Natural Tea Extract Market Dynamics: Growing Applications in Beverages, Wellness, and Beyond

The global market for natural tea extracts is projected to reach a value of USD 5.4 billion in 2024. This market is expected to experience steady growth, with demand for natural tea extracts anticipated to increase at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2034. As a result, by 2034, the market is forecasted to expand significantly, achieving total global sales of approximately USD 11.1 billion.

Keeping in line with the organic rage, the demand for natural tea extract is expanding. Both in the food and beverage and cosmetics sectors, the demand for natural ingredients is shooting up. The use of natural tea extracts in functional foods is another avenue through which the market is progressing.

The market does, however, have a few factors going against it. The side effects of tea extract withdrawal, such as headaches and irritability, make people hesitant about it. The iron intake of the body is also potentially reduced by tea extract, another negative factor.

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Key Takeaways from the Natural Tea Extract Market

The natural tea extract market value is anticipated to total USD 5.4 billion in 2024.
Based on type, green tea extract segment accounted for a market share of 44% in 2023.
South Korea is projected to record a CAGR of 10.0% through 2034.
China and Japan are poised to register CAGRs of 8.3% and 9.2% respectively.

"As the food and cosmetics industries embrace naturalness, the market has great potential to upscale. With stakeholders cognizant of the need to let potential consumers know the benefits of the extract, promotional activities are set to play a significant part in the market. Thus, investors are advised to keep their marketing game strong," says Nandini Roy Choudhury, Client Partner at Future Market Insights

Who is Winning?

Research and development is a key area of concern for industry players. To get ahead in the market, companies are also indulging in mergers and acquisitions. Some of the prominent companies in the market include Finlays, Martin Bauer Group, Tata Global Beverages, and Amax NutraSource.

Leading Natural Tea Extract Brands

Finlays
Martin Bauer Group
Tata Global Beverages
Amax NutraSource
Cymbio Pharma

Recent Developments in the Natural Tea Extract Market

In November 2023, the green tea extract-rich Herbfast Protein supplement was launched by Steadfast Nutrition.
In May 2024, the Pretty Tasty Collagen Tea, containing black tea extract, was launched.
Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides a thorough, detailed and unbiased analysis of the global natural tea extract market, presenting historical demand data for the years 2019 to 2023 and forecast statistics for the years 2024 to 2034.

The study provides compelling industry insights based on type (green tea extract, black tea extract, white tea extract, and others) and application (pharmaceutical, cosmetics, functional foods, energy drinks, and others) across several regions.

Get the full picture with our detailed report. https://www.futuremarketinsights.com/reports/natural-tea-extract-market

Key Segments of Natural Tea Extract Industry

By Type:

In terms of type, the industry is divided into green tea extract, black tea extract, white tea extract, and others.

By Application:

Based on application, the industry is segmented into pharmaceutical, cosmetics, functional foods, energy drinks, and others.

By Region:

Key countries of North America, Latin America, Europe, East Asia, South Asia, Middle East and Africa (MEA), and Oceania have been covered in the report.

Have a Look at Related Research Reports of Food and Beverage

Black Tea Extracts Market: https://www.futuremarketinsights.com/reports/black-tea-extracts-market

Green Tea Extracts Market: https://www.futuremarketinsights.com/reports/green-tea-extracts-market

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This release was published on openPR.