L-THEANINE EXTRACTS MARKET ANALYSIS

L-theanine Extracts improves learning capability and memory of brain, have preventive effects against parkinson disease, climacteric syndrome, senile dementia, neuro-malfunction disease, have an effect of cardiac diuretic and hemangiectasis, and is beneficial to prevent hepatic coma, dysmnesia, and hypophrenia. The consumption of L-theanine Extracts has been reported to have a number of modulatory effects on brain function, including the generation of electric pulses on the brain surface called brain waves.

The global L-theanine Extracts market is expected to surpass US$ 99.01 Mn by the end of 2030 in terms of revenue, exhibiting a CAGR of 8.21% during the forecast period (2022 to 2030).

Drivers

Growing usage of L-theanine Extracts in the healthcare products and pharmaceutical applications is expected to drive the market growth. L-theanine Extracts increases dopamine and serotonin production in the brain and induces relaxation through the enhancement of alpha wave activity in brain. L-theanine Extracts, as chemotherapeutic agent, competitively inhibits glutamate transport into the infected tumor cells, can also decrease intracellular glutathione (GSH) levels. L-theanine can improve learning capability and memory of brain, have preventive effects against parkinson disease, climacteric syndrome, senile dementia, neuro-malfunction disease, have an effect of cardiac diuretic and hemangiectasis, and is beneficial to prevent hepatic coma, dysmnesia, and hypophrenia.

Among region, Asia Pacific held dominant position in the global L-theanine Extracts market in 2021, accounting for 38.15% market share, in terms of revenue, followed by North America and Europe. Asia Pacific is the largest consumer of L-theanine Extracts. Countries such as China and India are the largest consumers of L-theanine Extracts which is used in food & beverages, healthcare and pharmaceutical applications, owing to their rapidly growing population. Rapidly expanding food & beverages industry is expected to drive food and beverage production. Moreover, the popularity of western diets in Asia Pacific region will boost the food and beverages industry, which in turn is expected to drive the L-theanine Extracts market during forecast period. According to the data provided by the Department of Industrial Policies and Promotion (DIPP), the food processing sector in India has received around US$ 7.54 billion worth of Foreign Direct Investment (FDI) during the period April 2000-March 2017. Thus, such investments are expected to boost the food and beverages sectors, which in turn is expected to drive the L-theanine Extracts market during forecast period in the region.

Figure 1. Global L-theanine Extracts Market Revenue Share (%), By Region, 2021

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Market Restraints

L-theanine Extracts is used as ingredients and raw materials in the manufacturing of food & beverages, pharmaceutical products, and healthcare products. It isn't clear if L-theanine is safe to use for longer periods of time. It might cause mild side effects, such as headache or sleepiness. Thus, several rules and regulations have been set by statutory governing bodies for its usage. These factors are expected to hinder the demand for L-theanine Extracts to some extent. Additionally, lack of universal directives pertaining to applications of L-theanine Extracts is expected to restrain the market growth. Every country has their own rules and regulations pertaining to applications and usage of L-theanine Extracts. Market players finds it very difficult to cope with such country-wise regulations, which in turn discourages the investment in market, thereby restraining the market growth.

Market Trends

L-theanine Extracts acts as an effective intermediate in the synthesis of food and beverage, healthcare products and pharmaceutical products. Moreover, properties of L-theanine Extracts like higher thermal stability and bio-based nature are triggering its demand as an effective raw material in the production of pharmaceutical products. L-theanine Extracts contains essential amino acid that is not produced by the body and is uncommon in dietary products. Therefore, it is required to be absorbed through food supplements. The natural sources for L-theanine are bay bolete mushrooms, green tea, and black tea. It promotes relaxation without drowsiness, which helps in relieving stress. In addition, it also increases immunity, has anti-cancer properties, and helps in regulating blood pressure and sleep.

Figure 2. Global L-theanine Extracts Market Revenue Share (%), By Applications, 2021

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On the basis of Applications, in 2021, food & beverages application segment held largest revenue share of 47.7% in global L-theanine Extracts market. The consumption of L-theanine Extracts is increasing in because it increases dopamine and serotonin production in the brain and induces relaxation through the enhancement of alpha wave activity in brain. L-theanine Extracts acts as a chemotherapeutic agent, competitively inhibits glutamate transport into the infected tumor cells, can also decrease intracellular glutathione (GSH) levels.

Global L-theanine Extracts Market - Impact of Coronavirus (Covid-19) Pandemic

Many countries had imposed lockdowns to lower the spread of the COVID-19. The lockdown in various countries had resulted in the shutting down of businesses and almost all economic activities. For instance, according to the International Monetary Fund, the global economy had declined sharply by -3.0% in 2020, which was much worse than the 2008-09 financial crisis. The COVID-19 pandemic had impacted major producers of food & beverages such as and the entire ecosystem of the chemical industry including raw material suppliers, formulators, distributors, and retailers.

Competitive Section

Key players operating in the global L-theanine extracts market include Taiyo Kagaku, Blue California, Infré, ZheJiang TianRui Chemical, Qu Zhou Joy Chemical, Sichuan Tongsheng Amino Acid, Changzhou Golden Bright, FarmaSino Pharmaceuticals, Hangzhou Qinyuan, and Wuxi Southern Yangtze.