The global catechin market size is expected to reach USD 19.8 million by 2028., at a CAGR of 3.3% during the forecast period.
An increasing number of people with chronic diseases such as cardiovascular diseases (CVDs) and cancer, along with the rising number of people with nutrient deficiency, is expected to drive the growth of the global market during the forecast period. Further, increasing awareness of the catechin associated clinical benefits among people will provide a significant thrust for the growth.
Catechin has various important properties that include anti-inflammatory, anti-proliferative, anti-oxidative, anti-hypertensive, anti-hyperlipidemic, and anti-thrombogenic properties. Hence, they are useful in limiting the risk of various chronic disorders, including hypertension, cancer, obesity, diabetes, cardiovascular diseases (CVDs), and autoimmune disorders. Globally, more than 1.1 billion people suffer from hypertension, and diabetes is also a major health concern across the globe, with 108 Thousand people suffering from diabetes in the U.S. alone.
The product lowers cholesterol levels and, hence it will also reduce the risk of CVDs, which is the leading cause of death in the world. The product is also known to regulate cell death and cell proliferation, and hence it plays an important role in killing abnormal cells and reducing the risk of cancer. Cancer affects more than 19 Thousand people annually and, in the U.S., alone, 1.8 Thousand new cancer cases were diagnosed in 2020.
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Supplements dominate the application segment of the industry as they are known to improve brain function, maintain heart health by reducing cholesterol, blood pressure and help in weight loss. The product in pharmaceuticals products is also gaining prominence due to its use in the treatment of various diseases including cancer, arthritis, external and perianal warts. Many new developments are taking place in the global market by key industry players in recent times. For instance, Nutrixin launched a dairy-free cocoa functional beverage, in May 2021, for heart health.
Market Participants such as DSM, Guangdong Yilong Industrial Group Co., Ltd, TAIYO HOLDINGS CO., LTD., Kemin Industries Inc., Hangzhou Qinyuan Natural Plant High-tech Co., Ltd, Nanjing Zelang Medical Technology Co., Ltd., Hunan Sunfull Biotech Co., Ltd, Infré SA, Shanghai Novanat Co., Ltd, Shaanxi Dongyu Bio-Tech Co. Ltd., Merck KGaA, Darmstadt, Germany, Hunan NutraMax Inc., and Revolution Tea are some of the key players operating globally.
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The potential health benefits of green tea, makes it a popular beverage in health community.
It is a rich anti oxidant and contains abundance of amino acids and caffeine with minor portion of certain minerals, vitamins and fiber.
Green tea is exceptional from any other tea for its high amount of catechin content that acts as a best anti-oxidant.
The exceptional qualities of green tea can be made use of only when consumed over a period of time.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
