Increased market releases and approvals of new resveratrol products are expected to drive growth in the global resveratrol market over the forecast period. VitaMonk, a natural goods manufacturer, for example, expanded its product line in 2016 with the addition of resveratrol and pterostilbene products. Resveratrol and pterostilbene are powerful antioxidants that work together to naturally boost the body's adenosine triphosphate production (ATP).
Furthermore, the aging population, cardiovascular diseases, cancer, diabetes, neurological disorders, and other ailments are expected to drive up demand for resveratrol-containing goods. For example, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) reported in 2016 that Asia Pacific accounted for over 60% of the world's senior population. Over 547 million people in Asia Pacific were anticipated to be over 60 in 2016, a figure that is likely to double to nearly 1.3 billion by 2050.
According to American Heart Association data from 2018, cardiovascular disease is the leading cause of death worldwide, accounting for more than 17.9 million deaths per year in 2015 and expected to grow to more than 23.6 million by 2030.
The global cosmetics industry is rapidly expanding and is expected to continue in the foreseeable future. This is due to the rising public interest in skincare. The application of resveratrol in the cosmetic industry is expected to enhance global resveratrol market growth over the forecast period. Several well-known firms have launched new skincare products including resveratrol as an active ingredient.