Dublin, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The "Tea Extracts Global Market Report 2024" has been added to ResearchAndMarkets.com's offering.
The report's findings highlight a robust growth trajectory for the tea extracts sector, projected to flourish significantly from 2023 to 2024 with an anticipated compound annual growth rate (CAGR) of 7%.
The study presents a granulated analysis of key market segments, including black, oolong, green, and other tea extracts, underscoring the diverse applications ranging from food and beverages to pharmaceuticals and cosmetics. The tea extracts market is underpinned by rising consumer awareness of health benefits, an increase in demand for functional beverages, and the robust presence of tea extracts in the non-alcoholic beverage segment. Such insights pave the way for stakeholders to understand the pivotal drivers and opportunities shaping the industry's future.
With a geographical lens, the report throws light on pivotal regions with North America leading the market in 2023 while anticipating Asia-Pacific to be the vanguard in terms of growth acceleration during the forecast period. This is attributed to various factors, including the surge in dietary supplement usage and substantial food and beverage expenditure, particularly in Asian economies.
Emerging trends such as new product innovations and strategic investments driving the tea extracts market forward are meticulously covered in the report. It tracks recent strategic moves by leading companies, such as investments in new extraction facilities and acquisitions designed to expand product portfolios and geographical reach.
Delving into the prospects of the tea extracts market, the report offers a strategic outlook for potential market entrants and existing players. It provides a nuanced understanding of the market's competitive landscape, highlighting key companies and their market roles. This includes an analysis of the market's structure, detailing the sales of prominent compounds like epicatechins and flavanols.
The strategic compilation of data serves as a vital tool for enterprises operating in or aiming to enter the tea extracts market, offering a factory gate perspective on values and revenues. With a forward-looking approach, this report equips the industry with necessary insights to navigate the evolving market parameters and harness the potential for growth and innovation.
For those interested in the recent market dynamics and future projections for the tea extracts industry, the new market analysis report will prove invaluable in navigating the competitive landscape and identifying emerging regional trends and opportunities.
The global insights derived from the report emphasize the compelling growth of the tea extracts market, laying the groundwork for informed decision-making and strategic planning for businesses seeking to capitalize on this growing sector.
Report Scope
- Markets Covered:
- By Type: Black Tea; Oolong Tea; Green Tea; Other Types
- By Nature: Organic; Conventional
- By Form: Powder; Liquid
- By Application: Food and Beverages; Pharmaceuticals; Cosmetics; Other Applications
- By Distribution Channel: Online; Offline
- Countries:
- Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions:
- Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series:
- Five years historic and ten years forecast.
- Data:
- Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations:
- Country and regional historic and forecast data, market share of competitors, market segments.
Companies Profiled:
- Taiyo International
- AVT Tea Sources
- DuPont de Nemours
- Futureceuticals Inc.
- Kemin Industries
- Synthite Industries Ltd.
- Archer Daniels Midland Co.
- Frutarom Ltd.
- Martin Bauer Group Ltd.
- Indena SPA
- Teawolf LLC
- Phyto Life Sciences Pvt. Ltd.
- Halssen & Lyon GmbH
- Harrisons Tea Ltd.
- Synergy Flavors Inc.
- FInlay Tea Solutions Ltd.
- Tata Global Beverages Ltd.
- Givaudan SA
- Dehe Bio-tech Co. Ltd.
- Hainan Qunli Co. Ltd.
- Sichuan Yujia Tea Co. Ltd.
- ADM WILD Europe
- Allen Flavors Inc.
- Amelia Bay Systems
- Damin Food Co. Ltd.
- Dohler GmbH
- Goodricke Group Limited
- Robertet Group SA
- ShanShan Tea Co. Ltd.
- Shenzhen Shenbao Huacheng Tech. Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/j7pk1q
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