Press release
Green Tea Extracts Market is Expected to Reach the Value of USD 5.10 billion, at a CAGR of 7.30% by 2029
Green Tea Extracts Market
The credible green tea extracts market report studies the potential and prospects of the market in the present and the future from various points of views. For easy comprehension of facts and figures, the statistical and numerical data are displayed graphically. In order to define, characterise, and analyse the market competitive landscape using SWOT analysis, the market research highlights the major international manufacturers. The data and information gathered to create a top-notch market study on green tea extracts were obtained from reliable sources including business websites, white papers, journals, mergers, etc.
The emerging trends along with major drivers, challenges and opportunities in the market are also identified and analysed in this report. The scope of an exceptional green tea extracts market analysis report can be expanded from market scenarios to comparative pricing between major players.The market is supposed to demonstrate a considerable growth during the forecast period of 2022 - 2029. The company profiles of all the key players and brands that are dominating the market have been described in the green tea extracts market report. Their progress with respect to product launches, joint ventures, mergers and acquisitions and the respective effect on the sales, import, export, revenue and CAGR values have been studied completely in the report.
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Global Green Tea Extracts Market Dynamics
Drivers:
Increase consumption of nutritional supplements due to consumers' health consciousness
Green tea extract is widely used in the manufacturing of nutritional supplements. Tea extracts nutritional supplements aid in blood sugar regulation, blood pressure regulation, weight management, disease prevention, and exercise recovery. It's available in capsules, liquids, and powdered form.nutritional supplement consumption has been increasing in recent years, and the market is expected to grow at an exponential rate in the near future. Consumers' health consciousness is growing around the world, which is impacting the sales ofnutritional supplements as healthy alternatives to conventional medication.
Consumers shift toward healthy food choices and a growing demand from the personal care industry
Some of the factors expected to fuel global market growth during the forecast period include an increasing working population, rising demand for ready-to-use products, and expanding retail markets. The increasing use of green tea as a natural ingredient in the personal care industry is expected to drive growth in the global green tea extracts market. Furthermore, rising disposable income levels, rising food and beverage expenditure, and rising consumer awareness of healthy lifestyles are some of the other factors expected to drive green tea extracts market growth.
Opportunities
The growing global demand for organic products is expected to provide market participants with a lucrative opportunity in the coming years. Due to the high demand for tea's functional properties, manufacturers in the global green tea extracts market are constantly introducing new and innovative products. They are also introducing ready-to-drink variants in order to broaden their product portfolio and boost overall sales. Furthermore, they are investing in innovative marketing strategies and celebrity endorsements, which are expected to boost market growth in the coming year.
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COVID-19 Impact on Green Tea Extracts Market
COVID 19 did contribute to an increase in the market for green tea extracts. People preferred to use the non-store-based segment for getting their products at home because they were not leaving their homes because of the governments' precautionary instructions for COVID; the store-based segment was not widely preferred at the time. COVID has still resulted in the market and its key players doing well during the lockdown months.
Global Green Tea Extracts Market Scope
Form
Powder
Liquid
Type
Tea catechins
Epigallocatechin gallate (EGCG)
Caffeine
Application
Food and Beverages
RTD Teas
Functional Foods
Energy Drinks
Category
Conventional
Organic
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Global Green Tea Extracts Market Regional Analysis/Insights
The green tea extracts market is analysed and market size insights and trends are provided by country, type, application, form and category as referenced above.
The countries covered in the green tea extracts market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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