The global wine extract market was valued at US$ 43.6 million in 2022 and is projected to reach US$ 66.3 million by 2032, growing at a CAGR of 5.2% from 2022 to 2032.
Wine extracts offer numerous health benefits, with red wine being recognized for its antioxidant properties. These extracts, often referred to as ‘resveratrol’, are phytoalexins found in various plants, particularly in the skin, stem, and leaves of grapes. Resveratrol, a type of flavonol within the flavonoid group, contributes to the body’s robust defense system, making wine extracts highly beneficial for health.
The primary end-users of wine extracts include the pharmaceutical, cosmetic, dietary supplement, and food & beverage industries. The diverse applications of wine extracts in these sectors are expected to drive significant market growth in the coming years.
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Wine Extracts in Cosmetics: A Double-Edged Sword for Anti-Aging?
The cosmetics industry is experiencing a boom in demand for wine extract-based skincare products, fueled by growing consumer awareness about skincare. Major players are introducing innovative products featuring wine extract as a key ingredient. This trend coincides with the rising popularity of anti-aging creams as people become more conscious of their skin health.
Promising Potential: Research suggests that wine extracts possess unique properties:
- Stimulating eNOS activity: This may help prevent blood clotting, LDL cholesterol oxidation, and potentially reduce the risk of Alzheimer’s disease.
- Weight management: Wine extracts might also play a role in controlling obesity.
“With realization of the fact that wine extracts are used to render protection against several kinds of cancer, liver-related ailments, and likewise, the global wine extract market is likely to flourish in the upcoming period”, says an analyst from Future Market Insights.
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Key Takeaways from Wine Extract Market
- Wine is amongst an indispensable part of the European cultures and this trend is ongoing. The working class are there to include wine in diet, occasional drinks, and house parties. As per the European Association of Wine Economists and the Chaire Vins et Spiritueux de INSEECU dated May 2020, frequency of wine consumption has increased on significant counts in Spain in particular. Coming to retail, consolidation is seen in supermarkets as well as restaurants. Smaller brands tend to have a tough time in gaining placement on shelves and also on wine lists. As a result, supermarkets do account for a notable market share.
- North America and the Asia-Pacific are expected to witness steadiness in the wine extract market in the near future.
Competitive Extract
- Symrise, in April 2022, did announce launching Diana food portfolio brand related to natural health actives. This portfolio comprises a wide range of sustainable and trusted natural health ingredients.
- Constellation Brands, in July 2020, did acquire Empathy Wines (a direct-to-consumer wine brand) with the objective of winning the space on the digital shelves. Sovos ShipCompliant, an alcohol beverage compliance firm, has mentioned that 6.6 Billion cases were sold on direct basis to the consumers in the year 2019.
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Key Segments of the Wine extract Market
By Form:
Powder
Capsule
Liquid
By Application:
Food & Beverages
Pharmaceuticals
Cosmetic & Personal Care Products
Dietary Supplements
Others
By Region:
North America
Latin America
Asia Pacific
Middle East and Africa (MEA)
Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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