Global Tea Extracts Market foreseen to grow at a CAGR of about 7% by 2025

1. Global Tea Extracts Market foreseen to grow at a CAGR of about 7% by 2025 Market Market overview: The global tea extracts market was assessed to be $ 2.5 billion in 2019 and is likely to garner a value of $ 3.8 billion by 2025, recording a CAGR of about 7% over the outlook period. Tea extract is defined as a concentrated form of tea and is derived specifically from black tea, green tea, and oolong tea. Tea is considered the most popular and commonly served beverage around the world. Tea extracts are used in a variety of industries such as food and beverage, cosmetics, and pharmaceuticals to increase the nutritional value of products. Market Drivers and Restrains: The growing demand for premium or convenience foods and the various applications of tea are expected to drive the growth of the tea extracts market. The demand for tea extracts is expected to increase over the forecast period as the trend in the human and food industry towards plant extracts as functional or flavoring ingredients increases. Population growth is one of the main reasons driving tea extract sales in various regions. Also, the innovative application of tea flavors to a variety of food products, including bakery and confectionery products, dairy products, and frozen desserts, is expected to accelerate market growth. Due to the antioxidant and anti-inflammatory properties of tea extract, it is likely to be the beverage of choice for consumers as demand for healthy alternatives to caffeinated beverages increases. Rising living standards and increasing FDI in countless countries open up new opportunities for the global tea extract market. The demand for tea extracts has increased in various industries as interest in research and development activities among manufacturers is expected to lead to the growth of the global tea extracts market. To know more read: https://www.marketdataforecast.com/market-reports/tea-extracts-market Report is segmented as:

2. By type, the worldwide tea extract market is segmented into black tea, oolong tea, green tea, and others. By category, the tea extract market is segmented into conventional and organic. In terms of form, the market is divided into powder and liquid. By application, the tea extract market is segmented into pharmaceuticals, beverages, food, and cosmetics. Geographical Segmentation: Asia Pacific is the fastest growing region for the global tea extract market. Additionally, new tea extract variants have been introduced to the tea extract market as the consumption of innovative foods and beverages increases along with the growing demand for a variety of improved cosmetics. The increase in tea extract consumption in regions such as China, India, Japan and Southeast Asia is expected to further complement the growth of the tea extract market in the Asia Pacific area, where various retail channels have easy access to a variety of products. Impact of COVID 19 on Tea Extracts Market As the impact of COVID-19 is felt globally, food and beverage companies are facing reduced consumption and disrupted supply chains. Manufacturers face challenges in the supply chain and supply of raw materials. The end-use industry for tea extracts also faces the same challenges in supply chain and manufacturing practices. Therefore, sales of tea extracts declined during the coronavirus pandemic. Key market players: Key players in the global tea extract market include Archer Daniels Midland, Dupont, Synthite Industries Ltd., Givaudan, Synergy Flavors, Martin Bauer Group, A.Holliday & Co., Finlays, Kemin Industries, Frutarom, Indena SPA, Amax Nutrasource Inc., Futureceutical, Halssen & Lyon GMBH and Harrisons Tea. View sample and decide: https://www.marketdataforecast.com/market-reports/tea-extracts- market/request-sample Scope of the report:

3. The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/