Market Research Report
Tea Extracts Global Market Report 2022
|Tea Extracts Global Market Report 2022|
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
“Tea Extracts Global Market Report 2022 ” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global tea extracts market.
This report focuses on tea extracts market which is experiencing strong growth. The report gives a guide to the tea extracts market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the tea extracts market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Tea Extracts market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider tea extracts market, and compares it with other markets.
Major players in the tea extracts market are: Taiyo International, AVT Tea Sources Ltd., Dupont, Futureceuticals, Kemin Industries, Synthite Industries Ltd, Archer Daniels Midland, Frutarom, Martin Bauer Group, Indena SPA, Teawolf, Phyto Life Sciences Pvt Ltd, Halssen & Lyon GmbH, Harrisons Tea, Synergy Flavors, FInlay Tea Solutions Ltd., Tata Global Beverages, Givaudan, Dehe Bio-tech CO. LTD, Hainan Qunli, Sichuan Yujia Tea, ADM WILD Europe GmbH & Co.KG, Allen Flavors Inc., Amelia Bay, Damin Food (Zhangzhou) Co. Ltd., Dohler, Goodricke Group Limited, Quala, Robertet Group, ShanShan Tea, and Shenzhen Shenbao Huacheng Tech.Co. Ltd.
The global tea extracts market is expected to grow from $3.46 billion in 2021 to $3.83 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The tea extracts market is expected to grow to $5.05 billion in 2026 at a CAGR of 7.1%.
The tea extract market consists of sales of tea extracts by entities (organizations, sole traders, and partnerships) that is used to promote weight loss, blood sugar regulation, and disease prevention. Tea extracts refer to supplements that are derived from the tea plant. It contains concentrated compounds of antioxidants, polyphenols, vitamins, and flavonoids. Tea extracts have been linked to a variety of health benefits, including supporting heart, liver, and brain function, as well as enhancing skin appearance and lowering cancer risk.
The main types of tea extracts are black tea, oolong tea, green tea, and other types. Black tea extracts refer to extracts made from black tea. Black tea uses the Camellia Sinensis bush to make black tea. Caffeine and other stimulants and antioxidants are present in black tea. The different types of nature include organic and conventional, which have various forms such as powder and liquid. The numerous applications include food and beverages, pharmaceuticals, cosmetics, and others, and are distributed through several channels, including online and offline.
North America was the largest region in the tea extracts market in 2021. Asia pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tea extracts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The tea extracts market research report is one of a series of new reports from The Business Research Company that provides tea extracts market statistics, including tea extracts industry global market size, regional shares, competitors with a tea extracts market share, detailed tea extracts market segments, market trends and opportunities, and any further data you may need to thrive in the tea extracts industry. This tea extracts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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, according to the National Library of Medicine, in the six weeks leading up to April 5th, 2020, during the first wave of the pandemic, sales of dietary supplements increased by 43% ($435 million) in the United States, compared to the same period in 2019. Also, 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, which increased from 73% in 2020. Therefore, an increasing demand for dietary supplements is driving the growth of the tea extract market.
New product innovations have emerged as the key trend gaining popularity in the tea extracts market. Major companies operating in the tea extract market are focused on new product innovations to meet consumer demand and strengthen their position. For instance, in February 2021, Finlays, a Kenya-based company that works on tea extraction facilities, launched their new premium natural tea extracts range called the Wellbeing Collection based on brush-to-bottle technology. This new range of premium, natural, and sustainably-sourced tea extracts is designed to help brand owners tap into consumer demand for healthy, natural, and sustainable products. This prevents the degradation of valuable oxygen-sensitive ingredients such as antioxidants.
In August 2020, Florida Food Products, a US-based clean-label food and beverage ingredient company, acquired Amelia Bay LLC for an undisclosed amount. Through this acquisition, FFP's position in the clean label ingredients industry is strengthened by the addition of a beverage platform to its comprehensive array of natural goods in the meat, savory, health, and wellness markets. Amelia Bay LLC is a US-based manufacturer of brewed liquid tea extracts.
The countries covered in the tea extracts market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.