According to a new research report by Global Market Insights Inc., the Tea Polyphenols Market size is estimated to surpass USD 400 million by 2028 driven by increasing consumer awareness towards healthy living along with rapid urbanization and adoption of health beneficial and organic ingredients.
The increasing aging population across the globe is fueling the production and consumption of tea polyphenols in various end-usage such as ready-to-drink teas, nutraceutical supplements, teas, and functional beverages. Further, the growing demand for green tea and its extracts in dietary supplements, functional beverages, and food are expected to be the key drivers for the tea polyphenols market.
Polyphenols are also majorly preferred in different applications owing to their beneficial properties such as supports to improve the immune system and helps to reduce the risk of diseases like cancer and kidney stones.
Tea polyphenol’s high antioxidant and anti-inflammatory properties make it a prominent ingredient to be used in dietary supplements and other medical applications. Further, the demand for the dietary supplement has witnessed a major boost during the outbreak of the covid-19 pandemic thus strengthening the market for tea polyphenols. The market growth is also supported by augmenting demand for processed food and beverages. The processed food and beverage industry has witnessed rapid growth in the past few years owing to changing lifestyle patterns as well as the trend of ready-to-eat products.
The rapid increase in the usage of green tea to drive the market growth
As per industry forecasts, green tea is forecast to witness a CAGR of more than 5.5% up to 2028 owing to its increasing usage in dietary supplements. Green tea contains high levels of polyphenols, mostly catechins, and their derivatives that are considered protective effects against cancer and heart disease thus supporting demand for the dietary supplement and other medical applications.
Further, green tea is also majorly used in the processed food industry as it contains gallic acid, flavonoids, flavanols, and epicatechins which in turn is driving the market growth of the product. Apart from this the augmenting consumption of tea polyphenols owing to the demand for functional beverages such as green tea is expected to drive the tea polyphenols market share during the forecast period.
Browse key industry insights spread across 304 pages with 393 market data tables & 34 figures & charts from the report, “Tea Polyphenols Market Size, By Product (Black Tea Polyphenols, Green Tea Polyphenols, Oolong Tea Polyphenols), By Application (Functional Beverages, Functional Food, Dietary Supplement, Cosmetics, Others), By Distribution Channel (Internet Retailing, Mass Retailing, Direct Sales, Others), by Regional Outlook, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028” in detail along with the table of contents:
The rapid increase in the dietary supplement applications to drive the tea polyphenols market
According to market insights reports, the dietary supplement has accounted for a market size of USD 20 million in 2021 along with a CAGR of more than 5.5% during the forecasted timeframe owing to its increasing usage in dietary supplement applications. The rapidly increasing consumption of dietary supplement products after the outbreak of the covid-19 pandemic has promoted the tea polyphenols market share.
Tea polyphenols are an excellent antioxidant that helps to prevent and treat diseases by scavenging free radicals as well as regulating the activity of different oxidases in the body, making them a popular ingredient in dietary supplements. Dietary supplement plays an important role in increasing the immunity level as well as in strengthening the human body against diseases such as cancer and heart disease.
The rapid increase in the mass retailer’s distribution channels to drive the tea polyphenols market
Mass retailers’ distribution channels are forecast to witness a substantial growth of USD 120 million at the end of 2028 owing to the increasing demand for food & beverages. A mass-market retailer is a company that sells an affordably priced product that attracts a wide variety of consumers. The retailers are seeking to sell large quantities of products through discounting, customer service, and packaging Retailers market the product by integrating them with different applications including beverages, nutraceuticals, and personal care products.
Increase in production and consumption of green tea to drive the market in the Europe region
Europe tea polyphenols market is slated to surpass USD 95 million in 2028. The advantages of polyphenols as anticancer agents are their high accessibility, low toxicity, specificity of the response, and various biological effects. The rise in the number of geriatric populations suffering from cardiovascular and cancer should bolster product demand in the region.
Other prominent factors for the increasing demand for tea polyphenols are growing health concerns leading to demand growth for nutraceutical products and green tea, which in turn is likely to drive the market growth in coming years. Advancement in the functional beverage industry attributed to rising demand for healthy drinks is expected to fuel the market demand over the forecast year.
Major players in the tea polyphenols industry include Sun Time Tea Company, Shaanxi Dongyu Tea, Tea’s Me Company, Berkem, Amax Nutrasource Inc., Indena SpA, Martin Bauer Group, Archer Daniels Midland Company, Cymbio Pharma Private Limited, and Future Ceuticals. The key strategies observed among the industry participants include new acquisitions, market penetration, and expansion.