Dublin, Aug. 27, 2020 (GLOBE NEWSWIRE) -- The "Black Tea Extracts Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
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.
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.
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.
Key Topics Covered:
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
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
5.1 Form
5.1.1 Liquid
5.1.2 Encapsulated
5.1.3 Powder
5.2 Type
5.2.1 Hot Water Soluble (HWS)
5.2.2 Cold Water Soluble (CWS)
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
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
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.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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