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A substantial rise in tea usage and rise in awareness about health among consumers is the key factor boosting the market.

VANCOUVER, BC, CANADA, August 4, 2022 /EINPresswire.com/ -- According to a recent report by Emergen Research, the market for tea extracts is anticipated to grow to a value of USD 3.89 billion by the year 2027. Some of the major market drivers include consumer health consciousness, the affordability of tea compared to alternatives, and an increase in the use of soft drinks. The market has benefited greatly from the recent noticeable increase in tea consumption.

Over the past few years, the market for tea extracts has experienced significant growth due to the revitalising properties of tea extracts that operate as an instant energy booster. Additional market drivers include the advantages of weight loss and stress reduction provided by the compounds in tea extracts.

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The market for tea extracts is anticipated to remain competitive and highly fragmented, with a significant number of small start-ups, medium-sized businesses, and substantial conglomerates. High product variety and rising demand for technological developments give new players excellent growth possibilities.

The Tea Extracts research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on a detailed analysis of the technological and product developments undertaken by these companies.

Key players in the tea extracts market include

Teawolf,

AVT Tea Sources Ltd,

Frutarom,

Givaudan,

Finlays, and

Taiyo International

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Key Highlights from the Report

A new innovation hub for Givaudan opened in Switzerland in June 2019. There are 12,000 square kilometres of workplace.

The taste of oolong tea is significantly influenced by the oxidation level, which ranges from 8% to 85% in the leaves. Some Oolong tea leaves, like Se Chung, have a fruity flavour and a honey scent.

Green tea shares a Chinese origin with oolong tea. The plant is grown not only in China but also in India. Green tea has an organic flavour that makes it taste similar to veggies.

Due to the region's strong consumption of premium tea extracts, North America is predicted to dominate the global market for tea extracts.

On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.

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Emergen Research has segmented the tea extracts market based on form, distribution channel, application, nature, type, and region:

Form Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017–2027)

Liquid

Powder

Encapsulated

Distribution Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017–2027)

Supermarkets

Online Retailers

Convenience Stores

Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017–2027)

Food & Beverage

Cosmetics

Pharmaceuticals

Others

Nature Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017–2027)

Conventional

Organic

Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017–2027)

Black Tea

Green Tea

Oolong Tea

Others

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The report addresses the following key points:

The report estimates the expected market size from 2020-2027

The report provides a forecast of market drivers, restraints, and future opportunities for the Tea Extracts market

The report further analyses the changing market dynamics

Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth

Extensive competitive landscape mapping with profiles of the key competitors

In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies

Revenue forecast, country scope, application insights, and product insights

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Emergen Research
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