Tea extract is a concentrated form of the many beneficial compounds found in tea. It is made by steeping tea leaves in water and then straining off the resulting fluid. As a result, tea extract contains a higher concentration of antioxidants, vitamins, minerals, and other potentially beneficial compounds. Tea extract is often used to make dietary supplements or as a flavoring ingredient in many foods, beverages, and cosmetics.
Globally, tea is one of the most popular beverages, with black tea being the most consumed. It is traditionally consumed as a hot beverage in many cultures, but is also brewed cold or served as ice tea. Tea extract is most commonly used in countries such as India, China, and Japan, where it has been used for centuries as a part of traditional medicine and culinary practices. In more recent times, it has become increasingly popular in the western world as well, and is used to make dietary supplements or to flavor products like energy drinks or baked goods.
The global Tea Extract market was valued at US$ 11030 million in 2022 and is anticipated to reach US$ 15070 million by 2029, witnessing a CAGR of 4.5% during the forecast period 2023-2029. The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Tea Extract Market available at: https://www.themarketreports.com/report/global-tea-extract-market-research-report
This report aims to provide a comprehensive presentation of the global market for Tea Extract, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Tea Extract.
Finlays is the largest player with the percentage of 27% market share. The following is Taiyo Green Power, accounting for 4% market share.
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