Catechin Market Size, Strategies and Opportunities Forecast 2022-28

According to Precision Business Insights (PBI), the latest report, the catechin market size is expected to be valued at USD 16.9 million in 2022, growing at a 3.6% CAGR from 2022 to 2028. The primary driver of the expansion of the global Catechin market are growing health consciousness among peoples and moving toward a healthier lifestyle.

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Food and beverage Segment to Dominate the Catechin Market:
The food and beverage segment are expected to account for a larger revenue share in the global Catechin market, with a value share worldwide, due to increased consumer demand for food and beverages products among a large part of the population, as the population is gradually increasing day by day, which in turn food & beverages demand enhances in the forecasted period too. Catechin market growth is witnessed to be driven by rising demand for fortified foods among health-conscious consumers.

North America Catechin Market:
North America is expected to increase in the global Catechin market over the forecast period. It is projected to grow at a significant CAGR in the coming years attributed to the high demand for catechin in various applications such as functional foods, nutritional supplements, and beauty supplements due to their anti-inflammatory, anti-bacterial, and anti-aging properties. Catechins are also being accepted in dietary supplements to promote weight loss, improve brain function, prevent degenerative brain diseases, and improve neurological cell function. Increasing sales of dietary supplements among fitness enthusiasts will push sales in developed countries in the coming next few years. The Asia Pacific has also expected to have a significant market share in the global catechin market due to the high demand for food products by the populous part of the region and also the rising awareness about health consciousness.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global catechin market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In Jan 2021, In Kentucky, Crown Holdings Inc. constructed a new beverage can. The new plant helps meet North America's rising demand for Catechin, which includes a rise in demand for sparkling water, energy drinks, craft beer, and cocktails, among other beverages.

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The catechin market is segmented based on source type, type, application, and geography.
Based on the source type, the market is segmented into the following:
• Tea
• Fruits
• Others

Based on the type, the market is segmented into the following:
• Epigallocatechin (EGC)
• Epigallocatechin-3- Gallate (EGCG)
• Others

Based on the application, the market is segmented into the following:
• Pharmaceuticals
• Food & Beverages
• Dietary Supplements
• Others

Based on the geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the catechin market report are Botaniex Inc., Chengdu Wagott Bio-tech Co. Ltd., Hangzhou Qinyuan natural plant technology Co. Ltd., Hunan Nutramax Inc., Hunan Sunfull Bio-tech Co. Ltd., Infré SA, Kemin Industries Inc., Revolution Tea Llc, Shaanxi Dongyu Bio-Tech Co. Ltd., Sigma-Aldrich Inc. (Merck KGaA), and Taiyo Green Power Co. Ltd.

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This release was published on openPR.