Address: C76, Balewadi, Pune, Maharashtra
The Tea Extract market is anticipated to grow with a CAGR of 7.1% over the forecast period of 2019-2028. Tea extract is a widely used drink across the globe. It is widely anticipated due to its various benefits such as high antioxidants content, promote heart health, reduce risk of cancer etc. The caffeine and other ingredients in the tea makes it a stimulant drink. The rising consumption of convenience food is expected to the drive the market intensely in the forecast period. The various multifunctional benefits of tea extract are also expected to drive the market immensely in the future. Moreover the rising trends to adopt a healthy lifestyle is expected to contribute to the market growth in the forecast period.
Top Driver: Increasing Awareness about the Multifunctional Benefits of the Tea is expected to drive the Market in the Future
Tea is known to be an exceptional drink owing to the various health benefits it provides to the human body. Tea is known to be a wonderful source of antioxidants which helps to reduce oxidative stress and fight the cell damage. Furthermore, the benefits of tea for heart, liver functions, improvement exercise performance has made the tea an overall beneficial drink an accepted by a huge population across the globe. Furthermore, the growing concerns of people to adopt a healthy lifestyle has anticipated the tea extract market widely.
Although the growing debate on how caffeine in the tea extract should be avoided people are reluctant to adopt tea in their diet. This factor could prove to be a major restraint for the market.
Application Segment to boost the Market Growth in the Future
Based on the Application, the Tea Extract market has been segmented as food and beverages, cosmetics and pharmaceutical industry. Tea has been used to form various products in the food industry especially for flavoring. The growing adoption of tea in cosmetics in the form of face masks, hair masks etc. has triggered the segment extensively towards growth. The use of tea in pharmaceutical refers to the extraction procedures. Various components are extracted from the tea owing to their use in production of medicines to treat different diseases.
Based on type the market is segmented into green tea, black tea, oolong tea and others. On the basis of form the market is segmented into powder and liquid.
Rising Demand for Tea in Asia Pacific is Driving the Market
Asia Pacific accounted for the largest market share in the tea extract industry. Such a significant growth is owing to the fact that Asia Pacific is the largest producer of the tea and consumer of the product. Regions such as China, India, Malaysia and Thailand are large scale tea producers and contribute to the market growth in Asia Pacific immensely. Although, use of tea as a hot beverage is preferred in Asia Pacific and not as a convenient product like in North America and Europe. The European market is also expected to drive the market widely followed by North America.
Players to Focus on Expanding Applications in the Tea Extract Industry
The global Tea Extract market is expected to grow with a significant CAGR due to presence of various companies including Archer Daniels Midland, Kemin Industries, DuPont, Givaudan, Synergy Flavors, Taiyo International, Tea wolf, Synergy Flavors, Phyto Life Sciences Pvt Ltd., Harrisons Tea and others which are developing new products to drive the market growth.
Kerry group: Kerry group opened a new center in India to develop its research and development efforts. The center was opend in June 2019.
Givaudan: In June 2019, Givaudan opened a new innovation center in Sweitzerland, which will focus of the creating new flavors, tastes and fragrances for food and beverage, cosmetic and home care products.
Scope of the Report
Key Reasons to Purchase this Report
Table of Content
Chapter 2 Our Research Practice
Chapter 4 Covid-19 Impact Analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Food Flavors Market Forces
5.2 Porter’s Five Forces Analysis
5.2.2 Threats From New Entrants
5.2.4 Threat From Substitute Product
Chapter 6 Global Food Flavors Market -Industry Snapshots
6.1.1 Global Food Flavors Market Value, 2019 – 2028, (US$ Bn)
6.2.2 Restraint/Challenges analysis
6.3 Supply Chain/Value Chain Analysis
Chapter 7 Global Food Flavors Market Analysis, by Type
7.2 Key Findings for Food Flavors Market- By Type
7.2.1 Food Flavors Market- Chocolate & brown
Food Flavors market by Type 1, 2019 – 2028 (USD Million)
7.2.2 Food Flavors Market- Vanilla
7.2.3 Food Flavors Market- Fruit & nut
Chapter 8 Global Food Flavors Market Analysis, by Origin Type
8.2 Key Findings for Food Flavors Market- By Origin Type
8.2.1 Food Flavors Market- Natural
8.2.2 Food Flavors Market- Natural-identical
Food Flavors market by Origin Type 2, 2019 – 2028 (USD Million)
8.2.3 Food Flavors Market- Artificial/Synthetic
Chapter 9 Global Food Flavors Market Analysis, by Form
9.2 Key Findings for Food Flavors Market- By Form
9.2.1 Food Flavors Market- Liquid and gel
9.2.2 Food Flavors Market- Dry
Chapter 10 Food Flavors Market Analysis by Region
10.1 Key Findings for Food Flavors Market- By region
10.2.1 Global Food Flavors Market Analysis, By Type, 2019 – 2028
10.2.2 Global Food Flavors Market Analysis, By Product Type, 2019 – 2028
10.2.3 Global Food Flavors Market Analysis, By End User, 2019 – 2028
10.3 Food Flavors Market – North America
10.3.5 North America Market, By Type
10.3.6 North America Market, By Product Type
10.3.7 North America Market, By End User
10.4 Food Flavors Market – Europe
10.4.8 Europe Market, By Product Type
10.4.9 Europe market by, End User
10.5 Food Flavors Market – Asia Pacific
10.5.6 Asia Pacific Market, By Type
10.5.7 Asia Pacific Market, By Product Type
10.5.8 Asia Pacific Market, By End User
10.6 Food Flavors Market –SAMEA
10.6.2 Middle East & Africa (MEA)
10.6.5 South America, Middle East and Africa Market, By Type
10.6.6 South America, Middle East and Africa Market, By Product Type
10.6.7 South America, Middle East and Africa Market, By End User
Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
Chapter 12 Company Profiles- Snapshot
12.3 Archer Daniels Midland (ADM) (US),
12.6 International Flavors & Fragrances (US), Firmenich (Switzerland),
12.9 Taiyo International (Japan), T.
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
Please fill out the form to receive sample pages of the report