Black Tea Extracts Market Size
| 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 |
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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.
Black Tea Extracts Market Trends
This section covers the major market trends shaping the Black Tea Extracts Market according to our research experts:
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.
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.
Black Tea Extracts Industry Overview
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.
Black Tea Extracts Market Leaders
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Synthite Industries
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Martin Bauer Group
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James Finlay Limited
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Teawolf LLC.
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AVT Naturals
*Disclaimer: Major Players sorted in no particular order
Black Tea Extracts Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
- 3.1 Market Overview
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Force Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Form
- 5.1.1 Liquid
- 5.1.2 Encapsulated
- 5.1.3 Powder
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5.2 Type
- 5.2.1 Hot Water Soluble (HWS)
- 5.2.2 Cold Water Soluble (CWS)
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5.3 Application
- 5.3.1 Beverages
- 5.3.2 Functional Foods
- 5.3.3 Cosmetics and Beauty Supplements
- 5.3.4 Dietary Supplements
- 5.3.5 Others
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.1.4 Rest of North America
- 5.4.2 Europe
- 5.4.2.1 United Kingdom
- 5.4.2.2 Germany
- 5.4.2.3 France
- 5.4.2.4 Russia
- 5.4.2.5 Italy
- 5.4.2.6 Spain
- 5.4.2.7 Rest of Europe
- 5.4.3 Asia Pacific
- 5.4.3.1 India
- 5.4.3.2 China
- 5.4.3.3 Japan
- 5.4.3.4 Australia
- 5.4.3.5 Rest of Asia-Pacific
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle East & Africa
- 5.4.5.1 South Africa
- 5.4.5.2 Saudi Arabia
- 5.4.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Synthite Industries
- 6.3.2 Martin Bauer Group
- 6.3.3 James Finlay Limited
- 6.3.4 AVT Naturals
- 6.3.5 Phyto Life Sciences P. Ltd.
- 6.3.6 Amax NutraSource, Inc.
- 6.3.7 Teawolf LLC.
- 6.3.8 Cymbio Pharma Pvt. Ltd
- 6.3.9 Blueberry Agro Products Pvt Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Black Tea Extracts Industry Segmentation
Global Black Tea Extracts Market is segmented by form,type, and application. On the basis of form, the market is segmented intoliquid, encapsulated, and powder. On the basis of type, the market is segmented intoHot Water Soluble (HWS) and Cold Water Soluble (CWS). On the basis ofapplication, 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 extractsmarket 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 | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Russia | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia Pacific | India |
| China | ||
| Japan | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East & Africa | South Africa |
| Saudi Arabia | ||
| Rest of Middle East & Africa |
Black Tea Extracts Market Research FAQs
What is the current Black Tea Extracts Market size?
The Black Tea Extracts Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in Black Tea Extracts Market?
Synthite Industries, Martin Bauer Group, James Finlay Limited, Teawolf LLC. and AVT Naturals are the major companies operating in the Black Tea Extracts Market.
Which is the fastest growing region in Black Tea Extracts Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Black Tea Extracts Market?
In 2024, the North America accounts for the largest market share in Black Tea Extracts Market.
What years does this Black Tea Extracts Market cover?
The report covers the Black Tea Extracts Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Black Tea Extracts Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Black Tea Extracts Industry Report
Statistics for the 2024 Black Tea Extracts market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Black Tea Extracts analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
