Tea Extracts Market Scenario
The key driver in the global tea extracts market are the rising awareness regarding the side effects of synthetic flavours and growing clean label trend across the world. Furthermore, growing demand for fortified and innovative beverages is also the major factor fuelling the market growth all around the world. However, availability of cost-effective substitutes is one of the major factor anticipated to hamper the global growth of the tea extracts market.
Tea Extracts Market Segmentation
The tea extracts market is segmented by Form, Source, Application and Geography. Various Forms of tea extracts are Liquid and Powder. Furthermore, the Source comprises of Black Tea, Green Tea, Oolong Tea and Others. Likewise, various Applications of tea extracts are Food, Beverages, Pharmaceuticals and Cosmetics. Based on Geography, the Tea extracts Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Tea Extracts Market by Geography
Geographically, the tea extracts market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. The tea extracts market is fragmented in the Asia Pacific region, with numerous developing and small-scale companies emerging generic tea extracts in the Chinese market.
Tea Extracts Market Key Players
Some of the major players operating in the global tea extracts market includes Dupont, Archer Daniels Midland Company, Kemin Industries, Inc, Givaudan, Synthite Industries Ltd., Finlays, Iff-Frutarom, Martin Bauer Group, A. Holliday & Company, Indena S.P.A, Futureceutical, Amax Nutrasource, Inc., Synergy, Cymbio Pharma Pvt. Ltd, Teawolf, Phyto Lifesciences Pvt. Ltd, Taiyo International, Avt Tea Services Limited, Haelssen & Lyon GmbH and Harrisons Tea. Major manufacturers are focusing on strengthening their presence in Asia Pacific owing to low manufacturing cost and availability of raw material.
Tea Extracts Market Report Key Benefits