According to a research report published by Spherical Insights & Consulting, the Global Black Tea Extract Market Size Expected to Grow from USD 138.7 Million in 2023 to USD 218.8 Million by 2033, at a CAGR of 4.66% during the forecast period 2023-2033.

Get a Sample PDF Brochure: https://www.sphericalinsights.com/request-sample/5386

Black tea extract typically refers to a concentration derived from the leaves of a black tea plant (Camellia sinensis). It is typically marked high in polyphenols, especially catechins and theaflavins, with antioxidant activity. Black tea extract has applications in several other industries, namely food, beverages, dietary supplements, and cosmetics with health benefits and flavoring agents. The growing demand in the black tea extract market is likely driven by the increasing scientific and public awareness about the health benefits of drinking tea. The demand for natural and organic ingredients is currently a significant trend in the market, which has led to the production of organic black tea extracts and cardiovascular diseases to health-conscious consumers. The quality and effectiveness of black tea extracts are improved with the modifications in extraction technologies, such as enzymatic and supercritical fluid extractions, which propel the market’s progress. Such solid growth is bringing black tea extracts closer to a better-looking future in the market. Black tea extract is going to see good market expansion primarily because consumers are increasingly becoming aware of the bad side of artificial flavors. However, the increase in production costs coupled with the change in the price of raw materials has proven to be a great variable that may severely limit the market’s ability to grow in revenue.

Browse key industry insights spread across 230 pages with 150 Market data tables and figures & charts from the report on the Global Black Tea Extract Market Size, Share, and COVID-19 Impact Analysis, By Product (Hot Water- Soluble, and Cold Water-Soluble), By Form (Powder, Liquid, and Encapsulated) By Application (Food & Beverages, Cosmetics, and Pharmaceuticals), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

Buy Now Full Report: https://www.sphericalinsights.com/checkout/5386

The hot water-soluble segment is expected to hold the largest share of the global black tea extract market during the projected timeframe.

Based on product, the global black tea extract market is classified into hot water-soluble and cold water-soluble. Among these, the hot water-soluble segment is expected to hold the largest share of the global black tea extract market during the projected timeframe. The growth is attributed to that of products made to dissolve in hot water; such low concentrations are like 0.35 to 0.45g in 100ml for hot water-soluble products. Products that solubilize in cold water contain quite different antioxidants from those extracted with hot water because extraction temperatures determine the antioxidant content. Generally, the product is sold in powdered form mixed with many flavors to be used in preparing beverages. The powdered form’s characteristics and features, such as ease of use and storage, have increased demand.

The powdered form segment is expected to grow at the fastest CAGR during the projected timeframe.   

Based on form, the global black tea extract market is classified into powder, liquid, and encapsulated. Among these, the powdered form segment is expected to grow at the fastest CAGR during the projected timeframe. The growth is driven because the cosmetics industry provides the formulation in powder form with its tendency towards the consumption of more organic and personal care products. The majority of instances of such types of beverages are the ready-to-drink, nutrient-rich alternatives, which are increasingly preferred by consumers. Dissolvable powdered extracts may be used in hot- or cold-water-soluble products for herbal purposes as they easily dissolve and produce differing antioxidant activity depending upon the temperature.   

The cosmetic industry segment is expected to grow at a rapid CAGR during the projected timeframe.      

Based on the application, the global black tea extract market is classified into food & beverages, cosmetics, and pharmaceuticals. Among these, the cosmetic industry segment is expected to grow at a rapid CAGR during the projected timeframe. The segmental growth is due to adding organic ingredients and the rising public awareness of the adverse effects of synthetic materials in cosmetics. The majority of applications derived from the product are expected to be found in perfumes during the forecast period, as compared to other personal care products. It is expected that demand from the cosmetics industry will drive growth.

Inquire Before Buying This Research Report: https://www.sphericalinsights.com/inquiry-before-buying/5386

Asia Pacific is projected to hold the largest share of the global black tea extract market over the forecast period.

Asia Pacific is projected to hold the largest share of the global black tea extract market over the forecast period. With the increasing trend in production and consumption in the region, it was expected that Asia Pacific might lead the market for black tea extract. Major driving forces will accompany the expanding product in the Asia Pacific region, such as the presence of key companies, growing disposable income, and changing consumer preferences toward ready-to-drink beverages.

North America is expected to grow at the fastest CAGR of the global black tea extract market during the forecast period. As for the application of the product in ready-to-drink beverages, cosmetic applications, and other beauty supplement industries, North America will be the most considerable importer. It has witnessed huge growth in demand for ready-to-drink beverages regarding nutrition-related advantages over other herbal drinks.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Major vendors in the global black tea extract market are Amax NutraSource, Inc., Kemin Industries, AVT Natural Products Ltd., Cymbio Pharma Pvt. Ltd., Phyto Life Sciences Pvt. Ltd., Blueberry Agro Products Pvt. Ltd., Synthite Industries Limited, Finlays, Martin Bauer Group, Kemin Industries, Cymbio Pharma Pvt. Ltd., Teawolf, Teawell, Teavigo, Teanin, Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In June 2022, Clipper Tea, a British-based Certified B-Corp tea brand dedicated to creating a better cup of tea, is providing the next generation of tea lovers with sought-after experiences and fashionable flavors.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global black tea extract market based on the below-mentioned segments:

Global Black Tea Extract Market, By Product

• Hot Water Soluble
• Cold Water Soluble

Global Black Tea Extract Market, By Form

• Powdered
• Liquid
• Encapsulated

Global Black Tea Extract Market, By Application

• Food & Beverages
• Cosmetics
• Pharmaceuticals

Global Black Tea Extract Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

CONTACT US:

For More Information on Your Target Market, Please Contact Us Below:    

Phone: +1 303 800 4326 (the U.S.)

Phone: +91 90289 24100 (APAC)

Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com

Contact Us: https://www.sphericalinsights.com/contact-us

Follow Us: LinkedIn | Facebook | Twitter