Global Catechin Market to Reach US$ 23.33 Mn by 2029 – FMI

 The global catechin market is projected to reach US$ 23.33 Mn by the end of 2029. The market was valued at US$ 16.28 Mn in 2019. If these figures hold true, the catechin market will exhibit a CAGR of little above 3.7%  between 2019 and 2029. Regionally, North America is expected dominate 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

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“Catechin finds application in a wide array of beverages. For instance, products such as green tea often contain catechin. Spurred by rising applications in diverse industries, the global catechin market will record steady growth in the coming years,” said a leading analyst at FMI.

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.

Competitive Landscape

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.

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Get Valuable Insights into Catechin Market

Future Market Insights, in its new report, presents an unbiased analysis of the global catechin market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights into growth witnessed in the market. In terms of application, nutraceutical, pharmaceutical, beverages, and mouth rinsing agents are key segments in the market. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.