Consumption of resveratrol in Western Europe is estimated to expand at a healthy CAGR of 7.2% through 2033. Sales of resveratrol in Western Europe are expected to reach a valuation of USD 58.15 million by 2033, up from USD 28.91 million in 2023.
A greater focus on ingredients having sustainable supply chains is projected to influence the production process of resveratrol. Further, leading manufacturers in Western Europe are projected to invest in latest technologies to boost compatibility of resveratrol with different skin care formulations. With expanding adoption of resveratrol among end users, supply of resveratrol is projected to consistently rise in Western Europe.
| Attributes | Details |
|---|---|
| Industry Size of Resveratrol in Western Europe in 2023 | USD 28.91 million |
| Expected Industry Size of Resveratrol in Western Europe by 2033 | USD 58.15 million |
| Forecast CAGR between 2023 to 2033 | 7.2% |
Top Trends Positively Influencing the Sales of Resveratrol in Western Europe
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| Leading Product Type | Natural |
|---|---|
| Value Share % (2023) | 84.6% |
The natural segment gained a value share of 84.6% in 2023. This segment is projected to observe prominent growth as consumers are showing an inclination toward clean-label and sustainable options. High potency of plant-based resveratrol due to a higher concentration of the element is projected to boost its uptake among the population of Western Europe.
| Leading Form | Solid |
|---|---|
| Value Share % (2023) | 84.3% |
The solid segment accounted for a value share of 84.3% in 2023. Consumption of solid resveratrol is rising due to its affordable pricing. This is because solid versions, like capsules and tablets, require less packaging and are more concentrated than their liquid or powder counterparts. Moreover, solid resveratrol is more convenient and portable than liquid or powder, adding to its attractiveness among end users.
| Country | The United Kingdom |
|---|---|
| Forecast CAGR % (2023 to 2033) | 6.5% |
As per the recent research by our analysts, the industry in the United Kingdom is anticipated to consume resveratrol at a 6.5% CAGR through 2033. Factors fueling industry growth are as follows:
| Country | Germany |
|---|---|
| Forecast CAGR % (2023 to 2033) | 6.1% |
Our analysts and experts have estimated resveratrol industry in Germany to expand at a CAGR of 6.1% through 2033. Leading forces that are shaping industry dynamics are as follows:
| Country | France |
|---|---|
| Forecast CAGR % (2023 to 2033) | 6.9% |
Appetite for resveratrol in France is set to expand at a CAGR of 6.9% through 2033. Mentioned below are the top factors that are contributing to industry growth:
| Country | The Netherlands |
|---|---|
| Forecast CAGR % (2023 to 2033) | 8.1% |
The Netherlands is projected to emerge as a significant marketplace for resveratrol. As per recent analysis, the country is set to expand at a CAGR of 8.1% through 2033. Key factors that are contributing to increasing sales of resveratrol are as follows:
| Country | Italy |
|---|---|
| Forecast CAGR % (2023 to 2033) | 7.4% |
Demand for resveratrol in Italy is projected to pace at a CAGR of 7.4% through 2033. Factors that are contributing to industry growth are listed below:
Key players offering resveratrol in Western Europe are allocating a portion of their revenues to research and development activities aimed at expanding the product portfolio and improving existing products. This tactic is predicted to broaden the product applications. Additionally, players are focusing on obtaining product approvals and patents to gain consumer confidence. Industry participants are promoting their products and building relationships by participating in event programs.
Recent Occurrences Shaping the Resveratrol Industry in Western Europe
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | USD 28.91 million |
| Projected Industry Size by 2033 | USD 58.15 million |
| Anticipated CAGR between 2023 to 2033 | 7.2% CAGR |
| Historical Analysis of Demand for Resveratrol in Western Europe | 2018 to 2022 |
| Demand Forecast for Resveratrol in Western Europe | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Analysis of Key Factors Influencing the Demand for Resveratrol in Western Europe, Insights on Western Europe Players and their Industry Strategy in Western Europe, Ecosystem Analysis of Local and Regional Western Europe Providers |
| Key Companies Profiled for Resveratrol in Western Europe | Vertellis; DSM; Evonik; Lonza; Naturex; Others |
The anticipated CAGR through 2033 is 7.2%.
Demand for resveratrol in Western Europe is expected to be USD 58.15 million by 2033.
New product releases are expected to be a default tactic.
Extract is extensively purchased by end users.
Solid form takes a considerable share of the resveratrol industry.
| Estimated Market Size (2024E) | USD 129 million |
|---|---|
| Projected Market Value (2034F) | USD 356.4 million |
| Value-based CAGR (2024 to 2034) | 10.7% |
| Expected Market Value (2023) | USD 177.96 million |
|---|---|
| Projected Forecast Value (2033) | USD 391.37 million |
| Anticipated CAGR (2023 to 2033) | 8% |
| Market Valuation (2023) | USD 43 million |
|---|---|
| Market Valuation (2033) | USD 73.7 million |
| Market CAGR (2023 to 2033) | 6% |
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Resveratrol Industry Analysis in Western Europe
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