The global Tea
Extracts Market size is expected to reach USD
4,160.7 Million in 2028 and register a revenue CAGR of 6.5% over the forecast
period, according to the latest report by Reports and Data. Steady revenue
growth of tea extracts market can be attributed to rising awareness among
people about health benefits of natural flavors. At present, consumers consider
taste or flavor of beverages to be one of the most essential components that
persuade them to try those beverages.
The Global Tea Extracts Market
includes relevant and verified information relating to the overall market, key
players, and their market position and financial standing. The report utilizes
advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis,
investment return analysis, and feasibility analysis to offer a comprehensive
view of the market position of the major players of the industry.
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Key Players:
Key players profiled in
the global market report include The Archer Daniels Midland Company, Martin
Bauer Group, Givaudan, DuPont, Indena SPA, Kemin Industries Inc., Finlays,
FutureCeuticals, Inc., Synthite Industry Ltd., and Taiyo International.
Some Key Highlights From
the Report:
- By extract type, green tea segment
accounted for largest revenue share in 2020. Green tea extracts help in
reducing inflammation and blood pressure. These also lower blood fat
levels by hindering fat absorption. Additionally, these extracts have high
antioxidant content that are beneficial for reducing oxidative stress in
the human body. Hence, these can help in reducing signs of aging and
providing immunity against various chronic diseases.
- By form, powder segment accounted for
a larger revenue share in 2020. Usage of powder tea extracts can often
result in low chances of contamination. These also provide easy means of
storage and transportation. These extracts contain more active
ingredients, compared to tea leaves, and should be effectively used even
in a very small quantity. Extensive usage of powder tea extracts as a raw
material for energy drinks, supplements, and herbal medicines is driving
revenue growth of this segment.
- By application, cosmetics segment
revenue is expected grow at a rapid rate over forecast period. Tea
extraction is extensively used to prevent skin aging caused due to
exposure to sunlight. As per a recent study, topical treatment with tea
extracts for a longer period of time can considerably enhance elasticity
of skin. Besides, these extracts are found to be very beneficial for
reducing skin roughness & facial wrinkles and decreasing skin
moisture.
- Tea extracts market in North America
accounted for a significantly large revenue share in 2020. Presence of
major players in countries in the region and high demand for tea extracts
in cosmetics & personal care products, beauty supplements, &
Ready-To-Drink (RTD) beverages are expected to drive revenue growth of the
market in the region.
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Market
Segmentation:
Extract Type Outlook
(Revenue, USD Million; 2018-2028)
- Black Tea
- Green Tea
- Oolong Tea
- Others
Distribution Channel
Outlook (Revenue, USD Million; 2018-2028)
- Online
- Offline
Form Outlook (Revenue,
USD Million; 2018-2028)
- Powder
- Liquid
- Encapsulated
Application Outlook
(Revenue, USD Million; 2018-2028)
- Food & Beverage
- Pharmaceutical
- Cosmetic
- Others
Regional Outlook
(Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Israel
- Rest of MEA
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Identifying
the basic business drivers, challenges, and tactics adopted:
- The
report provides intrinsic details and fluctuating aspects that influence
the commercial dynamics of the Tea Extracts market along with integral
factors of the rise in the demand for the product have been mapped across
vital geographical regions.
- An
overview of the multifarious applications, business areas and the latest
trends observed in the industry has been laid out by this study.
- Various
challenges overlooking the business and the numerous strategies employed
by the industry players for successful marketing of the product have also
been illustrated.
- The
research inspects the sales channels (indirect, direct, and marketing)
that companies have chosen for the primary product distributors and the
superior clientele of the market.
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America, and Middle East & Africa.