According to a recent report by Emergen Research, the market for tea extracts is anticipated to grow to a value of USD 3.89 billion by the year 2027. Some of the major market drivers include consumer health consciousness, the affordability of tea compared to alternatives, and an increase in the use of soft drinks. The market has benefited greatly from the recent noticeable increase in tea consumption.
Over the past few years, the market for tea extracts has experienced significant growth due to the revitalising properties of tea extracts that operate as an instant energy booster. Additional market drivers include the advantages of weight loss and stress reduction provided by the compounds in tea extracts.
The market for tea extracts is anticipated to remain competitive and highly fragmented, with a significant number of small start-ups, medium-sized businesses, and substantial conglomerates. High product variety and rising demand for technological developments give new players excellent growth possibilities.
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The Global TEA EXTRACTS Market Report, offers an industry-wide assessment of the TEA EXTRACTS Market, which is inclusive of the most crucial factors contributing to the growth of the industry. The latest research report comprises an extensive analysis of the micro- and macro-economic indicators that influence the global market development during the forecast period of 2021-2028.
Key players in the tea extracts market include
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
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On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
Key Questions Answered in the Report:
What will be the estimated growth rate of the Tea Extracts market by 2027?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the Tea Extracts market throughout the forecast period?
What are the current and future market trends of the Tea Extracts market?
What are the sales and price analysis of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?
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