The global black tea extracts market will witness growth at a CAGR of 4.7% and is estimated to reach USD150.3mn by 2027.
The market growth is propelled by the increasing demand for natural therapies, growing health concerns, and rising consumer preference for natural products.
ResearchMoz puts forth a detailed report on the dynamics of the black tea extracts market covering all the aspects such as market size, growth factors, restraints, challenges, threats, and opportunities.
Personal Care Products to Drive the Black Tea Extracts Market
Lately, Black Tea is acclaimed worldwide for its antioxidant properties and has been used to treat a wide range of skin ailments from acne to psoriasis. Apart from this, it is also used in a variety of beauty products ranging from hair care products to lip balms, driving the growth of this market over the forecast period.
Healing Effects to Boosts Sales of Black Tea Extracts
Black Tea is a rich source of many essential nutrients, vitamins, and minerals. The presence of antioxidants in black tea has also been known to slow down ageing and reduce the risk of several diseases. Recent research studies have shown promising results regarding black tea’s health benefits. These benefits include improving brain function, decreasing cholesterol levels, alleviating headaches and migraines.
Black tea extracts are gaining popularity for their antioxidant properties, which helps in various ways such as improving skin and immunity and increasing growth opportunities.
Black Tea is versatile to the extent that it can be mixed with either hot or cold water, depending on the preferences. It has a lot of medicinal properties, resulting in the growing demand for the same.
Fitness enthusiasts prefer black tea because it improves metabolism because of its anti-oxidant properties. Further, since there is no caffeine in this, there is growing adoption of black tea among fitness freaks and health consciousness.
The global black tea market will be dominated by the Asia Pacific, the growth would primarily be due to changing consumer preferences, personal care awareness, and the presence of key players in the market. India tops the list of black tea producers across the globe, thus making the region thrive during the forecast period.
Researchmoz shares a detailed analysis of the competitive edge of the global black tea market covering the strategies being adopted by several players in the market. This report would help new entrants and existing companies to make informed decisions in order to thrive in this space.
Many companies are involved in product innovation and development and some of these players include-
- Martin Bauer Group
- Synthite Industries Limited
- Cymbio Pharma Pvt. Ltd
- Kemin Industries
- AVT Natural Products Ltd
- Amax NutraSource, Inc
A detailed report of the black tea market is available with ResearchMoz which includes market size, opportunities, threats, etc. The research is based on a thorough market analysis, facts, and figures. This helps the stakeholders to know how the market would perform in the coming years and also helps in taking the right decisions at the right times.
Here are some of the key takeaways from the report.
- The black Tea market would witness growth at a CAGR of 4.7% between 2020 to 2027.
- The rising demand for personal care products, especially skincare products as it is a boon for a host of skin diseases and dermatitis conditions.
- The young population is considering black tea in the place of aerated drinks, resulting in growth opportunities for the black tea market.
- The Asia Pacific would hold the largest share as India is the largest producer of black tea.
- The manufacturing companies are focusing on product development and innovations, further enabling the growth potential of this market.
- Hot Water Soluble
- Cold Water Soluble
- Functional Food
- Beauty Supplements
- South Korea