A Thorough Analysis of the Resveratrol Industry in Korea from 2023 to 2033

Demand for resveratrol in Korea is anticipated to exhibit a CAGR of 9.4% through 2033. Sales of resveratrol in Korea are expected to grow considerably, from US$ 2.25 million in 2023 to around US$ 5.52 million by 2033.

Key Insights for the Resveratrol Industry in Korea

  • Recognized for its anti-inflammatory and antioxidant characteristics, resveratrol has become a sought-after ingredient in cosmeceuticals.
  • Resveratrol's reputation as an anti-aging compound has fueled a surge in demand for products incorporating this powerful compound.
  • With an increasing understanding of the potential health benefits associated with resveratrol, consumers are actively seeking products containing it.
  • The booming eCommerce sector in Korea provides consumers with a convenient and accessible means of exploring and purchasing resveratrol products, thereby driving industry growth.
Attributes Key Statistics
Expected Base Year Value (2023) US$ 2.25 million
Anticipated Forecast Value (2033) US$ 5.52 million
Estimated Growth (2023 to 2033) 9.4% CAGR

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Consumption Analysis of the Resveratrol in Korea

  • Health-conscious individuals form one of the prime consumer groups in this industry. This group includes fitness enthusiasts, those on a weight-loss program, and athletes.
  • Elderly people in Korea also consume resveratrol due to its anti-aging properties and potential benefits for cardiovascular health. This demographic typically incorporates resveratrol products into their daily meals.
  • Individuals seeking skincare solutions with anti-inflammatory and antioxidant properties rely on products containing resveratrol. These skincare solutions help address various skin concerns and promote a healthy complexion.
  • Resveratrol has also found its place in functional foods and beverages. Consumers looking for products offering additional health benefits beyond basic nutrition consume resveratrol-infused functional foods and drinks.
  • On a significantly smaller scale, Korea's wine and grape industry also harnesses the potential of resveratrol, as it is naturally found in grapes.

Comparative View of Resveratrol in Key Markets

The table provides the differences in the resveratrol industry between Korea, Japan, and the global industry. There is also a mention of the estimated growth rates of the respective industries, their growth factors, and critical challenges in the forecast period of 2023 to 2033. It is evident that, compared with Japan and the rest of the world, the resveratrol industry is likely to touch the skies in Korea in the coming decade.

Demand for Resveratrol in Korea:

Attributes Demand for Resveratrol in Korea
CAGR (2023 to 2033) 9.4%
Valuation (2023) US$ 2.25 million
Growth Factor The growing awareness of resveratrol’s health benefits in the Korean general population
Key Challenge Resveratrol has relatively low bioavailability, meaning that the body absorbs and utilizes a limited amount of the compound

Demand for Resveratrol in Japan:

Attributes Demand for Resveratrol in Japan
CAGR (2023 to 2033) 8.4%
Valuation (2023) US$ 5.33 million
Growth Factor The aging population in the country has significantly contributed to the escalating demand, as they recognize its potential benefits for addressing age-related concerns
Key Challenge Ensuring the purity and quality of resveratrol products due to factors such as variations in raw material sources, extraction methods, etc.

Global Resveratrol Industry Analysis:

Attributes Global Resveratrol Industry Analysis
CAGR (2023 to 2033) 8%
Valuation (2023) US$ 123 million
Growth Factor The incorporation of resveratrol in the cosmeceuticals industry has sparked a global trend, with beauty and skincare enthusiasts driving the product demand
Key Challenge Addressing skepticism and building trust through transparent communication about scientific evidence and product quality
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Nandini Roy Choudhury

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Category-wise Insights

Natural Resveratrol Gains Popularity in the Korean General Population

In the last few years, there has been a considerable push toward natural and clean-labeled products not just in Korea but all over the world. Natural resveratrol is commonly found in certain foods, such as red grapes, berries, and peanuts, making it a perfect choice for consumers actively seeking nutrients and bioactive compounds directly from natural sources.

On the basis of product type, natural resveratrol dominates the Korean industry with a whopping share of 82.6%. The demand for natural resveratrol is also attributed to a broader cultural shift towards sustainability and environmental consciousness. The Korean population is becoming increasingly aware of the environmental consequences of synthetic resveratrol production, making natural resveratrol an ideal choice.

Attributes Details
Product Type Natural
Value Share in 2023 82.60%

Solid Resveratrol to Become Korean People's Go-to Dietary Supplement

The Korean population is rapidly embracing resveratrol as a dietary supplement. As a stable and concentrated form of resveratrol, solid supplements offer convenience and ease of integration into daily routines. Unlike liquid or raw dietary sources, solid resveratrol allows for precise dosage control, ensuring individuals can easily incorporate the recommended amount into their dietary regimens.

On the basis of form, solid resveratrol dominates the Korean industry, with a remarkable share of 84.90%. The demand for solid resveratrol is also skyrocketing as it addresses concerns related to bioavailability, a common challenge associated with the compound. This improved bioavailability ensures that individuals can harness the full potential of resveratrol's health benefits.

Attributes Details
Form Solid
Value Share in 2023 84.90%

Competitive Landscape

Post-pandemic, there has been an exponential rise in the Korean nutraceuticals and cosmeceutical industry, ultimately positively impacting the resveratrol industry. It is observed that there has been a substantial influx of foreign companies into the country. Industry giants from Korea already have a strong foothold, making it challenging for small companies to sustain themselves. Despite this, they continue to come up with new innovations in the industry.

Recent Developments in the Resveratrol Industry in Korea

  • In 2023, CJ Cheiljedang recently launched two new plant-based Bibigo dumplings featuring Japchae (stir-fried glass noodles with plant-based beef and vegetables) and Green Chili varieties, meeting the increasing demand for plant-based options in these markets.
  • In August 2023, Cosmax Inc., South Korea's largest cosmetics maker, opened Asia's largest cosmetics plant in China. The company is set to enter the color makeup market in collaboration with Chinese beauty leader Yatsen Holding Ltd.
  • Korea's key resveratrol provider, Celltrion, signed a joint research deal with Cyron Therapeutics for the development of cancer drugs using multi-antibodies.

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Some of the Key Players Offering Resveratrol in Korea

  • Dong-A Pharmaceutical Co., Ltd.
  • CJ CheilJedang Corporation
  • Wellvita Co., Ltd.
  • Cosmax Co., Ltd.
  • Celltrion Inc.
  • Kolon Life Sciences Co., Ltd.
  • Green Cross Pharma Co., Ltd.
  • LG Chem Life Sciences Co., Ltd.
  • Samsung Fine Chemicals Co., Ltd.
  • Hanmi Pharmaceutical Co., Ltd.

Scope of the Report

Attribute Details
Estimated Valuation (2023) US$ 2.25 million
Projected Valuation (2033) US$ 5.52 million
Anticipated CAGR (2023 to 2033) 9.4% CAGR
Historical Analysis of the Resveratrol in Korea 2018 to 2022
Demand Forecast for Resveratrol in Korea 2023 to 2033
Quantitative Units Revenue in US$ million and CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Key Companies Profiled Dong-A Pharmaceutical Co., Ltd.; CJ CheilJedang Corporation; Wellvita Co., Ltd.; Cosmax Co., Ltd.; Celltrion Inc.; Kolon Life Sciences Co., Ltd.; Green Cross Pharma Co., Ltd.; LG Chem Life Sciences Co., Ltd.; Samsung Fine Chemicals Co., Ltd.; Hanmi Pharmaceutical Co., Ltd.

Segments Covered in Resveratrol Industry Analysis

By Product:

  • Natural
  • Extract
  • Fermentation
  • Synthetic

By Form:

  • Solid
  • Powder
  • Liquid

By Isomer:

  • Trans-Resveratrol
  • Cis-Resveratrol

By End Use:

  • Skin Care
    • Cream & Lotion
    • Scrub Exfoliator
    • Cleanser & Toner
    • Balm & Butter
    • Serum & Mask
    • Makeup Remover
    • Others
  • Hair Care
    • Shampoo
    • Conditioner
    • Essential Oil
    • Hair Color
    • Hair Stylist Products
    • Hair Oil
  • Makeup
    • Facial Makeup
    • Eye Makeup
    • Lip Makeup
    • Nail Makeup
  • Bath Care
    • Shower Products
    • Liquid Bath Products
    • Bath Additives
    • Bar Soaps
  • Fragrance
    • Perfume
    • Deodorant
    • Cologne
  • Tools
  • Dietary Supplements
  • Pharmaceuticals
  • Others

By Province:

  • South Gyeongsang
  • North Jeolla
  • South Jeolla
  • Jeju

Frequently Asked Questions

At What Rate is the Demand for Resveratrol in Korea Growing?

The anticipated CAGR for the Korea resveratrol industry through 2033 is 9.4%.

How Big will the Resveratrol Landscape be in Korea?

The resveratrol industry in Korea is likely to reach US$ 5.52 million by 2033.

Which is the Preferred Form for Resveratrol in Korea?

Solid resveratrol is the most preferred form of resveratrol in Korea, with an industry share of 84.90%.

Which is the most Common Type for Resveratrol in Korea?

In Korea, natural resveratrol dominates the industry, with a share of 82.60%.

Who are the Leading Industry Players of Resveratrol in Korea?

Dong-A Pharmaceutical Co., Ltd., CJ CheilJedang Corporation, Wellvita Co., Ltd., Cosmax Co., Ltd, are some of the leading players in this industry.

Table of Content
1. Executive Summary

    1.1. Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product, 2023 to 2033

        5.3.1. Extract

        5.3.2. Fermentation

        5.3.3. Synthetic

    5.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033

6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Form

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2023 to 2033

        6.3.1. Powder

        6.3.2. Liquid

    6.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033

7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Isomer

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Isomer, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Isomer, 2023 to 2033

        7.3.1. Trans-

        7.3.2. Cis-

    7.4. Y-o-Y Growth Trend Analysis By Isomer, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Isomer, 2023 to 2033

8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2018 to 2022

    8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Use, 2023 to 2033

        8.3.1. Skin Care

            8.3.1.1. Cream & Lotion

            8.3.1.2. Scrub Exfoliator

            8.3.1.3. Cleanser & Toner

            8.3.1.4. Balm & Butter

            8.3.1.5. Serum & Mask

            8.3.1.6. Makeup Remover

            8.3.1.7. Others

        8.3.2. Hair Care

            8.3.2.1. Shampoo

            8.3.2.2. Conditioner

            8.3.2.3. Essential Oil

            8.3.2.4. Hair Colour

            8.3.2.5. Hair Stylist Products

            8.3.2.6. Hair Oil

        8.3.3. Makeup

            8.3.3.1. Facial Makeup

            8.3.3.2. Eye Makeup

            8.3.3.3. Lip Makeup

            8.3.3.4. Nail Makeup

        8.3.4. Bath Care

            8.3.4.1. Shower Products

            8.3.4.2. Liquid Bath Products

            8.3.4.3. Bath Additives

            8.3.4.4. Bar Soaps

        8.3.5. Fragrance

            8.3.5.1. Perfume

            8.3.5.2. Deodorant

            8.3.5.3. Cologne

        8.3.6. Tools

        8.3.7. Dietary Supplements

        8.3.8. Pharmaceuticals

        8.3.9. Others

    8.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022

    8.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033

9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region

    9.1. Introduction

    9.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022

    9.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033

        9.3.1. South Gyeongsang

        9.3.2. North Jeolla

        9.3.3. South Jeolla

        9.3.4. Jeju

        9.3.5. Rest of Korea

    9.4. Market Attractiveness Analysis By Region

10. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

    10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Product

        10.2.2. By Form

        10.2.3. By Isomer

        10.2.4. By End Use

    10.3. Market Attractiveness Analysis

        10.3.1. By Product

        10.3.2. By Form

        10.3.3. By Isomer

        10.3.4. By End Use

    10.4. Key Takeaways

11. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

    11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Product

        11.2.2. By Form

        11.2.3. By Isomer

        11.2.4. By End Use

    11.3. Market Attractiveness Analysis

        11.3.1. By Product

        11.3.2. By Form

        11.3.3. By Isomer

        11.3.4. By End Use

    11.4. Key Takeaways

12. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

    12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Product

        12.2.2. By Form

        12.2.3. By Isomer

        12.2.4. By End Use

    12.3. Market Attractiveness Analysis

        12.3.1. By Product

        12.3.2. By Form

        12.3.3. By Isomer

        12.3.4. By End Use

    12.4. Key Takeaways

13. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

    13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Product

        13.2.2. By Form

        13.2.3. By Isomer

        13.2.4. By End Use

    13.3. Market Attractiveness Analysis

        13.3.1. By Product

        13.3.2. By Form

        13.3.3. By Isomer

        13.3.4. By End Use

    13.4. Key Takeaways

14. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033

    14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Product

        14.2.2. By Form

        14.2.3. By Isomer

        14.2.4. By End Use

    14.3. Market Attractiveness Analysis

        14.3.1. By Product

        14.3.2. By Form

        14.3.3. By Isomer

        14.3.4. By End Use

    14.4. Key Takeaways

15. Market Structure Analysis

    15.1. Competition Dashboard

    15.2. Competition Benchmarking

    15.3. Market Share Analysis of Top Players

        15.3.1. By Regional

        15.3.2. By Product

        15.3.3. By Form

        15.3.4. By Isomer

        15.3.5. By End Use

16. Competition Analysis

    16.1. Competition Deep Dive

        16.1.1. ILDONG Pharmaceutical

            16.1.1.1. Overview

            16.1.1.2. Product Portfolio

            16.1.1.3. Profitability by Market Segments

            16.1.1.4. Sales Footprint

            16.1.1.5. Strategy Overview

                16.1.1.5.1. Marketing Strategy

                16.1.1.5.2. Product Strategy

                16.1.1.5.3. Channel Strategy

        16.1.2. DSM Nutritionals

            16.1.2.1. Overview

            16.1.2.2. Product Portfolio

            16.1.2.3. Profitability by Market Segments

            16.1.2.4. Sales Footprint

            16.1.2.5. Strategy Overview

                16.1.2.5.1. Marketing Strategy

                16.1.2.5.2. Product Strategy

                16.1.2.5.3. Channel Strategy

        16.1.3. Evolva

            16.1.3.1. Overview

            16.1.3.2. Product Portfolio

            16.1.3.3. Profitability by Market Segments

            16.1.3.4. Sales Footprint

            16.1.3.5. Strategy Overview

                16.1.3.5.1. Marketing Strategy

                16.1.3.5.2. Product Strategy

                16.1.3.5.3. Channel Strategy

        16.1.4. Endurance Product Company

            16.1.4.1. Overview

            16.1.4.2. Product Portfolio

            16.1.4.3. Profitability by Market Segments

            16.1.4.4. Sales Footprint

            16.1.4.5. Strategy Overview

                16.1.4.5.1. Marketing Strategy

                16.1.4.5.2. Product Strategy

                16.1.4.5.3. Channel Strategy

        16.1.5. Great Forest Biomedical

            16.1.5.1. Overview

            16.1.5.2. Product Portfolio

            16.1.5.3. Profitability by Market Segments

            16.1.5.4. Sales Footprint

            16.1.5.5. Strategy Overview

                16.1.5.5.1. Marketing Strategy

                16.1.5.5.2. Product Strategy

                16.1.5.5.3. Channel Strategy

        16.1.6. Laurus Labs Limited

            16.1.6.1. Overview

            16.1.6.2. Product Portfolio

            16.1.6.3. Profitability by Market Segments

            16.1.6.4. Sales Footprint

            16.1.6.5. Strategy Overview

                16.1.6.5.1. Marketing Strategy

                16.1.6.5.2. Product Strategy

                16.1.6.5.3. Channel Strategy

        16.1.7. JF-NATURAL

            16.1.7.1. Overview

            16.1.7.2. Product Portfolio

            16.1.7.3. Profitability by Market Segments

            16.1.7.4. Sales Footprint

            16.1.7.5. Strategy Overview

                16.1.7.5.1. Marketing Strategy

                16.1.7.5.2. Product Strategy

                16.1.7.5.3. Channel Strategy

        16.1.8. Sabinsa Corporation

            16.1.8.1. Overview

            16.1.8.2. Product Portfolio

            16.1.8.3. Profitability by Market Segments

            16.1.8.4. Sales Footprint

            16.1.8.5. Strategy Overview

                16.1.8.5.1. Marketing Strategy

                16.1.8.5.2. Product Strategy

                16.1.8.5.3. Channel Strategy

        16.1.9. Resvitale LLC

            16.1.9.1. Overview

            16.1.9.2. Product Portfolio

            16.1.9.3. Profitability by Market Segments

            16.1.9.4. Sales Footprint

            16.1.9.5. Strategy Overview

                16.1.9.5.1. Marketing Strategy

                16.1.9.5.2. Product Strategy

                16.1.9.5.3. Channel Strategy

        16.1.10. Shanghai Natural Bio-engineering Co., Ltd.

            16.1.10.1. Overview

            16.1.10.2. Product Portfolio

            16.1.10.3. Profitability by Market Segments

            16.1.10.4. Sales Footprint

            16.1.10.5. Strategy Overview

                16.1.10.5.1. Marketing Strategy

                16.1.10.5.2. Product Strategy

                16.1.10.5.3. Channel Strategy

17. Assumptions & Acronyms Used

18. Research Methodology
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