of LDL cholesterol, preventing blood clotting, and decreasing the risk of Alzheimer’s disease.
Besides slowing the rate of aging, wine extracts also assist with managing obesity. Wine extracts have versatile properties and are, therefore, likely to attract applications in the pharmaceutical segment as well. This is likely to promote the growth of the wine extract market rebelliously. Additionally, the market is boosted by the rising awareness amongst consumers about the health benefits linked with the wine extract.
The growing popularity of wine extract, along with increasing alcohol consumption, and the rising need for wine extract from the pharmaceutical industry, are two crucial drivers of the global wine extract market. The growing health-conscious population is one market trend supporting the demand for wine extracts. Growing disposable income in developing countries and the alarming use of wine extract in anti-aging creams is opening new opportunities for the market players in this segment.
Based on the form of wine extract, in 2020, the powder segment attributed for the biggest market share in the global wine extract market, and it is likely to maintain its market position during the forecast period. In the application segment, powdered wine extract is used as an active ingredient in several medicines, cosmetic products, anti-aging supplements, and several other applications. Nevertheless, liquid wine extract is anticipated to be the swiftest growing segment in terms of value sales over the forecast period.
Even though wine extracts have anti-cancer benefits, a few researchers have claimed that these extracts could promote breast cancer in extreme cases. Also, wine extract acts as an anti-coagulant, meaning that if an individual who is already on blood thinner medication consumes wine extracts, he/she could suffer from excessive bleeding in case of an injury. All these factors combined are likely to hinder the lucrative growth of the wine extract market. Also, one of the key market-challenging factors is the lack of awareness regarding the use of wine extracts among consumers.
North America is expected to have the major market share globally, as it is the largest producer and consumer of wine extract. This region is accountable for 35.60% market share globally. North America leads in the consumption of wine extracts owing to the growing availability in the form of supplements amongst consumers. This can be attributed to factors such as the growing prevalence of diseases like coronary heart disease, high cholesterol, high blood pressure, congestive heart failure, and atherosclerosis.
In North America, leading consumers of wine extracts in the form of resveratrol are in the United States. There is growing demand for dietary supplements in this country is driving the growth of the wine extracts market in this region. Moreover, the existence of some of the key market players is assisting in the extension of the market in the United States. Additionally, the growth strategies that these market players are adopting are said to help with the overall expansion.
The Europe region is the second-largest wine extract market after North America in the global wine extract market. Europe is accountable for 28.40% of the global market share. This is owing to the presence of several key market players and their strategic mergers and acquisitions to broaden its product portfolio with wine extract-infused products.
The growing demand for dietary supplements in countries like Germany is anticipated to propel the demand for wine extract in the Europe region. Furthermore, excessive spending of consumers on dietary supplements is anticipated to escalate the demand for wine extracts in the future.
With time business models evolve, sometimes because of changes in the market and many a time due to the invention of new technology. This leads to the emergence of new and exciting trends. FMI closely monitors the start-up ecosystem from around the globe and presents multiple interesting new pieces of information which gain popularity.
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In April 2021, the Beauty Co., a skincare and grooming brand, introduced its latest collection D’Wine. The collection has been formulated with an exclusive and rare combination of wine extracts and goodness berries. Their products are thoroughly crafted and thoughtfully made with love and dedication to suit every woman’s needs.
Some of the key players in the wine extract market are SEPPIC Inc. and Hangzhou Greensky Biological Tech. Co., Ltd., Diana Naturals Inc., Xi'an Chinwon Biotech Inc., GRAP'SUD, Diana Naturals Inc, Ethical Naturals, Inc., VDF/FutureCeuticals, Inc., and others.
Some Companies are focusing on innovations and advancements in wine extract to exploit maximum revenue potential in the global wine extract market. Market players have adopted strategies such as product approvals, product launches, market initiatives, and mergers and acquisitions.
In April 2022, Symrise announced the Diana food™ portfolio brand of natural health activities. Symrise has bolstered the company's position in the consumer health market. It has transposed the Diana food™ legacy health activities as a portfolio brand for consumer health products. The Diana food™ portfolio brand consists of a broad range of trusted and sustainable natural health ingredients.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.20% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Form, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | United States of America, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
| Key Companies Profiled | SEPPIC Inc.; Hangzhou Greensky Biological Tech. Co., Ltd.; Diana Naturals Inc.; Xi’an Chinwon Biotech Inc.; GRAP'SUD; Diana Naturals Inc; Ethical Naturals, Inc.; VDF/FutureCeuticals, Inc. |
| Customization | Available Upon Request |
The wine extract market is predicted to advance at a CAGR of 5.20% through 2032.
The North American region is anticipated to lead the wine extract market through 2032.
The wine extract market is likely to hold a valuation of USD 66.3 million by 2032.
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