The growing demand for natural health products.
Tea polyphenols are compounds that are naturally found in tea and are known to have strong antioxidant properties. These compounds help to reduce the risk of certain diseases and promote overall health and well-being. The health benefits of tea polyphenols have been widely publicized and studied, leading to an increased demand for these compounds. In addition to this, with the rising prevalence of numerous chronic diseases caused by changing lifestyles and dietary habits, consumers are looking to incorporate natural and healthy products and supplements in their diets, which is creating a positive outlook for the tea polyphenols market. Moreover, the escalating health consciousness and consumer concerns about the side effects of synthetic ingredients are aiding in market expansion. Apart from this, the surging demand for functional beverages with rich nutritional profiles, such as green, black, or oolong tea, is acting as another growth-inducing factor.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is consolidated in nature due to the presence of numerous regional and international market players and the emergence of small and medium-sized companies. However, the volume of new entrants in the tea polyphenols industry is low due to the strong position of leading market players with the majority of market shares, low product differentiation, and switching costs.
- What are Tea Polyphenols?
Moreover, they also offer numerous health benefits such as improved blood vessel function, blood pressure regulation, and reduced risks of cardiovascular disorders (CVDs), cancer, and stroke. On account of these properties, they are broadly used as a fundamental ingredient in dietary supplements, organic colors, cosmetics, and food and beverage (F&B) products.
COVID-19 Impact:
The COVID-19 outbreak has had a significant negative impact on the tea polyphenols market due to the disruption of global supply chains. The pandemic has caused a scarcity of raw materials used in the production of tea polyphenols, resulting in a reduced supply and higher prices. Moreover, the limited road movement and restrictions on international trade have impacted deliveries of raw materials as well as final products to the end-consumers, which hampered the market growth. Concurrent with this, the outbreak has caused a decrease in demand as people are forced to stay at home.This has resulted in a decline in sales, leading to a subsequent drop in profits for tea polyphenol manufacturers. In addition to this, during the lockdown, many companies were forced to reduce their marketing budgets or cancel campaigns altogether due to the uncertain economic environment, which resulted in a decrease in brand awareness and overall product sales. This has a detrimental impact on industry expansion.
Tea Polyphenols Market Trends
The increasing prevalence of chronic diseases, such as obesity, cardiovascular diseases (CVDs), and diabetes, due to sedentary lifestyles and unhealthy eating habits of consumers around the globe. However, with the escalating awareness of health and wellness, people are shifting towards more nutritious diets and adopting an active lifestyle, which is driving the demand for healthier alternatives to traditional beverages, such as tea, and aiding in the growth of the tea polyphenols market.In addition to this, the widespread product adoption as they are a rich source of epigallocatechin gallate (EGCG) and dietary fibers that exhibit anti-inflammatory, antimicrobial, and antineoplastic properties, which aid in improving metabolism and weight management, which is creating a positive outlook for market growth. Moreover, the increasing product utilization in the manufacturing of ready-to-drink (RTD) teas, dietary supplements, nutraceuticals, and functional beverages, is presenting remunerative growth opportunities for the market.
Concurrent with this, the increasing use of tea polyphenols in producing various personal care and cosmetic products to combat signs of aging, skin darkness, acne, dandruff, and hair loss, is acting as a significant growth-inducing factor. Furthermore, rapid urbanization, the rising geriatric population, inflating disposable income of individuals, the surging adoption of preventative healthcare, and ongoing technological advancements in extraction technologies are positively impacting the market growth.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global tea polyphenols market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product type, application, and distribution channel.Product Type Insights:
- Green Tea Polyphenols
- Oolong Tea Polyphenols
- Black Tea Polyphenols
- Others
Application Insights:
- Functional Beverages
- Functional Food
- Dietary Supplements
- Others
Distribution Channel Insights:
- Mass Retailers
- Direct Selling
- Online Retailers
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
According to the report, Asia Pacific was the largest market for tea polyphenols. Some of the factors driving the Asia Pacific tea polyphenols market included the increasing demand for natural and organic products, the escalating consumer awareness regarding the potential health benefits of tea, and the rising consumption of functional foods and beverages.
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global tea polyphenols market.Some of the companies covered in the report include:
- Ajinomoto OmniChem Natural Specialty
- Amax NutraSource Inc.
- DSM
- DuPont-Danisco
- Frutarom Ltd.
- FutureCeuticals
- HERZA Schokolade GMBH & Co. KG
- Indena SpA
- Layn Natural Ingredients Corp
- Naturex
- Seppic
- Tianjin Jianfeng Natural Products
Key Questions Answered in This Report
1. What was the size of the global tea polyphenols market in 2023?2. What is the expected growth rate of the global tea polyphenols market during 2024-2032?
3. What are the key factors driving the global tea polyphenols market?
4. What has been the impact of COVID-19 on the global tea polyphenols market?
5. What is the breakup of the global tea polyphenols market based on the product type?
6. What is the breakup of the global tea polyphenols market based on the application?
7. What is the breakup of the global tea polyphenols market based on the distribution channel?
8. What are the key regions in the global tea polyphenols market?
9. Who are the key players/companies in the global tea polyphenols market?
Table of Contents
Companies Mentioned
- Ajinomoto OmniChem Natural Specialty
- Amax NutraSource Inc.
- DSM
- DuPont-Danisco
- Frutarom Ltd.
- FutureCeuticals
- HERZA Schokolade GMBH & Co. KG
- Indena SpA
- Layn Natural Ingredients Corp
- Naturex
- Seppic
- Tianjin Jianfeng Natural Products
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 134 |
Published | April 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 443.8 Million |
Forecasted Market Value ( USD | $ 817.2 Million |
Compound Annual Growth Rate | 7.0% |
Regions Covered | Global |
No. of Companies Mentioned | 12 |