Press release
Tea Extracts Market Size, Trends, Outlook, Growth Demand, Insights, Overview 2024-2033
Tea Extracts Market
The tea extracts market size is expected to see strong growth in the next few years. It will grow to $5.81 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to rising popularity of specialty and herbal teas, shift towards natural and plant-based ingredients, increasing application in functional foods and supplements, research and development in tea extract bioactives, e-commerce and direct-to-consumer sales channels
. Major trends in the forecast period include innovation in tea extract formulations (e.g., concentrates, powders), premium and specialty tea extracts, innovative product formulations, clean label and natural extraction processes, beauty and personal care applications.
Market Overview -
The tea extract is used to promote weight loss, blood sugar regulation, and disease prevention. Tea extracts refer to supplements that are derived from the tea plant. It contains concentrated compounds of antioxidants, polyphenols, vitamins, and flavonoids. Tea extracts have been linked to a variety of health benefits, including supporting heart, liver, and brain function, as well as enhancing skin appearance and lowering cancer risk.
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Demand For Dietay Supplements Spurs Growth In The Tea Extract Market
The rise in demand for dietay supplements is expected to propel the growth of the tea extract market going forward. Dietay supplements are a vast range of ingestible goods that are distinguishable from regular foods and pharmaceuticals, which are utilized all over the world. Tea extracts, especially green tea extracts, are commonly utilized in the manufacturing of dietar supplements. Tea extract dietay supplements aid in blood sugar regulation, blood pressure regulation, weight management, disease prevention, and workout recovery. For instance, in October 2021, according to a Consumer Survey on Dietay Supplements, conducted by The Council for Responsible Nutrition (CRN), a US-based trade association for the dietay supplement and functional food industry, 80% of Americans were using dietay supplements. Therefore, an increasing demand for dietay supplements is driving the growth of the tea extract market.
Competitive Landscape -
Major companies operating in the tea extracts market include Taiyo International Ltd., AVT Tea Sources Ltd., DuPont de Nemours Inc., Futureceuticals Inc., Kemin Industries, Synthite Industries Ltd., Archer Daniels Midland Co., Frutarom Ltd., Martin Bauer Group Ltd., Indena SPA, Teawolf LLC, Phyto Life Sciences Pvt. Ltd., Halssen & Lyon GmbH, Harrisons Tea Ltd., Synergy Flavors Inc., FInlay Tea Solutions Ltd., Tata Global Beverages Ltd., Givaudan SA, Dehe Bio-tech Co. Ltd., Hainan Qunli Co. Ltd., Sichuan Yujia Tea Co. Ltd., ADM WILD Europe GmbH & Co.KG, Allen Flavors Inc., Amelia Bay Systems, Damin Food Co. Ltd., Dohler GmbH, Goodricke Group Limited, Robertet Group SA, ShanShan Tea Co. Ltd., Shenzhen Shenbao Huacheng Tech. Co. Ltd.
Innovative Product Offerings Reshape The Tea Extracts Market
New product innovations have emerged as the key trend gaining popularity in the tea extracts market. Major companies operating in the tea extract market are focused on new product innovations to meet consumer demand and strengthen their position. For instance, in February 2021, Finlays, a Kenya-based company that works on tea extraction facilities, launched their new premium natural tea extracts range called the Wellbeing Collection based on brush-to-bottle technology. This new range of premium, natural, and sustainably-sourced tea extracts is designed to help brand owners tap into consumer demand for healthy, natural, and sustainable products. This prevents the degradation of valuable oxygen-sensitive ingredients such as antioxidants.
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Key Segments -
The tea extracts market covered in this report is segmented -
1) By Type: Black Tea, Oolong Tea, Green Tea, Other Types
2) By Nature: Organic, Conventional
3) By Form: Powder, Liquid
4) By Application: Food and Beverages, Pharmaceuticals, Cosmetics, Other Applications
5) By Distribution Channel: Online, Offline
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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