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WILMINGTON, DE, UNITED STATES, October 23, 2024 /EINPresswire / -- The global catechin
market size 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.
The surge in demand for natural and organic products, rise in
health awareness, rising prevalence of obesity and diabetes, rising demand for functional food & beverages, and growing applications of catechin in diverse sectors are factors that are expected to drive the growth of the catechin market.
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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.
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.
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Asia-Pacific and North America are expected to drive market growth in the coming years. Rise in disposable income and surge in demand for dietary supplements are expected to be the primary drivers of market growth in these regions. Catechin applications in food and beverages, as well as pharmaceuticals, are major contributors to the catechin market.
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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