Tea Extracts Market Will Reach A CAGR Of Over 6.8% By 2032

Zion Market Research has published a new report titled “Global Tea Extracts Market – By Type (Green Tea, Black Tea, Oolong Tea, and Others), By Category (Organic and Conventional), By Form (Liquid and Powder), By Application (Food, Beverages, Pharmaceuticals, and Cosmetics), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” According to the report, global demand for the Tea Extracts market was valued over USD 147.66 Million in 2023 and is projected to hit USD 266.94 Million by 2032, with a compound annual growth rate (CAGR) of 6.8% during the forecast period 2024-2032.

Browse the full “Global Tea Extracts Market – By Type (Green Tea, Black Tea, Oolong Tea, and Others), By Category (Organic and Conventional), By Form (Liquid and Powder), By Application (Food, Beverages, Pharmaceuticals, and Cosmetics), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/tea-extracts-market

Food category is estimated to witness the fastest growth rate in Tea Extracts market during the forecast period

Increasing population is one of the primary reasons for propelling the sales of tea extracts across various regions. In addition, the rising inclination of people and food industry toward botanical extracts such as functional or flavoring ingredients is projected to help enhance the demand for tea extracts during the forecast period. Moreover, the innovative application of tea flavors in various food products including bakery & confectionery products, dairy products, and frozen desserts is anticipated to surge the market growth. The growing familiarity among consumers over tea flavor-based food products will further support the expansion of the Tea Extracts market.

Green tea category is estimated to hold the majority of the market share of the global Tea Extracts market during the forecast period

Green tea is expected to dominate the global Tea Extracts market owing to the increasing demand for a healthy alternative compared to caffeinated drinks. The antioxidant properties and anti-inflammatory characteristics of tea extracts are likely to make a preferred beverage among consumers. In addition, the rising consumption of high-quality and functional foods is anticipated to boost the growth of the Tea Extracts market. Furthermore, the escalating application of tea extracts in cosmetics will also expand the growth of the market during the forecast timeline.

Asia Pacific is anticipated to witness the highest growth during the forecast period

High consumption of tea-based nutraceutical products and RTD beverages in Asia Pacific regions are estimated to bolster the growth of the global Tea Extracts market. Additionally, the large scale production of tea is anticipated to supplement the market growth. The growing demand for tea as a hot beverage more in Asian countries helps the market flourish Asia Pacific region. Moreover, the various emerging and small-scale firms producing generic tea extracts in the Chinese market is predicted to help the Asia Pacific Tea Extracts market expand. In addition to this, the high standard of living and rise in FDI in countries like India, Malaysia, Thailand, and China helps open new opportunities for Tea Extracts market.

Key Market Players

Some of the key players of the global Tea Extracts market include Dupont, Archer Daniels Midland, Givaudan, Synthite Industries Ltd., Martin Bauer Group, Synergy Flavors, Finlays, A.Holliday & Co., Frutarom, Kemin Industries, Amax Nutrasource Inc., Indena SPA, Halssen & Lyon GMBH, Futureceutical, Teawolf, Cymbio Pharma Pvt. Ltd., Phyto Life Sciences Pvt. Ltd., AVT Tea Sources Ltd., Taiyo International, and Harrisons Tea. 

The report on the global Tea Extracts market is segmented into:

Global Tea Extracts Market: By Type Segmentation Analysis

• Green Tea
• Black Tea
• Oolong Tea
• Others

Global Tea Extracts Market: By Form Segmentation Analysis

• Liquid
• Powder

Global Tea Extracts Market: By Category Segmentation Analysis

• Organic
• Conventional

Global Tea Extracts Market: By Application Segmentation Analysis

• Food
• Beverages
• Pharmaceuticals
• Cosmetics

Global Tea Extracts Market: By Regional Segmentation Analysis