The global tea extracts market is estimated to be valued at USD 2.5 billion in 2019 and is projected to reach USD 3.8 billion by 2025, recording a CAGR of 6.9%.
The increase in consumption of convenience food, rise in health consciousness among consumers, and multi-functionalities of tea extracts are some of the major factors that have led to an increase in the application of tea extracts and surge in demand for tea extract supplements. These factors are projected to drive the growth of the global tea extracts market.
The conventional segment, by category, is estimated to be the largest segment in tea extracts market during the forecast period.
Tea extracts are manufactured either organically or through conventional methods. Natural fertilizers and compost are used to produce tea extracts organically, while extensive chemical treatment using chemical fertilizers are adopted for conventional tea extracts. Conventional tea extracts are produced commercially, unlike organic extracts, which are produced by small-scale producers; hence, organically produced tea extracts are priced at a premium rate, which affects their demand. Organic, being a recent trend, is still at its nascent stage, and hence, the conventional category segment dominated the global market.
The beverages segment, by application, is projected to witness the fastest growth in the market during the forecast period.
The trend toward healthy eating has increased the demand for convenient and healthy options for food & beverages among consumers. Manufacturers have been incorporating innovative flavors in their ready-to-drink beverage products, such as peach, lemon, honey, pomegranate, mint, and several herbal flavors, to cater to consumer demand. The growing demand for RTD tea in the global beverage segment has been creating opportunities for the market in the beverage industry.
North America is estimated to account for the largest market share due to the high demand for tea extracts from the US.
The increase in obesity cases and heart attacks has led consumers to switch to antioxidants and anti-inflammatory food and beverage products. Botanical extracts are being increasingly used among US consumers in their daily diets, with a view to derive multiple health benefits and lead healthy lifestyle. Since a majority of the US population consume tea, this flavor is being used by the US food & beverage industry for their innovative products in the form of extracts. The rise in popularity of functional foods and switch from the traditional source of nutrients are major propellants of the tea extracts market in the region.
Break-up of Primaries
- By Designation: Tier 1 – 45%, Tier 2 – 33%, and Tier 3 – 22%
- By Value Chain: Manufacturers – 20%, End-users – 80%
- By Region: North America – 50%, Asia Pacific – 10%, Europe – 30%, RoW* – 10%
*RoW includes countries in South America, the Middle East, and Africa.
This report segments the tea extracts market, on the basis of application, category, type, form, and region. In terms of insights, this research report focuses on various levels of analyses - competitive landscape, end-user analysis, and company profiles - which together comprise and discuss the basic views on the emerging & high-growth segments of the tea extracts market, the high-growth regions, countries, government initiatives, market disruptions, drivers, restraints, opportunities, and challenges.
Reasons to buy this report
- To get a comprehensive overview of the tea extract market
- To gain wide-ranging information on the top players in this industry, their product portfolios, and key strategies adopted by them
- To gain insights about the major countries/regions, in which the tea extract market is flourishing
- To gain insights on the new revenue pockets associated with tea extract and adjacent markets
Table of Contents
1.2. Market Definition
1.3. Market Scope
1.4. Periodization Considered
1.5. Currency Considered
2.1.1. Secondary Data
2.1.2. Primary Data
18.104.22.168. Breakdown of Primaries
2.2. Market Size Estimation
2.3. Data Triangulation
2.4. Research Assumptions
2.5. Research Limitations
5.2. Market Dynamics
5.3. Value Chain Analysis
9.2. Black Tea
9.3. Oolong Tea
9.4. Others (White, Yellow, Dark)
10.5. Others (Pet Food and Animal Feed)
11.2. North America
11.3.6. Rest of Europe
11.4. Asia Pacific
11.4.4. New Zealand
11.4.6. Rest of Asia Pacific
11.5. South America
11.5.3. Rest of South America
11.6. Rest of the World
11.6.1. South Africa
11.6.2. Middle East & Africa
12.2. Competetive Leadership Mapping (Overall Market)
12.2.1. Visionary Leaders
12.2.3. Dynamic Differentiators
12.2.4. Emerging Companies
12.3. Strength of Product Portfolio
12.4. Business Strategy Excellence
12.5. Competitive Scenario
12.5.1. Expansions & Investments
12.5.2. New Product Launches
12.5.4. Agreements, Collaborations, and Partnerships
13.3. Kemin Industries, Inc.
13.5. Synthite Industries Ltd.
13.6. Synergy Flavors
13.9. A. Holliday & Company
13.10. Martin Bauer Group
13.11. Indena S.P.A.
13.13. Amax Nutrasource, Inc.
13.14. Cymbio Pharma Pvt Ltd
13.16. Phyto Life Sciences P. Ltd.
13.17. Taiyo International
13.18. AVT Tea Services Limited
13.19. Hälssen & Lyon GmbH
13.20. Harrisons Tea
*Companies Can be Modified as Per Research Scope
**Details of Recent Financials & Recent Developments Might Not be Captured in Case of Unlisted Companies.
- Archer Daniels Midland
- Kemin Industries
- Synthite Industries Ltd.
- Synergy Flavors
- A.Holliday & Co.
- Martin Bauer Group
- Indena SPA
- Amax Nutrasource Inc.
- Cymbio Pharma Pvt. Ltd.
- Phyto Life Sciences Pvt Ltd.
- Taiyo International
- AVT Tea Sources Ltd.
- Halssen & Lyon GMBH
- Harrisons Tea
- HVMN Inc