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Black Tea Extracts Market - Growth, Trends, and Forecast (2020 - 2025)

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  • 110 Pages
  • April 2020
  • Region: Global
  • Mordor Intelligence
  • ID: 4896286
Global Black Tea Extracts Market is projected to grow at a CAGR of 4.5% during the forecast period (2019-2024).

Black tea extract is rich in of vitamin C, zinc, iron, magnesium, copper, manganese, potassium, fluoride, and calcium. Black tea extract have more anti-oxidants as compared to green tea, and are anti-allergic, anti-viral and anti-spasmodic.

Increasing demand for herbal medicines demand has positively influenced the black tea extract market size. Functional food with herbal ingredients are witnessing a significant consumption growth over the forecast period.

Key Market Trends

Growing Demand for Functional Food

Increasing consumer awareness towards nutritional enrichment and calorie reduction, mainly in Asia-Pacific and North America regions is set to transform the food & beverage sector and favors black tea extract market growth. Moreover, rising consumer consciousness toward personal health is boosting the functional food segment in the market studied. In addition, the rising demand for functional foods in Europe and North America is expected to drive growth over the forecast period.

Asia-Pacific Witness a Significant Growth in the Market Studied

Asia Pacific is expected to be a key industry for black tea extracts due to the larger production and consumption trend observed in the region. Key players located in the region are integrated across the value chain. The presence of major players in Asia Pacific coupled with increased disposable income and changing consumer preferences toward ready-to-drink beverages is likely to drive the product growth over the forecast period. North America is anticipated to be the largest importer of the black tea extract product for use in the cosmetic applications, ready-to-drink beverages, and other beauty supplement industries.

Competitive Landscape

The global black tea extract market is moderately consolidated with an equal presence of strong global players as well as local and regional companies. Some of the major key players in the black tea extract market, globally include Synthite Industries, Martin Bauer Group, James Finlay Limited, Amax NutraSource, Inc., Phyto Life Sciences P. Ltd., Blueberry Agro Products Pvt Ltd., among others.

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
3.1 Market Overview
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1 Form
5.1.1 Liquid
5.1.2 Encapsulated
5.1.3 Powder
5.2 Type
5.2.1 Hot Water Soluble (HWS)
5.2.2 Cold Water Soluble (CWS)
5.3 Application
5.3.1 Beverages
5.3.2 Functional Foods
5.3.3 Cosmetics and Beauty Supplements
5.3.4 Dietary Supplements
5.3.5 Others
5.4 Geography
5.4.1 North America United States Canada Mexico Rest of North America
5.4.2 Europe United Kingdom Germany France Russia Italy Spain Rest of Europe
5.4.3 Asia Pacific India China Japan Australia Rest of Asia-Pacific
5.4.4 South America Brazil Argentina Rest of South America
5.4.5 Middle East & Africa South Africa Saudi Arabia Rest of Middle East & Africa
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Synthite Industries
6.3.2 Martin Bauer Group
6.3.3 James Finlay Limited
6.3.4 AVT Naturals
6.3.5 Phyto Life Sciences P. Ltd.
6.3.6 Amax NutraSource, Inc.
6.3.7 Teawolf LLC.
6.3.8 Cymbio Pharma Pvt. Ltd
6.3.9 Blueberry Agro Products Pvt Ltd.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Synthite Industries
  • Martin Bauer Group
  • James Finlay Limited
  • AVT Naturals
  • Phyto Life Sciences P. Ltd.
  • Amax NutraSource, Inc.
  • Teawolf LLC.
  • Cymbio Pharma Pvt. Ltd
  • Blueberry Agro Products Pvt Ltd.