Global Tea Extracts Market to Reach US$ 21,091.5 Million by 2027, Says Coherent Market Insights (CMI)

0
53

SEATTLE, June 04, 2021 (GLOBE NEWSWIRE) — The global tea extracts market was valued at US$ 12,625.7 million in 2019 and is expected to exhibit a CAGR of 7.6% during the forecast period (2020-2027).

Key Trends and Analysis of the Global Tea Extracts Market:

To improve the stability of tea extracts, they are being encapsulated using the spray-drying technique. For instance, Kerala Remedies, a prominent Phyto-nutraceuticals company, produces GTCAPS-Green Tea Extract Capsules for catering to health issues among individuals like higher cholesterol levels, high blood pressure, and obesity. Also, Amway Inc. developed NUTRILITE CH Balance capsules (soft gels) that are made up of natural green tea extracts. Proper intake of these soft gels is considered to prove beneficial in maintaining desired cholesterol levels among individuals.

Request for Sample copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/4448

Key Market Takeaways:

The global tea extracts market is expected to exhibit a CAGR of 7.6% over the forecast period (2020-2027). Shifting consumer preference for the consumption of natural and organic fortified beverages is expected to propel the demand for tea extracts across the globe. Also, growing consciousness about skincare among individuals is driving the demand for tea extract products. Thus, several cosmetic manufacturers are developing innovative products with the usage of tea extracts. For instance, a South Korea-based company, Neogen, offers green tea extract-based foam cleanser and tea cleansing stick.

The health benefits associated with tea extracts and the low presence of caffeine is expected to increase its intake among individuals. Thus, various tea manufacturer associations like ITA (Indian Tea Association) are promoting the consumption of tea extracts by permitting its usage in various beverages and cosmetics.

Major players operating in the global tea extracts market include AVT Natural, Archer Daniels Midland Company, Blueberry Agro, Cymbio Pharma Pvt Ltd., Harrisons Malayalam Ltd., Indena S.p.A., Martin Bauer Group, Synthite Industries Ltd., Synergy Flavors, Teawolf, and Taiyo International.

Competitive Landscape:

Key players are focusing on strategies like expansions to increase their geographical presence and gain a stronger customer base. For instance, In January 2019, AVT Natural expanded its business in Mexico and other Latin American Countries. The company opened its first subsidiary in Queretaro, Mexico, with the goal of serving the Latin American region. Also, the key players have started funding the R&D activities to widen their product portfolio. For instance, in October 2017, ADM opened an ingredient creation, application, development, and customer innovation center in Shanghai, China.

Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/4448

Market Segmentation:

  • Global Tea Extracts Market, By Type:
    • Green Tea
    • Oolong Tea
    • Black Tea
    • Herbal/ Fruit Tea
    • White Tea
    • Others
  • Global Tea Extracts Market, By Nature:
    • Organic
    • Conventional
  • Global Tea Extracts Market, By Form:
    • Liquid
    • Powder
    • Encapsulated
  • Global Tea Extracts Market, By Application:
    • Food & Beverages
    • Dietary Supplements
    • RTD Beverages
    • Cosmetics
    • Others
  • Global Tea Extracts Market, By Region:
    • North America
      • U.S.
      • Canada
    • Latin America
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • ASEAN
      • Australia
      • Rest of Asia Pacific
    • Middle East & Africa
      • Middle East
      • Africa

Related Market Intelligence Reports:

Coffee Beauty Products Market, by Product Type ((Skin care (Soap, Body wash, Lotion/Moisturizer, Cream, Others), Hair Care (Shampoo, Conditioner, Oil), Perfumes & Fragrance, and Color Cosmetics(Nail Scrub, Lip Balm/Lipstick, Eye Makeup, Face Makeup, Eye Shadow Primer, etc.)), by Application (Supermarket, Hypermarket, Online Channels, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) – Size, Share and Growth Analysis 2018-2026

Read more: https://www.coherentmarketinsights.com/market-insight/coffee-beauty-products-market-2506

Cannabis Beverage Market, by Product Type (Alcoholic (Beer, Spirits and Wine) and Non-alcoholic (Marijuana Tea, Cannabis Soda, and Cannabis Coffee & Cold brew)), By End-Use (Household, and Restaurants & Cafes),  By Distribution Channel (Convenience stores, Hypermarkets, Supermarkets, and Online) and by Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) – Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

Read more: https://www.coherentmarketinsights.com/market-insight/cannabis-beverage-market-3390

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.

Follow Us: LinkedInTwitter


LEAVE A REPLY

Please enter your comment!
Please enter your name here