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| Tea Extracts Market |
The global Tea Extracts Market is estimated to be valued at US$ 15.11 Bn in 2023 and is expected to exhibit a CAGR of 43% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Tea extracts are derived by processing dried tea leaves. They retain all the
beneficial properties of tea such as antioxidants, polyphenols and flavonoids
which help in boosting immunity, reducing risk of cancer and cardiovascular
diseases.Due to their rich phytochemical content, tea extracts are used in food
and beverages, cosmetics and pharmaceutical industries.
Market key trends:
The growing demand for dietary supplements among health-conscious consumers is
driving the growth of the tea extracts market. Tea extracts are used in various
dietary supplements and functional foods and beverages due to their high
antioxidant content. For instance, green tea extracts are used in weight
management supplements as it contains catechins that help in fat oxidation and
thermogenesis. Also, the increasing popularity of online retail shopping and
e-commerce platforms has boosted the sales of tea extracts based dietary
supplements. Growing health awareness is another key trend that is escalating
the demand for natural and herbal ingredients like tea extracts based
supplements.
Segment Analysis
The global tea extracts market is segmented into black tea extracts, green tea
extracts, oolong tea extracts, and other tea extracts. Green tea extracts
dominate the market and accounted for over 45% share in 2022. Green tea
contains a high concentration of polyphenols such as flavonoids and catechins
as compared to other tea varieties. Catechins are powerful antioxidants that
provide numerous health benefits such as weight management, cardiovascular
protection, and cancer prevention. This makes green tea extracts widely used in
functional foods, dietary supplements, and cosmetic products.
Key Takeaways
The global Tea
Extracts Market Share is
expected to witness high growth, exhibiting a CAGR of 43% over the forecast period 2023 to 2030, due to the
increasing awareness about the health benefits of ingredients derived from
green tea.
Regional Analysis
Asia Pacific dominates the global tea extracts market and holds over 35% market
share. This is attributed to the high tea consumption in countries such as
China, India, Japan, and South Korea. The Asia Pacific tea extracts market is
projected to grow at the fastest rate during the forecast period due to the
increasing production of green tea in emerging economies of China and India.
Key Players
Key players operating in the tea extracts market are AVT Natural, Archer
Daniels Midland Company, Blueberry Agro, Cymbio Pharma Pvt Ltd., Harrisons
Malayalam Ltd., Indena S.p.A., Martin Bauer Group, Synthite Industries Ltd.,
Synergy Flavors, Teawolf, Martin Bauer Group., and Taiyo International.
Synthite Industries and Martin Bauer Group are the prominent producers and
exporters of tea extracts globally.
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