Tea Extracts Market Outlook and Opportunities in Grooming Regions with Forecast 2030

Tea Extracts Market is predicted to reach USD 4.51 billion at a CAGR of 6.50% during the forecast period:


Market Research Future (MRFR) has published a cooked research report on the “Tea Extracts Market” that contains information from 2018 to 2030. The Tea Extracts Market is estimated to register a CAGR of 6.50% during the forecast period of 2023 to 2030.


MRFR recognizes the following companies as the key players in the global Tea Extracts Market — Taiyo International (Japan), AVT Tea Sources Ltd. (India), Dupont (US), Futureceuticals (US), Kemin Industries (US), Synthite Industries Ltd (India), Archer Daniels Midland (US), Frutarom (US), Martin Bauer Group (Germany), Indena SPA (Italy), Teawolf (US), Phyto Life Sciences Pvt Ltd (India), Halssen & Lyon GmbH (Germany), Harrisons Tea (India), and Synergy Flavors (US).


Market Highlights


The global Tea Extracts Market is accounted to register a CAGR of 6.50% during the forecast period and is estimated to reach USD 4.506 billion by 2030.


The tea extracts market refers to the global industry that involves the production, distribution, and consumption of various forms of concentrated tea products derived from tea leaves. These extracts are obtained through various processes such as solvent extraction, steam distillation, and pressing. Tea extracts are used for their flavor, aroma, color, and potential health benefits.


Segment Analysis


The global Tea Extracts Market has been segmented based on Type, Form, and Application.


Based on type, the Tea Extracts Market segmentation includes Oolong Tea, Green Tea, and others. The Tea Extracts segment held the majority share in 2022 contribution to around in the global market revenue. The green tea segment accounted for the largest share of the global tea extract market in 2019. Green tea extract is made by withering tea leaves, steaming, rolling, and drying. The leaves undergo minimal processing and contain 80%-90% catechins and flavonols.  


Based on the form type, the Tea Extracts Market segmentation includes Powder, Liquid. In 2022, the powder segment accounted for a larger revenue share. It was expected to register a higher growth rate during the forecast period owing to its ease of usage and production. Powdered tea extracts, especially black ones, are easily soluble and contain antioxidants that can function at different temperatures. The segment garnered a Tea Extracts Market share of nearly 80% in 2022 and is expected to maintain its dominance throughout the forecast period.


Based on Category, The Tea Extracts Market data has been divided into Organic, Conventional. The conventional segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period; 2022-2030. The main factors influencing the segment's growth include ordinary tea plants' widespread commercial production and sale and their straightforward accessibility. Another factor driving the segment's rise is the availability of conventional tea extracts at lower prices than organic ones.  


Regional Analysis


The global Tea Extracts Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America Tea Extracts market accounted for USD 21.3 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to the increasing demand for natural ingredients in various industries such as food & beverages, pharmaceuticals & nutraceutical, and personal care is driving the growth of the North American tea extract market across the Region. Further, the significant countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.  


Europe's Tea Extracts market accounts for the second-largest market share due to the increasing demand for natural ingredients in various industries, such as food & beverages, pharmaceuticals & nutraceuticals, and personal care. Further, the Germany Tea Extracts market held the largest market share, and the UK Tea Extracts market was the fastest-growing market in the European Region.  


The Asia-Pacific Tea Extracts Market is expected to grow at the fastest CAGR from 2022 to 2030. Moreover, the China Tea Extracts market held the largest market share, and the India Tea Extracts market was the fastest-growing market in the Asia-Pacific region


Key Findings of the Study



  • The global Tea Extracts Market is expected to reach USD 4.51 billion by 2030, at a CAGR of 6.50% during the forecast period.

  • The Asia-Pacific Tea Extracts Market is expected to grow at the fastest CAGR from 2022 to 2030. Moreover, the China Tea Extracts market held the largest market share, and the India Tea Extracts market was the fastest-growing market in the Asia-Pacific region

  • Based on type, the Tea Extracts Market segmentation includes Oolong Tea, Green Tea, and others. The Tea Extracts segment held the majority share in 2022 contribution to around in the global market revenue.

  • Taiyo International (Japan), AVT Tea Sources Ltd. (India), Dupont (US), Futureceuticals (US), Kemin Industries (US), Synthite Industries Ltd (India), Archer Daniels Midland (US), Frutarom (US), Martin Bauer Group (Germany), Indena SPA (Italy), Teawolf (US), Phyto Life Sciences Pvt Ltd (India), Halssen & Lyon GmbH (Germany), Harrisons Tea (India), and Synergy Flavors (US).

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Companies Covered 15
Pages 90
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