The global catechin market size is expected to reach US$ 19.7 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 3.1% CAGR between 2019 and 2029. According to the report, the rising demand for functional beverages will stoke growth in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
Growth witnessed in the region to an extent is attributable to the U.S., which is also the largest market for catechin in North America. The region is expected to offer steady growth opportunities to the catechin market through the forecast period. The rising demand for healthy food and dietary supplements will aid the market’s expansion
Catechin market is steadily increasing, albeit at a moderate pace. The expansion of the functional beverages market gives tailwinds to catechin sales across the world. As a result of the rising incidence of cardiovascular ailments and the increasing prevalence of obesity, the demand for healthier foods that complement consumers’ healthy lifestyle has increased. This change in consumer lifestyle has been a crucial factor encouraging market growth.
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It includes in-depth insights into the catechin market. Some of these are:
- The estimated value of the market was at US$ 14.5 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- The U.S. emerged as a key market for catechin in North America.
- China Emerged as the leading producer and consumer of catechin pushing market in Asia Pacific.
- India and Japan expected to show steady demand for catechin through the forecast period.
- Key players are likely to focus on product innovations to stay relevant in developed markets.
Rising Demand for Functional Beverages Creates Opportunity for Expansion
People around the world have become increasingly conscious about their health. The rising incidence of cardiovascular disease and the high prevalence of obesity are two primary factors causing the shift in consumer preference. This, coupled with the rising awareness the benefits of functional beverages, stokes growth opportunities for catechin producers. In addition to this, the market is expected to gain considerably from the increasing application in nutraceutical and pharmaceutical segments. Several catechin-based products are approved by FDA as prescription drugs. For instance, topical gels used in the treatment of external and perianal warts often contain catechin.
Who is Winning?
Some of the leading players operating in the catechin market are (Taiyo Green Power Co., Ltd., Koninklijke DSM N.V., TEAREVO, Hunan Sunfull Bio-tech Co., Ltd., Infré SA, Hunan NutraMax Inc., Guangdong Yilong Industry Group Co., Ltd., Hangzhou Qinyuan Natural Plant High-tech Co., Ltd., Shanghai Novanat Bioresources Co., Ltd., Chengdu Wagott Bio-tech Co., Ltd. and others.
As a result of increasing competition, catechin manufacturers are focusing on expanding their product portfolio and integrating the value chain. These companies are particularly focusing on catering to changing consumer preference across various applications.
Market Segmentation
The global Catechin market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Application
- Nutraceuticals
- Beverages
- Pharmaceuticals
- Mouth Rinsing Agents
- Other Applications
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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FREQUENTLY ASKED QUESTIONS ABOUT CATECHIN MARKET
What drives the global catechin market?
The rising demand for functional food and beverages among consumers will boost catechin sales. This change is brought about by their increasing focus on health and fitness.
Which factors put catechin market at risk?
Lack of awareness about benefits of functional food among consumers from lower-middle income group negatively impacts catechin market, especially in developing countries.
Which countries will lead the global sales of catechin?
China is the leading producer and consumer of catechin in the world. Besides this, India and Japan exhibit high demand for the product. In North America, the U.S. has emerged as a lucrative market for catechin.
Which application segments offer most lucrative growth opportunities?
The demand for catechin is considerably high in nutraceutical, beverages, and pharmaceutical industries.
What is the chief growth strategy adopted by leading players in catechin market?
Leading players in the market are focusing on gaining competitive edge through integrating the value chain. Besides this, they are investing in increasing their product offerings to stay relevant in the market.
About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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