According to the report published by Allied Market Research, the global Catechin Market generated $14.82 million in 2020, and is estimated to reach $21.09 million by 2030, witnessing a CAGR of 3.8% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
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Increase in demand for natural and organic products, surge in health awareness, and rise in prevalence of obesity and diabetes drive the growth of the global catechin market. However, lack of consumer awareness and high capital cost for extraction process restrain the market growth. On the other hand, surge in demand for functional food & beverages and widening application scope create new opportunities in the coming years.
Regional Analysis:
Based on region, North America contributed to the largest share in 2020, accounting for around one-third of the total market share, and is projected to continue its dominance by 2030. However, Asia-Pacific is expected to portray the largest CAGR of 4.3% during the forecast period.
Key Players Are:
The key players in the global catechin market include Arjuna Natural Extracts Ltd., Biosynth Carbosynth, 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.
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Catechins are used to improve immunity, feminine health, oral health, skin health, weight control, diabetes, cognitive health, sport endurance, and cardiovascular health, in addition to digestive health. It has proven to be one of the most adaptable ingredients.
Key findings of the study
- The global catechin market 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.
- By region, North America was the highest contributor with $715.8 thousand in 2020, and is anticipated to reach $963.1 thousand by 2030, registering a CAGR of 3.2%.
- By source, the tea segment was the highest contributor to the market, with $10,583.1 thousand in 2020, and is estimated to reach $14,790.0 thousand by 2030, at a CAGR of 3.6% during the forecast period.
- By type, the epigallocatechin-3-gallate (EGCG) segment was the highest contributor to the market, with $9,042.9 thousand in 2020, and is estimated to reach $12,687.7 thousand by 2030, at a CAGR of 3.6% during the forecast period.
- By application, the pharmaceuticals segment was the highest contributor to the market, with $5,871.8 thousand in 2020, and is estimated to reach $8,157.9 thousand by 2030, at a CAGR of 3.6% during the forecast period.
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The demand for potential protein substitutes for traditional protein sources has increased as the number of cases of protein malnutrition has surged. As a result of this requirement, catechin extraction from sustainable protein sources arose. Protein deficiency can result in health issues such as diabetes and cancer. Catechin consumption may reduce the risk of chronic non-communicable diseases. These factors boost catechin product sales, which are expected to aid the global catechin market growth.
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