Global tea polyphenol market size was estimated at USD
209.3 million in 2012 and the market is expected to grow at a CAGR of 7.4% over
the forecast period. Rising consumer awareness regarding the various advantages
of the ingredient coupled with increasing health consciousness of consumers are
key factors driving the market.
Tea polyphenols have become
popular over the past few years as they help in prevention of various
neurodegenerative diseases including Parkinson’s and Alzheimer’s. Their rising
popularity has significantly resulted in the market demand at 4,850.0 tons in
2012 and is expected to be 9,169.9 tons by 2020.
Increasinggeriatric population in
developed economies of Asia Pacific and Europe including UK and Japan coupled
with rising demand for nutraceutical products such as tea polyphenols due to
growing health concerns among consumers, is anticipated to drive demand. The
global market is estimated to reach a value of USD 367.7 million by 2020.
Browse full research report on Tea Polyphenols Market: http://www.grandviewresearch.com/industry-analysis/tea-polyphenols-industry
Green tea polyphenols constitute
of about 30-40% of extractable polyphenols which are used mainly for treating
skin cancer, weight management and sickle cell disease. Their rising popularity
has resulted in the product accounting for 72.5% of the total market as of
2012. The market is also anticipated to witness significant gains over the
forecast period at a CAGR of 8.8% owing to its increasing consumption,
particularly among the working population.
Increasing cases of diabetes,
particularly among the younger population, has resulted in a growing demand for
oolong tea as it helps in lowering the effect of diabetes. The segment
accounted for over 15% of the overall market volume in 2012. Black tea
polyphenols contain lower concentration of polyphenols and hence are
anticipated to grow at a CAGR of 6.3% over the forecast period exceeding a
value of USD 20.0 million by 2020.
Functional beverages including
bottled juices, bottled water, energy drinks and bottled tea captured over 40%
of the total market share in 2013. Growing consumption of functional beverages
containing the ingredient is expected to fuel demand at a CAGR of 8.8 % from
2014 to 2020.
Functional food was the second
largest application capturing over 30% of the total polyphenols market in 2013.
Dietary supplements including liquid & powder extracts and capsules are
anticipated to grow at a CAGR of 7.1 % from 2014 to 2020. Growing demand for
dietary supplements owing to increasing prevalence of obesity is expected tp
bolster demand.
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Research: http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Asia Pacific tea polyphenols market accounted for 40% of the
overall volume in 2013, and is anticipated to grow at a CAGR of 9.2% over the
projected period. Increasing ageing population, rising health concerns and
abundant availability of raw materials in Japan are likely to be the major
drivers of the market in the near future.
North America and Europe together accounted for over 50% of
the industry in 2013. Growing demand for the ingredient among consumers in Asia
Pacific is expected to result in these regions losing out their market shares
over the forecast period. Prominent players in the market include Naturex,
Indena S.P.A, Tianjin Jianfeng Natural Products Co, Ltd, Lyn Natural
Ingredients Corp and Ajinomoto Omnichem Natural Specialities.
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