Tea Extracts Market by Application (Food, Beverages, Pharmaceuticals, and Cosmetics), Category (Organic, Conventional), Form (Liquid and Powder), Type (Green Tea, Black Tea, Oolong Tea), and Region - Global Forecast to 2025
Tea Extracts Market
Tea Extracts Market Key Drivers, Restraints & Challenge:
Tea extracts are a mixture of active ingredients processed from the leaves of the camellia sinensis plant, which contains ingredients such as flavonoids and polyphenois. The health benefits associated with these active ingredients such as flavonoids and polyphenois. The health benefits associated with these active ingredients have been a major factor leading to the rising demand for tea extracts in varied applications such as food & beverages, pharmaceuticals, and cosmetics.
Key Drivers:
- Rising awareness regarding the side effects of synthetic flavors
- Growing clean label trend across the world
- Increasing demand for herbal dietary supplements
- Growing demand for fortified and innovative beverages
- Rising per capita spending on processed food
Key Restraint & Challenge:
- Availability of cost-effective substitutes
- Limited availability of raw materials
- Unstable prices of raw materials
Categories of tea extracts :
Tea extracts produced from organically produced tea is categorized into organic tea extract, whereas tea extracts extracted from conventional tea plants are categorized into conventional category. Organic tea is usually produced by small scale farmers who mainly belong to the democratic co-operatives, while conventional tea is produced on a large scale.
- Organic
- Conventional
Top 10 players in tea extract industry:
The competitive landscape provides an overview of the relative market position of the key players operating in the tea extract market, based on the strength of their project offerings and business strategies, analyzed based on a proprietary model. Key players in the market have majorly adopted strategies such as new product launches, agreements, collaborations, and joint ventures, expansions, and acquisitions. Some of the major players in the market are:
- DuPont
- ADM
- Kemin Indutries Inc
- Givaudan
- Synthite Industries Ltd
- Finlays
- Iff-frutarom
- Martin Bauer Group
- A. Holiday & Company
- Indena S.P.A
[165 Pages Report]The tea extracts market size is estimated to account for a value of USD 2.5 billion in 2019 and is projected to grow at a CAGR of 6.9% from 2019, to reach a value of USD 3.8 billion by 2025. The increasing consumption of convenience food and the multifunctionality of tea are projected to drive the growth of this market.
By application, the food segment is projected to witness the highest growth in tea extracts market during the forecast period.
There has been an increasing adoption of botanical extracts, as functional or flavor ingredients, in the food industry. Ingredient manufacturers, such as ADM and Givaudan, have been innovating the application of tea flavors in food products, such as bakery and confectionery products, frozen desserts, and dairy products. Also, the familiarity of this flavor among consumers have been driving the demand for tea-based foods, and hence, the segment has been projected to grow at a comparatively higher growth rate during the forecast period.
By type, the green tea segment is projected to dominate the tea extracts market during the forecast period.
Green tea has already gained traction across the globe as a healthy alternative for caffeinated drinks. Its antioxidant property, complemented with its anti-inflammatory characteristics, has made tea extracts one of the most preferred beverages for consumers. An increase in the consumption of premium foods and increase in the popularity of functional foods also boost the opportunity for market. Innovative applications of green tea extract in cosmetics application has also expanded the growth opportunities in the market.
The increasing demand for tea extracts in Asia Pacific is projected to drive the growth of the market.
Though, a major producer of tea, consumption of tea-based RTD beverages and nutraceutical products are still in the nascent stages among Asian countries. Consumers, majorly favor tea as a hot beverage and not as a convenient product. Thus, the market for Asia Pacific in tea extract consumption is smaller compared to the North American and European markets. In addition, the market for tea extracts is fragmented in the Asia Pacific region, with multiple emerging and small-scale companies developing generic tea extracts in the Chinese market. The increase in FDI and increase in the living standards are going to make countries like China, India, Malaysia, and Thailand a promising opportunity for tea extracts market.
Key Market Players
Key players in this market include Archer Daniels Midland (US), Dupont (US), Kemin Industries (US), Givaudan (Switzerland), Synthite Industries Ltd. (India), Synergy Flavors (US), Frutarom (US), Finlays (UK), A.Holliday & Co. (Canada), Martin Bauer Group (Germany), Indena SPA (Italy), Futureceuticals (US), Amax Nutrasource Inc. (US), Cymbio Pharma Pvt. Ltd. (India), Teawolf (US), Phyto Life Sciences Pvt Ltd. (India), Taiyo International (Japan), AVT Tea Sources Ltd. (India), Halssen & Lyon GMBH (Germany), and Harrisons Tea (India). Major players in this market are focusing on enhancing their presence through new product launches, expansions, mergers & acquisitions, and collaborations. These companies have a strong presence in North America and Europe. They also have their manufacturing facilities and strong distribution networks across these regions.
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Scope of the Report
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|
Report Metric |
Details |
|
Market size available for years |
2017-2025 |
|
Base year considered |
2018 |
|
Forecast period |
2019-2025 |
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Forecast units |
Value (USD Billion) and Volume (Tons) |
|
Segments covered |
Application, Category, Form, Type, and Region |
|
Geographies covered |
North America, Europe, Asia Pacific, South America, and RoW |
|
Companies covered |
Archer Daniels Midland (US), Dupont (US), Kemin Industries (US), Givaudan (Switzerland), Synthite Industries Ltd. (India), Synergy Flavors (US), Frutarom (US),Finlays (UK), A.Holliday & Co. (Canada), Martin Bauer Group (Germany), Indena SPA (Italy), Futureceuticals (US), Amax Nutrasource Inc. (US), Cymbio Pharma Pvt. Ltd. (India), Teawolf (US), Phyto Life Sciences Pvt Ltd. (India), Taiyo International (Japan), AVT Tea Sources Ltd. (India), Halssen & Lyon GMBH (Germany), and Harrisons Tea (India) |
This research report categorizes the tea extracts market based on application, category, form, type, and region.
Based on Application, the market has been segmented as follows:
- Food
- Beverages
- Pharmaceuticals
- Cosmetics
Based on Category, the market has been segmented as follows:
- Organic
- Conventional
Based on Form, the market has been segmented as follows:
- Liquid
- Powder
Based on Type, the market has been segmented as follows:
- Green tea
- Black tea
- Oolong tea
- Others
Based on the Region, the market has been segmented as follows:
- North America
- Europe
- Asia Pacific
- South America
- Rest of World (RoW)*
*Rest of the World (RoW) includes South Africa and the Middle East & Africa.
Recent Developments:
- In January, the Archer Daniels Midland Company opened an innovation center at the Biopolis research hub in Singapore. This 8,900-square foot (825-square meter) space would facilitate flavor and ingredient creation as well as the development of products.
- In June 2019, Givaudan opened a new flagship innovation center in Switzerland. The workspace is 12,000 square meters and is aimed to create differentiated and sustainable flavor, taste, and fragrance solutions for the food & beverage, beauty, personal care, and home care industries.
- In June 2019, Kerry Group opened a new facility worth USD 23.6 million
(20 million) in Tumkur, India, to expand and boost its research and development efforts.
Key Questions Addressed by the Report:
- Which are the emerging application areas for the tea extracts market that companies are exploring?
- Who are some of the key players operating in the tea extracts market, and what is the competitive scenario among them?
- With the emerging applications of tea extracts, what would be the penetration rate for new companies? What will be their go-to-market strategy, and which emerging markets will be of their significant interest?
- How are the new product launches and developments going to impact the market growth, and what will be the attractions of the market for different stakeholders across the value chain?
Frequently Asked Questions (FAQ):
What is the research methodology adopted for market estimation of tea extracts market?
Multiple approaches have been adopted to understand the holistic view of this market:
- Top down approach based on the parent market (plant extracts market)
- Bottom-up approach from regional level, by types of tea extracts (black tea, green tea, and others)
- Primary interviews with industry experts and KOLs
- Demand side analysis based of the RTD tea market
- Data triangulation
What are the challenges included in the scope of tea extracts market?
The major challenges included in this study are:
- Limited availability of raw materials
- Unstable prices of raw materials
Also, other EU and non-EU countries have also been included in the scope of Rest of Europe estimations
We are looking for detailed analysis of value chain.
We can provide you detailed value chain analysis at
- Global level
- Regional level
Please provide customer analysis for demand side players (top 25)?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Periodization Considered
1.5 Currency Considered
1.6 Units Considered
1.7 Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions for the Study
2.5 Limitations of the Study
3 Executive Summary (Page No. - 28)
4 Premium Insights (Page No. - 32)
4.1 Attractive Opportunities in the Market
4.2 Tea Extracts Market, By Region, 2019 vs. 2025
4.3 Market, By Source, 2019 vs. 2025
4.4 Market, By Form, 2019 vs. 2025
4.5 North America: Tea Extracts Market, By Application and Country, 2018
5 Market Overview (Page No. - 36)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Awareness Regarding the Side Effects of Synthetic Flavors
5.2.1.2 Growing Clean Label Trend Across the World
5.2.1.3 Increasing Demand for Herbal Dietary Supplements
5.2.1.4 Growing Demand for Fortified and Innovative Beverages
5.2.1.5 Rising Per Capita Spending on Processed Food
5.2.2 Restraints
5.2.2.1 Availability of Cost-Effective Substitutes
5.2.2.1.1 Coffee
5.2.2.1.2 Plant Extracts
5.2.3 Opportunities
5.2.3.1 Acceptance of Green Tea Flavor in Functional Beverages
5.2.3.1.1 Launch of Innovative Product Portfolio for Green Tea
5.2.3.2 Expansion of Product Portfolios in the Cosmetics Industry
5.2.3.3 Encapsulation of Products
5.2.4 Challenges
5.2.4.1 Limited Availability of Raw Materials
5.2.4.2 Unstable Prices of Raw Materials
5.3 Yc & Ycc Shift
5.4 Supply Chain Analysis
6 Tea Extracts Market, By Source (Page No. - 47)
6.1 Introduction
6.2 Black Tea
6.2.1 High Market Penetration of Black Tea Aiding the Tea Extracts Market to Grow
6.3 Green Tea
6.3.1 Increasing Application of Green Tea Extracts in Cosmetics and Personal Care
6.4 Oolong Tea
6.4.1 Oolong Tea Consumption for Weight Loss and Weight Management
6.5 Others
7 Tea Extracts Market, By Application (Page No. - 56)
7.1 Introduction
7.2 Food
7.2.1 Increasing Application of Tea Extracts in Functional Foods has Been Widening the Scope of This Market
7.3 Beverages
7.3.1 Beverages Have Been the Most Common Application for Tea Extracts Across the Globe
7.4 Pharmaceuticals
7.4.1 Pharmaceuticals & Dietary Supplements are Exploring the Benefits of Green Tea
7.5 Cosmetics
7.5.1 Adoption of Herbal Remedies in Cosmetics is Witnessing Substantial Growth
8 Tea Extracts Market, By Category (Page No. - 65)
8.1 Introduction
8.2 Organic
8.2.1 Consumers Willingness to Pay Premium Price for Certified Products has Been Fueling the Market Growth
8.3 Conventional
8.3.1 Conventional Tea Extracts are Easily Available and Cost-Effective
9 Tea Extracts Market, By Form (Page No. - 71)
9.1 Introduction
9.2 Liquid
9.2.1 Concentrates Majorly Find Application in the Beverage Industry for Rtd Tea
9.3 Powder
9.3.1 Extended Shelf Life is One of the Main Advantages for the Increasing Application of the Powder Form Across All Industries
10 Tea Extracts Market, By Region (Page No. - 75)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 Growth of the Food and Herbal Dietary Supplements Industries
10.2.2 Canada
10.2.2.1 Familiarity of the Black Tea Flavor in the Country Can Provide Opportunities for the Market in the Beverage Industry
10.2.3 Mexico
10.2.3.1 Rise in Health Awareness and Fdi in the Health Sector
10.3 Europe
10.3.1 Germany
10.3.1.1 The Rising Innovation in Functional Beverages has Increased the Demand for Tea Extracts
10.3.2 UK
10.3.2.1 Increased Spending on Organic Products to Propel the Market
10.3.3 France
10.3.3.1 Increasing Acceptance of Natural Ingredients in Dietary Supplements
10.3.4 Italy
10.3.4.1 Rising Demand for Herbal Products for Medicinal Purposes
10.3.5 Spain
10.3.5.1 Growth in the Personal Care Industry Expected to Accelerate the Market Growth
10.3.6 Turkey
10.3.6.1 Changing Consumer Preference Toward Functional Drinks
10.3.7 Poland
10.3.7.1 Increasing Per Capita Consumption of Tea is Expected to Propel the Demand for Flavored Tea Drinks
10.3.8 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Rising Popularity of Tea Extract Products in China
10.4.2 Japan
10.4.2.1 Increasing Trend of Rtd Beverages Driving the Market
10.4.3 India
10.4.3.1 Increasing Health Awareness and Fdi in the Health Sector
10.4.4 Australia & New Zealand
10.4.4.1 Positioning of Tea Extract Beverages as A Health Drink Propelling the Market
10.4.5 Thailand
10.4.5.1 Increasing Innovation in Rtd Tea Flavored Drinks has Increased the Consumption of Tea Extracts
10.4.6 Rest of Asia Pacific
10.5 South America
10.5.1 Brazil
10.5.1.1 Increase in Product Innovation Among Local Beverage Companies
10.5.2 Argentina
10.5.2.1 Greater Acceptance of Herbal Tea and Organic Products to Propel the Tea Extracts Market
10.5.3 Rest of South America
10.5.3.1 Changes in Consumer Perception and Increase in Consumer Buying Power
10.6 Rest of the World
10.6.1 South Africa
10.6.1.1 Increasing Obesity Rate in the Country Propelling Healthy Food Products
10.6.2 Middle East
10.6.2.1 Increasing Industrialization in and Population of Western Countries Propelling the Market
10.6.3 Others in RoW
11 Competitive Landscape (Page No. - 119)
11.1 Overview
11.2 Competitive Leadership Mapping
11.2.1 Dynamic Differentiators
11.2.2 Innovators
11.2.3 Visionary Leaders
11.2.4 Emerging Companies
11.3 Competitive Benchmarking
11.3.1 Strength of Product Portfolio
11.3.2 Business Strategy Excellence
11.4 Competitive Scenario
11.4.1 Expansions & Investments
11.4.2 Acquisitions
11.4.3 Partnerships, Joint Ventures, and Agreements
12 Company Profiles (Page No. - 127)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & Right to Win)*
12.1 Dupont
12.2 Archer Daniels Midland Company
12.3 Kemin Industries, Inc
12.4 Givaudan
12.5 Synthite Industries Ltd.
12.6 Finlays
12.7 Iff-Frutarom
12.8 Martin Bauer Group
12.9 A. Holliday & Company
12.10 Indena S.P.A
12.11 Futureceutical
12.12 Amax Nutrasource, Inc.
12.13 Synergy
12.14 Cymbio Pharma Pvt. Ltd
12.15 Teawolf
12.16 Phyto Lifesciences Pvt. Ltd
12.17 Taiyo International
12.18 Avt Tea Services Limited
12.19 Haelssen & Lyon GmbH
12.20 Harrisons Tea
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis & Right to Win Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 157)
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details
List of Tables (106 Tables)
Table 1 USD Exchange Rates, 20142018
Table 2 New Product Launches (Green Tea-Related) By Beverage Companies
Table 3 New Product Launches (Green Tea-Related) By Cosmetic Companies
Table 4 Tea Extracts Market Size, By Source, 20172025 (USD Million)
Table 5 Market Size, By Source, 20172025 (Kt)
Table 6 Market Size for Black Tea Extracts, By Region, 20172025 (USD Million)
Table 7 Market Size for Black Tea Extracts, By Region, 20172025 (Kt)
Table 8 Green Tea Extracts Market Size, By Region, 20172025 (USD Million)
Table 9 Market Size for Green Tea Extracts, By Region, 20172025 (Kt)
Table 10 Oolong Tea Extracts Market Size, By Region, 20172025 (USD Million)
Table 11 Market Size for Oolong Tea Extracts, By Region, 20172025 (Ton)
Table 12 Other Tea Extracts Market Size, By Region, 20172025 (USD Million)
Table 13 Other Tea Extracts Market Size, By Region, 20172025 (Ton)
Table 14 Tea Extracts Market Size, By Application, 20172025 (USD Million)
Table 15 Market Size, By Application, 20172025 (Kt)
Table 16 Food: Tea Extracts Market Size, By Region, 20172025 (USD Million)
Table 17 Food: Market Size, By Region, 20172025 (Kt)
Table 18 Beverages: Market Size For Tea Extracts, By Region, 20172025 (USD Million)
Table 19 Beverages: Market Size, By Region, 20172025 (Kt)
Table 20 Pharmaceuticals: Market Size For Tea Extracts, By Region, 20172025 (USD Million)
Table 21 Pharmaceuticals: Market Size, By Region, 20172025 (Ton)
Table 22 Cosmetics: Market Size For Tea Extracts, By Region, 20172025 (USD Million)
Table 23 Cosmetics: Market Size, By Region, 20172025 (Ton)
Table 24 Market Size, By Category, 20172025 (USD Million)
Table 25 Market Size, By Category, 20172025 (Kt)
Table 26 Market Size for Organic Tea Extracts, By Region, 20172025 (USD Million)
Table 27 Market Size for Organic Tea Extracts, By Region, 20172025 (Ton)
Table 28 Conventional Tea Extracts Market Size, By Region, 20172025 (USD Million)
Table 29 Conventional Tea Extracts Market Size, By Region, 20172025 (Kt)
Table 30 Tea Extracts Market Size, By Form, 20172025 (USD Million)
Table 31 Market Size, By Form, 20172025 (Kt)
Table 32 Liquid Tea Extracts Market Size, By Region, 20172025 (USD Million)
Table 33 Powdered Tea Extracts Market Size, By Region, 20172025 (USD Million)
Table 34 Tea Extracts Market Size, By Region, 20172025 (Kt)
Table 35 Market Size, By Region, 20172025 (USD Million)
Table 36 North America: Tea Extracts Market Size, By Country, 20172025 (Kt)
Table 37 North America: Market Size, By Country, 20172025 (USD Million)
Table 38 North America: Market Size, By Category, 20172025 (Kt)
Table 39 North America: Market Size, By Category, 20172025 (USD Million)
Table 40 North America: Market Size, By Form, 20172025 (USD Million)
Table 41 North America: Market Size, By Source, 20172025 (Kt)
Table 42 North America: Market Size, By Source, 20172025 (USD Million)
Table 43 North America: Market Size, By Application, 20172025 (Kt)
Table 44 North America: Market Size, By Application, 20172025 (USD Million)
Table 45 US: Tea Extracts Market Size, By Source, 20172025 (USD Million)
Table 46 Canada: Market Size, By Source, 20172025 (USD Million)
Table 47 Mexico: Tea Extracts Market Size, By Source, 20172025 (USD Thousand)
Table 48 Europe: Tea Extracts Market Size, By Country, 20172025 (USD Million)
Table 49 Europe: Market Size, By Country, 20172025 (Kt)
Table 50 Europe: Market Size, By Category, 20172025 (Kt)
Table 51 Europe: Market Size, By Category, 20172025 (USD Million)
Table 52 Europe: Market Size, By Form, 20172025 (USD Million)
Table 53 Europe: Market Size, By Source, 20172025 (Ton)
Table 54 Europe: Market Size, By Source, 20172025 (USD Million)
Table 55 Europe: Market Size, By Application, 20172025 (Kt)
Table 56 Europe: Market Size, By Application, 20172025 (USD Million)
Table 57 Germany: Tea Extracts Market Size, By Source, 20172025 (USD Thousand)
Table 58 UK: Market Size, By Source, 20172025 (USD Million)
Table 59 France: Market Size, By Source, 20172025 (USD Million)
Table 60 Italy: Market Size, By Source, 20172025 (USD Thousand)
Table 61 Spain: Tea Extracts Market Size, By Source, 20172025 (USD Thousand)
Table 62 Turkey: Market Size, By Source, 20172025 (USD Thousand)
Table 63 Poland: Market Size, By Source, 20172025 (USD Million)
Table 64 Rest of Europe: Tea Extracts Market Size, By Source, 20172025 (USD Thousand)
Table 66 Asia Pacific: Tea Extracts Market Size, By Country, 20172025 (Kt)
Table 67 Asia Pacific: Market Size, By Category, 20172025 (USD Million)
Table 72 Asia Pacific: Market Size, By Application, 20172025 (USD Million)
Table 77 Australia & New Zealand: Tea Extracts Market Size, By Source, 20172025 (USD Million)
Table 78 Thailand: Market Size, By Source, 20172025 (USD Thousand)
Table 79 Rest of Asia Pacific: Tea Extracts Market Size, By Source, 20172025 (USD Million)
Table 80 South America: Tea Extracts Market Size, By Country, 20172025 (Kt)
Table 81 South America: Market Size, By Country, 20172025 (USD Million)
Table 82 South America: Market Size, By Category, 20172025 (USD Million)
Table 83 South America: Market Size, By Category, 20172025 (Kt)
Table 84 South America: Market Size, By Form, 20172025 (USD Million)
Table 85 South America: Market Size, By Source, 20172025 (Ton)
Table 86 South America: Market Size, By Source, 20172025 (USD Million)
Table 87 South America: Market Size, By Application, 20172025 (Kt)
Table 88 South America: Market Size, By Application, 20172025 (USD Million)
Table 89 Brazil: Tea Extracts Market Size, By Source, 20172025 (USD Million)
Table 90 Argentina: Tea Extracts Market Size, By Source, 20172025 (USD Million)
Table 91 Rest of South America: Tea Extracts Market Size, By Source, 20172025 (USD Thousand)
Table 92 RoW: Tea Extracts Market Size, By Region/Country, 20172025 (Ton)
Table 93 RoW: Market Size, By Region/Country, 20172025 (USD Million)
Table 94 RoW: Market Size, By Category, 20172025 (Ton)
Table 95 RoW: Market Size, By Category, 20172025 (USD Million)
Table 96 RoW: Market Size, By Form, 20172025 (USD Million)
Table 97 RoW: Market Size, By Source, 20172025 (Ton)
Table 98 RoW: Market Size, By Source, 20172025 (USD Million)
Table 99 RoW: Market Size, By Application, 20172025 (Ton)
Table 100 RoW: Market Size, By Application, 20172025 (USD Million)
Table 101 South Africa: Tea Extracts Market Size, By Source, 20172025 (USD Thousand)
Table 102 Middle East: Market Size, By Source, 20172025 (USD Thousand)
Table 103 Others in RoW: Tea Extracts Market Size, By Source, 20172025 (USD Million)
Table 104 Expansions & Investments, 20162018
Table 105 Acquisitions, 20142019
Table 106 Partnerships, Joint Ventures, and Agreements, 20182019
List of Figures (49 Figures)
Figure 1 Research Design
Figure 2 Data Triangulation Methodology
Figure 3 Green Tea Extracts are Projected to Grow at the Highest Rate
Figure 4 Beverages Were the Major Application of Tea Extracts Across the Globe in 2018
Figure 5 The Organic Segment, on the Basis of Category, is Projected to Grow Faster in this Market
Figure 6 Europe to Be the Fastest-Growing Region in the Tea Extracts Market During the Forecast Period
Figure 7 Tea Extracts: an Emerging Market With High-Growth Potential
Figure 8 Asia Pacific to Dominate the Market From 2019 to 2025
Figure 9 The Black Tea Segment, on the Basis of Source, is Projected to Hold the Largest Share From 2019 to 2025
Figure 10 The Powder Segment is Projected to Hold A Larger Share From 2019 to 2025 (USD Million)
Figure 11 The Beverages Segment, on the Basis of Application, Accounted for the Largest Share in the North American Tea Extracts Market
Figure 12 India, France, and Germany are Projected to Grow at High Rates During the Forecast Period
Figure 13 Tea Extracts Market: Drivers, Restraints, Opportunities, and Challenges
Figure 14 Consumer Perception & Expectation of Natural Labels on Processed and Packaged Food, 2015
Figure 15 US Mainstream Multi-Outlet Channel Sales of Green Tea Herbal Supplements, 20162018 (USD Million)
Figure 16 Per Person Expenditure on Food, By Country, 20122016 (USD)
Figure 17 World Coffee Consumption, By Region, 2015/162018/19 (In Thousand 60-Kg Bags)
Figure 18 Top 5 Tea Producing Countries, 2017 (Kt)
Figure 19 Yc & Ycc Shift Indena S.P.A.
Figure 20 Tea Extracts Market: Supply Chain Analysis
Figure 21 Global Utz Sales, By Product, 2017 (Mt)
Figure 22 Market Size, By Source, 2019 vs. 2025 (USD Million)
Figure 23 Global Utz Production of Tea and Rooibos, 20132017 (Mt)
Figure 24 Market Size, By Application, 2019 vs. 2025 (USD Million)
Figure 25 Trend of Japans Aged Population (Aged 60 Or Over), 2017 vs. 2050 (%)
Figure 26 US Retail Sales of Herbal Supplements, 20122018 (USD Billion)
Figure 27 Market Size, By Category, 2019 vs. 2025 (USD Million)
Figure 28 Organic Farm Area Growth Trend, 20152017 (Ha)
Figure 29 World Tea Production, By Key Country, 20092013 (Thousand Tons)
Figure 30 The Powder Segment is Estimated to Dominate the Market in 2019
Figure 31 Geographic Snapshot, 20192025
Figure 32 North America: Tea Extracts Market Snapshot
Figure 33 Increasing Obesity With Age in Canada, 2017
Figure 34 Developing Countries Supplying Botanical Extracts to Germany (% in Volume)
Figure 35 UK: Sales of Certified Organic & Natural Health and Beauty Products, 20132018 (USD Million)
Figure 36 Asia Pacific: Market Snapshot
Figure 37 Thailand: Tea Production, 20142017
Figure 38 Tea Extract Market: Competitive Leadership Mapping, 2018
Figure 39 Key Developments of the Leading Players in the Market, 20142019
Figure 40 Dupont: Company Snapshot
Figure 41 Dupont: SWOT Analysis
Figure 42 Archer Daniels Midland Company: Company Snapshot
Figure 43 Archer Daniels Midland Company: SWOT Analysis
Figure 44 Kemin Industries, Inc: SWOT Analysis
Figure 45 Givaudan: Company Snapshot
Figure 46 Givaudan: SWOT Analysis
Figure 47 Synthite Industries Ltd.: SWOT Analysis
Figure 48 Finlays: Company Snapshot
Figure 49 Iff-Frutarom: Company Snapshot
The study involves four major activities to estimate the current market size of tea extracts market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. These findings, assumptions, and market sizes were validated with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation approaches were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources, such as NCBI, government websites, Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.
Primary Research
The global market comprises several stakeholders, such as manufacturers, importers and exporters, traders, distributors, and suppliers of tea extracts, and government & research organizations. The demand-side of this market is characterized by the rising demand for tea extracts in the food, beverages, pharmaceuticals, and cosmetic industries, researchers, importers/exporters, and distributors. The supply-side is characterized by various suppliers in the market and by the presence of key manufacturers of tea extracts. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the tea extracts market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets were identified through extensive secondary research
- The industrys supply chain and market size, in terms of value, was determined through primary and secondary research processes
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary respondents
Data Triangulation
After arriving at the overall market sizeusing the market size estimation processes, as explained abovethe market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed. The data was triangulated by studying various factors and trends from both the demand and supply sides in the market.
Report Objectives
- To define, segment, and project the global market size for tea extract
- To understand the tea extracts market by identifying its various subsegments
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the micromarkets, with respect to individual growth trends, prospects, and their contribution to the total market
- To project the size of the market and its submarkets, in terms of value, with respect to the regions (along with their respective key countries)
- To profile the key players and comprehensively analyze their core competencies
- To understand the competitive landscape and identify the major growth strategies adopted by the players across the key regions
- To analyze the competitive developments, such as expansions, mergers & acquisitions, new product launches, and collaborations
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
- Further breakdown of the Rest of Europe tea extracts market into Poland, Portugal, Ireland, Sweden, Finland, France, Austria, Belgium, Bulgaria, Greece, Czech Republic, Russia, and other EU non-EU countries.
- Further breakdown of the Rest of Asia Pacific tea extracts market into Malaysia, Myanmar, the Philippines, Indonesia, Korea, Thailand, Sri Lanka, and Vietnam
- Further breakdown of South America tea extracts market into Colombia, Uruguay, Paraguay, Chile, and Peru.
Company Information
- Detailed analysis and profiling of additional market players (Up to 5)
Growth opportunities and latent adjacency in Tea Extracts Market