The tea extracts market is projected to reach value of USD 3.89 Billion by 2027, according to a recent analysis by Emergen Research. Health consciousness among consumers, higher affordability of tea than its alternatives, and increase in consumption of soft beverages are some of the key factors driving the market. The recent mentionable rise in the consumption of tea has been quite beneficial for the market.
Rejuvenating characteristics of tea extracts that work as an instant energy booster have been driving the tea extracts market substantially over the last few years. Also, benefits in terms of weight loss and de-stressing offered by chemicals in tea extracts are some of the drivers of the market.
The global tea extracts market is expected to remain in a competitive and highly fragmented landscape, consisting of a large number of small start-ups, medium enterprises, and large conglomerates. Increasing demand for technological advancements and high diversification in the products offered provides high growth potential to new players.
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Further Key Findings from the Report Suggest:
- In June 2019, Givaudan opened a new center for innovation in Switzerland. The workspace is spread over 12,000 square kilometers.
- Oxidation level for Oolong tea leaves varies from 8% to 85%, which plays an important role in the taste. Some of the Oolong tea leaves, such as Se Chung, taste fruity and have aroma of honey.
- Same as Oolong tea, green tea also has its origin in China. Alongside China, the plant is cultivated in India also. Green tea tastes similar to vegetables, as it has an organic taste.
Furthermore, the report provides details about the new players entering the market, entry-level barriers and offers strategic recommendations to overcome those barriers to gain a substantial industry presence.
Key Players operating in the Tea Extracts industry are:
Teawolf, AVT Tea Sources Ltd, Frutarom, Givaudan, Finlays, and Taiyo International
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Emergen Research has segmented the tea extracts market based on form, distribution channel, application, nature, type, and region:
- Form Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017–2027)
- Liquid
- Powder
- Encapsulated
- Distribution Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017–2027)
- Supermarkets
- Online Retailers
- Convenience Stores
- Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017–2027)
- Food Beverage
- Cosmetics
- Pharmaceuticals
- Others
- Nature Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017–2027)
- Conventional
- Organic
- Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017–2027)
- Black Tea
- Green Tea
- Oolong Tea
- Others
The Global Tea Extracts Market is further analyzed across the key geographical locations where the market has expanded to a significant size. The key region analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The report offers a country-wise analysis to provide a comprehensive analysis of the Tea Extracts market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, trends, and presence of prominent players in each region.
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The all-inclusive report on the Global Tea Extracts Market added by Emergen Research demonstrates that the global Tea Extracts market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Tea Extracts market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
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Radical Features of the Tea Extracts Market Report:
- The report encompasses Tea Extracts market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Tea Extracts industry
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