Global Black Tea Extract Market – Industry Trends and Forecast to 2028
PUNE, MAHARASHTRA, INDIA, Sept. 6, 2022 /EINPresswire.com/ — The black tea extract market size is expected to grow at a compound annual rate of 5.65% during the forecast period 2021 to 2028. Rising acceptance and usage of the product is the factor responsible for the growth of the black tea extract market during the forecast period of 2021 to 2028.
Black tea is one of the most popular and widely consumed teas on the market. It is an extract from the leaves of the Camellia sinesis plant which additionally gets the powder form of black tea extract. Black tea is a very rich source of nutrients such as vitamin C, zinc, iron, calcium, among others.
Black Tea Extract Market Overview
This report contains comprehensive research with in-depth data and contemporary analysis of the Black Tea Extract market at global, regional and key country levels, covering different industry sub-segments.
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The PDF report and online dashboard will help you understand:
Historical data and forecasts
Business Revenue Sharing
Latest trends and dynamics
Amax Nutrasource Inc.
AVT Natural Products Ltd.
Blueberry Agro Products Pvt. ltd.
Cymbio Pharma Pvt. ltd.
Hayleys Global Drinks
Martin Bauer Group
Phyto Life Sciences P.Ltd.
Key points to remember
Geographically, Asia-Pacific held a dominant market share in 2022. This is due to the larger trend of production and consumption in Asian countries. China and India are the largest producers and consumers of black tea in the world according to the International Diabetes Federation (IDF). Additionally, the region is expected to provide lucrative growth opportunities for traders over the projected period of 2022-2028 owing to the rapid increase in production from Japan and other Asian regions, as well as growing awareness. benefits of black tea extracts.
Robust growth in end-use industries such as food and beverages, cosmetics, and even pharmaceuticals are some of the factors driving the black tea extract market. However, surging prices of black tea extract are among the factors hampering the growth of the market.
A detailed analysis of the strengths, weaknesses, opportunities and threats will be provided in the Black Tea Extract market report.
The regional analysis covers:
North America (USA and Canada)
Latin America (Mexico, Brazil, Peru, Chile and others)
Western Europe (Germany, UK, France, Spain, Italy, Nordics, Belgium, Netherlands and Luxembourg)
Eastern Europe (Poland and Russia)
Asia-Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa and North Africa)
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Global Black Tea Extract Market Scope and Market Size
The black tea extract market is segmented on the basis of form, type and application. Growth between segments helps you analyze growth niches and strategies to approach the market and determine your main application areas and the difference between 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).
Based on application, the black tea extract market has been segmented into beverages, functional foods, cosmetics and beauty supplements, dietary supplements, and others.
What are the challenges faced by the black tea extract industry?
The easy availability of cost-effective substitutes and the caffeine content of black tea extract can cause irregular heartbeats and sleep-related issues, which in turn is expected to hamper the growth of the black tea extract market in during the forecast period. Additionally, unstable raw material prices are expected to challenge the growth of the black tea extract market over the analysis period.
The black tea extract industry is largely affected by the presence of substitutes, namely herbal fusions and green tea extracts. Also, factors such as increasing number of advertisements and marketing of substitutes are expected to hamper the growth of the industry in the near future.
There is a large consumption of green tea in China, Japan and other Asian countries due to its medicinal value. Hence, the inclusion of green tea extracts in the nutraceuticals and functional foods industries is expected to restrain the market growth in the coming years.
A comprehensive background analysis, which includes an assessment of the parent market
Significant changes in market dynamics
Market segmentation down to the second or third level
Historical, current, and projected market size from a value and volume perspective
Report and assessment of recent industry developments
Market shares and strategies of the main players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations for companies to strengthen their presence in the market
Frequently Asked Questions on Global Black Tea Extract Market
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