Global demand for the Tea Extracts market was valued over USD 2.6 Billion in 2019 and is expected to reach a CAGR of 4.7% between 2019 and 2025.
This report analyzes and estimates the Tea Extracts market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with forecast from 2020 to 2025 based on value (USD Million). The report offers detailed insights of the Tea Extracts market drivers and restraints along with their impact analysis at global level from 2015 to 2025.
The report covers in-depth analysis of the strategies adopted by major competitors in the global Tea Extracts market. To understand the competitive landscape in the global Tea Extracts market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.
The research study provides a decisive view on the global Tea Extracts market based on Source, Packaging Process, Raw Material, End-Use, and Region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025.
Increasing demand for premium quality or convenience food and the multiple applications of tea are anticipated to fuel the growth of the Tea Extracts market. The increasing population is one of the primary reasons for propelling the sales of tea extracts across various regions. In addition, the rising inclination of people and food industry toward botanical extracts such as functional or flavoring ingredients is projected to help enhance the demand for tea extracts during the forecast period. Moreover, the innovative application of tea flavors in various food products including bakery & confectionery products, dairy products, and frozen desserts is anticipated to surge the market growth. The growing familiarity among consumers over tea flavor-based food products will further support the expansion of the Tea Extracts market.
The increasing demand for a healthy alternative compared to caffeinated drinks owing to tea extracts’ antioxidant properties and anti-inflammatory characteristics are likely to make a preferred beverage among consumers. Moreover, the various emerging and small-scale firms producing generic tea extracts in the Chinese market is predicted to help the Asia Pacific Tea Extracts market expand. The increasing standard of living and growing FDI in myriad countries helps open new opportunities for the Tea Extracts market.
On the basis of type, the global Tea Extracts market is sectored into Green Tea, Black Tea, Oolong Tea, and Others. Based on category, the market for tea extracts is segmented into Organic and Conventional. In terms of form, the market is segregated into Liquid and Powder. By application, the tea extracts market is categorized into Food, Beverages, Pharmaceuticals, and Cosmetics. The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.
Some of the key players of the global Tea Extracts market include Dupont, Archer Daniels Midland, Givaudan, Synthite Industries Ltd., Martin Bauer Group, Synergy Flavors, Finlays, A.Holliday & Co., Frutarom, Kemin Industries, Amax Nutrasource Inc., Indena SPA, Halssen & Lyon GMBH, Futureceutical, Teawolf, Cymbio Pharma Pvt. Ltd., Phyto Life Sciences Pvt Ltd., AVT Tea Sources Ltd., Taiyo International, and Harrisons Tea.
The report on the global Tea Extracts market is segmented into:
Global Tea Extracts Market: By Type Segmentation Analysis
Global Tea Extracts Market: By Form Segmentation Analysis
Global Tea Extracts Market: By Category Segmentation Analysis
Global Tea Extracts Market: By Application Segmentation Analysis
Global Tea Extracts Market: By Regional Segmentation Analysis