Tea Extracts Market Dynamics Analysis 2024

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Tea Extracts Market Size to Cross 7 Bn by 2030
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Overview of Tea Extracts Market

• The tea extracts market will grow with a 5.2
  CAGR from 2023 to 2032.
• The increasing consumer preference for natural
  and healthy beverages will fuel the business of
  tea extracts due to their perceived health
  benefits. Additionally, the growing awareness of
  the antioxidant properties, potential weight
  management benefits, and stress-relief qualities
  of tea extracts will drive the industry's growth.
• The shift in trend towards specialty and
  functional teas, including green tea and herbal
  infusions will contribute to market expansion.
  Moreover, innovative product formulations and
  packaging, as well as the rising popularity of
  ready-to-drink tea products, alongside increased
  global tea production and exports will further
  expand the industry.

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• The black tea extracts market will reflect a
  noteworthy CAGR during the analysis period,
  driven by rising consumer demand for premium
  quality extracts and expansion in regions with
  strong tea culture. Development of unique flavor
  profiles and broadening application scope for
  black tea extracts will further foster growth in
  the segment.
• Based on form, the powdered segment will reflect
  a substantial CAGR through 2032. The convenience
  of powdered tea for instant beverage preparation
  and its suitability for various applications in
  food and beverages will drive growth in the
  segment.
• The dietary supplements application segment will
  record commendable growth through 2023, driven by
  factors such as increasing consumer interest in
  natural and health-focused supplements. The
  well-established health benefits of tea extracts
  and escalating demand for products that enhance
  overall well-being will drive growth in the
  segment.

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• Europe tea extract industry will grow with a
  robust CAGR during the analysis period. The
  increasing consumer preference for natural and
  healthy beverages and a growing interest in
  specialty and functional teas will augment
  growth. The rising popularity of tea extracts in
  various food and beverage applications will also
  drive expansion in the regional industry.
• Notable participants in the tea extracts market
  include ADM, Finlays, Martin Bauer Group, Grameen
  Herbal, Blueberry Agro Products Pvt Ltd, AVT
  Natural Products Ltd, Kemin Industries, Inc,
  Indena S.p.A, Synthite Industries Ltd, Harrisons
  Malayalam Ltd, Cymbio Pharma Pvt. Ltd, Shaanxi
  Sciphar Hi-Tech Industry Co., Ltd and others

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