Tea Extracts - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Tea Extracts Market is accounted for $2.30 billion in 2018 and is expected to reach $4.90 billion by 2027 growing at a CAGR of 8.8% during the forecast period. Some of the key factors influencing the market growth include increasing consumption of convenience food and the multifunctionality of tea, rise in health consciousness among consumers, and increase in demand for tea extract. However, drinking large amounts of tea might cause side an effect due to the caffeine content is restricting market growth.
Tea extract has bioactive ingredients, which include Epigallocatechin (EGCG), theaflavins, polyphenol and caffeine, of which caffeine is the main ingredient. It is used in ready-to-drink and healthy beverages. Tea extract has a calming effect on the nervous system & mind, lowers the level of blood sugar & cholesterol, which helps in maintaining the cardiovascular health of humans, reduces the risk of cancer and other diseases such as Alzheimer, as well as boosts the metabolism & helps burn excess body fat. Tea extracts also find applications in cosmetics for skin and hair care.
Amongst type, Green tea has already gained traction across the globe as a healthy alternative for caffeinated drinks. Its antioxidant property, complemented with its anti-inflammatory characteristics, has made tea extracts one of the most preferred beverages for consumers. By Geography, North America is estimated to have a lucrative growth during the forecast period, due to high the standard of living and the rise in the disposable income of consumers. Also, due to the increase in the number of obesity cases and heart-related diseases in the region, people are willing to invest in health-related products and services.
Some of the key players in global Tea Extracts market are Synergy Flavors, Kemin Industries, Inc., Martin Bauer Group, Archer Daniels Midland Company, A. Holliday & Company, Synthite Industries Ltd., Blueberry Agro Products Pvt. Ltd., Dupont, Finlays, Givaudan, Indena S.P.A., Cymbio Pharma Pvt Ltd, Amax Nutrasource, Inc., Phyto Life Sciences P. Ltd., Hälssen & Lyon GmbH, and AVT Tea Services Limited.
• Black Tea
• Oolong Tea
• Green Tea
• Lemon Tea
• Other Types
Water Solubilities Covered:
• Cold Water Soluble Extract
• Hot Water Soluble Extract
• Functional Food
• Dietary Supplements
• Medicines and Nutraceuticals
• Ready to Drink Tea
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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