The report offers insightful information about the market dynamics of the Tea Extracts market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Tea Extracts market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Tea Extracts market.
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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Key Points of Tea Extracts Market:
- Extensive coverage of the analysis of the Tea Extracts market
- Key insights into the regional spread of the industry in key geographies
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Tea Extracts market
- Complete data about the key manufacturers and vendors in the Tea Extracts market
The complete regional analysis covers:
- North America (U.S., Canada, Mexico)
- 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)
Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the global Tea Extracts market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Key players in the tea extracts market include Teawolf, AVT Tea Sources Ltd, Frutarom, Givaudan, Finlays, and Taiyo International
For the purpose of this report, 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
Key point summary of the report:
- 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.
- North America is expected to dominate the global tea extracts market, due to high consumption of the premium range of tea extracts among people in the region
- Due to increase in the prevalence of heart diseases and obesity, green tea extracts are witnessing high demand, as consumers have started becoming conscious about their health.
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