Black Tea Extracts - Global Strategic Business Report

Global Black Tea Extracts Market to Reach $235.5 Million by 2030

The global market for Black Tea Extracts estimated at US$153.8 Million in the year 2022, is projected to reach a revised size of US$235.5 Million by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030. Powder, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$153.5 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Liquid segment is readjusted to a revised 4.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $41.9 Million, While China is Forecast to Grow at 9.8% CAGR

The Black Tea Extracts market in the U.S. is estimated at US$41.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$54.4 Million by the year 2030 trailing a CAGR of 9.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Select Competitors (Total 52 Featured) -

• Amax Nutrasource Inc.
• AVT Natural Products Ltd.
• Blueberry Agro Products Pvt. Ltd.
• Cymbio Pharma Pvt. Ltd.
• Finlays
• Firsd Tea
• Hayleys Global Beverages
• Kemin
• Martin Bauer Group
• Phyto Life Sciences P. Ltd.

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• Global competitiveness and key competitor percentage market shares
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