Published Date: 30-Sep-2022
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According to a new report, published by KBV research, The Global Catechins Market size is expected to reach $18.1 Million by 2028, rising at a market growth of 4.7% CAGR during the forecast period.
The Fruits segment is poised to grow at a CAGR of 5% during (2022 - 2028). The expansion in the growth of the market is owing to the increasing availability of catechin-composited fruits all over the world. Moreover, people are also more tend to adopt healthier lifestyles due to the various alarming disorders, such as the COVID-19 pandemic. In order to prevent such fatal disorders, the consumption of several fruits is increasing and hence, the growth of this segment is increasing at a rapid pace.
The Epigallocatechin-3- Gallate (EGCG) segment acquired maximum revenue share in the Global Catechins Market by Type in 2021 thereby, achieving a market value of $10.2 Million by 2028. Epigallocatechin-3-gallate (EGCG) was the most popular type of supplement in recent years. This is because EGCG has been demonstrated to regulate a large number of disease-specific molecular targets along with widespread use in the pharmaceutical industry.
The Food & Beverages segment has shown the growth rate of 5.2% during (2022 - 2028). The rise of the food and beverage segment as a result of rising consumer expenditure and supportive government policies is anticipated to be a key factor in market expansion. The increase in consumer demand for fortified foods across health-conscious customers is predicted to fuel catechin market growth. Future demand is expected to increase due to catechin's benefits for health and the ability to prevent disease.
The Asia Pacific market dominated the Global Catechins Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6.8 Million by 2028. The Europe market is exhibiting a CAGR of 4.3% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 4.1% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/catechins-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of INDOFINE Chemical Company, Inc., Indena S.p.A., Cayman Chemical Company, Inc., Chengdu Chelation Biology Technology Co., Ltd., Arjuna Natural Pvt. Ltd., Taiyo International (Taiyo Kagaku Corporation), Infré SA, Carbosynth Ltd., and Botaniex, Inc.
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