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Tea Extracts Market Analysis 2023-2032: Market Size, Top Segments, Leading Region Forecast | Taiyo International, AVT Tea Sources Ltd., Dupont, Futureceuticals, Kemin Industries, Synthite Industries Ltd
Tea Extracts Global Market Report
The Business Research Company's Tea Extracts Global Market Report 2023 identifies 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. Tea extract dietary supplements aid in blood sugar regulation, blood pressure regulation, weight management, disease prevention, and workout recovery.
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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Major players in the tea extracts market are Taiyo International, AVT Tea Sources Ltd., Dupont, Futureceuticals, Kemin Industries, Synthite Industries Ltd., Archer Daniels Midland, Frutarom, Martin Bauer Group, Indena SPA, Teawolf, Phyto Life Sciences Pvt Ltd., Halssen & Lyon GmbH, Harrisons Tea, Synergy Flavors, FInlay Tea Solutions Ltd., Tata Global Beverages, Givaudan, Dehe Bio-tech CO. Ltd., Hainan Qunli, Sichuan Yujia Tea, ADM WILD Europe GmbH & Co.KG, Allen Flavors Inc., Amelia Bay, Damin Food (Zhangzhou) Co. Ltd., Dohler, Goodricke Group Limited, Quala, Robertet Group, ShanShan Tea, and Shenzhen Shenbao Huacheng Tech. Co. Ltd.
A key trend in the Tea Extracts market includes the New product innovations have emerged as the key trend gaining popularity in the tea extracts market. Major companies operating in the tea extract market are focused on new product innovations to meet consumer demand and strengthen their position.
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The Tea Extracts market is segmented -
1) By Type: Black Tea, Oolong Tea, Green Tea, Other Types
2) By Nature: Organic, Conventional
3) By Form: Powder, Liquid
4) By Application: Food and Beverages, Pharmaceuticals, Cosmetics, Other Applications
5) 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 Tea Extracts market.
The Business Research Company's "Global Tea Extracts Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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 Market - Macro Economic Scenario
5. Tea Extracts Market Size And Growth
……
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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