Global Tea Extracts Market: The Tea Extracts market is driven by High Demand for Functional Beverages with a healthy CAGR of 6.5% during the forecast period of 2020 to 2027.

Tea Extracts Market Research Future Insights:

According to MRFR analysis, the global Tea Extracts market is expected to register a CAGR of 6.5% from 2020 to 2027 and hold a value of over USD 4.3 billion by 2027.

Tea extracts are concentrated forms of tea that are made by extracting the active ingredients from tea leaves using a solvent such as water or alcohol. Tea extracts are typically made from green tea, black tea, or oolong tea, and are rich in antioxidants, polyphenols, and other health-promoting compounds. There are many different types of tea extracts available on the market, each with its own unique set of health benefits. Green tea extract, for example, is high in antioxidants and has been shown to have several health benefits, including weight loss, improved cardiovascular health, and reduced risk of certain types of cancer. The market for tea extracts has been impacted by the COVID-19 pandemic in several ways. One of the main impacts has been a shift in demand for certain types of tea extracts. For example, there has been an increase in demand for tea extracts that are high in antioxidants and other health-promoting compounds, as consumers have become more focused on boosting their immune systems and maintaining good health during the pandemic. This has led to an increase in demand for tea extracts such as green tea extract and white tea extract.

Regional Analysis

The growing demand for natural ingredients in various industries such as food & beverages, pharmaceuticals & nutraceuticals, and personal care is driving the growth of the North American tea extract market. Product innovation is another major factor contributing to market growth. Consumers are highly inclined toward skincare products with natural ingredients, which is increasing the application of tea extract in the personal care industry.

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Market Segmentation

The Global Tea Extracts market has been segmented into type, form, category, and application.

Based on the type, the market has been segmented into Black Tea, Oolong Tea, Green Tea, and Others.

Based on the form, the market has been segmented into Powder and Liquid.

Based on the category, the market has been segmented into Organic and Conventional.

Based on the application, the market has been segmented into Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care, and Others.

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Key Players

Some of the key market players are Taiyo International, AVT Tea Sources Ltd., Dupont, Futureceuticals, Kemin Industries, Synthite Industries Ltd, Archer Daniels Midland, Frutarom, Martin Bauer Group, Indena SPA, Teawolf, Phyto Life Sciences Pvt Ltd , Halssen & Lyon GmbH, Harrisons Tea, Synergy Flavors.

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