According to a recent report by Emergen Research, the market for tea extracts is anticipated to grow to a value of USD 3.89 billion by the year 2027. Some of the major market drivers include consumer health consciousness, the affordability of tea compared to alternatives, and an increase in the use of soft drinks. The market has benefited greatly from the recent noticeable increase in tea consumption.

Over the past few years, the market for tea extracts has experienced significant growth due to the revitalising properties of tea extracts that operate as an instant energy booster. Additional market drivers include the advantages of weight loss and stress reduction provided by the compounds in tea extracts.

The market for tea extracts is anticipated to remain competitive and highly fragmented, with a significant number of small start-ups, medium-sized businesses, and substantial conglomerates. High product variety and rising demand for technological developments give new players excellent growth possibilities.

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Competitive Outlook:

The global Tea Extracts Market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Tea Extracts Market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

Key players in the tea extracts market include

Teawolf,

AVT Tea Sources Ltd,

Frutarom,

Givaudan,

Finlays, and

Taiyo International

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Emergen Research has segmented the tea extracts market based on form, distribution channel, application, nature, type, and region:

Form Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017–2027)

Liquid

Powder

Encapsulated

Distribution Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017–2027)

Supermarkets

Online Retailers

Convenience Stores

Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017–2027)

Food & Beverage

Cosmetics

Pharmaceuticals

Others

Nature Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017–2027)

Conventional

Organic

Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017–2027)

Black Tea

Green Tea

Oolong Tea

Others

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On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.

Key Questions Answered in the Report:

What will be the estimated growth rate of the Tea Extracts market by 2027?

Who are the prominent distributors, vendors, and manufacturers of the market?

What are the driving and restraining factors of the growth of the Tea Extracts market throughout the forecast period?

What are the current and future market trends of the Tea Extracts market?

What are the sales and price analysis of the product by types, applications, and regions?

What are the expected opportunities for the companies and new entrants in the coming years?

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