Black Tea Extracts Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Black Tea Extracts Market is segmented by Form (Liquid, Encapsulated, and Powder), By Type (Hot Water Soluble (HWS) and Cold Water Soluble (CWS)), By Application (Beverages, Functional Food, Cosmetics and Beauty Supplements, Dietary Supplements, and Others), and by Geography.

Market Snapshot

market sum
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.5 %

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Market Overview

Global Black Tea Extracts Market is  projected to grow at a CAGR of 4.5% during the forecast period (2019-2024).

  • Black tea extract is rich in of vitamin C, zinc, iron, magnesium, copper, manganese, potassium, fluoride, and calcium. Black tea extract have more anti-oxidants as compared to green tea, and are anti-allergic, anti-viral and anti-spasmodic. 
  • Increasing demand for herbal medicines demand has positively influenced the black tea extract market size. Functional food with herbal ingredients are witnessing a significant consumption growth over the forecast period.

 

Scope of the Report

Global Black Tea Extracts Market is segmented by form, type, and application. On the basis of form, the market is segmented into liquid, encapsulated, and powder. On the basis of type, the market is segmented into Hot Water Soluble (HWS) and Cold Water Soluble (CWS). On the basis of application, the market is segmented into beverages, functional food, cosmetics and beauty supplements, dietary supplements, and others. Also, the study provides an analysis of the black tea extracts market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Form
Liquid
Encapsulated
Powder
Type
Hot Water Soluble (HWS)
Cold Water Soluble (CWS)
Application
Beverages
Functional Foods
Cosmetics and Beauty Supplements
Dietary Supplements
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

Growing Demand for Functional Food

Increasing consumer awareness towards nutritional enrichment and calorie reduction, mainly in Asia-Pacific and North America regions is set to transform the food & beverage sector and favors black tea extract market growth. Moreover, rising consumer consciousness toward personal health is boosting the functional food segment in the market studied. In addition, the rising demand for functional foods in Europe and North America is expected to drive growth over the forecast period.

trend 1

Asia-Pacific Witness a Significant Growth in the Market Studied

Asia Pacific is expected to be a key industry for black tea extracts due to the larger production and consumption trend observed in the region. Key players located in the region are integrated across the value chain. The presence of major players in Asia Pacific coupled with increased disposable income and changing consumer preferences toward ready-to-drink beverages is likely to drive the product growth over the forecast period. North America is anticipated to be the largest importer of the black tea extract product for use in the cosmetic applications, ready-to-drink beverages, and other beauty supplement industries.

trend 2

Competitive Landscape

The global black tea extract market is moderately consolidated with an equal presence of strong global players as well as local and regional companies. Some of the major key players in the black tea extract market, globally include Synthite Industries, Martin Bauer Group, James Finlay Limited, Amax NutraSource, Inc., Phyto Life Sciences P. Ltd., Blueberry Agro Products Pvt Ltd., among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Form

      1. 5.1.1 Liquid

      2. 5.1.2 Encapsulated

      3. 5.1.3 Powder

    2. 5.2 Type

      1. 5.2.1 Hot Water Soluble (HWS)

      2. 5.2.2 Cold Water Soluble (CWS)

    3. 5.3 Application

      1. 5.3.1 Beverages

      2. 5.3.2 Functional Foods

      3. 5.3.3 Cosmetics and Beauty Supplements

      4. 5.3.4 Dietary Supplements

      5. 5.3.5 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 Germany

        3. 5.4.2.3 France

        4. 5.4.2.4 Russia

        5. 5.4.2.5 Italy

        6. 5.4.2.6 Spain

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Synthite Industries

      2. 6.3.2 Martin Bauer Group

      3. 6.3.3 James Finlay Limited

      4. 6.3.4 AVT Naturals

      5. 6.3.5 Phyto Life Sciences P. Ltd.

      6. 6.3.6 Amax NutraSource, Inc.

      7. 6.3.7 Teawolf LLC.

      8. 6.3.8 Cymbio Pharma Pvt. Ltd

      9. 6.3.9 Blueberry Agro Products Pvt Ltd.

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Black Tea Extracts Market market is studied from 2016 - 2026.

The Black Tea Extracts Market is growing at a CAGR of 4.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Synthite Industries, Martin Bauer Group, James Finlay Limited, Teawolf LLC., AVT Naturals are the major companies operating in Black Tea Extracts Market.

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