According to the latest report by Reports and Data, the anticipated global size for Green Tea Extracts Market is projected to reach USD 4,160.7 Million by 2028, with a compound annual growth rate (CAGR) of 6.5% during the forecast period. The consistent revenue growth in the Green Tea Extracts Market can be attributed to the growing awareness among individuals regarding the health benefits of natural flavors. Currently, consumers consider the taste and flavor of beverages as crucial factors influencing their choices. In contrast to concentrates or juices, natural extracts like tea extracts can significantly enhance or balance the flavor of beverages, offering a more consistent taste and improved stability. Incorporating tea extracts as flavoring agents in beverages provides long-lasting effects that artificial flavors cannot replicate. Moreover, due to the rising consumption of artificial additives in beverages, a considerable number of consumers experience allergic reactions, abdominal pain, and vomiting. Consequently, there is a rising global demand for tea extracts as flavoring agents to address these concerns.
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Top Companies Operating in the Global Green Tea Extracts Market Report:
The Archer Daniels Midland Company, Martin Bauer Group, Givaudan, DuPont, Indena SPA, Kemin Industries Inc., Finlays, FutureCeuticals, Inc., Synthite Industry Ltd., and Taiyo International.
Major Driving Factors of Green Tea Extracts Market
- Increasing awareness of health benefits: There is a growing awareness among consumers about the various health benefits associated with tea extracts. Tea extracts are rich in antioxidants, polyphenols, and other bioactive compounds that have been linked to numerous health benefits, including improved cardiovascular health, enhanced immune function, and potential cancer prevention. This increased awareness is driving the demand for tea extracts.
- Demand for innovative and flavorful beverages: The beverage industry is constantly evolving, with consumers demanding unique and flavorful options. Tea extracts offer a wide range of flavors, including green tea, black tea, herbal tea, and fruit-infused teas. Beverage manufacturers are incorporating tea extracts to develop new and innovative beverage formulations that cater to consumer preferences.
- Growing beverage industry: The global beverage industry is experiencing significant growth, driven by factors such as urbanization, changing lifestyles, and the rising disposable income of consumers. Tea extracts find extensive applications in various beverages, including tea-based drinks, carbonated beverages, functional beverages, and ready-to-drink beverages. The growth of the beverage industry directly contributes to the demand for tea extracts.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
This report analyzes the Green Tea Extracts Market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Green Tea Extracts Market is provided to gain a deeper understanding of its growth and progress.
The global Green Tea Extracts Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Extract Type Outlook (Revenue, USD Million; 2018-2028)
- Black Tea
- Green Tea
- Oolong Tea
- Others
Distribution Channel Outlook (Revenue, USD Million; 2018-2028)
- Online
- Offline
Form Outlook (Revenue, USD Million; 2018-2028)
- Powder
- Liquid
- Encapsulated
Application Outlook (Revenue, USD Million; 2018-2028)
- Food Beverage
- Pharmaceutical
- Cosmetic
- Others
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