Green tea extracts offer a range of health benefits and therapeutic properties. They are rich in antioxidants, which help combat oxidative stress and reduce the risk of chronic diseases. Green tea extracts have been linked to improved brain function, weight management, cardiovascular health, and reduced inflammation. Additionally, they exhibit potential anti-cancer and anti-diabetic properties. Green tea extracts find applications in dietary supplements, functional foods, skincare products, and traditional medicine, harnessing their beneficial effects to promote overall well-being and address various health concerns.
According to Data Bridge Market Research, the Global Green Tea Extracts accounted for USD 2.9 billion in 2021 and are expected to reach a value of USD 5.10 billion by 2029. The market is expected to grow with a CAGR of 7.30% in the forecast period of 2022 to 2029.
“Increasing consumption of dietary supplements boosts the market’s growth”
The increasing consumption of dietary supplements drives the growth of the green tea extract market. Green tea extracts are popularly used as supplement ingredients due to their rich antioxidant content and potential health benefits. As consumers become more health-conscious and seek natural solutions for well-being, the demand for dietary supplements containing green tea extracts is on the rise. These extracts are believed to support weight management, improve cognitive function, boost metabolism, and provide various other health benefits, fueling the growth of the green tea extracts market.
What restraints the growth of the global green tea extracts market?
“Increase in the trend of coffee consumption restraints the market’s growth”
The increase in the trend of coffee consumption restrains the growth of the green tea extract market. As more individuals turn to coffee as their preferred beverage, the demand for alternative beverages like green tea may face challenges. Coffee's unique taste profile and perceived health benefits compete with green tea in the market. Additionally, coffee products often undergo extensive marketing and promotion, diverting attention from green tea. These factors can impact the growth of the green tea extracts market amidst the rising popularity of coffee consumption.
Segmentation: Global Green Tea Extracts Market
The global green tea extracts market is segmented on the basis of type, application, form, and category.
- On the basis of type, the green tea extracts market has been segmented into tea polyphenols, tea catechins, epigallocatechin gallate (EGCG), and caffeine.
- On the basis of application, the green tea extracts market has been segmented into food and beverages, RTD teas, functional foods, dietary supplements, and energy drinks.
- On the basis of form, the green tea extracts market has been segmented into liquid and powder.
- On the basis of category, the green tea extracts market has been segmented into conventional, organic.
Regional Insights: Asia-Pacific dominates the global green tea extracts market
The Asia Pacific green tea extracts market is expected to account for a significant revenue share of the target market due to the increasing production, sales, and consumption of tea in countries like China, Japan, and India. The region's market is driven by the recognition of tea's anti-aging and detoxifying properties, attracting consumers of all age groups and genders. Furthermore, the growth of the market is anticipated to be fueled by the expansion of tea retail outlets, providing more opportunities for tea consumption and contributing to overall market growth in the Asia Pacific region.
The North America market is expected to grow faster due to the increased demand and consumption of green tea in the region. The rising per capita tea consumption is a key factor driving market growth. Recognizing the health benefits of green tea and the growing consumer preference for natural and functional ingredients contribute to the expanding market. These factors collectively contribute to the positive growth outlook for the North America green tea extract market.
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Recent Developments
- In January, Archer Daniels Midland Company launched an innovation center at Singapore's Biopolis research hub. Spanning 8,900 square feet (825 square meters), the facility is dedicated to flavor, ingredient development, and product innovation.
- In June 2019, Givaudan inaugurated a flagship innovation centre in Switzerland. Covering 12,000 square meters, the workspace is focused on creating distinctive and sustainable solutions for flavor, taste, and fragrance across industries such as food and beverage, beauty, personal care, and home care.
- In June 2019, Kerry Group unveiled a new facility valued at USD 23.6 million (€20 million) in Tumkur, India. The facility's purpose is to expand and enhance the company's research and development efforts in the region.
The Prominent Key Players Operating in the Global Green Tea Extracts Market Include:
- Tata Consumer Product Limited (India)
- Unilever (U.K.)
- Associated British Foods plc (U.K.)
- Vahdam (India)
- Celestial Seasonings (U.S.)
- Bombay Burmah Trading Corporation Limited (India)
- Stash Tea (U.S.)
- Bigelow Tea (U.S.)
- Shangri-la Tea (U.S.)
- Yogi (U.S.)
- Republic of Tea (U.S.)
- Mighty Leaf Tea (Canada)
- Numi, Inc. P.B.C (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global green tea extracts market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Green Tea Extracts Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
