Global black tea extracts demand is anticipated to be valued at US$ 137.5 million in 2023, forecast to grow at a CAGR of 4.7% to be valued at US$ 217.6 million from 2023 to 2033. Growth is attributed to the rise in awareness regarding the side effects of synthetic flavors.
Black tea is the world’s most popular tea. Black tea extract has high levels of vitamin C, zinc, iron, magnesium, copper, manganese, potassium, fluoride, and calcium. Black tea extract has more antioxidants than green tea and is anti-allergenic, antiviral, and antispasmodic. Black tea extract is made from powdered leaves of black tea.
These leaves come from a plant called Camellia sinesis. Camellia sinensis is the plant from which green tea, oolong, white tea and other forms of tea is derived. Black tea is processed in a different way than green tea.
Green tea comes from ripe, fresh leaves, while black tea is derived from the oxidization of the leaves from the sun gives them their black color, the oxidization process. Black tea extracts consist of various health benefits, and it has also less astringent and had a mellower flavor than other teas.
Black tea leaves are rolled and crushed, then allowed to ferment fully. This imparts the dark color and rich characteristic flavor of black tea that ranges from delicate to robust.
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The Benefits of black tea are equal to green tea in terms of antioxidant capacities because black tea consists of the aflavins as green tea consist of catechins in the same antioxidant potency.
Black Tea Extracts Market Segmentation
Black Tea Extracts market can be segmented on the basis of form, product type and applications. Based on forms, Black Tea Extracts is segmented into liquid, encapsulated and powder. Most of the powder extracts are spray dried.
Based on application, black tea extracts are segmented into functional food, beverages, cosmetics, beauty supplements, dietary supplement & herbal/natural medicine. Black tea extract helps in adjusting blood lipid extraordinarily, blood serum cholesterol, and fights against atheroma hardening, improves blood consistency.
On the basis of product type it is segmented as hot water soluble and cold water soluble extracts.
Black tea may not get have all the benefits that green tea does, but they do come from the same plant and have many of the same properties. Each also has unique properties as a result of processing, which is why it is best when both are used in combination.
Green tea can provide powerful antioxidants that black tea cannot, and black tea can fight inflammation with even more efficacy than green tea.
Black Tea Extracts Market Trends and Market Drivers:
Black Tea Extracts market is expected to witness sustained growth over the forecast period. Growth of Black Tea Extracts market is driven by its wide applications in the cosmetics and food additives industry.
Other factors attributable to the high growth include rising health conscious consumers, increasing purchasing power, rise in per capita health expenditure. Presence of natural ingredients in Black Tea Extracts coupled with growing awareness regarding its health benefits contributes significantly to its volume growth over the forecast period.
Regional Outlook of Black Tea Extracts Market:
On the basis of geographical market segment, it is segmented into seven different regions: North America, Latin America, and Eastern Europe, Western Europe, and Asia-Pacific region, Japan and Middle East and Africa. In regional segments, North America is projected to hold a relatively high share in terms of market value. Asia Pacific and Europe are expected to witness relatively high growth in the black tea extracts market owing to the rising health consciousness and increasing disposable income in the region.
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Black Tea Extracts Market Key Players:
Some of the key players in the Black Tea Extracts market include Finlays, Synthite, Martin Bauer Group, Autocrat LLC, AVT Natural, Phyto Life Sciences P. Ltd, Amax NutraSource, Inc, Teawolf, Cymbio Pharma Pvt. Ltd, Tea&Coffee – Haldin and Blueberry Agro Products Pvt Ltd.
Key Segments Profiled in the Black Tea Extracts Industry Survey
Black Tea Extracts Market by Form:
- Liquid Black Tea Extracts
- Encapsulated Black Tea Extracts
- Powder Black Tea Extracts
Black Tea Extracts Market by Application:
- Black Tea Extracts as Functional Food
- Black Tea Extracts as Beverages
- Black Tea Extracts as Cosmetics
- Black Tea Extracts as Beauty Supplements
- Black Tea Extracts as Dietary Supplements
- Black Tea Extracts as Herbal/Natural Medicine
Black Tea Extracts Market by Product Type:
- Hot Water Soluble Black Tea Extracts
- Cold Water Soluble Black Tea Extracts
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance
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