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
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
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
Find your sweet spots for generating winning opportunities in this market.
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.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need and save 40%!
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 Used18. Research Methodology
