Tea Extracts Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Tea Extracts Market by Application (Food, Beverages, Pharmaceuticals, Cosmetics), By Category (Organic and Conventional), By Form, (Liquid and Powder), by Type, (Green tea, Black tea, Oolong tea, Lemon Tea, Others), and Geography (North America, Europe, Asia Pacific, Latin America, and MEA) Forecast to 2028

 

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Report

Description

The tea extracts market is valued at USD 2,831.7 million in 2021 and is poised to grow at a significant CAGR of 7.10% over 2022–2028. After coffee, tea is the second most popular beverage in the world. The Camellia Sinensis plant’s leaves are used to make this well-known beverage. Several kinds of tea or tea extracts are offered, depending on the maturity level of the tea leaves. For example, freshly picked tea leaves are used to make white tea extracts, whereas fully grown tea leaves are utilized to make black tea extracts. Due to changing consumer lifestyles and busy work schedules, the demand for ready-to-drink beverages is rising globally. Most tea drinkers find that it relieves tension, allowing them to relax from their busy lives and demanding work schedules quickly. Moreover, customers love ready-to-drink tea because it saves them time and lets them consume it whenever and wherever they choose. Due to the growing demand for tea and other beverages around the world, makers of tea extracts have attractive potential. The use of tea extracts in various industries is expanding globally. Tea extracts and tea leaves both contain bioactive substances like polyphenol and caffeine. Antioxidants have a variety of positive health effects on people. Tea extracts have been shown to provide several cardiovascular advantages, including lowering cholesterol and blood sugar. Consuming tea extracts demonstrates the impact on the neurological system and the mind. Tea extracts regularly boost human metabolism, lowers body fat, and aid in cancer prevention. Moreover, the market for tea extracts has seen a significant rise in new product advancements. Major companies that compete in the tea extract industry are concentrating on recent product advancements to satisfy consumer demand and improve their position. For instance, the Wellbeing Collection, a new line of premium natural tea extracts based on brush-to-bottle technology, was introduced in February 2021 by Finlays, a Kenyan firm that works on tea extraction facilities. To meet consumer demand for healthy, natural, and sustainable products, a new line of premium tea extracts with sustainable sourcing has been created. This prevents essential oxygen-sensitive compounds, such as antioxidants, from degrading.

Recent Market Developments:

In February 2021, Finlays, one of the leading suppliers of coffee, tea and botanical solutions launched a new range of premium, natural and sustainably sourced tea extracts in the market.

In November 2020, Florida Food Products acquired Amelia Bay LLC. With the help of this acquisition the company aims to expand its product portfolio of natural ingredients.

Tea Extracts Market

MARKET SUMMARY
-
7.10% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 7.10%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Tea Extracts Market

  • The tea extracts market report on global Pouches Market gives historical, current, and future market sizes (US$ Bn) on the basis of application, category, form, type and geography.
  • The tea extracts market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Finlay Tea Solutions UK Ltd.,
  • Akbar Brothers (Pvt) Ltd.
  • Martin Bauer GmbH & Co KG
  • Tata Global Beverages Limited
  • Amax NutraSource Inc.
Tea Extracts Market Dynamics

Growing the uses of tea extracts in the nutraceutical and cosmetic industries driving the market demand. The demand for tea extracts is anticipated to increase due to the growing inclusion of tea extracts in functional foods and different nutraceutical supplements. Additionally, throughout the predicted period, the market for tea extracts is expected to develop due to the rapidly expanding cosmetics industry around the world. However, excessive tea consumption has negative consequences, which impacts tea growth and may impede the development of the tea extracts sector throughout the projection period.


Asia-Pacific Got Significant Share

Tea Extracts Market

The Asia Pacific tea extracts market has accounted for a significant revenue share in 2021, it is predicted to increase rapidly. Asia-Pacific is projected to be a significant market for black tea extracts due to the region's expanding production and consumption trend. The major players in the area are connected along the entire value chain. The presence of well-known companies in the Asia Pacific region, rising disposable income, and shifting consumer preferences toward ready-to-drink beverages are anticipated to fuel product growth over the forecast period. While, for application in cosmetics, ready-to-drink beverages, and other beauty supplements, North America is expected to be the region that imports tea extracts the most.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The tea extracts market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Tea Extracts Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The tea extracts market is projected to expand at a CAGR of 7.10% during the forecast period.

Finlay Tea Solutions UK Ltd., Akbar Brothers (Pvt) Ltd., Martin Bauer GmbH & Co KG, Tata Global Beverages Limited, Amax NutraSource Inc., Cymbio Pharma Pvt Ltd.

Asia-Pacific is the fastest-growing region for tea extracts market


Report

Company Profile

  • Finlay Tea Solutions UK Ltd.,
  • Akbar Brothers (Pvt) Ltd.
  • Martin Bauer GmbH & Co KG
  • Tata Global Beverages Limited
  • Amax NutraSource Inc.
  • Cymbio Pharma Pvt Ltd.
  • Kemin Industries, Inc.
  • AVT Natural Products Ltd.
  • The Republic of Tea, Inc.
  • Nestle S.A.

Description

The tea extracts market is valued at USD 2,831.7 million in 2021 and is poised to grow at a significant CAGR of 7.10% over 2022–2028. After coffee, tea is the second most popular beverage in the world. The Camellia Sinensis plant’s leaves are used to make this well-known beverage. Several kinds of tea or tea extracts are offered, depending on the maturity level of the tea leaves. For example, freshly picked tea leaves are used to make white tea extracts, whereas fully grown tea leaves are utilized to make black tea extracts. Due to changing consumer lifestyles and busy work schedules, the demand for ready-to-drink beverages is rising globally. Most tea drinkers find that it relieves tension, allowing them to relax from their busy lives and demanding work schedules quickly. Moreover, customers love ready-to-drink tea because it saves them time and lets them consume it whenever and wherever they choose. Due to the growing demand for tea and other beverages around the world, makers of tea extracts have attractive potential. The use of tea extracts in various industries is expanding globally. Tea extracts and tea leaves both contain bioactive substances like polyphenol and caffeine. Antioxidants have a variety of positive health effects on people. Tea extracts have been shown to provide several cardiovascular advantages, including lowering cholesterol and blood sugar. Consuming tea extracts demonstrates the impact on the neurological system and the mind. Tea extracts regularly boost human metabolism, lowers body fat, and aid in cancer prevention. Moreover, the market for tea extracts has seen a significant rise in new product advancements. Major companies that compete in the tea extract industry are concentrating on recent product advancements to satisfy consumer demand and improve their position. For instance, the Wellbeing Collection, a new line of premium natural tea extracts based on brush-to-bottle technology, was introduced in February 2021 by Finlays, a Kenyan firm that works on tea extraction facilities. To meet consumer demand for healthy, natural, and sustainable products, a new line of premium tea extracts with sustainable sourcing has been created. This prevents essential oxygen-sensitive compounds, such as antioxidants, from degrading.

Recent Market Developments:

In February 2021, Finlays, one of the leading suppliers of coffee, tea and botanical solutions launched a new range of premium, natural and sustainably sourced tea extracts in the market.

In November 2020, Florida Food Products acquired Amelia Bay LLC. With the help of this acquisition the company aims to expand its product portfolio of natural ingredients.

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