The Wine Extract market is experiencing robust growth, driven by increasing consumer awareness of its health benefits and unique flavor profiles. As a natural antioxidant, Wine Extract finds applications in the food, beverage, and pharmaceutical industries. With expanding research on its potential uses, the market is poised for continued expansion.
The wine extracts market is estimated at $43.6 million by 2022. According to the report, sales of wine extracts are expected to grow at a CAGR of 5.20% and reach an estimate of US$66.3 million in 2032.The increasing application of wine extract in cosmetics and dietary supplements is expected to increase the demand for wine extract and ultimately boost the growth of the global wine extract market. As we all know, red wine is an alcoholic beverage made by crushing different types of black and red grapes with the help of fermentation method.
Wine is a type of wine which is being extracted by crushing different varieties of black grapes and fermenting it. The color of Wine depends on the type of grape that are selected for crushing process, the color may range from intense violet color to brick red color. Due to antioxidant properties of Wine, it has been known for its benefits regarding resveratrol.
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Market Regional Outlook
Regional segment for the market of Wine Extract is divided into seven different regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, MEA and Japan. Among these segment North America is expected to have the major market share globally, as it is the largest producer and consumer of Wine Extract.
In Asia Pacific region the countries like China and Australia are generating the major revenue. In terms of revenue Latin America is the second prominent contributor in the Wine Extract market.
Market Drivers
The rise in demand for anti-ageing cream is expected to drive the growth of global Wine Extract market. Wine Extract is not only a rich source of resveratrol but it also exhibits some special properties such as Stimulates eNOS activity, Prevent clotting of blood, prevents the oxidation of LDL cholesterol and reduces the risk of Alzheimer’s disease.
It also helps in reducing obesity and slowing the rate of aging. These versatile properties of Wine Extract is attracting attract pharmaceutical segment as well, which will defiantly drive the Wine Extract market to a greater extent. Moreover, the market is also driven by the increasing awareness among the consumers about the health benefits associated with Wine Extract.
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Although Wine Extract has anti- cancer benefits, but research has found that it can promote breast cancer. Another worrying fact about Wine Extract is that it acts as an anti-coagulant, if a person takes prescribed blood thinner along with the Wine Extract he may lead to excessive bleeding. This property can actually be a restrain to the growing market of Wine Extract.
Market Key Players
Some of the key players in Wine Extract market areS EPPIC Inc., Hangzhou Greensky Biological Tech. Co., Ltd., Diana Naturals Inc., Xi’an Chinwon Biotech Inc., GRAP’SUD, Diana Naturals Inc, Ethical Naturals, Inc., and VDF/FutureCeuticals, Inc.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts and inputs from industry experts. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and regions.
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Market Segmentation
Wine Extract is segment on the basis of application, form and region.On the basis of application market is segmented into
- Food and Beverages
- Pharmaceuticals
- Cosmetic & Personal Care Products
On the basis of form, the market is segmented into
- Powder
- Capsule
- Liquid Wine
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