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The global black tea extract market is expected to grow from USD 108.65 million in 2019 to USD 158.1 million by 2027, at a CAGR of 4.8% during the forecast period 2020-2027.
Black tea is the oxidised tea extracted from leaves of Camellia Sinensis plant. Black tea is a good source of nutrients such as iron, zinc, calcium, and vitamin C. It has significant antioxidant properties that help in preventing allergies and viral infections. The health benefits offered by it helps in the treatment of diseases such as headache, cancer, etc.
The rising income levels and increasing awareness of consumers towards health is expected to drive market growth. It is increasingly used as a substitute to highly carbonated drinks and can also be used as a ready-to-drink beverage. The surging demand for sustainable harvesting processes with bioactive ingredients will fuel the growth of the market. The varied health benefits of black tea have increased its consumption over other types of tea. The excessive consumption of black tea can cause sleep-related problems, irregular heartbeat, and other issues restraining the growth of the market.
This study delivers a comprehensive analysis of types of product, form, application, and regions. On the basis of the product, the market can be divided into cold water soluble and hot water soluble tea. The cold water soluble extract is anticipated to portray the highest growth rate during the forecast period. The existing high demand for ready-to-drink cold beverages and increasing awareness towards health issues is expected to shift demand from sodas and carbonated drinks towards black tea cold beverage. Its application is also growing in the bakery industry for the manufacturing of chocolates, cookies, premixes, etc. On the basis of form, the market can be divided into liquid, powder, and encapsulated. Powder extracts are expected to portray the highest growth rate during the forecast period. The rising utilisation of powder extracts in the manufacturing of cosmetics due to shifting consumer preferences towards organic products is expected to drive market growth. With the growth of the ready-to-drink beverages market, powdered extracts are preferable and can also be utilised in either cold water or hot water beverages. On the basis of application, the market can be divided into beverages, beauty supplements, functional food, and cosmetics. The cosmetics sector is expected to witness the highest growth rate during the forecast period due to rising demand for organic beauty products and a shift towards green consumption. The product is also widely used in the production of perfumes.
The market for black tea extract has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America is expected to dominate the market during the forecast period. The significant demand for ready-to-drink beverages and changing preferences of consumers towards organic and healthy substitutes are the major drivers for market growth. Asia-Pacific region is expected to witness the highest growth rate during the forecast period.
The leading players of the market include Associated British Foods, Synthite Industries Limited, Finlay, Martin Bauer Group, Akbar Brothers Ltd, Tata Global Beverages, Cymbio Pharma Pvt. Ltd., Amax NutraSource Inc, Kemin Industries, The Republic of Tea, AVT Natural Products Ltd., and Nestlé S.A. The main strategies adopted by players include technological advancements, superior performance, high quality, and cost reduction. The companies are also focusing on high yields with large-scale investments in efficient extraction technologies.
Global Black Tea Extract Market Analysis and Forecast, By Product
Global Black Tea Extract Market Analysis and Forecast, By Form
Global Black Tea Extract Market Analysis and Forecast, By Application
Global Black Tea Extract Market Analysis and Forecast, By Regional Analysis
Report Description:
The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product
4.3.2. Market Attractiveness Analysis By Form
4.3.3. Market Attractiveness Analysis By Application
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.3. Restrains
5.4. Opportunities
5.5. Challenges
6. Global Black Tea Extract Market Analysis and Forecast, By Product
6.1. Segment Overview
6.2. Powder
6.3. Liquid
6.4. Encapsulated
7. Global Black Tea Extract Market Analysis and Forecast, By Form
7.1. Segment Overview
7.2. Hot Water Soluble
7.3. Cold Water Soluble
8. Global Black Tea Extract Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Functional Food
8.3. Beverages
8.4. Cosmetics
8.5. Beauty Supplements
9. Global Black Tea Extract Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Black Tea Extract Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Black Tea Extract Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Associated British Foods
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Synthite Industries Limited
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Finlay
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Martin Bauer Group
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Akbar Brothers Ltd,
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Tata Global Beverages
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Cymbio Pharma Pvt. Ltd
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Amax NutraSource Inc
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Kemin Industries
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. The Republic of Tea,
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. AVT Natural Products Ltd
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Nestlé S.A
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
List of Table
1. Global Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
2. Global Powder Market, By Region, 2017–2027(USD Million) (Tons)
3. Global Liquid Market, By Region, 2017–2027(USD Million) (Tons)
4. Global Encapsulated Market, By Region, 2017–2027(USD Million) (Tons)
5. Global Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
6. Global Hot Water-Soluble Black Tea Extract Market, By Region, 2017–2027(USD Million) (Tons)
7. Global Cold Water-Soluble Black Tea Extract Market, By Region, 2017–2027(USD Million) (Tons)
8. Global Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
9. Global Functional Food Black Tea Extract Market, By Region, 2017–2027(USD Million) (Tons)
10. Global Beverages Black Tea Extract Market, By Region, 2017–2027(USD Million) (Tons)
11. Global Cosmetics Black Tea Extract Market, By Region, 2017–2027(USD Million) (Tons)
12. Global Beauty Supplements Black Tea Extract Market, By Region, 2017–2027(USD Million) (Tons)
13. Global Black Tea Extract Market, By Region, 2017–2027(USD Million) (Tons)
14. Global Black Tea Extract Market, By North America, 2017–2027(USD Million) (Tons)
15. North America Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
16. North America Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
17. North America Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
18. U.S. Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
19. U.S. Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
20. U.S. Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
21. Canada Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
22. Canada Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
23. Canada Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
24. Mexico Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
25. Mexico Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
26. Mexico Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
27. Europe Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
28. Europe Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
29. Europe Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
30. Germany Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
31. Germany Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
32. Germany Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
33. France Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
34. France Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
35. France Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
36. U.K. Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
37. U.K. Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
38. U.K. Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
39. Italy Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
40. Italy Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
41. Italy Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
42. Spain Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
43. Spain Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
44. Spain Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
45. Asia Pacific Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
46. Asia Pacific Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
47. Asia Pacific Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
48. Japan Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
49. Japan Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
50. Japan Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
51. China Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
52. China Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
53. China Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
54. India Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
55. India Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
56. India Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
57. South America Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
58. South America Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
59. South America Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
60. Brazil Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
61. Brazil Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
62. Brazil Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
63. Middle East and Africa Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
64. Middle East and Africa Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
65. Middle East and Africa Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
66. UAE Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
67. UAE Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
68. UAE Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
69. South Africa Black Tea Extract Market, By Product, 2017–2027(USD Million) (Tons)
70. South Africa Black Tea Extract Market, By Form, 2017–2027(USD Million) (Tons)
71. South Africa Black Tea Extract Market, By Application, 2017–2027(USD Million) (Tons)
List of Figures
1. Global Black Tea Extract Market Segmentation
2. Black Tea Extract Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Black Tea Extract Market Attractiveness Analysis By Product
9. Global Black Tea Extract Market Attractiveness Analysis By Form
10. Global Black Tea Extract Market Attractiveness Analysis By Application
11. Global Black Tea Extract Market Attractiveness Analysis By Region
12. Global Black Tea Extract Market: Dynamics
13. Global Black Tea Extract Market Share By Product (2019 & 2027)
14. Global Black Tea Extract Market Share By Form (2019 & 2027)
15. Global Black Tea Extract Market Share By Application (2019 & 2027)
16. Global Black Tea Extract Market Share by Regions (2019 & 2027)
17. Global Black Tea Extract Market Share by Company (2019)
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Hi John,
Thanks for the report. We've been going through it and see some good data on the market and players. –
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