Catechin Market Growth Forecast Report 2021-2026:
Catechin Market was valued at USD 16.1 million in 2020 and is anticipated to reach an extent of USD 4.66 billion by the end of the assessment period. The market is estimated to experience a reasonable CAGR of 3.5% throughout the outlook period (2021-2026).
Catechin is a kind of natural phenol and antioxidant. The increasing benefits of catechin extraction are driving the market growth. The most common and popular raw material for the extraction of catechin is green tea. Increasing consumer health awareness and the prospect of a healthier lifestyle is what drives the consumer base to change their eating habits and adapt to healthy food consumption.
In March 2017, A biotech company called “rotext Mobility, Inc., has dedicated to developing pharmaceutical for the highly bioavailable Phytofare catechin complex. The company also announced its Purchase of Cannabis Biosciences from Plandaí Biotechnology. The fully share capital of Cannabis acquired by Protext of Cannabis Biosciences in exchange for 50 million common shares.
Market Drivers and Restraints:
The increasing demand for natural and organic products, along with the growing trend of consumers to adopt a healthy lifestyle, are expected to stimulate the consumption of catechins in dietary supplement formulations. Catechins are flavanols that belong to the group of polyphenols that are found in abundance in green tea. The four key kinds of catechin comprise epicatechin, epigallocatechin, epicatechin-3-gallate, and epigallocatechin-3-gallate. These catechins present in green tea vary in composition, with the highest EGCG representing 60.0%, followed by EGC, ECG and EC representing 20.0%, 14.0% and 6.0% respectively. Green tea catechin extraction can be done by high hydrostatic pressure (HHPE), supercritical fluid extraction (SFE), ultrasound-assisted extraction (EAU), microwave assisted extraction (MAE), and solvent extraction. The effectiveness of the extraction technique depends on several factors, such as the variety of tea used, the extraction parameters and the configuration and storage conditions. However, some of the extraction technologies require a lot of capital and require a longer extraction time. Research and development activities are carried out to minimize the time and cost of extraction, increase the extraction rate, and maximize yield and processing efficiency. Furthermore, the main actors focus on the development of technologies that reduce the use of chemicals in the extraction process. For example, Botaniex introduced a process without ethyl acetate for the extraction of catechin. The new product developed by the company is chemical-free, making it healthier and safer for consumers. Therefore, residue-free ingredients extracted through innovative technologies should help dietary supplement manufacturers enter the catechins market.
The global Catechin Market has been segmented mainly by application. The supplement applications segment accounted for 33.9% of revenue in 2019. Catechin, due to its anti-inflammatory, antioxidant, antibacterial, and anti-aging properties, is widely used in various functional nutritional supplements and beauty. Regular consumption of dietary supplements promotes weight loss, improves brain health by preventing degenerative brain diseases, and improving neurological function of cells. In addition, it also helps maintain heart health by reducing blood pressure, cholesterol, and plaque build-up in blood vessels. The pharmaceutical application of catechin is rapidly gaining popularity worldwide due to the various benefits associated with the product. It is effective in preventing and treating various diseases such as cancer, arthritis, obesity, diabetes and infections. However, the catechin extraction may contain impurities. Therefore, safety tests are performed to verify the purity of products sold as medicines. Pharmaceutical products containing catechins include topical gels sold for the treatment of external and perianal warts. They are regulated by the US FDA and are sold as prescription drugs in the county.
Impact of covid-19 on Catechin Market
Companies should also review and adjust their contingency plans to ensure they are working optimally during this emergency. Existing plans for many organizations will focus on unique catastrophic events, but this situation is very different, as the majority of the population remains healthy and therefore able to work. However, it must be recognized that employees are susceptible to exposure to the virus. When this happens, they must be quarantined to prevent the virus from spreading throughout the organization. If an employee's job allows them to work from home, that's an option if they feel good enough. When the infection has affected so many workers that normal operations can no longer continue, officials will need to execute a contingency plan to refer clients or reduce service delivery. The decision to stay open or closed can be life and death, and the effects on the long-term viability of the business can be enormous. Businesses may also face shortages of supplies. Contingency plans should be reviewed to determine if other sources or substitutes could be used when main supplies are no longer available. Despite effective contingency plans, many companies may experience interruptions in their services. Leaders must think about how to respond.
The global Catechin market has been categorized by geography in regions of Asia Pacific, North America, Latin America, Europe, and Middle East and Africa. North America accounted for a volume share of more than 23.9% of the market in 2019. The increase in demand for products in this region is mainly attributed to the increasing attention paid to dietary supplements and food and beverages functional among millennials. The region, led by the United States, is home to many world-famous beverage manufacturers. Improved sanitary measures to prevent the occurrence of various diseases, along with government efforts to improve the national health standard, are contributing to the growth of the dietary supplement market, which in turn is expected to increase the demand for catechin in the country. Additionally, the United States Food and Drug Administration (FDA) has approved the products for use as a prescription medication for the treatment of genital warts caused by the human papilloma virus (HPV). The drug is sold by prescription by Fougera Pharmaceuticals, Inc.
Asia Pacific has become the fastest growing regional market and is expected to experience a 3.9% annual compound rate during the forecast period. China is the leading producer and consumer of the product in the region due to growing consumer awareness of healthy lifestyles and high spending on functional food and drinks. Central and South America have seen an increase in obesity and overweight rates in the past decade, which has led to increased health awareness and a shift in consumer preference for dietary supplements and organic food products. The increasing demand for nutraceuticals is expected to drive demand for catechins in the region. Major manufacturers are expected to invest significant sums in R&D activities to manufacture specific dietary supplements. This should have a positive impact on the region's market.
Hunan Sunfull Bio-tech Co. had the largest share of the Catechin Market in terms of sales and revenue in 2019.
The Catechin Market is concentrated with key players like Taiyo Green Power Wxee, Hangzhou Qinyuan Natural Plant High-tech Co., Ltd., Hunan Sunfull Bio-tech Co., Ltd., Novanat Bioresource, Inc., and Chengdu Wagott Bio-tech Co., Ltd.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Catechin Market, By Application
6.1.1 Mouth Rinsing Agents
6.1.5 Market Size Estimations & Forecasts (2019-2024)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Application
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Application
7.4 Asia Pacific
7.4.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.4.2 By Application
7.5 Latin America
7.5.1 By Country
184.108.40.206 Rest of Latin America
7.5.2 By Application
7.6 Middle East and Africa
7.6.1 By Country
220.127.116.11 Middle East
7.6.2 By Application
8. Key Player Analysis
8.1 Taiyo Green Power Wxee
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Hangzhou Qinyuan Natural Plant High-tech Co., Ltd
8.3 Hunan Sunfull Bio-tech Co., Ltd
8.4 Novanat Bioresource, Inc
8.5 Chengdu Wagott Bio-tech Co., Ltd
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures