Increasing Global Demand For Catechin Market With Rising CAGR Forecast Till 2027 | Grand View Research, Inc.

 

The global catechin market size is expected to reach USD 20.3 million by 2027, expanding at a CAGR of 3.4%, according to a new report by Grand View Research, Inc. Growing consumer inclination towards natural and organic alternatives coupled with augmented demand for functional food is expected to drive the market over the forecast period.

The demand for nutraceuticals & functional foods is expected to witness an upward surge owing to consumers opting for immunity boosting supplements during the COVID-19 pandemic. Furthermore, a decline in the consumption of poultry, meat and seafood products across the globe is expected to increase the demand for plant and animal-based protein supplements in the near future. The report will account for Covid19 as a key market contributor.

Catechin is a naturally occurring polyphenol found in large quantities in green tea. In addition it is also present in several plants, fruits, and food products such as apples, grapes, blueberries, chocolate, and red wine. However the catechin content present in each of the above mentioned fruits and plants may vary according to the composition. Commercially, the product can be extracted using various technologies such as solvent extraction, superficial fluid extraction, ultrasound assisted, microwave assisted, and high hydrostatic pressure. Among these, ultrasound assisted extraction is largely preferred as it exhibits high extraction efficacy rate of at lower temperature, thereby retaining its novel medicinal properties. However, high capital cost, lower yields, and higher extraction time are some of the major factors restraining the growth of the market.

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The product is gaining popularity among several pharmaceutical, beverage, and nutritional supplement manufacturers owing to the anti-oxidant, anti-inflammatory, and anti-microbial properties exhibited by the product. The pharmaceutical formulation requires extremely pure and high quality catechin extracts which are used to improve absorption of bioactive compounds by enhancing its solubility. Catechin Biosciences, Inc. is a prominent player focused on developing catechin based pharmaceutical drug derived from green tea extract.

Catechin based supplements are being consumed on a large scale across the globe due to changing food consumption pattern, improved lifestyle and rise in consumer spending. Furthermore, increasing demand for safe and healthy products coupled with a rising number of individuals suffering from cancer, obesity, and various other diseases is projected to drive market growth over the coming years.

Catechin Market Report Highlights

• In terms of revenue, APAC is expected to emerge as the fastest growing region in the market by 2027
• The supplements segment held market share of approximately 32.0% by volume in 2020 and emerged as a prominent application segment.
• In Asia Pacific, countries particularly India and China are likely to witness a remarkable market growth in next seven years
• The industry is fragmented and competitive in nature, with presence of major global players such as Taiyo Green Power Wxee;Novanat Bioresource, Inc.;Chengdu Wagott Bio-tech Co., Ltd.;andHunan NutraMax, Inc.
• Growing demand for nutritional and functional food products is expected to drive the product consumption in supplements and functional beverages formulations.   

In 2018, Asia Pacific emerged as the largest regional market for catechin owing to growing consumer health awareness and a diet-conscious population increasingly seeking functional benefits from food and beverages in this region.

North America is anticipated to emerge as the second largest market over the forecast period owing to rising consumption of dietary supplements that offer several health benefits such as weight loss promotion and blood sugar regulation .The recent outbreak of COVID-19 pandemic is expected to augment the consumption of dietary supplements in the coming years. Catechin based supplements act as immunity boosters which helps in proper body functioning and reduce disease occurrence. This is expected to positively impact the market over the forecast period.

The global catechin market size was valued at USD 16.1 million in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 3.4% from 2020 to 2027. Increasing demand for natural and organic products coupled with growing consumer inclination towards adoption of a healthy lifestyle is expected to drive the catechin consumption in dietary supplement formulations. Catechins are flavanols that belong to polyphenols group found in abundant quantities in green tea. The four main types of catechin include Epicatechin (EC), Epigallocatechin (EGC), Epicatechin-3-Gallate (ECG), and Epigallocatechin-3- Gallate (EGCG). These catechins found in green tea vary in composition with EGCG being the highest accounting for 60.0% followed by EGC, ECG, and EC accounting for 20.0%, 14.0%, and 6.0% respectively.

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The market is highly fragmented in nature with the dominance of well-established and long-term operating players. The competition is expected to intensify over the forecasted period owing to the ascending demand for health supplements. Moreover, the presence of large and established participants has led to a high degree of rivalry in the market. Increasing demand for functional food and beverages is one of the key factors likely to have a positive influence on the growth of the market. Some of the prominent players in the catechin market include:

·        Hunan Sunfull Bio-tech Co., Ltd.

·        Chengdu Wagott Bio-tech Co., Ltd.

·        Novanat Bioresource, Inc.

·        Hangzhou Qinyuan Natural Plant High-tech Co., Ltd.

·        Taiyo Green Power Wxee

Catechin extraction from green tea can be carried out using solvent extraction, Microwave Assisted Extraction (MAE), Ultrasound Assisted Extraction (UAE), Supercritical Fluid Extraction (SFE), and High Hydrostatic Pressure (HHPE). The efficiency of the extraction technique depends on several factors such as variety of tea used, extraction parameters and set-up, and storage conditions.

However, some of the extraction technologies are capital intensive and require longer extraction time. Research and development activities are being undertaken to minimize extraction time and cost, enhance extraction rate, as well as to maximize processing throughput and yield. Also, key players are focusing on developing technologies that reduce the use of chemicals in the extraction process. For example, Botaniex, has introduced an ethyl acetate-free process for the extraction of catechin. The new product developed by the company is chemical free, thereby making it healthier and safer for consumers. Thus, residue-free ingredients extracted through innovative technologies are anticipated to help dietary supplement manufacturers penetrate the catechin market.

Grand View Research has segmented the global catechin market on the basis of application:

Catechin Application Outlook (Volume, Kilotons; Revenue, USD Thousand, 2016 - 2027)

·         Pharmaceutical

·         Beverages

·         Supplements

·         Mouth Rinsing

·         Others

About Grand View Research

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