Global Tea Extract Market to reach USD 4.34 billion by 2027.
Global Tea Extract Market is valued approximately USD 2.7 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7 % over the forecast period 2021-2027. Tea extracts found in plants such as Camellia Sinensis include natural compounds known as Catechins (polyphenols) that have antioxidant effects. Increasing consumption of beverages is a major factor driving the market growth. The beverage market is evolving as consumers seek to substitute drinks with lower sugar content, such as tea, for those with higher sugar content, such as carbonated soft drinks. Health-related disorders such as obesity have been on the rise among the millennial generation in recent years, owing to junk food intake, work-life imbalance, and a demanding daily routine that leaves no time for exercise. The use of tea extracts to prevent such disorders is predicted to grow in popularity in the future years. According to Statista.com, global tea income is approximately US$214,761 million in 2019 and is predicted to grow at a 6.9 % annual rate through 2023. Obese people over the age of 20 accounted for around 42.4 % of the entire U.S. population, according to the NHANES (National Health and Nutrition Examination Survey 2017-18 Survey). However, rapid advances in food technology have paved the way for a variety of additional alternatives to tea extracts and side effects due to excessive consumption of tea as beverages hampers the growth of the market over the forecast period of 2021-2027. Also, various varieties of tea extracts are widely employed in the cosmetics sector, and there is a growing preference for natural and organic cosmetic goods containing tea extracts which is likely to increase the market growth during the forecast period.

The regional analysis of global Tea Extract market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the dominating region across the world in terms of market share attributing to the presence of major tea producers, consumption of tea-based RTD beverages and nutraceutical goods, inclining consumers prefer towards tea as a hot beverage, several emerging and small-scale enterprises manufacturing generic tea extracts, and an increase in living standards. Whereas, North America is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as growing import of the product for use in cosmetic applications, ready-to-drink beverages, and growing demand for herbal drinks due to the nutritious health advantages, as well as other beauty supplement industries would create lucrative growth prospects for the Tea Extract market across Asia-Pacific region.

Major market player included in this report are:
Synergy Flavors
Archer Daniels Midland Company
Blueberry Agro
Cymbio Pharma Pvt Ltd.
Harrisons Malayalam Ltd.
Indena S.p.A.
Martin Bauer Group
Synthite Industries Ltd.
Teawolf
Taiyo International

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Green Tea
Oolong Tea
Black Tea
Herbal/ Fruit Tea
White Tea
Others
By Nature:
Organic
Conventional
By Form:
Liquid
Powder
Encapsulated
By Application:
Food & Beverages
Dietary Supplements
RTD Beverages
Cosmetics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Tea Extract Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors