Research Reports And Consulting #Tea Extracts Market

The global tea extracts market is estimated to be valued at USD 2.5 billion in 2019 and is projected to reach USD 3.8 billion by 2025, recording a CAGR of 6.9%. The market is projected to witness significant growth due to factors such as the increase in the consumption of functional foods, rise in health consciousness among consumers, and increasing adoption of tea due to the ill-effects from caffeine, thereby widening the scope of its applications. The increasing market potential, growing population, and growing demand for different types of tea extracts, as per health benefits, are factors that are projected to impact the growth of the tea extracts market.

The demand for tea extracts remains high across developed markets, such as the US and UK. Developing countries, such as China, Brazil, and India, are projected to witness a surge in demand for tea extracts in the coming years. This demand is projected to remain high due to the increase in the production of processed and functional food products. Emerging economies, such as Malaysia, Indonesia, and Thailand, in the Asia Pacific region, are also witnessing high growth. In addition, the exponential growth is projected to be witnessed in the new and emerging markets, such as China, India, and other Asia Pacific countries.

Key manufacturers are focusing on expanding in Asia, as it offers cost-effective benefits to manufacturers, in terms of production and processing, due to the low prices of raw materials and cheap labor. The rise in the standard of living and changes in lifestyles in developing countries also contribute to the growth of the functional food and convenience products market.

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Companies are increasingly investing in R&D activities, and new product launches to incorporate the formulations of existing products and cater to customer requirements. Companies are focusing on innovating new products to benefit their customers. The rise in health concerns and the consumer demand for healthy products are expected to encourage companies to invest in research & development activities. Top players such as ADM (US), Givaudan (Switzerland), and Dupont (US) are focusing on engaging in research & development activities to meet the increasing demand for tea extracts in various applications. In June 2019, Givaudan (Switzerland) launched its innovation center to produce differentiated flavors, taste, and aroma in various products, such as food, beverages, and personal care.The company has also acquired Naturex (US), an international leader in plant extraction, to set up its foot in the US market.

By application, the tea extracts market is segmented into food, beverages, pharmaceuticals, and cosmetics. Beverages are the most popular application of tea extracts, as tea has been one of the conventional beverages since time immemorial. Also, due to its antioxidant and anti-inflammatory properties, it has gained popularity in recent times, aligning with the shift towards the healthy lifestyle among consumers. Hence, the beverages segment is estimated to dominate the market in 2019, by application.Green tea extracts are used in various applications, such as food, beverages, and cosmetics. Due to the rising health consciousness, consumers are shifting towards the non-conventional type of nutrient options. Consumers are willing to spend on luxury foods and beverages due to the increase in disposable income and the rise in geriatric population. Consumers are also keen to switch from traditional caffeine-based drinks to flavored tea extracts.

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The major players, such as Dupont (US), ADM (US), Givaudan (US), Kemin Industries (US), and Frutarom (US), in the tea extracts market, are focusing on undertaking new product launches, expansions & investments, and acquisitions to expand their global footprint.

The global tea extracts market is estimated to be valued at USD 2.5 billion in 2019 and is projected to reach USD 3.8 billion by 2025, recording a CAGR of 6.9%. The market is projected to witness significant growth due to factors such as the increase in the consumption of functional foods, rise in health consciousness among consumers, and increasing adoption of tea due to the ill-effects from caffeine, thereby widening the scope of its applications. The increasing market potential, growing population, and growing demand for different types of tea extracts, as per health benefits, are factors that are projected to impact the growth of the tea extracts market.

Download PDF brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=102874765

By application, the food segment is projected to witness the highest growth in tea extracts market during the forecast period.There has been an increasing adoption of botanical extracts, as functional or flavor ingredients, in the food industry. Ingredient manufacturers, such as ADM and Givaudan, have been innovating the application of tea flavors in food products, such as bakery and confectionery products, frozen desserts, and dairy products. Also, the familiarity of this flavor among consumers have been driving the demand for tea-based foods, and hence, the segment has been projected to grow at a comparatively higher growth rate during the forecast period.

By type, the green tea segment is projected to dominate the tea extracts market during the forecast period.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. An increase in the consumption of premium foods and increase in the popularity of functional foods also boost the opportunity for market. Innovative applications of green tea extract in cosmetics application has also expanded the growth opportunities in the market.

The increasing demand for tea extracts in Asia Pacific is projected to drive the growth of the market.

Though, a major producer of tea, consumption of tea-based RTD beverages and nutraceutical products are still in the nascent stages among Asian countries. Consumers, majorly favor tea as a hot beverage and not as a convenient product. Thus, the market for Asia Pacific in tea extract consumption is smaller compared to the North American and European markets. In addition, the market for tea extracts is fragmented in the Asia Pacific region, with multiple emerging and small-scale companies developing generic tea extracts in the Chinese market. The increase in FDI and increase in the living standards are going to make countries like China, India, Malaysia, and Thailand a promising opportunity for tea extracts market.

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https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=102874765

Key Market PlayersKey players in this market include Archer Daniels Midland (US), Dupont (US), Kemin Industries (US), Givaudan (Switzerland), Synthite Industries Ltd. (India), Synergy Flavors (US), Frutarom (US), Finlays (UK), A.Holliday & Co. (Canada), Martin Bauer Group (Germany), Indena SPA (Italy), Futureceuticals (US), Amax Nutrasource Inc. (US), Cymbio Pharma Pvt. Ltd. (India), Teawolf (US), Phyto Life Sciences Pvt Ltd. (India), Taiyo International (Japan), AVT Tea Sources Ltd. (India), Halssen & Lyon GMBH (Germany), and Harrisons Tea (India). Major players in this market are focusing on enhancing their presence through new product launches, expansions, mergers & acquisitions, and collaborations. These companies have a strong presence in North America and Europe. They also have their manufacturing facilities and strong distribution networks across these regions.

The global tea extracts market is estimated to be valued at USD 2.5 billion in 2019 and is projected to reach USD 3.8 billion by 2025, recording a CAGR of 6.9%. The market is projected to witness significant growth due to factors such as the increase in the consumption of functional foods, rise in health consciousness among consumers, and increasing adoption of tea due to the ill-effects from caffeine, thereby widening the scope of its applications. The increasing market potential, growing population, and growing demand for different types of tea extracts, as per health benefits, are factors that are projected to impact the growth of the tea extracts market.


Download PDF brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=102874765


By application, the food segment is projected to witness the highest growth in tea extracts market during the forecast period.

There has been an increasing adoption of botanical extracts, as functional or flavor ingredients, in the food industry. Ingredient manufacturers, such as ADM and Givaudan, have been innovating the application of tea flavors in food products, such as bakery and confectionery products, frozen desserts, and dairy products. Also, the familiarity of this flavor among consumers have been driving the demand for tea-based foods, and hence, the segment has been projected to grow at a comparatively higher growth rate during the forecast period.


By type, the green tea segment is projected to dominate the tea extracts market during the forecast period.

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. An increase in the consumption of premium foods and increase in the popularity of functional foods also boost the opportunity for market. Innovative applications of green tea extract in cosmetics application has also expanded the growth opportunities in the market.


The increasing demand for tea extracts in Asia Pacific is projected to drive the growth of the market.

Though, a major producer of tea, consumption of tea-based RTD beverages and nutraceutical products are still in the nascent stages among Asian countries. Consumers, majorly favor tea as a hot beverage and not as a convenient product. Thus, the market for Asia Pacific in tea extract consumption is smaller compared to the North American and European markets. In addition, the market for tea extracts is fragmented in the Asia Pacific region, with multiple emerging and small-scale companies developing generic tea extracts in the Chinese market. The increase in FDI and increase in the living standards are going to make countries like China, India, Malaysia, and Thailand a promising opportunity for tea extracts market.


Speak to Analyst:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=102874765


Key Market Players

Key players in this market include Archer Daniels Midland (US), Dupont (US), Kemin Industries (US), Givaudan (Switzerland), Synthite Industries Ltd. (India), Synergy Flavors (US), Frutarom (US), Finlays (UK), A.Holliday & Co. (Canada), Martin Bauer Group (Germany), Indena SPA (Italy), Futureceuticals (US), Amax Nutrasource Inc. (US), Cymbio Pharma Pvt. Ltd. (India), Teawolf (US), Phyto Life Sciences Pvt Ltd. (India), Taiyo International (Japan), AVT Tea Sources Ltd. (India), Halssen & Lyon GMBH (Germany), and Harrisons Tea (India). Major players in this market are focusing on enhancing their presence through new product launches, expansions, mergers & acquisitions, and collaborations. These companies have a strong presence in North America and Europe. They also have their manufacturing facilities and strong distribution networks across these regions.

The global tea extracts market is estimated to be valued at USD 2.5 billion in 2019 and is projected to reach USD 3.8 billion by 2025, recording a CAGR of 6.9%. The market is projected to witness significant growth due to factors such as the increase in the consumption of functional foods, rise in health consciousness among consumers, and increasing adoption of tea due to the ill-effects from caffeine, thereby widening the scope of its applications. The increasing market potential, growing population, and growing demand for different types of tea extracts, as per health benefits, are factors that are projected to impact the growth of the tea extracts market.

The demand for tea extracts remains high across developed markets, such as the US and UK. Developing countries, such as China, Brazil, and India, are projected to witness a surge in demand for tea extracts in the coming years. This demand is projected to remain high due to the increase in the production of processed and functional food products. Emerging economies, such as Malaysia, Indonesia, and Thailand, in the Asia Pacific region, are also witnessing high growth. In addition, the exponential growth is projected to be witnessed in the new and emerging markets, such as China, India, and other Asia Pacific countries.

Key manufacturers are focusing on expanding in Asia, as it offers cost-effective benefits to manufacturers, in terms of production and processing, due to the low prices of raw materials and cheap labor. The rise in the standard of living and changes in lifestyles in developing countries also contribute to the growth of the functional food and convenience products market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=102874765

Companies are increasingly investing in R&D activities, and new product launches to incorporate the formulations of existing products and cater to customer requirements. Companies are focusing on innovating new products to benefit their customers. The rise in health concerns and the consumer demand for healthy products are expected to encourage companies to invest in research & development activities. Top players such as ADM (US), Givaudan (Switzerland), and Dupont (US) are focusing on engaging in research & development activities to meet the increasing demand for tea extracts in various applications. In June 2019, Givaudan (Switzerland) launched its innovation center to produce differentiated flavors, taste, and aroma in various products, such as food, beverages, and personal care.

The company has also acquired Naturex (US), an international leader in plant extraction, to set up its foot in the US market.
By application, the tea extracts market is segmented into food, beverages, pharmaceuticals, and cosmetics. Beverages are the most popular application of tea extracts, as tea has been one of the conventional beverages since time immemorial. Also, due to its antioxidant and anti-inflammatory properties, it has gained popularity in recent times, aligning with the shift towards the healthy lifestyle among consumers. Hence, the beverages segment is estimated to dominate the market in 2019, by application.

Green tea extracts are used in various applications, such as food, beverages, and cosmetics. Due to the rising health consciousness, consumers are shifting towards the non-conventional type of nutrient options. Consumers are willing to spend on luxury foods and beverages due to the increase in disposable income and the rise in geriatric population. Consumers are also keen to switch from traditional caffeine-based drinks to flavored tea extracts.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=102874765

The major players, such as Dupont (US), ADM (US), Givaudan (US), Kemin Industries (US), and Frutarom (US), in the tea extracts market, are focusing on undertaking new product launches, expansions & investments, and acquisitions to expand their global footprint.