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Tea Extracts Market Trends

Report ID: GMI6434
Published Date: Aug 2023
Report Format: PDF

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Tea Extracts Market Trends

Consumer preferences for natural and healthy products have driven the demand for tea extracts as they are perceived as natural sources of antioxidants, polyphenols, and other health-promoting compounds. The trend of functional beverages and fortified products has led to the incorporation of tea extracts in a wide range of beverages, including ready-to-drink teas, energy drinks, and functional beverages with added health benefits. Green tea extract remains the most popular type of tea extract, attributed to its high antioxidant content and associated health benefits.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of tea extracts recorded USD 4.5 billion in 2023 and is set to reach USD 7.2 billion by 2032, driven by the increasing number of health-conscious consumers worldwide.

Tea extracts market from the green tea extracts type segment reached USD 0.9 billion in 2022, attributed to growing popularity of health-promoting ingredients in tea.

U.S. market size was valued at USD 1 billion in 2022, due to the increasing focus on health and wellness among consumers in the region.

Some of the top tea extract companies are ADM, Finlays, Martin Bauer Group, Grameen Herbal, Blueberry Agro Products Pvt Ltd., AVT Natural Products Ltd., Kemin Industries, Inc., Indena S.p.A., Synthite Industries Ltd., Harrisons Malayalam Ltd., Cymbio Pharma Pvt. Ltd., and Shaanxi Sciphar Hi-Tech Industry Co., Ltd.