The Black tea extract market size is expected to grow at a compound annual rate of 5.65% in the forecast period 2021 to 2028. The rise in the product acceptance and usage is the factor responsible for the growth of black tea extract market in the forecast period of 2021 to 2028.
Black tea is amongst the most popular and highly consumed tea in the market. It is an extract from the leaves of Camellia sinesis plant which further gets the powder form of black tea extract. Black tea is highly rich source of nutrients such as vitamin C, zinc, iron, calcium among others.
The major growing factor towards black tea extract market is the rise in awareness regarding the side effects of synthetic flavors. Furthermore, the rise in the demand for herbal dietary supplements and increase in the demand for fortified and innovative beverages are also expected to heighten the overall demand for black tea extract market over the forecast period of 2021 to 2028.
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Global Black Tea Extract Market Scope and Market Size
- Black tea extract market is segmented on the basis of form, type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The form segment of the black tea extract market has been segmented into powder, liquid, and encapsulated.
- On the basis of type, the black tea extract market has been segmented into hot water soluble (HWS) and cold water soluble (CWS).
Black Tea Extract Market Country Level Analysis
The countries covered in the black tea extract market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America leads the black tea extract market due to the high consumption of the caffeine and its related products Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the rise in the health awareness along with increase in per-capita disposable income.
Competitive Landscape and Black Tea Extract Market Share Analysis
The major players covered in the black tea extract report are:
Synthite Industries Ltd., Martin Bauer Group, Tata Consumer Products, Cymbio Pharma Pvt Ltd, Kemin Industries, Inc., AVT, Nestlé, haldin, Phyto Life Sciences P. Ltd., Vidya Herbs Pvt Ltd., FIRSD TEA, Associated British Foods plc, Finlays, BLUEBERRY AGRO, ADM, Apex Flavors, Harrisons Malayalam LTD., HÄLSSEN & LYON, Taiyo International, Indena S.p.A., and Dupont among other domestic and global players.
Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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