Overview and Scope
The tea extract 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.
Sizing and Forecast
The tea extracts market size has grown strongly in recent years. It will grow from <b>$4.14 billion in 2023 to $4.44 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. </b> 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 <b>$5.81 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. </b> 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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Segmentation & Regional Insights
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
<b>North America</b> was the largest region in the tea extracts market in 2023. <b>Asia-Pacific</b> 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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the tea extracts market include <b> 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. </b>
The tea extracts market report table of contents includes:
1. Executive Summary
2. Tea Extracts Market Characteristics
3. Tea Extracts Market Trends And Strategies
4. Tea Extracts Market – Macro Economic Scenario
5. Global Tea Extracts Market Size and Growth
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31. Global Tea Extracts Market Competitive Benchmarking
32. Global Tea Extracts Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Tea Extracts Market
34. Tea Extracts Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
Taiyo International Ltd
AVT Tea Sources Ltd
Futureceuticals Inc
Kemin Industries
Synthite Industries Ltd
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