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| Tea Extracts Market |
Tea extracts are known for their diverse health benefits such as antioxidant properties, weight management, cardiovascular support, skin protection, and others. Tea extracts contain antioxidants like polyphenols and flavonoids that impart many health advantages. The increasing awareness about the health benefits of tea extracts among consumers is driving the growth of the global tea extracts market.
The global
tea extracts market is estimated to be valued at US$ 17.41 Bn in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period
2024 to 2031, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The increasing awareness about the health benefits of tea extracts such as
antioxidant properties, weight management, cardiovascular support, and skin
protection is one of the key trends driving the growth of the global tea
extracts market. Various health organizations and awareness campaigns are
highlighting the diverse health advantages of consuming tea extracts. This is
encouraging many consumers to include tea extracts in their daily diet and
wellness routines. As a result, the demand for tea extracts is growing
significantly across industries such as food and beverages, cosmetics, and
pharmaceuticals where they are used as functional ingredients. The rising
awareness about health benefits is expected to continue fueling the expansion
of the tea extracts market over the forecast period.
Segment Analysis
The global tea extracts market is dominated by the green tea segment. Green tea
has received increased prominence owing to its high antioxidants content from
catechins such as EGCG. Green tea provides various health benefits including
reduced risk of cardiovascular diseases, cancer, improved brain function and
weight management. This has led to high demand for green tea extracts globally.
Key Takeaways
The global Tea
Extracts Market Growth is expected to witness high growth. The global
tea extracts market is estimated to be valued at US$ 17.41 Bn in 2024 and is
expected to exhibit a CAGR of 8.0% over the forecast period 2024 to 2031.
Asia Pacific
region currently dominates the global tea extracts market. Countries like
China, Japan and India are major producers and consumers of tea globally.
Established markets in these countries and increasing health consciousness is
driving the demand for tea extracts.
Key players related content comprises Key players operating in the tea extracts
market are Apple Inc., Huawei Technologies Co. Ltd., MediaTek Inc., Qualcomm
Technologies Inc., Samsung Electronics CO. LTD., Intel Corporation,
STMicroelectronics N.V., Toshiba Corporation, NXP Semiconductors N.V., and
Broadcom Inc. The global tea extracts market is fragmented in nature with these
players accounting for major share. Companies are focusing on new product
launches and innovations to cater to changing consumer preferences for different
types of tea extracts.
For more insights, read- https://www.ukwebwire.com/tea-extracts-market-trends-size-and-share-analysis-2/
For more details on the report, Read- https://techaxen.com/glycerol-the-versatile-elixir-fueling-industries-and-nurturing-skincare-unveiling-the-liquid-golds-hidden-potentials/
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