The North America Resveratrol Market would witness market growth of 7.1% CAGR during the forecast period (2021-2027).
Resveratrol is a kind of polyphenol that contains antioxidant properties. In addition, it also comprises anti-inflammatory properties and a combination of these properties helps in protecting against diseases such as Alzheimer’s disease, diabetes, cancer, and others. The anti-inflammatory properties of resveratrol have made it a medicine for skin inflammation and arthritis. In addition, it is also utilized in the treatment of obesity, cancer, hypertension, arthritis, cardiovascular diseases, and other diseases.
The prevalence of the high number of chronic diseases in the developed nations of the region like Canada and the US would accelerate the demand for resveratrol-based supplements in the region. In addition, the presence of key market players in this region is one of the major aspects fueling the growth of the regional resveratrol market. The COVID-19 pandemic has severely impacted the US, which has also motivated consumers to consume various natural and organic food products to boost their immunity and fight against various diseases. Due to these factors, the demand and growth of the regional resveratrol market would increase in the coming years.
The US market dominated the North America Resveratrol Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $27,956.3 Thousands by 2027. The Canada market is estimated to grow at a CAGR of 8.5% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 8.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Resveratrol Market is Estimated 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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