Tea Extracts Market Growth Analysis, Future Investment, Gross Margin, Emerging Trend, Upcoming Opportunities | Forecast to 2027.
Market Forecast
Global Tea Extracts Market size is expected to cross USD 4.3
Billion by 2027 at a CAGR of 6.3% during the forecast period of 2020 to
2027. Prominent market players are taking steps toward business expansions
and entering untapped markets, thereby increasing their customer base. The
regional and global players are strengthening their presence globally through
acquisitions. It has also been forecasted that improvements in the global
economic scenario and the growing functional tea industry in emerging nations
would fuel market growth, making it an ideal time for players to launch new
products and increase their global market shares. For instance, in January
2018, Archer Daniels Midland expanded its operations in Singapore by opening an
innovation center to facilitate its flavor and ingredient product offerings.
Key Players
- Taiyo
International (Japan)
- AVT
Tea Sources Ltd (India)
- Dupont
(US)
- Futureceuticals
(US)
- Kemin
Industries (US)
- Synthite
Industries Ltd (India)
- Archer
Daniels Midland (US)
- Frutarom
(US)
- Martin
Bauer Group (Germany)
- Indena
SPA (Italy)
- Teawolf
(US)
- Phyto
Life Sciences Pvt Ltd. (India)
- Halssen
& Lyon GmbH (Germany)
- Harrisons
Tea (India)
- Synergy Flavors (US)
Market USP
Encapsulation of tea extracts
Growth Opportunities in the Market
Organic tea extracts segment to register the highest growth
rate during the forecast period: Organic tea extract is obtained from tea that
is grown organically. The extract is chemical-free and cultivated under
stringent guidelines and supervision to maintain purity and low/zero chemical
concentration. Organically produced tea extract is relatively costlier and
requires high capital investments for cultivation and processing. The segment
is expected to register a higher CAGR during the forecast period of 2020 to
2027, owing to the surging demand for organic and natural ingredients in
various application industries.
Pharmaceuticals & nutraceuticals sector to render lucrative opportunities:
The segment is expected to register the highest CAGR during the forecast period
due to the health benefits associated with the consumption of tea. Green,
black, and herbal teas contain phytonutrients, compounds that improve human
health alongside providing color, flavor, and aroma to the beverage. Green and
black teas are extremely popular among consumers owing to their antioxidant
content. Green tea contains four components called catechins, which are natural
antioxidants that help prevent cell damage and offer other health benefits. Catechins
further reduce the formation of free radicals in the body, thereby protecting
cells and molecules from damage. Additionally, free radicals are responsible
for aging and trigger several diseases in the human body. The growth of the
nutraceuticals application industry is driving the growth of the segment.
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