Tea Extracts Market Size, Scope, Growth Analysis 2022-2028

The global tea extracts market size was valued at USD 2,831.7 million in 2021 and is poised to grow at a significant CAGR of 7.10% during the forecast period 2022-28. Demand for tea extracts is fueled partly by rising consumer interest in natural and healthy products, increased consumer knowledge of population health, and a shift in the food sector toward using vegetable ingredients as flavorings and other additives. Thus, it is anticipated that natural or organic tea extracts will become increasingly popular. Additionally, an article published in November 2018 by Anticancer Research claimed that consuming oolong tea extracts aids in preventing breast cancer. These extracts cause DNA cleavage in breast cancer cells, which harms them and slows their growth. According to research from the American Breast Cancer Organization released on February 4, 2021, about 13% of American women are at risk of developing breast cancer over their lifetime. Thus, it is anticipated that tea extracts will become more and more popular as a means of preventing these diseases in the years to come.

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The global tea extracts market segmentation:

By Source: Black Tea, Green Tea and Oolong Tea
By Form: Powder, Liquid
By Category: Organic, Conventional
By Application: Food, Beverages, Pharmaceuticals, Cosmetics and Others
Asia Pacific Tea Extracts Market

The Asia Pacific market is expected to increase in the global tea extracts market over the forecast period. It is projected to grow at a CAGR of 7.6% in the coming years. The region's essential players are integrated across the value chain. Over the next coming years, product growth is projected to be fueled by significant players in the Asia Pacific region and increasing disposable income, shifting consumer preferences toward ready-to-drink beverages, and growing disposable income. A significant portion of businesses is concentrating on adopting cutting-edge methods to create goods especially tailored for the end-use sectors, which is anticipated to propel the growth in product consumption during the foreseeable period.

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Key players’ profiles in the tea extracts market report are Finlay Tea Solutions UK Ltd., Akbar Brothers (Pvt) Ltd., Martin Bauer GmbH & Co KG, Tata Global Beverages Limited, Amax NutraSource Inc., Cymbio Pharma Pvt Ltd., Kemin Industries, Inc., AVT Natural Products Ltd., The Republic of Tea, Inc., and Nestle S.A.

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