Tea extracts are defined as the concentrated form of tea and is extracted from black tea, green tea, and oolong tea, among others. The global tea extracts market accounted for US$ 2,520.0 Mn in 2018 and is expected to grow at a CAGR of 6.8% during the forecast period 2019 – 2027, to account for US$ 4,500.7 Mn by 2027. Tea is considered as the most popular and commonly served beverage in the globe. Tea extracts such as green tea are high in antioxidants and promote heart health. Tea extracts are used in various food and beverages, cosmetic, pharmaceutical applications to enhance the nutritional value of the products. The tea extracts are available in organic and conventional form. The demand for organic tea extract has surged over the past few years due to the increasing demand for certified organic products by the consumers.
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- ADM WILD Europe GmbH & Co.KG
- Allen Flavors, Inc.
- Amelia Bay
- Damin Food (Zhangzhou) Co., Ltd.
- Fujian Xian Yang Yang Biotechnology Co., Ltd.
- Goodricke Group Limited
- Martin Bauer Group
- Robertet Group
- ShanShan Tea
- Shenzhen Shenbao Huacheng Tech.Co., Ltd.
- Synergy Flavors
- Tata Global Beverages
- Zhejiang MingHuang food shares development co., LTD
Based on application, the tea extracts market has been segmented into food, beverage, cosmetic, and pharmaceutical applications. The beverage segment dominated the tea extracts market in 2018. Moreover, the cosmetic segment is projected to grow at a faster pace over the forecast period. Tea extracts are added in various beverages so as improve the taste, flavor, and nutritional profile of the beverage. Recent product innovations in the beverages have led to the introduction of many new products and flavors in beverages, which in turn is boosting the tea extracts market for beverages. The trend towards a healthy lifestyle and disease prevention are some of the major leading to high demand for tea extracts beverages. Consumers in developed countries such as the US, Canada, Germany, France, and China, among others, are increasingly taking an interest in their nutrition and expect that their beverages should deliver functional benefits in addition to refreshment.
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In 2018, the Europe region dominated the tea extracts market, in terms of value owing to the changes in lifestyle patterns of consumers and preference toward healthy and nutritious food and skin care items. Additionally, changing food habits and rise in disposable income in developed countries such as the Germany, France and United Kingdom has led to a surged the demand for tea extracts. Further, presence of strong manufacturing base for tea extracts along with increased focus over research and development activities is further expected to expand the growth of the market in the region.
The overall global tea extracts market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the tea extracts market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the tea extracts market.
Frequently Asked Questions
Which source (Black, Green, and Oolong) is leading the tea extract market?
Black tea in the tea extract market is leading the market at the global level during the forecasted period. Black tea extracts is known to provide various benefits to health, and is comparatively less astringent with a mellower flavor than other tea. Black tea extract also exhibits anti-oxidants, anti-allergic, anti-viral and anti-spasmodic properties owing to which it is widely preferable by consumers. Further, the black tea helps to lower the incidence of several diseases such as neurological disease, diabetes, cardiovascular disease, cancer and others and also ensures oral health.
Which tea extract by nature is having a significant growth in the tea extract market?
Conventional tea in the tea extract market is leading the market at the global level during the forecasted period. Conventional farming is one of the most practiced farming methods which involves use of fertilizers, pesticides and other chemical compounds to cultivate the crop. The conventional form of farming technique is widely adopted among the farmers in order to obtain higher yield and availability of product at low cost.
Which is the leading form of tea extract?
The liquid form in the tea extract market is leading the market at the global level during the forecasted period. The liquid form of tea extracts is an aqueous solution of tea extracts as a concentrated product. The powdered form of tea extracts is mixed along with water along with several preservatives to form aqueous tea concentrates. This concentrates can then be used in several application bases such as food, beverages, pharmaceuticals, and other end-uses. The liquid form of tea extracts is known to possess strong aroma and taste and possess a rich nutritional profile.
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