London, 12 March 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Tea Polyphenols Market 2015-2019, which is expected to grow steadily at a CAGR of 7.42 percent during the forecast period of 2014-2019.
The growing awareness among the public about the health benefits of tea polyphenols as a dietary supplement and functional beverage also fuels the market growth. The aging global population is driving the demand for tea polyphenols in the form of teas, ready-to-drink teas, nutraceutical supplements, and functional beverages.
“The growing consumer focus on health and wellness foods coupled with the health benefits of tea polyphenols make them a product of high demand,” says Faisal Ghaus, Vice President of TechNavio.
“The health benefits of tea polyphenols from weight loss to longevity and heart health also open up the market for product developers to come up with new product formats with functional ingredients to increase the consumer interest and the sales in the market.”
Key Market Drivers
- Increase in Consumer Awareness
- Aging Population in Japan and Europe
- Increased Incidence of Diabetes and Obesity
- Change in Lifestyles
Key Market Trends
- Innovations in Functional Beverages
- Multi-nutritional Health Capsule from Tea Extracts
- Increased Awareness
Key Market Vendors
- Ajinomoto OmniChem Natural Specialty
- Amax NutraSource Inc.
- Frutarom Ltd.
- Indena SpA
- Layn Natural Ingredients Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
