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
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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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% |
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% |
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
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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. |
The anticipated CAGR for the Korea resveratrol industry through 2033 is 9.4%.
The resveratrol industry in Korea is likely to reach US$ 5.52 million by 2033.
Solid resveratrol is the most preferred form of resveratrol in Korea, with an industry share of 84.90%.
In Korea, natural resveratrol dominates the industry, with a share of 82.60%.
Dong-A Pharmaceutical Co., Ltd., CJ CheilJedang Corporation, Wellvita Co., Ltd., Cosmax Co., Ltd, are some of the leading players in this industry.
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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