Global Red Wine Extract Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

Global Red Wine Extract Market: Overview

“The global Red Wine Extract Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Red wine is an alcoholic beverage which is produced by crushing varieties of black grapes using the fermentation process. The color of the wine depends on the type of grape used for making wine. Red wine if known for various health benefits such as consumption of wine can prevent liver disease, protects against various types of cancer, among others.

Global Red Wine Extract Market: Dynamics

Increasing popularity of red wine extract, coupled with rising alcohol consumption among population in developed economies are key factors projected to drive growth of the global market. Rising demand for anti-ageing cream, which helps in slowing rate of aging and reduce obesity is expected to drive the growth of global red wine extract market.

Red wine extract is a rich source of resveratrol, which exhibits some properties including prevent clotting of blood, stimulates eNOS activity, reduces risk of Alzheimer’s disease and prevents oxidation of LDL cholesterol and is expected to fuel growth of the target market over the forecast period. In addition, rising demand for red wine extract from the pharmaceutical sector is a factor projected to support revenue growth of the global market.

Moreover, increasing health awareness among consumers, increasing disposable income of individuals and changing consumption patterns are factors expected to fuel growth of the target market over the forecast period.

Global Red Wine Extract Market: Segment Analysis

Among the form segments, the capsule segment is expected to account for a significant revenue share in the global market. Rising consumer preference for capsule owing to various health benefits which includes antioxidant properties, anti-inflammatory properties, ability to maintain required platelet count is estimated to support growth of the segment.

Among the application segments, the food & beverages segment is projected to register a considerable growth rate in the red wine extract market in the next few years. Increasing demand for red wine extract owing to health benefits offered, and easy availability of products to consumer in developing and developed countries is projected to drive growth of the segment.

Global Red Wine Extract Market: Region Analysis

North America red wine extract market is projected to account for major share in terms of revenue during the forecast period.  Increasing consumption of red wine extract and presence major red wine production in countries such as the US and Canada are propelling growth of the global market in North America region.

Asia Pacific market is estimated to witness fastest growth especially in emerging economies in the near future, owing to increasing number of red wine extract manufacturers in this region and rapidly growing E-commerce and retail sectors in terms of red wine market. The Latin America market is projected to register steady growth in the global market during the forecast period, owing to growing preference for alcoholic beverages in this region.

Global Red Wine Extract Market Segmentation:

Segmentation by form:

• Powder
• Capsule
• Liquid

Segmentation by application:

• Food & Beverages
• Pharmaceuticals
• Cosmetic & personal care products

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa