The tea extracts global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Tea Extracts Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The tea extracts market size has grown strongly in recent years. It will grow
from $4.14 billion in 2023 to $4.44 billion in 2024 at a compound annual growth
rate (CAGR) of 7.0%. The growth in the historic period can be
attributed to traditional use in asian cultures, increased consumer awareness
of health benefits, antioxidant properties and health claims, growth in demand
for functional beverages, expansion into non-alcoholic beverage industry.
The tea extracts market size is expected to see strong growth in the next few
years. It will grow to $5.81 billion in
2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be
attributed to rising popularity of specialty and herbal teas, shift towards
natural and plant-based ingredients, increasing application in functional foods
and supplements, research and development in tea extract bioactives, e-commerce
and direct-to-consumer sales channels
. Major trends in the forecast period include innovation in tea extract
formulations (e.g., concentrates, powders), premium and specialty tea extracts,
innovative product formulations, clean label and natural extraction processes,
beauty and personal care applications.
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Scope Of Tea Extracts Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Tea Extracts Market Overview
Market Drivers -
The rise in demand for dietary supplements is expected to propel the growth of
the tea extract market going forward. Dietary supplements are a vast range of
ingestible goods that are distinguishable from regular foods and
pharmaceuticals, which are utilized all over the world. Tea extracts,
especially green tea extracts, are commonly utilized in the manufacturing of
dietary supplements. Tea extract dietary supplements aid in blood sugar
regulation, blood pressure regulation, weight management, disease prevention,
and workout recovery. For instance, in October 2021, according to a Consumer
Survey on Dietary Supplements, conducted by The Council for Responsible
Nutrition (CRN), a US-based trade association for the dietary supplement and
functional food industry, 80% of Americans were using dietary supplements.
Therefore, an increasing demand for dietary supplements is driving the growth
of the tea extract market.
The tea extracts market covered in this report is segmented –
1) By Type: Black Tea, Oolong Tea, Green Tea, Other Types
2) By Nature: Organic, Conventional
3) By Form: Powder, Liquid
4) By Application: Food and Beverages, Pharmaceuticals, Cosmetics, Other
Applications
5) By Distribution Channel: Online, Offline
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Regional Insights -
North America was the largest region in the tea extracts market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the tea extracts market report include
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East and Africa.
Key Companies -
Major companies operating in the tea extracts market include Taiyo International Ltd., AVT Tea Sources
Ltd., DuPont de Nemours Inc., Futureceuticals Inc., Kemin Industries, Synthite
Industries Ltd., Archer Daniels Midland Co., Frutarom Ltd., Martin Bauer Group
Ltd., Indena SPA, Teawolf LLC, Phyto Life Sciences Pvt. Ltd., Halssen &
Lyon GmbH, Harrisons Tea Ltd., Synergy Flavors Inc., FInlay Tea Solutions Ltd.,
Tata Global Beverages Ltd., Givaudan SA, Dehe Bio-tech Co. Ltd., Hainan Qunli
Co. Ltd., Sichuan Yujia Tea Co. Ltd., ADM WILD Europe GmbH & Co.KG, Allen
Flavors Inc., Amelia Bay Systems, Damin Food Co. Ltd., Dohler GmbH, Goodricke
Group Limited, Robertet Group SA, ShanShan Tea Co. Ltd., Shenzhen Shenbao
Huacheng Tech. Co. Ltd.
Table of Contents
1. Executive Summary
2. Tea Extracts Market Report Structure
3. Tea Extracts Market Trends And Strategies
4. Tea Extracts Market – Macro Economic Scenario
5. Tea Extracts Market Size And Growth
…..
27. Tea Extracts Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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