Market Size of Black Tea Extracts Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.50 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Black Tea Extracts Market Analysis
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 positivelyinfluenced the black tea extract market size. Functional food with herbal ingredients are witnessing a significant consumption growth over the forecast period.