Press release
Tea Extract Market to Witness High CAGR Growth | Martin Bauer Group, Allen Flavors, Inc., Amelia Bay
The Tea Extracts market was valued at US$ 2,520.0 million in 2018 and is expected to grow at a CAGR of 6.8% from 2019 to 2027 to reach US$ 4,500.7 million by 2027.Tea extracts are defined as the concentrated form of tea and is extracted from black tea, green tea, and oolong tea, among others. Tea is considered as the most popular and commonly served beverage in the globe. Tea extracts such as green tea are high in antioxidants and promote heart health. Tea extracts are used in various industries such as food and beverages, cosmetic, pharmaceutical to enhance the nutritional value of the products. The tea extracts are available in organic and conventional form. The market size for organic tea extract has surged over the past few years due to the increasing demand for certified organic products by the consumers. The Asia Pacific region is the fastest growing region in the global tea extracts market.
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Factors such as an increase in income level with better lifestyles are the major driving factors for tea extracts in the Asia Pacific region. Further, the increased consumption of innovative food and beverage along with growing demand for improved variety of cosmetics has led to the introduction of new variants of tea extracts in the tea extracts market. The growth of the consumption of tea extracts across regions such as China, India, Japan and South East Asia is expected to further supplement the growth of the tea extracts market in the Asia Pacific region as the various retail channels provide easy accessibility of a variety of tea extracts products, which attracts the consumer.
The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape.
SWOT analysis to evaluate strengths and weaknesses of the key players in the Tea Extract Market. The researcher provides an extensive analysis of the Tea Extract Market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.
Major key companies covered in this report:
ADM WILD Europe GmbH & Co.KG
Allen Flavors, Inc.
Amelia Bay
Damin Food (Zhangzhou) Co., Ltd.
Dohler
Finlays
Fujian Xian Yang Yang Biotechnology Co., Ltd.
Goodricke Group Limited
Martin Bauer Group
Quala
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Tea Extract Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Tea Extract Market segments and regions.
The research on the Tea Extract Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Tea Extract Market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Tea Extract Market.
Tea Extract Market Segmented by Region/Country: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America
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