Catechin Market to Gather $21,099.9 thousand by 2030 at a CAGR of 3.8% | Botaniex Inc., Cayman Chemical Company

Catechin is a flavonoid-related organic compound. The most common sources are tea leaves, broad beans, apricots, black grapes, strawberries, cherries, and berries. They are widely used in the cosmetics industry to manufacture skin and hair care products. They are commonly used in the pharmaceutical industry to treat a wide range of diseases.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 :https://www.alliedmarketresearch.com/request-sample/6955

The primary drivers of growth in this market are an increase in the prevalence of chronic diseases, rise in the prevalence of cancer, technological advancements in catechin manufacturing, and a rapid growth in geriatric population. On the other hand, lack of consumer awareness about the benefits of catechin products is a significant factor that is expected to limit market growth to some extent.

𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

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.

𝐁𝐮𝐲 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/checkout-final/f2c00513fe8374ed782dbfdbeb76e13d

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:

The catechin market is segmented on the basis of source, type, application, and region. On the basis of source, it 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, it is divided into pharmaceuticals, food & beverages, dietary supplements, and others. Region-wise, the catechin market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞 : https://www.alliedmarketresearch.com/purchase-enquiry/6955

By source, the tea segment was the highest revenue contributor in 2020, as green tea is a prominent dietary source of catechin. By application, the pharmaceutical segment held the largest market share in 2020. It is used in the treatment of chronic and cardiovascular diseases, so the pharmaceuticals segment accounted for the largest catechin market share.

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.

𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗶𝗻 𝗙𝗼𝗼𝗱 𝗮𝗻𝗱 𝗕𝗲𝘃𝗲𝗿𝗮𝗴𝗲𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆

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