Catechins Market by Source (Tea, Fruits, and Others), Type (Epigallocatechin (EGC), Epigallocatechin-3-Gallate (EGCG), and Others), and Application (Pharmaceuticals, Food & Beverages, Dietary Supplements, and Others): Global Opportunity Analysis and Industry Forecast 2021–2030
The global catechin market size was valued at $14,825.2 thousand in 2020, and is projected to reach $21,099.9 thousand by 2030, registering a CAGR of 3.8% from 2021 to 2030.
Catechin is a type of flavonoids that is abundantly extracted from green tea leaves. It is a specific group of molecules, which can be found in foods items such as tea, vegetables, beans, and fruits. It is used to fight against some of the infections, as it is antimicrobial agent.
The market for catechins is steadily growing, but slowly. Catechin sales have benefitted from the growth of the functional food and beverage around the world. The need for healthier foods that complement customer’s healthy lifestyles has increased as a result of the rise in incidence of cardiovascular diseases and the surge in prevalence of obesity and diabetes. The shift in customer behavior has been a key driver for the market expansion.
The COVID-19 outbreak has raised consumer awareness about the importance of healthy diet and supplements. Many dietary supplements and nutraceutical products consist of catechins, which help to build gut health. As a result, the catechin market was moderately affected due to pandemic.
Globally, consumers have become increasingly health-conscious. Their increased awareness is partly responsible for their surge in attention on having a fit and healthy lifestyle. Consumers can access information from all around the world via internet and other forms of media channels. This has made consumers more conscious of their personal lifestyle, which has a significant impact on the sales of catechin products.
The catechin market is segmented on the basis of source, type, application, and region. On the basis of source, the market is categorized into tea, fruits, and others. According to type, the catechin market is fragmented into Epigallocatechin (EGC), Epigallocatechin-3- Gallate (EGCG), and others. As per application, the market is divided into pharmaceuticals, food & beverages, dietary supplements, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, the Netherlands, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Argentina, Saudi Arabia, and the rest of LAMEA).
In Asia-Pacific, the catechin market demand is predicted to be high. China has emerged as the region’s major catechin producer and consumer. The catechin demand in Asia-Pacific is expected to be fueled by rise in disposable income in China, as well as increased consumer spending on functional foods & beverages. Furthermore, catechin demand is anticipated to continue to be high in Japan and India, boosting the market’s expansion in the region.
The catechin market is being driven by various factors such as shift in consumer demand toward natural &organic products and growth in demand for functional food & beverages. The major players that operate in the global catechin market are Arjuna Natural Extracts Ltd., BiosynthCarbosynth, Botaniex Inc., Cayman Chemical Company, Chengdu Wagott Bio-tech Co. Ltd, Hunan Sunfall Bio-tech Co. Ltd, Indena, INDOFINE Chemical Company Inc., Infré SA, and Taiyo International.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of current trends, estimations, and dynamics of the global catechins market from 2021 to 2030 to identify the prevailing market opportunities.
Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global industry. The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
The report includes analyses of the regional as well as global market, key players, market segments, application areas, and growth strategies.
KEY MARKET SEGMENTS
By Source
Tea
Fruits
Others
By Type
Epigallocatechin (EGC)
Epigallocatechin-3- Gallate (EGCG)
Others
By Application
Pharmaceuticals
Food & Beverages
Dietary Supplements
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Argentina
Saudi Arabia
Rest of LAMEA
List of Company Profiles
Arjuna Natural Extracts Ltd.
BiosynthCarbosynth
Botaniex Inc.
Cayman Chemical Company
Chengdu Wagott Bio-tech Co. Ltd
Hunan Sunfall Bio-tech Co. Ltd
Indena
INDOFINE Chemical Company Inc.
Infré SA
Taiyo International.
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