Industry Insights
Tea polyphenols market has been witnessing strong growth over the
past few years on account of increasing demand from food and beverage
industry, and the trend is expected to continue over the forecast
period. Rising purchasing parity of consumers coupled with changing life
style has increased the consumption of tea polyphenols over the last
few years and it is anticipated to fuel the market growth in near
future.
Growing health concerns over the last few years resulted in
increasing demand for green tea and other nutraceutical products, which
in turn expected to drive tea polyphenols market over the forecast
period. Innovation in functional beverage’s industry owing to rising
demand for healthy drinks is anticipated to drive the market growth over
the next six years.
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Growing dietary supplements demand coupled with increasing awareness
towards the health benefits from tea polyphenols consumption is
anticipated to complement the market growth over the foreseeable period.
Tea polyphenols have ability to cure health problems like obesity,
heart diseases, cancer and diabetes. These advantageous factors are
likely to augment the market growth in near future.
Product Insights
All tea polyphenols are extracted from the same plant called Camellia
Sinensis but processed differently in order to achieve required level
of oxidation. Green tea polyphenols are zero oxidized leaves, black tea
polyphenols are completely oxidized tea leaves, whereas oolong tea
polyphenols are semi oxidized.
Green tea polyphenols market is the most dominant product segment
followed by oolong and black tea polyphenols. Increasing obesity and
cancer patient during the last few years has been driving green tea
polyphenols market at a good pace, and the trend is expected to continue
over the forecast period. Oolong tea polyphenols are consumed mainly to
avoid diabetes which is the most threatened disease over the last five
years. Increasing diabetes patients across the globe is anticipated to
increase the consumption of oolong tea polyphenols which in turn
expected to drive the market over the forecast period.
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Application Insights
Functional foods and beverages was the largest and fastest growing
application segment for tea polyphenols market over the recent past, and
the trend is expected to continue over the forecast period. Increasing
demand for functional foods and health drinks has been driving tea
polyphenols market in this sector. In addition, growing health concerns
and rising disposable income of consumers motivating them to spend more
on health beneficial products which is expected to boost the market
demand over the forecast period. Dietary food supplements industry is
the second major market for tea polyphenols owing to increasing health
problems like obesity, diabetes and heart diseases.
Regional Insights
Asia Pacific was the largest market for tea polyphenols over the
recent past in terms of production and consumption. Owing increasing
population in countries such as China and India, the demand for tea
polyphenols is expected to grow at a good pace over the forecast period.
Increasing disposable income and changing life styles of consumers in
this region coupled with growing concern towards health is also a key
driving factor for tea polyphenols market. North America is expected to
witness significant growth on account of increasing demand from foods
& beverages industry in this region. However, Europe has been
witnessing sluggish growth over the past few years due to some side
effects of green tea polyphenols consumption.
Competitive Insights
Tea polyphenols market is highly concentrated with less number of
manufacturing companies leading the global market of tea polyphenols
over the last decade. Scope for new entrants in tea polyphenols market
is very less, so there is a huge scope for existing players to increase
their capacity levels to fulfill the increasing demand across the globe
over the forecast period. Additionally, improving R&D activities by
major key players to use tea polyphenols in medical sector is
anticipated to open new opportunities to this market over the next six
years. Some major players in this market include Ajinomoto OmniChem,
Amax NutraSource Inc., Indena Spa and Guilin Layn Natural Ingredients
Inc.
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