San Francisco, January 16, 2014. The global market for tea polyphenols is expected to reach USD 367.7 million by 2020, according to a new research report by Grand View Research, Inc. Growing consumer awareness regarding nutritional benefits offered by tea polyphenols is expected to boost market demand over the forecast period. Grand View Research further observes that growing aging population mainly in Japan and Western Europe is expected to drive the market for tea polyphenols over the next six years. In addition, the changing lifestyle has led to increased global prevalence of diabetes and cancer, which has resulted in a shift to consume nutraceutical products including tea polyphenols.
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Further key findings from the study suggest:
Global tea polyphenols demand is expected to be 9,169.9 tons by 2020, growing at a CAGR of 8.3% from 2013 to 2020.
Functional beverages were the largest application segment of tea polyphenols and accounted over 40% of the total demand in 2012. Functional beverages are also expected to be the fastest growing application segment with an estimated CAGR of 8.6% from 2013 to 2020. Functional beverages were followed by functional food which accounted for over 30% of the total demand in 2012.
Asia Pacific dominated the global market and accounted for 40% of the total demand in 2012. Growing aging population, mainly in Japan, coupled with increasing consumer spending on nutraceutical products in China and India has been ddriving the market for tea polyphenols in the region. As a result, Asia Pacific is also expected to be the fastest growing market for tea polyphenols at an estimated CAGR of 9.2% from 2013 to 2020. Asia Pacific was followed by Europe and North America which together accounted for over half of the global market in 2012.
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Table Of Contents:
Chapter 1 Executive Summary
1.1 Tea Polyphenols – Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Tea Polyphenols Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Tea Polyphenols Market Dynamics
2.4 Key Opportunities Prioritized
2.5 Industry Analysis – Porter’s
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Chapter 3 Tea Polyphenols Product Outlook
3.1 Green Tea Polyphenols
3.2 Oolong Tea Polyphenols
3.3 Black Tea Polyphenols
Chapter 4 Tea Polyphenols Application Outlook
4.1 Functional Beverages
4.2 Functional Food
4.3 Dietary Supplements
4.4 Other (including coloring agents, cosmetics, etc.)
Chapter 5 Tea Polyphenols Regional Outlook
5.1 North America
5.3 Asia Pacific
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