Global Epigallocatechin Gallate (EGCG) Market Size To Worth USD 2.51 Billion By 2033 | CAGR of 9.42%
Category: HealthcareGlobal Epigallocatechin Gallate (EGCG) Market Size To Worth USD 2.51 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Epigallocatechin Gallate (EGCG) Market Size is Expected to Grow From USD 1.02 Billion in 2023 to USD 2.51 Billion By 2033, at a CAGR of 9.42% during the Forecast Period 2023-2033.
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Browse key industry insights spread across 240 pages with 120 Market data tables and figures & charts from the report on the "Global Epigallocatechin Gallate (EGCG) Market Size, Share, and COVID-19 Impact Analysis, By Source (Green Tea and Others), By Formulation Type (Powders, Tablets, Liquids, Capsules, and Others), By Indications (Pharmaceuticals, Dietary Supplements, Functional Foods and Beverages, Cosmetics, and Others), By Distribution Channel (Specialty Stores, Online Stores, Supermarkets, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/epigallocatechin-gallate-egcg-market
The epigallocatechin gallate (EGCG) market is a growing industry that uses green tea's natural compound, EGCG, for its antioxidant properties and potential health benefits. EGCG, found in various fruits and vegetables, has been linked to health benefits in conditions like obesity, diabetes, stroke, Parkinson's, and cancer. Green tea polyphenols, including EGCG, have antioxidant and free radical scavenging properties and have been shown to have anti-obesity, anti-inflammatory, anti-diabetic, anti-arteriosclerotic, and weight-loss capabilities. The market is expanding due to increasing consumer awareness of the health benefits of green tea extracts and the demand for natural, sourced ingredients. Green tea contains EGCG, which has been scientifically proven to have antioxidant qualities, aid in weight management, enhance brain function, and potentially prevent cancer. As health-conscious consumers become more health-conscious, the demand for EGCG is expected to rise, accelerating market growth in the coming years. However, the stringent regulatory guidelines may hinder the growth of the market.
The green tea segment held the largest share in 2023 and is predicted to grow at a significant CAGR during the predicted period.
Based on the source, the global epigallocatechin gallate (EGCG) market is categorized as green tea and others. Among these, the green tea segment held the largest share in 2023 and is predicted to grow at a significant CAGR during the predicted period. The growth of the segment is attributed to its rich source of epigallocatechin gallate, enhanced metabolic rate, antioxidants, widespread use due to polyphenols' beneficial effects on chronic diseases like cardiovascular, diabetes, and neurodegenerative disorders, and increasing demand for natural supplements.
The capsules segment held the highest market share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on the formulation type, the global epigallocatechin gallate (EGCG) market is categorized as powders, tablets, liquids, capsules, and others. Among these, the capsules segment held the highest market share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. The segmental expansion is driven by patient convenience, ease of administration, bioavailability, precise dosing, cost-effectiveness, taste masking, rapid symptom relief, excellent stability, and controlled drug delivery system availability.
The dietary supplements segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on the indications, the global epigallocatechin gallate (EGCG) market is categorized as pharmaceuticals, dietary supplements, functional foods and beverages, cosmetics, and others. Among these, the dietary supplements segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. The segment expansion is driven by the availability of essential nutrients like vitamins and fibers, improved health, immunity boosters, rising demand for naturally derived dietary supplements due to aesthetic living, and widespread usage by geriatric populations.
The online stores segment held the largest share in 2023 and is predicted to grow at a significant CAGR during the predicted period.
Based on the distribution channel, the global epigallocatechin gallate (EGCG) market is categorized as specialty stores, online stores, supermarkets, and others. Among these, the online stores segment held the largest share in 2023 and is predicted to grow at a significant CAGR during the predicted period. The segment's growth is attributed to personalized recommendations, time-saving features, online shopping trends, EGCG product variety, reviews, price comparison, discounts, authenticity, and fast shipping, contributing to its overall growth.
North America is expected to hold the greatest share of the global epigallocatechin gallate (EGCG) market over the forecast period.
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North America is expected to hold the greatest share of the global epigallocatechin gallate (EGCG) market over the forecast period. The North American EGCG market is experiencing growth due to health and well-being concerns and increased consumer awareness. The demand for natural and organic items, particularly functional foods and dietary supplements, is high. The US and Canada, with their research infrastructure, are major contributors. The market is expected to grow gradually with new product offerings and growing distribution networks.
Asia Pacific is predicted to grow at the fastest CAGR throughout the estimated period. The Asia Pacific region is experiencing significant growth due to the consumption and production of green tea in China, Japan, and India. China is a major producer of green tea, which is used to extract EGCG, a key ingredient in EGCG-based products. The market is expected to grow at a CAGR due to its traditional use in cultures and growing health consciousness.
Major key players in the global epigallocatechin gallate (EGCG) market are Blue California, Indena S.p.A., Hunana Nutramax Inc., Changsha Organic Herb Inc., Wuhan Vanz Pharma Inc., Tate and Lyle, Glentham Life Sciences, Riotto Botanical, Yangling Ciyuan Biotech, DSM Nutritional Products, Taiyo International, Xian Greena Biotech Co., Ltd., and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In July 2024, Pharmasset Inc., a late-preclinical pharmaceutical development company, received the US FDA approval of Orphan Drug Designation (ODD) for its high-purity, high-potency drug, epigallocatechin gallate (EGCG), a component of green tea being developed for treating inflammatory bowel disease.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global epigallocatechin gallate (EGCG) market based on the below-mentioned segments:
Global Epigallocatechin Gallate (EGCG) Market, By Source
- Green Tea
- Others
Global Epigallocatechin Gallate (EGCG) Market, By Formulation Type
- Powders
- Tablets
- Liquids
- Capsules
- Others
Global Epigallocatechin Gallate (EGCG) Market, By Indications
- Pharmaceuticals
- Dietary Supplements
- Functional Foods and Beverages
- Cosmetics
- Others
Global Epigallocatechin Gallate (EGCG) Market, By Distribution Channel
- Specialty Stores
- Online Stores
- Supermarkets
- Others
Global Epigallocatechin Gallate (EGCG) Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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