U.S. green tea polyphenols market is anticipated to hit $30 million by 2024
Jun 13, 2019
Tea polyphenols market from functional beverage application will surpass over USD 170 million by 2024 owing to it provide health benefit beyond basic nutritional functions.
Selbyville, United States - June 13, 2019 /MarketersMedia/ —
Oolong tea polyphenols market is anticipated to exceed 2 kilo tons in the projected timeframe. Oolong tea polyphenols are semifermented in nature and is cultivated in Asia Pacific due to its climatic and soil conditions. The extracts have increased utilization in nutraceutical and personal care industry giving a stimulating effect. It can be incorporated with smoothies thus boosting product growth.
Tea polyphenols market from functional beverage application would surpass over USD 170 million by 2024. The production and consumption of functional beverages have gained importance as they provide health benefit beyond basic nutritional functions. Beverages are by far most active category owing of convenience and possibility to meet buyer demands. They detoxify the body along with providing essential vitamins and minerals thus, propelling market growth.
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Camellia sinensis is an essential raw material for producing these extracts. The production is mainly concentrated in Japan, China, Australia and India which makes procurement of Camellia sinensis difficult. Heavy expenditure incurred in transportation from these regions adds up to final cost for manufacturing product, thus affecting tea polyphenols industry profitability.
Green tea polyphenols industry size from cosmetic application may observe gains up to 6.5% in the estimated timeframe. Global organic cosmetic industry was valued at 12.5 billion in 2017 and is expected to grow at 7%. The extracts are utilized in cosmetic products due to its antioxidant abilities for detoxifying from free radicals and treating dull & dry skin. Changing preferences of consumers for organic toner, moistures, and face serums would drive tea extract product demand.
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Increasing health awareness and consumer inclination towards organic products would drive global tea polyphenols market. For producing the product, tea leaves are utilized in unfermented, semifermented and fully fermented state. It contains amino acids which helps to cure high blood pressure and obesity. It is fused in food & beverages to enhance their nutritional benefit as well as to innovate products.
Higher prices of green tea polyphenols compared to other beverages including oolong and black tea with little buyer awareness towards product might hinder industry growth. Other restrictive factors include high production cost incurred owing to environmental and transportation with being a labor-intensive industry. This can be overpowered by increasing capital by industry players to expand their product portfolio.
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Global tea polyphenols industry share is competitive and consolidated with major industry participants including Shaanxi Dongyu Tea Co, Ajinomoto OmniChem Natural Specialty, Arjuna Naturals, Chengdu Wagott Bio-Tech Co., Berkem and DuPont-Danisco. Manufacturers make heavy investments in R&D to enhance their product offerings. They are also coming into long-term contracts with raw material suppliers for easy sourcing of the product.
Contact Info:
Name: Arun Hegde
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Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/tea-polyphenols-market
Source URL: https://marketersmedia.com/us-green-tea-polyphenols-market-is-anticipated-to-hit-30-million-by-2024/524223
Source: MarketersMedia
Release ID: 524223
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