The Latin America, Middle East and Africa Resveratrol Market would witness market growth of 11.1% CAGR during the forecast period (2021-2027).
The growing prevalence of various diseases like cancer and diabetes, constant research to discover novel and effective disease preventive compounds have resulted in the discovery of plant derived compounds like resveratrol.
The rising awareness among consumers regarding the benefits offered by resveratrol is estimated to bolster the growth of the regional market over the forecast period. Resveratrol offers a wide range of benefits to the consumers due to its properties that help in curing various diseases, which makes it the best-suited option for supplement manufacturers to use in their products. Furthermore, the high demand for various organic and natural cosmetic products in this region would propel the growth of the regional resveratrol market in the coming years.
The Brazil market dominated the LAMEA Resveratrol Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3,721.2 Thousands by 2027. The Argentina market is estimated to grow a CAGR of 11.7% during (2021 - 2027). Additionally, The UAE market would showcase CAGR of 10.8% during (2021 - 2027).
Based on Product Type, the market is segmented into Natural Resveratrol and Synthetic Resveratrol. Based on Application, the market is segmented into Nutraceuticals, Pharmaceuticals, Cosmetics and Other Applications. Based on Form, the market is segmented into Liquid and Powder. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Resveratrol Market is Predict to reach $129.4 Million by 2027, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Koninklijke DSM N.V., Evolva Holding SA, Sabinsa Corporation, Lonza Group AG, Maypro, Laurus Labs Limited, JF Natural, Great Forest Biomedical Ltd. and Chengdu Yazhong Bio-pharmaceutical Co., Ltd.
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