紅茶ポリフェノールの世界市場-2024-2031年

概要

紅茶ポリフェノールの世界市場は、2023年に1億2,520万米ドルに達し、2031年には1億9,508万米ドルに達すると予測され、予測期間2024年～2031年のCAGRは5.7%で成長する見込みです。

紅茶ポリフェノール市場は、紅茶を飲むことが健康に役立つという消費者の知識の高まりによって大きく拡大しています。カメリアシネンシス（Camellia sinensis）植物から採れる紅茶には、テアフラビン、テルビジン、カテキンといった強力な抗酸化資質を持つポリフェノール化学物質が多く含まれています。免疫系、認知機能、心臓血管の健康をサポートするなど、数多くの健康上の利点がこれらのポリフェノールに関係しています。

顧客が健康増進のために自然で有用な成分を求めているため、紅茶ポリフェノールの需要は増加しており、これが製品の革新と市場の拡大に拍車をかけています。さまざまな顧客の嗜好や市場のニッチを満たすため、生産者は栄養補助食品、機能性飲料、化粧品処方など、幅広い紅茶ポリフェノール製品を生み出しています。

紅茶ポリフェノール市場では、ブレンド由来セグメントがシェアの半分以上を占めています。同様に、アジア太平洋が紅茶ポリフェノール市場を独占し、1/3以上の最大市場シェアを獲得しています。スーパーマーケット、ハイパーマーケット、健康食品専門店、オンラインプラットフォームなどの小売チャネルの拡大により、この地域の消費者にとって紅茶ポリフェノール製品がより身近なものとなっています。

ダイナミクス

抗酸化作用に対する消費者の意識の高まり

紅茶ポリフェノール市場は、実際、抗酸化物質の利点に対する消費者の意識の高まりによって大きく牽引されています。紅茶に含まれるフラボノイドやカテキンのようなポリフェノールの強力な抗酸化性は、フリーラジカルや酸化ストレスの有害な影響から身体を守るために不可欠です。紅茶ポリフェノールの抗酸化作用は、人々の健康意識が高まり、健康増進のための自然な方法を求めるようになるにつれ、注目と需要が高まっています。

消費者は、酸化ストレスが健康全般に及ぼす悪影響や、このストレス要因とがん、心臓病、神経疾患などの慢性疾患との関連性をより意識するようになっています。酸化防止剤は、酸化ダメージを軽減し、フリーラジカルを除去することで、特定の医学的疾患を発症する可能性を低減する可能性があります。

紅茶ポリフェノールがフリーラジカルを中和し、酸化ストレスから保護する能力は、第二鉄還元抗酸化力（FRAP）アッセイや酸素ラジカル吸光度（ORAC）アッセイなどの測定法を用いて抗酸化活性を測定した多くの研究によって実証されています。Journal of Agricultural and Food Chemistry誌に掲載された研究によると、紅茶ポリフェノールは緑茶ポリフェノールと同様の抗酸化活性を有しており、紅茶を摂取することで健康効果が得られる可能性が示唆されています。

紅茶産業の拡大と製品革新

最近の紅茶業界では、生産者が従来のルーズリーフやティーバッグの枠を超え、製品の幅を広げています。濃縮ティー、粉末ティー、RTDティー、紅茶に含まれるポリフェノールなどの有益な成分を強化した紅茶ベースの飲料などがこのカテゴリーに含まれます。こうした市場の多様化により、顧客は紅茶ポリフェノールをより入手しやすくなり、市場の拡大に拍車をかけています。

2023年9月、オーガニック製品の供給と意識的な生活のための真のウェルネスソリューションにおける最先端の世界的パイオニアであるORGANIC INDIA USAから、人気のTulsiティーシリーズの最新フレーバー、Tulsi Sweet Rose、アッサム紅茶が発売されました。ハーブの女王とも呼ばれるTulsiにはポリフェノールが含まれ、アーユルヴェーダのアダプトゲンとして、免疫力を高め、ストレスを和らげる作用があるとして、何千年もの間、重宝されてきました。

サプライチェーンの混乱と季節変動

紅茶のサプライチェーンは複雑で、生産、収穫、加工、流通などいくつかのステップがあります。自然災害、不安定な政治環境、労働争議、輸送の問題はすべて、原材料や完成品の移動を妨げるサプライチェーンの混乱を引き起こし、紅茶に含まれるポリフェノールの不足や供給の遅れを引き起こす可能性があります。

例えば、干ばつや洪水などの天候不順は茶園や茶葉の収穫量に影響を与え、供給量の減少や原料紅茶の価格上昇につながる可能性があります。紅茶の生産は季節変動に影響され、世界中の茶産地では1年のうち特定の時期に収穫が行われます。茶樹の成長と発育は、天候パターン、気温、降雨量、日照量などの季節変動に影響されます。

目次

目次

第1章 調査手法と調査範囲

第2章 定義と概要

第3章 エグゼクティブサマリー

第4章 市場力学

• 影響要因
  • 促進要因
    • 抗酸化作用に対する消費者の意識の高まり
    • 茶産業の拡大と製品革新
  • 抑制要因
    • サプライチェーンの混乱と季節変動
  • 機会
  • 影響分析

第5章 産業分析

• ポーターのファイブフォース分析
• サプライチェーン分析
• 価格分析
• 規制分析
• ロシア・ウクライナ戦争の影響分析
• DMIの見解

第6章 COVID-19分析

第7章 由来別

• カメリアシネンシス
• ブレンド

第8章 タイプ別

• カテキン
• テアフラビン類
• テアルビジン
• フラボノール類
• フラバン-3-オール
• その他

第9章 用途別

• 機能性飲料
• 栄養補助食品
• スナック菓子
• 化粧品・パーソナルケア
• その他

第10章 流通チャネル別

• スーパーマーケット/ハイパーマーケット
• オンライン小売
• 専門店
• その他

第11章 地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • フランス
  • イタリア
  • スペイン
  • その他欧州
• 南米
  • ブラジル
  • アルゼンチン
  • その他南米
• アジア太平洋
  • 中国
  • インド
  • 日本
  • オーストラリア
  • その他アジア太平洋地域
• 中東およびアフリカ

第12章 競合情勢

• 競合シナリオ
• 市況/シェア分析
• M&A分析

第13章 企業プロファイル

• ADM BENEO GmbH
  • 会社概要
  • 製品ポートフォリオと説明
  • 財務概要
  • 主な発展
• Sensus B.V.
• Tereos S.A.
• Cosucra Groupe Warcoing S.A.
• Quantum Hi-Tech（China）Biological Co., Ltd.
• Baolingbao Biology Co., Ltd.
• Ningbo J&S Botanics Inc.
• Cargill, Incorporated
• Dupont de Nemours, Inc.
• Ingredion Incorporated

第14章 付録

Overview

Global Black Tea Polyphenols Market reached US$ 125.20 million in 2023 and is expected to reach US$ 195.08 million by 2031, growing with a CAGR of 5.7% during the forecast period 2024-2031.

The market for black tea polyphenols is expanding significantly due to rising consumer knowledge of the advantages drinking black tea has for their health. The Camellia sinensis plant yields black tea, which is high in polyphenolic chemicals with strong antioxidant qualities such theaflavins, therubigins, and catechins. Numerous health advantages, such as support for the immune system, cognitive function, and cardiovascular health, have been connected to these polyphenols.

Black tea polyphenol demand is increasing as customers look for natural and useful components to promote their well-being; this is fueling product innovation and market expansion. To satisfy a variety of customer tastes and market niches, producers are creating a broad range of black tea polyphenol products, such as dietary supplements, functional drinks, and cosmetics formulas.

The blended sourced segment in the black tea polyphenols market accounts for over half of the share. Similarly, Asia-Pacific dominates the black tea polyphenols market, capturing the largest market share of over 1/3rd. The expansion of retail channels, including supermarkets, hypermarkets, specialty health food stores, and online platforms, has made black tea polyphenol products more accessible to consumers across the region.

Dynamics

Rising Consumer Awareness of Antioxidant Benefits

The market for black tea polyphenols is, in fact, significantly driven by consumers' growing awareness of the advantages of antioxidants. Strong antioxidant qualities of polyphenols, such as the flavonoids and catechins in black tea, are essential for shielding the body from the damaging effects of free radicals and oxidative stress. The antioxidant properties of black tea polyphenols have drawn growing attention and demand as people become more health conscious and look for natural ways to enhance their well-being.

Consumers are becoming more conscious of the adverse effects of oxidative stress on their general health and the connection between this stressor and chronic illnesses including cancer, heart disease, and neurological problems. Antioxidants may lessen the chance of developing certain medical disorders by reducing oxidative damage and eliminating free radicals.

Black tea polyphenols' ability to neutralize free radicals and guard against oxidative stress has been demonstrated by numerous studies that have measured their antioxidant activity using assays like the ferric reducing antioxidant power (FRAP) assay and the oxygen radical absorbance capacity (ORAC) assay. According to a study that was published in the Journal of Agricultural and Food Chemistry, black tea polyphenols have antioxidant activity that is similar to that of green tea polyphenols, suggesting that consuming black tea may have health benefits.

Expansion of Tea Industry and Product Innovation

In recent times, the tea industry has experienced a notable expansion in its range of products, as producers have ventured beyond the conventional loose-leaf teas and tea bags. Tea concentrates, powders, ready-to-drink teas, and tea-based drinks enhanced with beneficial components such polyphenols found in black tea are all included in this category. Due to this diversification, customers now have greater access to and availability of black tea polyphenols, which is fueling market expansion.

In September 2023, The newest flavor in the popular tulsi tea line, Tulsi Sweet Rose, Assam Black Tea, was launched by ORGANIC INDIA USA, a cutting-edge worldwide pioneer in organic product supply and genuine wellness solutions for conscious living. While Tulsi, also referred to as the "queen of herbs," contains polyphenols, and it is an ayurvedic adaptogen that has been valued for millennia for its ability to enhance the immune system and relieve stress, rose is valued for its antioxidant properties.

Supply Chain Disruptions and Seasonal Variability

The supply chain for black tea is intricate and has several steps, including production, harvesting, processing, and distribution. Natural catastrophes, unstable political environments, labor strikes, and problems with transportation can all cause supply chain disruptions that impede the movement of raw materials and completed goods, which can cause shortages and delays in the supply of polyphenols found in black tea.

For instance, unfavorable weather patterns like droughts or floods can have an impact on tea plantations and tea yields, which can lead to a decrease in supply and an increase in the cost of raw black tea. The production of black tea is influenced by seasonal variations, with harvests taking place in tea-growing regions across the globe at particular periods of the year. The growth and development of tea plants can be influenced by seasonal variations in weather patterns, temperature, rainfall, and sunlight exposure.

Segment Analysis

The global black tea polyphenols market is segmented based on source, type, application, distribution channel, and region.

The Surging Demand for Blended Black Tea Profiles

Manufacturers can generate unique flavor profiles based on consumer preferences by blending black teas from various sources. Blended-sourced black teas may provide a wide variety of flavor experiences and appeal to a wider customer base by blending teas with different degrees of astringency, body, and scent. Especially for large-scale tea production, blending black teas helps guarantee uniformity in flavor and quality. Manufacturers can lessen the effects of seasonal changes and quality fluctuations in tea by procuring teas from various types.

In June 2023, Bigelow Tea, known for its consistently successful Bigelow signature line of teas, announced in June 2023 the addition of three additional varieties. With its three tea blends-peak energy black tea with extra l-theanine, polyphenols, and caffeine, whispering Wildflowers herbal tea with l-theanine, and ginger honey herbal tea with zinc-Bigelow tea, the leader in the national market and producer of more than two billion tea bags annually, is continuing to revolutionize the tea industry.

Compared to single-origin teas, black teas originating from blends frequently have more nuanced flavor profiles and fragrances. A deeper, more complex sensory experience can be achieved by combining teas with various terroirs, growth environments, and processing techniques. This will appeal to discriminating tea drinkers who want richness and depth in their drinks.

Geographical Penetration

Increasing Trend of Overall Well-being among Asia-Pacific

Many nations in the Asia-Pacific area place a high cultural value on tea, especially black tea. Black tea is a popular choice among customers in countries with extensive traditions of tea consumption, including China, Japan, India, and Sri Lanka. The consistent demand for black tea polyphenols in the area can be attributed to this shared cultural fondness for tea consumption.

According to Euromonitor statistics, Black tea is the most popular tea in the world, accounting for about 75% of global tea consumption. In Asia, black tea is still the most popular tea due to its wide availability and affordable price. For example, in Malaysia, about 80% of tea consumed is black tea. The United Nations Food and Agriculture Organization (FAO) believes that global black tea production will grow by 2.1%, with China leading the charge in the coming years.

Consumers in the Asia-Pacific area is becoming more conscious of the health advantages of black tea polyphenols. Growing emphasis on wellness and preventive healthcare has led customers to look for functional food and beverage products that provide more than just basic nourishment for their health. Antioxidant qualities of black tea polyphenols are well recognized, and they may aid in preventing oxidative stress and promoting general health.

COVID-19 Impact Analysis

The market for black tea polyphenols has been affected by the COVID-19 epidemic in many ways. On the one hand, consumer interest in functional components like polyphenols-found in black tea, among others-has surged due to the pandemic's increased focus on immunity and wellness. Black tea polyphenol-containing functional foods and dietary supplements saw a spike in demand as consumers looked for ways to strengthen their immune systems and general well-being.

On the other hand, suppliers and producers of black tea polyphenol extracts have faced difficulties as a result of lockdowns and limitations that have disrupted the worldwide supply chain and production processes. Additionally, the sales of high-end black tea polyphenol products may have been impacted by alterations in consumer spending patterns, such as a decrease in discretionary expenditure and a shift toward necessities.

Russia-Ukraine War Impact Analysis

The market for black tea polyphenols has seen major uncertainty and disruptions as a result of the Russia-Ukraine war. Since Ukraine is one of the world's top producers of black tea, interruptions in the country's supply and production could have an effect on the cost and accessibility of extracts containing black tea polyphenols. The global commerce of black tea polyphenols may also be impacted by changes in import-export laws and currency exchange rates brought on by geopolitical unrest and trade interruptions.

Furthermore, the region's economic instability brought on by the war may have an effect on consumer spending power and the demand for high-end black tea polyphenol goods. In general, the Russia-Ukraine war raises concerns about supply chain interruptions, market instability, and alterations in consumer behavior that may have an immediate to medium-term effect on the black tea polyphenols market.

By Source

• Camellia Sinensis
• Blended

By Type

• Catechins
• Theaflavins
• Thearubigins
• Flavonols
• Flavan-3-ols
• Others

By Application

• Functional Beverages
• Dietary Supplements
• Flavored Snacks
• Cosmetics & Personal Care
• Others

By Distribution Channel

• Supermarkets/Hypermarkets
• Online Retail
• Specialty Stores
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In July 2022, Nature's Bounty Co. launched a new product line of black tea polyphenols capsules, aimed at promoting antioxidant support and overall well-being. These capsules contain concentrated black tea polyphenol extracts known for their potential health benefits, including cardiovascular health and cognitive function support.
• In November 2021, Taiyo International Inc., a leading manufacturer of functional ingredients, announced a collaboration with Organic India Pvt. Ltd., a prominent producer of organic herbal products. The partnership aimed to develop innovative black tea polyphenol-infused herbal tea blends, combining the health benefits of black tea polyphenols with Organic India's expertise in herbal formulations.
• In December 2020, Givaudan S.A., a global leader in the fragrance and flavor industry, completed the acquisition of Naturex S.A., a major supplier of natural ingredients including botanical extracts. Naturex S.A. had a portfolio that included black tea polyphenol extracts. This acquisition strengthened Givaudan's capabilities in natural ingredients, including black tea polyphenols, for use in various applications such as food, beverages, and personal care products.

Competitive Landscape

The major global players in the market include Taiyo GmbH, Indena S.p.A., Naturex S.A., Chr. Hansen Holding A/S, DuPont de Nemours, Inc., Nature's Bounty Co., Organic India Pvt. Ltd., Finlay Extracts & Ingredients USA, Inc., FutureCeuticals, Inc., and Amax NutraSource, Inc.

Why Purchase the Report?

• To visualize the global black tea polyphenols market segmentation based on source, type, application, distribution channel, and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of black tea polyphenols market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global black tea polyphenols market report would provide approximately 70 tables, 67 figures, and 209 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

Table of Contents

Table of Contents

1.Methodology and Scope

• 1.1.Research Methodology
• 1.2.Research Objective and Scope of the Report

2.Definition and Overview

3.Executive Summary

• 3.1.Snippet By Source
• 3.2.Snippet by Type
• 3.3.Snippet by Application
• 3.4.Snippet by Distribution Channel
• 3.5.Snippet by Region

4.Dynamics

• 4.1.Impacting Factors
  • 4.1.1.Drivers
    • 4.1.1.1.Rising Consumer Awareness of Antioxidant Benefits
    • 4.1.1.2.Expansion of Tea Industry and Product Innovation
  • 4.1.2.Restraints
    • 4.1.2.1.Supply Chain Disruptions and Seasonal Variability
  • 4.1.3.Opportunity
  • 4.1.4.Impact Analysis

5.Industry Analysis

• 5.1.Porter's Five Force Analysis
• 5.2.Supply Chain Analysis
• 5.3.Pricing Analysis
• 5.4.Regulatory Analysis
• 5.5.Russia-Ukraine War Impact Analysis
• 5.6.DMI Opinion

6.COVID-19 Analysis

• 6.1.Analysis of COVID-19
  • 6.1.1.Scenario Before COVID
  • 6.1.2.Scenario During COVID
  • 6.1.3.Scenario Post COVID
• 6.2.Pricing Dynamics Amid COVID-19
• 6.3.Demand-Supply Spectrum
• 6.4.Government Initiatives Related to the Market During Pandemic
• 6.5.Manufacturers Strategic Initiatives
• 6.6.Conclusion

7.By Source

• 7.1.Introduction
  • 7.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
  • 7.1.2.Market Attractiveness Index, By Source
• 7.2.Camellia Sinensis*
  • 7.2.1.Introduction
  • 7.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
• 7.3.Blended

8.By Type

• 8.1.Introduction
  • 8.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 8.1.2.Market Attractiveness Index, By Type
• 8.2.Catechins*
  • 8.2.1.Introduction
  • 8.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3.Theaflavins
• 8.4.Thearubigins
• 8.5.Flavonols
• 8.6.Flavan-3-ols
• 8.7.Others

9.By Application

• 9.1.Introduction
  • 9.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 9.1.2.Market Attractiveness Index, By Application
• 9.2.Functional Beverages*
  • 9.2.1.Introduction
  • 9.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
• 9.3.Dietary Supplements
• 9.4.Flavored Snacks
• 9.5.Cosmetics & Personal Care
• 9.6.Others

10.By Distribution Channel

• 10.1.Introduction
  • 10.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
  • 10.1.2.Market Attractiveness Index, By Distribution Channel
• 10.2.Supermarkets/Hypermarkets*
  • 10.2.1.Introduction
  • 10.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
• 10.3.Online Retail
• 10.4.Specialty Stores
• 10.5.Others

11.By Region

• 11.1.Introduction
  • 11.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 11.1.2.Market Attractiveness Index, By Region
• 11.2.North America
  • 11.2.1.Introduction
  • 11.2.2.Key Region-Specific Dynamics

Market Size Analysis and Y-o-Y Growth Analysis (%), By Source

• 11.2.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
• 11.2.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
• 11.2.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
• 11.2.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  • 11.2.6.1.U.S.
  • 11.2.6.2.Canada
  • 11.2.6.3.Mexico
• 11.3.Europe
  • 11.3.1.Introduction
  • 11.3.2.Key Region-Specific Dynamics

Market Size Analysis and Y-o-Y Growth Analysis (%), By Source

• 11.3.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
• 11.3.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
• 11.3.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
• 11.3.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  • 11.3.6.1.Germany
  • 11.3.6.2.UK
  • 11.3.6.3.France
  • 11.3.6.4.Italy
  • 11.3.6.5.Spain
  • 11.3.6.6.Rest of Europe
• 11.4.South America
  • 11.4.1.Introduction
  • 11.4.2.Key Region-Specific Dynamics

Market Size Analysis and Y-o-Y Growth Analysis (%), By Source

• 11.4.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
• 11.4.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
• 11.4.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
• 11.4.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  • 11.4.6.1.Brazil
  • 11.4.6.2.Argentina
  • 11.4.6.3.Rest of South America
• 11.5.Asia-Pacific
  • 11.5.1.Introduction
  • 11.5.2.Key Region-Specific Dynamics
  • 11.5.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
  • 11.5.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 11.5.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 11.5.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
  • 11.5.7.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 11.5.7.1.China
    • 11.5.7.2.India
    • 11.5.7.3.Japan
    • 11.5.7.4.Australia
    • 11.5.7.5.Rest of Asia-Pacific
• 11.6.Middle East and Africa
  • 11.6.1.Introduction
  • 11.6.2.Key Region-Specific Dynamics
  • 11.6.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Source
  • 11.6.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 11.6.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 11.6.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel

12.Competitive Landscape

• 12.1.Competitive Scenario
• 12.2.Market Positioning/Share Analysis
• 12.3.Mergers and Acquisitions Analysis

13.Company Profiles

• 13.1.ADM BENEO GmbH*
  • 13.1.1.Company Overview
  • 13.1.2.Product Portfolio and Description
  • 13.1.3.Financial Overview
  • 13.1.4.Key Developments
• 13.2.Sensus B.V.
• 13.3.Tereos S.A.
• 13.4.Cosucra Groupe Warcoing S.A.
• 13.5.Quantum Hi-Tech (China) Biological Co., Ltd.
• 13.6.Baolingbao Biology Co., Ltd.
• 13.7.Ningbo J&S Botanics Inc.
• 13.8.Cargill, Incorporated
• 13.9.Dupont de Nemours, Inc.
• 13.10.Ingredion Incorporated

LIST NOT EXHAUSTIVE

14.Appendix

• 14.1.About Us and Services
• 14.2.Contact Us