Black Tea Extracts Market Projected To Expand At Around 7.9% over the forecast period 2024-2032

As per the researchers at Zion Market Research, the Black Tea Extracts Market, estimating its value at USD 15.36 Billion in 2023, with projections indicating that it will reach USD 30.44 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 7.9% over the forecast period 2024-2032. The prominent players in the global black tea extracts market include AVT Natural, Finlays, Amax NutraSource Inc, Phyto Life Sciences P. Ltd, Martin Bauer Group, Synthite, Teawolf, Autocrat LLC, Tea&Coffee – Haldin, Blueberry Agro Products Pvt Ltd, and Cymbio Pharma Pvt. Ltd, among others.

High Beverage Consumption Globally Expected To Drive The Global Market Growth

The noteworthy growth of the global black tea extract market can be attributed to the escalated beverage consumption in the majority of the regions across the world. Further, the rising awareness among people about the associated health advantages of black tea is also expected to boost the global market growth during the years to come. It assists in curing numerous illnesses such as cancer, headaches, and regulating blood pressure. In addition, black tea has extensive applications right from food additives to cosmetics industries. Also, black tea extracts are stated to be obtained from the identical plants as green tea and thus, increasing its significance among customers. Moreover, the increasing alertness among customers about consuming products containing natural components is further propelling the growth of the global black tea extract market. Nevertheless, the extreme consumption of black tea extract can result in side-effects, which can either be severe or mild. The caffeine content within the black tea extract can have an impact on health, which may result in sleep-related issues, irregular heartbeat, and others, thereby hampering the market growth during the forecast period.

By Application, Functional Food Segment To Lead The Global Market

The rising wakefulness among consumers about calorie reduction and nutritional enrichment is anticipated to change the food & beverage domain and thus, help in the expansion of the black tea extract market during the coming period. Furthermore, increasing consumer awareness of personal health is driving the growth of the functional food segment. Also, the mounting requirement for functional foods in different regions of the world is estimated to boost the segmental growth in the near future.

Asia Pacific Anticipated To Exhibit A Noteworthy Growth During The Forecast Period

Regionally, the global black tea extracts market is estimated to be dominated by Asia Pacific during the forecast period. Asia Pacific is anticipated to be a major black tea extract industry because of the higher consumption and production trend witnessed in this region. Major players situated in this region are assimilated throughout the value chain. The existence of key contenders in Asia Pacific together with elevated disposable income and rising inclination of the consumer to ready-to-drink beverages is expected to boost market expansion during the forecast period. Moreover, North America is also projected to be the biggest black tea extract importer for using it in the ready-to-drink beverages, cosmetic applications, and other beauty supplement industries.

Browse the full “Global Black Tea Extracts Market -By Type (Cold Water Soluble (CWS) And Hot Water Soluble (HWS)), By Form (Encapsulated, Powder, And Liquid), By Application (Functional Food, Beverages, Dietary Supplements, Cosmetics & Beauty Supplements, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/black-tea-extract-market

The global black tea extracts market is segmented as follows:

By Form

• Liquid
• Encapsulated
• Powder

By Type

• Hot Water Soluble (HWS)
• Cold Water Soluble (CWS)

By Application

• Beverages
• Functional Food
• Cosmetics & Beauty Supplements
• Dietary Supplements
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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