Global Epigallocatechin Gallate Market, By Type (0.95, 0.98, Others), Source (Tea, Fruits, Nuts), Application (Pharma and Healthcare, Food Additives, Cosmetic and Skin Care, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India , South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The epigallocatechin gallate market is expected to witness market growth at a rate of 5.90% in the forecast period of 2021 to 2028 and is expected to reach USD 0.95 billion by 2028. Data Bridge Market Research report on epigallocatechin gallate market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the prevalence of chronic diseases such as diabetes is escalating the growth of epigallocatechin gallate market.
The epigallocatechin gallate (EGCG) refers to a plant-based compound called catechin. These catechins can be categorized into a larger group of plant compounds known as polyphenols. EGCG and other related catechins play the role of potent antioxidants which may protect against cellular damage caused by free radicals. Free radicals are known to be highly reactive particles formed in the human body which are capable of damaging cells when their numbers get too high. Epigallocatechin gallate may help limit free radical damage.
The increasing popularity of the product owning to the numerous health benefits provided by it such as reducing inflammation, weight loss and improving heart and brain health, act as one of the major factors driving the epigallocatechin gallate market. The increasing incidences of chronic conditions, including heart disease, diabetes and some cancers and the growth in awareness regarding the curative properties of the food product accelerate the epigallocatechin gallate market growth. Increase in adoption of epigallocatechin gallate as they are known to limit free radical damage, availability of product in numerous plant-based foods and also dietary supplement in the form of an extract and the increasing demand for organic and natural food products among consumers further influence the epigallocatechin gallate market. Additionally, growth in awareness regarding the health benefits of the product, rise in consumption of green tea among consumers, growing health consciousness across the globe and increasing demand for plant based product and surge in the disposable income of people positively affect the epigallocatechin gallate market. Furthermore, research and development projects and product innovations extend profitable opportunities to the epigallocatechin gallate market players in the forecast period of 2021 to 2028.
On the other hand, issues with toxic contamination of the supplements and limited awareness are the factors expected to obstruct the epigallocatechin gallate market growth. The rise in concerns regarding the side effects on health such as dizziness, low sugar level and kidney failure is projected to challenge the epigallocatechin gallate market.
This epigallocatechin gallate market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on epigallocatechin gallate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Epigallocatechin Gallate Market Scope and Market Size
The epigallocatechin gallate market is segmented on the basis of type, source and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the epigallocatechin gallate market is segmented into 0.95, 0.98 and others.
- On the basis of source, the epigallocatechin gallate market is segmented into tea, fruits and nuts.
- On the basis of application, the epigallocatechin gallate market is segmented into pharma and healthcare, food additives, cosmetic and skin care and others.
Global Epigallocatechin Gallate Market Country Level Analysis
The epigallocatechin gallate market is analyzed and market size, volume information is provided by country, type, source and application as referenced above.
The countries covered in the global epigallocatechin gallate market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America and Europe dominate the epigallocatechin gallate market because of the rising product demand, growing focus on dietary supplements and functional food and beverages among millennials, presence of renowned manufacturers and government efforts on improving the national health standard. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 due to the high production and consumption of product especially in China, high spending on functional food and beverages and growing consumer awareness towards a healthy lifestyle in the region.
The country section of the epigallocatechin gallate market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Epigallocatechin Gallate Market Share Analysis
The epigallocatechin gallate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to epigallocatechin gallate market.
The major players covered in the epigallocatechin gallate market report are Selleck Chemicals, Biosynth Carbosynth, Merck KGaA, The Good Scents Company, CheCheng Rd, Parchem fine & specialty chemicals, TCI Chemicals (India) Pvt. Ltd., Wuhan Vanz Pharm Inc, Xi'an DN Biology Co.,Ltd, Kono Chem Co., Ltd, Shaanxi Fuheng (FH) Biotechnology Co., Ltd., Xian Lyphar Biotech Co., Ltd., Yangling Ciyuan Biotech, Hunan Zhengdi Biological Resources Development, RIOTTO BOTANICAL CO., LTD. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.