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Catechin Market Overview, Growth And Industry Demand

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Catechin Market Overview, Growth And Industry Demand

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.


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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.


Leading Key Players:

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.


KEY FINDINGS OF STUDY


  • The global catechin market 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.
  • By region, North America was the highest contributor with $715.8 thousand in 2020, and is anticipated to reach $963.1 thousand by 2030, registering a CAGR of 3.2%.
  • By source, the tea segment was the highest contributor to the market, with $10,583.1 thousand in 2020, and is estimated to reach $14,790.0 thousand by 2030, at a CAGR of 3.6% during the forecast period.
  • By type, the epigallocatechin-3-gallate (EGCG) segment was the highest contributor to the market, with $9,042.9 thousand in 2020, and is estimated to reach $12,687.7 thousand by 2030, at a CAGR of 3.6% during the forecast period.


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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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