The global L-theanine extracts market is estimated to be valued at US$ 48.82 Mn in 2021, according to Global L-theanine Extracts Market Report, by Product (Chemical Synthesis, Microbial Fermentation, and Tea Extracts), by Application (Food and Beverage, Healthcare Products, and Pharmaceutical Industry), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
- The global L-theanine extracts market is expected to surpass US$ 99.01 Mn by 2030, exhibiting a CAGR of 8.21% during the forecast period (2022-2030). L-theanine extracts contains is an amino acid. The human body does not produce this compound. L-theanine can be extracted from green tea, black tea, and certain types of mushroom. L-theanine extract may affect the levels of certain chemicals in the brain. These include serotonin and dopamine, which influence mood, sleep, and emotion, and cortisol, which helps the body deal with stress. L-theanine extract may improve a person’s attention and reaction times. In combination with caffeine, it may lead to improvements in their number skills and alertness. It can also acts a stimulant, so it can help people stay alert and focused. L-theanine extracts involves a great number of health benefits and dietary supplements containing this molecule are becoming increasingly popular.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/l-theanine-extratcs-market-5119
Browse 30 market data tables* and 24 figures* on "Global L-theanine Extracts Market” - Forecast to 2030.
Key Trends and Analysis of the Global L-theanine Extracts Market:
- Among region, North America accounted for the share of 30.06% in 2021 in the global L-theanine extracts market. 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. North American food & beverages market is mainly driven by the increasing number of restaurants, fast-food chains, and food delivery apps such as grub hub, caviar, and others. Additionally, rising demand for organic, natural and fresh foods among consumers due to rising health awareness is expected to drive the demand for L-theanine extracts, thereby driving market growth.
Key Takeaways of the Global L-theanine Extracts Market:
- Among product type, chemical synthesis product segment held highest market share in the global L-theanine extracts market. The chemical synthesis of theanine involves the reaction of g -benzyl glutamate in the presence of trityl chloride and ethylamine. Chemical synthesis of L-theanine, or its purported extraction from green tea. L-Theanine can be obtained by chemical synthesis or isolation from tea. Chemical synthesis of theanine is a relatively complex multistep process whereas isolation of L-theanine from tea in high purity generally involves time-consuming, cost-ineffective, and complicated operational processes.
- Major 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. The key players operating in this market are adopting various organic and inorganic growth strategies such as merger & acquisition, products launches, collaboration, joint ventures, strategic alliances and R&D activities to expand their business operations and regional presence.
Global L-theanine Extracts Market - Impact of Coronavirus (Covid-19) Pandemic
- The global economy has been affected by the coronavirus pandemic, as governments across the globe imposed lockdown measures to curb the movement of people. Due to these lockdowns, industrial activities halted and international travel was ceased. These measures had a significant toll on almost all industrial sectors. Factories and manufacturing facilities also faced supply chain breakdowns and labor shortages.
- The COVID-19 pandemic continues to wreak havoc on the supply chain of the L-theanine Extracts industry. Various countries and sub-regions such as the U.S., Germany, France, China, India, Japan, South Korea, Taiwan, and ASEAN are prominent markets, in terms of both production and consumption of L-theanine extracts. These countries are most heavily impacted by the COVID-19. The pandemic has slowed the L-theanine extracts manufacturing projects due to labor shortage and disruption in the supply of raw materials. Due to such interruptions to global trade, the projects under construction were delayed, resulting in higher capital expenditure (CAPEX) for such atomic layer deposition manufacturing projects, which in turn halted the supply of L-theanine extracts.
- According to OECD (Organization for Economic Co-Operation & Development) in March 2020, the COVID-19 forced the chemical industry to shut down entire plants. Due to the coronavirus pandemic, the world is facing unprecedented challenges. Fatty acid manufacturing companies are facing problems owing to supply-demand disruption and building long-term strategies have become difficult. Growing concerns about freight rates and container shortages had cumulatively made supply chain problems worse. As a result, raw material prices increased sharply and thus, created panic situation for fatty acid methyl ester manufacturers.
