Black tea is one amongst the most popular and highly consumed tea in the global market. Black tea is an extract from the leaves of the Camellia sinesis plant that further obtains the powder from the black tea extract. Black tea is taken to be the rich source of nutrients, including zinc, iron, vitamin C, and calcium. It imparts a dark red color to the drink that adds the characteristic to the beverage. It gives it a robust flavor. The black tea extracts contain high anti-allergic and anti-viral properties.
MARKET DYNAMICS
The increase in the consumption of beverage all across the globe drives the market for black tea extracts market. Besides this, the ability of black tea extracts to cure illness such as cancer, headaches and regulation of blood pressure also drives the market growth. However, mild or severe side effects caused by excessive consumption of black tea extracts restricts the fruitful development of the black tea extracts market. The wide scale application of black tea in cosmetics and food additives industries is expected to bolster well the demand for black tea extracts market in the near future.
MARKET SCOPE
The "Global Black Tea Extract Market Analysis to 2028" is a specialized and in-depth study of the Food and Beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the black tea extract market with detailed market segmentation by form, product type, application and geography. The global black tea extract market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading black tea extract market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global black tea extract market is segmented on the basis of form, product type and application. The black tea extract market on the basis of form is broken into liquid, encapsulated and powder. The market as per product type is bifurcated into hot water soluble extracts and cold water soluble extracts. As per application the market is broken into functional food, beverages, cosmetics, beauty supplements, dietary supplements and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global black tea extract market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The black tea extract market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the black tea extract market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the black tea extract market in these regions.
MARKET PLAYERS
The reports cover key developments in the black tea extract market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from black tea extract market are anticipated to lucrative growth opportunities in the future with the rising demand for black tea extract market in the global market. Below mentioned is the list of few companies engaged in the black tea extract market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the food binders. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Apex Flavors Inc.
- Archer Daniels Midland
- AVT Tea Services
- BlueBerry Agro Products Pvt. Ltd.
- Cymbio Pharma Pvt. Ltd.
- Finlays
- Harrisons Malayalam Limited
- Martin Bauer Group
- Phyto Life Sciences P. Ltd.
- Synthite Industries Private Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.