Catechin Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Catechin Market is segmented By End User (Pharmaceuticals, Food & Beverages, Dietary Supplements, Personal Care, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Catechin Market Overview

A Report by DataM Intelligence estimates the Global Catechin  market to grow at a high CAGR Of 3.5% during the forecast period 2024- 2031. The market is expected to grow due to increasing demand from Pharmaceuticals, Food & Beverages, Dietary Supplements. The competitive rivalry intensifies with Zelang, Botaniex, Inc.., Chengdu Wagott Bio-tech Co., Ltd, and others operating in the market.

Catechin Market Scope and Summary

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Catechin Market Industry Dynamics

Rising demand for functional beverages to drive the market growth

Catechin market is growing with a high CAGR during the forecast period, reaching USD million in 2028. Catechin sales are benefiting from the growth of the functional beverages market around the world. The demand for healthier foods that complement consumers' healthy lifestyles has increased due to the rising incidence of cardiovascular diseases and the increasing prevalence of obesity. This change in consumer lifestyle has been a crucial factor encouraging market growth. Catechin is widely used in a range of beverages. For instance, it is used in instant green tea besides other functional drinks. In addition to this, catechin finds use in pharmaceutical applications to prevent and treat various ailments. Spurred by increasing applications in diverse sectors, the catechin market will exhibit growth at a favorable rate.

Some extraction methods, on the other hand, are capital intensive and take longer to extract. Research and development are being carried out to reduce extraction time and cost, improve extraction rate, and increase processing throughput and yield. In addition, major players are focusing their efforts on developing technologies that minimize the use of chemicals in the extraction process. Botaniex, for example, has developed an ethyl acetate-free catechin extraction method. 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. In 2019, European Food Safety Authority (EFSA) after carrying out assessments raised concerns regarding the potential liver damage caused due to the intake of catechin supplements with a dose above 800 gm/day.

Catechin Market Segmentation Analysis

Personal care segment is expected to hold significant high market share during the forecast period

The catechin market, based on end use, is segmented into pharmaceuticals, food & beverages, dietary supplements, and personal care, among others. Personal care segment is expected to grow with a high CAGR during the forecast period. Because of its anti-inflammatory and antibacterial properties, catechin is widely used to manufacture oral care products, especially mouth rinsing agents. As an anti-plaque agent, it can be used instead of chlorhexidine gluconate. Catechin-based mouthwash helps prevent several gum diseases such as dental caries, periodontitis, gingivitis, stomatitis, and halitosis. The regular use of catechin-based mouth rinsing agents results in the reduction of gum swelling and helps in teeth brightening. Additionally, pharmaceutical application for catechin is rapidly gaining popularity across the globe owing to various benefits associated with the product. It effectively prevents and treats several diseases such as cancer, arthritis, obesity, diabetes, and infections.

Catechin Market Geographical Outreach

North America is expected to dominate the global catechin market

The North America region accounted for the largest share of the regional catechin market. The United States dominated the North American Catechin market with a high share in 2020. Rising product demand in this region is primarily attributed to the growing focus on dietary supplements and functional food and beverages among millennials. Augmented healthcare measures for preventing the occurrence of various diseases coupled with government efforts on improving the national health standard are contributing toward the growth of dietary supplements market, which in turn is anticipated to drive the demand for catechin in the country. Moreover, the U.S. Food and Drug Administration (FDA) has approved the use of the products as a prescription drug for the treatment of genital warts which is caused by the Human Papillomavirus (HPV). The drug is sold under prescription by Fougera Pharmaceuticals, Inc.

Catechin Company and Competitive Landscape

The market is highly fragmented, with well-established and long-term operating players dominating. Because of the rising demand for health supplements, competition is expected to intensify over the forecast period. Furthermore, the market's high level of competition is due to the presence of large and well-established players.  Some of the key players operating in the market include Hunan Sunfull Bio-tech Co., Ltd., Taiyo Green Power Wxee, Chengdu Wagott Bio-tech Co., Ltd., Novanat Bioresource, Inc. and Hangzhou Qinyuan Natural Plant High-tech Co., Ltd among others.

COVID-19 Impact on Catechin Market

For consumers suffering from cough and cold, green tea is considered an effective remedial measure and healthy. COVID-19 positive consumers showcasing similar symptoms are accelerating the demand for green tea owing to which sales for catechin have soared. In 2020, a moderate demand-supply gap is anticipated, as supply will be constrained by fewer manufacturing facilities and a small operating workforce. Furthermore, owing to trade fluctuations, shipments to other countries are halted, resulting in a heterogeneous distribution of catechins.