Catechin Market

Catechin Market Growth And Forecast 2022 - 2027:

Catechin Market was valued at USD 16.1 million in 2022 and is anticipated to reach an extent of USD 4.66 billion 2027. The market is estimated to experience a reasonable CAGR of 3.5% throughout the outlook period (2022 - 2027).

Catechin is a kind of natural phenol and antioxidant. The increasing benefits of catechin extraction are driving 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.

Recent Development in the Catechin Industry:

A biotech company called “text Mobility, Inc., has dedicated to developing pharmaceuticals for the highly bioavailable Phytofare catechin complex. The company also announced its Purchase of Cannabis Biosciences from Plandaí Biotechnology. The full share capital of Cannabis was acquired by Protext of Cannabis Biosciences in exchange for 50 million common shares.

Catechin Market Drivers and Restraints:

 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.

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Catechin Market Segmentation:

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.

Catechin Market Regional Analysis:

• Asia Pacific

• North America

• Latin America

• Europe

• 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 papillomavirus (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.

Catechin Market Key Players

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.