Tea extracts are known for their diverse health benefits such as antioxidant properties, weight management, cardiovascular support, skin protection, and others. Tea extracts contain antioxidants like polyphenols and flavonoids that impart many health advantages. The increasing awareness about the health benefits of tea extracts among consumers is driving the growth of the global tea extracts market.
The global tea extracts market is estimated to be valued at US$ 17.41 Bn in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing awareness about the health benefits of tea extracts such as antioxidant properties, weight management, cardiovascular support, and skin protection is one of the key trends driving the growth of the global tea extracts market. Various health organizations and awareness campaigns are highlighting the diverse health advantages of consuming tea extracts. This is encouraging many consumers to include tea extracts in their daily diet and wellness routines. As a result, the demand for tea extracts is growing significantly across industries such as food and beverages, cosmetics, and pharmaceuticals where they are used as functional ingredients. The rising awareness about health benefits is expected to continue fueling the expansion of the tea extracts market over the forecast period.
Segment Analysis
The global tea extracts market is dominated by the green tea segment. Green tea has received increased prominence owing to its high antioxidants content from catechins such as EGCG. Green tea provides various health benefits including reduced risk of cardiovascular diseases, cancer, improved brain function and weight management. This has led to high demand for green tea extracts globally.
Key Takeaways
The global Tea Extracts Market Growth is expected to witness high growth. The global tea extracts market is estimated to be valued at US$ 17.41 Bn in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024 to 2031.
Asia Pacific region currently dominates the global tea extracts market. Countries like China, Japan and India are major producers and consumers of tea globally. Established markets in these countries and increasing health consciousness is driving the demand for tea extracts.
Key players related content comprises Key players operating in the tea extracts market are Apple Inc., Huawei Technologies Co. Ltd., MediaTek Inc., Qualcomm Technologies Inc., Samsung Electronics CO. LTD., Intel Corporation, STMicroelectronics N.V., Toshiba Corporation, NXP Semiconductors N.V., and Broadcom Inc. The global tea extracts market is fragmented in nature with these players accounting for major share. Companies are focusing on new product launches and innovations to cater to changing consumer preferences for different types of tea extracts.
For more insights, read- https://www.ukwebwire.com/tea-extracts-market-trends-size-and-share-analysis-2/
For more details on the report, Read- https://techaxen.com/glycerol-the-versatile-elixir-fueling-industries-and-nurturing-skincare-unveiling-the-liquid-golds-hidden-potentials/
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