As per the new market research report "Tea Extracts Market by Application, Category, Form, Type and Region — Global Forecast to 2025" published by MarketsandMarketsTM, the global Tea Extracts Market is estimated to be worth USD 2.5 billion in 2019 and is expected to reach a value of USD 3.8 billion by 2025, rising at a CAGR of 6.9 percent over the forecast period. Factors driving the growth of the global tea extract market are the practical use of food & beverage, the multi-functionalities of tea extracts, and consumer awareness among consumers of healthy foods.
The transition to a healthy lifestyle and consumer preference for organic beverages has guided the tea extract beverage market. Due to consumer expectations for natural flavors that provide the same taste and color, the use of synthetic flavors in beverages is rapidly decreasing. The North American region dominates the global market for tea extracts due to the high standard of living and rising customer disposable income.In addition, people are willing to invest in health-related products and services due to the increase in the number of cases of obesity and heart-related diseases in the country. Tea extracts are used in various food, beverage, and cosmetic applications due to their increased popularity.
The report includes a review of marketing and development strategies as well as the product portfolios of the leading tea extract market companies.