Black Tea Extracts Market Statistics
The global black tea extracts market is foreseen to exhibit growth at a CAGR of 4.7% and reach the USD150.3mn by 2027 as compared to its valuation of USD109.3 Mn in 2020.
Black tea extract is gaining traction due to various reasons such as rising adoption of herbal therapies and hosts of health benefits associated with it.
Skin Treatments to Boost the Sales of Black Tea Extract
With rising demand for personal care products, skin treatments and beauty treatments take up the priority. Black tea extract provides a range of benefits to skin such as fighting skin infections, blemishes, puffiness, etc., the polyphenols present in them are good for skin cell rejuvenation. Further, the catechins and flavonoids also help in fighting or keeping microbial infection at bay. The antioxidants in black tea also prevent early ageing of the skin.
Beauty brand such as Innisfree has toner such as Black Tea Youth Enhancing Skin which comes in a beautifully packed bottle, driving the global black tea extracts market.
Demand for Herbal or Alternate Medicine to Drive the Market
In the field of alternative therapies or herbal medicines, black tea plays a pivotal role due to the presence of phytochemicals with properties such as therapeutic applications and medicinal values. The host of biological compounds in black tea such as theaflavins, vitamins (A, C, K), flavonoids, phenolic acids (caffeic acid (CA), gallic acid (GA), lipids, proteins, and volatile compounds such as carbohydrates, fluoride, Beta-carotene that has the cholesterol-lowering properties. An array of health benefits such as the reduced risk of cancer, better gut health, low risk of strokes etc. are associated with black tea which may play a major role in driving the global black tea extract market.
However, there is still a lack of information and awareness about the black tea which may hinder the growth in the forecast period.
That said, black tea improves focus and alertness due to the presence of amino acid Known as L-theanine, thus may boost the growth opportunities for the global black tea extract market during the forecast period.
| Data Points | Market Insights |
| Market Value 2020 | US$ 109.3 million |
| Market Value 2027 | US$ 150.3million |
| Market Growth Rate 2020-2027 | 4.7% |
| Top Regional Market | Asia Pacific |
| Key Players | AVT Natural Products Ltd, Amax NutraSource Inc, Martin Bauer Group, Synthite Industries Limited, Finlay, Cymbio Pharma Pvt. Ltd, Kemin Industries |
| Segment- | Form Outlook (Dry, Liquid, Encapsulated) Product Outlook (Hot water soluble, cold water soluble) Application Outlook (Beverages, Cosmetics, Functional Food, Beauty Supplements) |
Demand for Healthy Beverage to Boost Powder Segment
Lately, food and beverage industry has been growing by leaps and bounds. With modern and fast paced lifestyle, instant food and drinks are gaining traction. Black tea is increasingly becoming a choice of many consumers and powder segment is expected to take up a larger share in the global black tea extracts market. Black tea powder can be instantly mixed with hot water or cold water depending on consumer preference, iced black tea is also increasingly becoming popular. The powder form come as pills or tinctures; this ease of availability is expected to drive this segment in the global black tea extract market during the forecast period.
The liquid form is brewed using dry leaves, retaining the aroma and flavour of the same along with taste. Encapsulated form of black tea is anticipated to register slow growth, however, it is often used in beauty products such as toners, face washes, face serums, etc. Therefore, the rising demand from the industry may pave the way for black tea extract market.
The global black tea extract market is further segmented on the basis of product type, which is further bifurcated into hot water soluble and cold water soluble. Out of these, hot water soluble is foretold to hold a dominant share in the global black tea extracts market. The growth of this segment can be accounted to its medicinal and herbal properties. When the black tea is mixed in hot waters, it turns oxidized and offers wide range of benefits anti-cancer effects, mood improver, improved metabolism. It is advisable to put these leaves in hot water even though the consumer wants it cold.
Cold water soluble is predicted to grow alongside due to its demand from the cold beverage drinkers, especially the young population who would like to replace soda and other aerated drink with cold black tea. It is also considered by people who are fitness conscious as it has less caffeine and no sugar.
In terms of applications, the global black tea extracts market is segmented into – functional food, beverages, cosmetics, and beauty supplements. However, the functional food segment is projected to witness an ample growth in the coming years. The credits of growth can be attributed to black tea serving as an alternative to regular tea or coffee. It also has several medicinal properties that acts as a shield against a lot of diseases. In the past two decades, extensive research on natural foods were carried out and due to the host of benefits, it is now globally being accepted as therapeutically alternative.
Consumer Preferences to Uphold Asia Pacific Market
On the basis of region, the global black tea extracts market is projected to be dominated by Asia Pacific. The factors contributing to growth of this region could primarily be due to presence of key manufactures, large consumption, and changing consumer preferences, such as shift towards ready to drink beverages. India is the largest producer of black tea in the region, which further may push the growth.
North America is expected to observe a substantial demand for black tea extract due to growing beauty and cosmetic industry and ready to drink beverages.
European market is anticipated to grow simultaneously due to increasing awareness about health benefits associated with the consumption of black tea. As far as European market is concerned, the black tea extract market is segmented into format and nature. In format, it is divided into loose powder, tea bags, and ready to drink. In terms of nature, the market is divided into conventional and organic.
Competitive Landscape
In March 20212, Martin Bauer, a global producer of teas and botanicals acquired a major stake in Power Brands, a global leader in production, development, marketing service, in Los Angeles, US. The aim of this acquisition is to provide end to end solution to beverage industry.
Following are some of the prominent players in the global black tea extract market-
- AVT Natural Products Ltd
- Amax NutraSource Inc
- Martin Bauer Group
- Synthite Industries Limited
- Finlay
- Cymbio Pharma Pvt. Ltd
- Kemin Industries
Form Outlook
- Liquid
- Encapsulated
- Powder
Product Outlook
- Hot Water Soluble
- Cold Water Soluble
Application Outlook
- Beverages
- Cosmetics
- Functional Food
- Beauty Supplements
Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Frequently Asked Questions
- What would be the growth rate of global black tea extract market?
The global black tea extract market is expected to exhibit a growth rate of 4.7% during the forecast period
- What are the factors that would drive the market in the coming years?
Range of health benefits and medicinal values associated with black tea would drive the market, such as anti-cancer properties
- What would be the forecast period of the global black tea extract market?
The forecast period for the global black tea extract market is 2020 to 2027
- Which form of black tea extract would thrive in the global black tea extract market?
Dry powder form is anticipated to drive the global black tea extract market
Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Black Tea Extracts Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Black Tea Extracts Market Analysis 2017-2021 and Forecast 2022-2032, By Form Outlook
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Form Outlook, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Form Outlook, 2022-2032
5.3.1. Liquid
5.3.2. Encapsulated
5.3.3. Powder
5.4. Y-o-Y Growth Trend Analysis By Form Outlook, 2017-2021
5.5. Absolute $ Opportunity Analysis By Form Outlook, 2022-2032
6. Global Black Tea Extracts Market Analysis 2017-2021 and Forecast 2022-2032, By Product Outlook
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Product Outlook, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Product Outlook, 2022-2032
6.3.1. Hot Water Soluble
6.3.2. Cold Water Soluble
6.4. Y-o-Y Growth Trend Analysis By Product Outlook, 2017-2021
6.5. Absolute $ Opportunity Analysis By Product Outlook, 2022-2032
7. Global Black Tea Extracts Market Analysis 2017-2021 and Forecast 2022-2032, By Application Outlook
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Application Outlook, 2017-2021
7.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Application Outlook, 2022-2032
7.3.1. Beverages
7.3.2. Cosmetics
7.3.3. Functional Food
7.3.4. Beauty Supplements
7.4. Y-o-Y Growth Trend Analysis By Application Outlook, 2017-2021
7.5. Absolute $ Opportunity Analysis By Application Outlook, 2022-2032
8. Global Black Tea Extracts Market Analysis 2017-2021 and Forecast 2022-2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021
8.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia
8.3.6. Oceania
8.3.7. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Black Tea Extracts Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Form Outlook
9.2.3. By Product Outlook
9.2.4. By Application Outlook
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Form Outlook
9.3.3. By Product Outlook
9.3.4. By Application Outlook
9.4. Key Takeaways
10. Latin America Black Tea Extracts Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Argentina
10.2.1.4. Chile
10.2.1.5. Peru
10.2.1.6. Rest of Latin America
10.2.2. By Form Outlook
10.2.3. By Product Outlook
10.2.4. By Application Outlook
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Form Outlook
10.3.3. By Product Outlook
10.3.4. By Application Outlook
10.4. Key Takeaways
11. Europe Black Tea Extracts Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. U.K.
11.2.1.5. Spain
11.2.1.6. Russia
11.2.1.7. BENELUX
11.2.1.8. Rest of Europe
11.2.2. By Form Outlook
11.2.3. By Product Outlook
11.2.4. By Application Outlook
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Form Outlook
11.3.3. By Product Outlook
11.3.4. By Application Outlook
11.4. Key Takeaways
12. East Asia Black Tea Extracts Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Form Outlook
12.2.3. By Product Outlook
12.2.4. By Application Outlook
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Form Outlook
12.3.3. By Product Outlook
12.3.4. By Application Outlook
12.4. Key Takeaways
13. South Asia Black Tea Extracts Market Analysis 2017-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Thailand
13.2.1.3. Malaysia
13.2.1.4. Indonesia
13.2.1.5. Rest of South Asia
13.2.2. By Form Outlook
13.2.3. By Product Outlook
13.2.4. By Application Outlook
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Form Outlook
13.3.3. By Product Outlook
13.3.4. By Application Outlook
13.4. Key Takeaways
14. Oceania Black Tea Extracts Market Analysis 2017-2021 and Forecast 2022-2032, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
14.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
14.2.1. By Country
14.2.1.1. Australia
14.2.1.2. New Zealand
14.2.2. By Form Outlook
14.2.3. By Product Outlook
14.2.4. By Application Outlook
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Form Outlook
14.3.3. By Product Outlook
14.3.4. By Application Outlook
14.4. Key Takeaways
15. MEA Black Tea Extracts Market Analysis 2017-2021 and Forecast 2022-2032, By Country
15.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
15.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
15.2.1. By Country
15.2.1.1. GCC
15.2.1.2. Rest of MEA
15.2.2. By Form Outlook
15.2.3. By Product Outlook
15.2.4. By Application Outlook
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Form Outlook
15.3.3. By Product Outlook
15.3.4. By Application Outlook
15.4. Key Takeaways
16. Key Countries Black Tea Extracts Market Analysis
16.1. U.S.
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2021
16.1.2.1. By Form Outlook
16.1.2.2. By Product Outlook
16.1.2.3. By Application Outlook
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2021
16.2.2.1. By Form Outlook
16.2.2.2. By Product Outlook
16.2.2.3. By Application Outlook
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2021
16.3.2.1. By Form Outlook
16.3.2.2. By Product Outlook
16.3.2.3. By Application Outlook
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2021
16.4.2.1. By Form Outlook
16.4.2.2. By Product Outlook
16.4.2.3. By Application Outlook
16.5. Argentina
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2021
16.5.2.1. By Form Outlook
16.5.2.2. By Product Outlook
16.5.2.3. By Application Outlook
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Form Outlook
17.3.3. By Product Outlook
17.3.4. By Application Outlook
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. AVT Natural Products Ltd
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Amax NutraSource, Inc
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Martin Bauer Group
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Synthite Industries Limited
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. Finlay
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Cymbio Pharma Pvt. Ltd
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Kemin Industries
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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