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Global Tea Extracts Market Analysis Covering Forecast Market Size And Growth Rate 2023-2032 | Taiyo International, AVT Tea Sources Ltd., Dupont, Futureceuticals, Kemin Industries
Tea Extracts Market
Tea Extracts Market Size, Growth Rate, And Forecast
The global tea extracts market size grew from $3.87 billion in 2022 to $4.21 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The tea extracts market size is expected to grow to $5.48 billion in 2027 at a CAGR of 6.8%.
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Tea Extracts Market Drivers
The rise in demand for dietary supplements is expected to propel the growth of the tea extract market going forward. Dietary supplements are a vast range of ingestible goods that are distinguishable from regular foods and pharmaceuticals, which are utilized all over the world. Tea extracts, especially green tea extracts, are commonly utilized in the manufacturing of dietary supplements.
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Tea Extracts Market Segments
• By Type: Black Tea, Oolong Tea, Green Tea, Other Types
• By Nature: Organic, Conventional
• By Form: Powder, Liquid
• By Application: Food and Beverages, Pharmaceuticals, Cosmetics, Other Applications
• By Distribution Channel: Online, Offline.
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Telehealth market.
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Tea Extracts Market Key Players
Major competitors in the tea extracts market include Taiyo International, AVT Tea Sources Ltd., Dupont, Futureceuticals, Kemin Industries, Synthite Industries Ltd., Archer Daniels Midland, Frutarom.
The Business Research Company's "Global Tea Extracts Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Tea Extracts Market Include:
1. Executive Summary
2. Tea Extracts Market Characteristics
3. Tea Extracts Market Trends And Strategies
4. Tea Extracts - Macro Economic Scenario
5. Tea Extracts Market Size And Growth
……
26. Africa Tea Extracts Market
27. Tea Extracts Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Tea Extracts Market
29. Tea Extracts Market Future Outlook and Potential Analysis
30. Appendix
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