Is the global green tea polyphenols market growing? Yes, according to Grandview Research, Inc., which issued a market research report on the overall global market for tea polyphenols. Green tea polyphenols accounted for more than 70 percent of the global tea polyphenols market and was also the fastest growing segment.
Green tea polyphenols are expected to grow at a compound annual growth (CAGR) rate of 8.8 percent through 2020, according to the report.
The report also forecast robust growth in the total tea polyphenols market. Total tea polyphenols sales – including all types of tea – is expected to grow to $367,000,000 by 2020, with a CAGR of 8.3 percent in the period 2013-2020. Total global demand for all tea polyphenols will grow to more than 9,000 tons, according to the report.
Other findings from the report:
– Functional beverages accounted for 40 percent of 2012 demand for tea polyphenols, and functional beverages will grow at an estimated CAGR of 8.6 percent between 2012 and 2020.
– Asia Pacific accounted for 40% of total demand in 2012, and will grow use of tea polyphenols at an estimated 9.2 CAGR of percent between 2012 to 2020.