Tea Extract Market Growth and Outlook To 2027: Leading Players Amelia Bay, Damin Food (Zhangzhou) Co., Ltd., Dohler, Finlays

Latest market study on "Global Tea Extract Market to 2027 - Analysis and Forecasts by Source (Black Tea, Green Tea, Oolong Tea, Others); Application (Food, Beverages, Pharmaceuticals, Cosmetics); Nature (Organic, Conventional); Form (Powder, Liquid), and Geography", The global tea extract market is accounted to US$ 2,520.0 Mn in 2018 and is expected to grow at a CAGR of 6.8% during the forecast period 2019 - 2027, to account to US$ 4,500.7 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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Tea is considered as the most popular and commonly served beverage in the globe. Tea extracts are defined as the concentrated form of tea and is extracted from black tea, green tea, and oolong tea, among others. The global tea extract market, by source, has been segmented into black tea, green tea, oolong tea, and others. The black tea segment dominated the global tea extract market in 2018. Moreover, the green tea segment is anticipated to grow at a faster pace over the projected period. Green tea extract has emerged as a natural solution to all health-related issues. This factor is propelling the growth of the green tea extract market over the forecast period.

Tea extracts are being widely used in the production of several food items such as dairy products, cereals, cakes, instant noodles, meat & meat products, and confectionery. Besides adding taste, flavor, and aroma to the food items, these extracts are also known to impart certain health benefits to the products. For instance, the green tea extract adds brightness, hardness, stickiness, astringency, and sweetness in the formation of bread. Further, consumption of black tea is also associated with several health benefits such as lowering the incidence of acute and chronic diseases and ensuring heart health, which makes it a convenient form of tea used across several food and beverage applications. Other than convenience food items, tea extracts are also used in functional and fortified food and beverages such as dietary supplements, nutritional bars, and drinks to enhance the nutritional aspect of the product. Apart from usage in food and beverage applications, tea extracts are widely used in the pharmaceutical industry owing to the presence of a highly bioactive constituent, which causes biochemical and pharmacological effects.

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The market for global tea extract market is concentrated with some very well-established players. Some of the key players in the global tea extract market are ADM WILD Europe GmbH & Co.KG, Allen Flavors, Inc., Amelia Bay, Damin Food (Zhangzhou) Co., Ltd., Dohler, Finlays, Fujian Xian Yang Biotechnology Co., Ltd., Goodricke Group Limited, Martin Bauer Group, Quala, Robertet Group, ShanShan Tea, Shenzhen Shenbao Huacheng Tech.Co., Ltd., Synergy Flavors, Tata Global Beverages, Unilever and Zhejiang MingHuang food shares development co., LTD, among others.

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Frequently Asked Questions

Which source (Black, Green, and Oolong) is leading the tea extract market?

Black tea in the tea extract market is leading the market at the global level during the forecasted period. Black tea extracts is known to provide various benefits to health, and is comparatively less astringent with a mellower flavor than other tea. Black tea extract also exhibits anti-oxidants, anti-allergic, anti-viral and anti-spasmodic properties owing to which it is widely preferable by consumers. Further, the black tea helps to lower the incidence of several diseases such as neurological disease, diabetes, cardiovascular disease, cancer and others and also ensures oral health.

Which tea extract by nature is having a significant growth in the tea extract market?

Conventional tea in the tea extract market is leading the market at the global level during the forecasted period. Conventional farming is one of the most practiced farming methods which involves use of fertilizers, pesticides and other chemical compounds to cultivate the crop. The conventional form of farming technique is widely adopted among the farmers in order to obtain higher yield and availability of product at low cost.

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