Black Tea Extract Market size may
grow significantly over the forecast timeframe. Strong application scope in
food additives and cosmetic industry may drive product demand. It contains
compounds, theaflavins such as EGCG which reduces inflammation and fight
against free radicals. It contains about 2% to 4% caffeine.
Global tea market was valued at
over USD 40 billion in 2015 and may reach up to USD 50 billion by 2024,
registering over 3% growth. The total production over 5 million tons and consumption
was over 4.5 million tons in 2015 and this may increase steadily owing to
strong consumer demands for flavored tea and low cost compared to other
beverages.
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Strong application scope in food
additives industry may favor black tea extract market size. Global food
additives market was valued at over USD 30 billion in 2015 and may exceed USD
45 billion in sales by 2024, with gains at over 3.5%. U.S. accounted for over
80% consumption which reduces C-reactive protein growth in the body,
alleviating cardiovascular diseases.
Global cosmetics market may
surpass USD 675 billion by 2024 at gains over 6.5%. Asia Pacific accounted for
over 35% of the total market share in 2015 due to the changing lifestyles and
increase in beauty consciousness among the consumers. Black tea extract gel
reduces skin redness after the exposure to UV light. In addition, it minimizes
skin cancer probability on account of its antioxidant properties. Black tea
extract is used to enhance skin health and reduces visible symptoms of aging. The theaflavins reduces inflammation and
soothes skin. In addition, it increases
hair thickness by decreasing dihydrotestosterone, thereby reducing hair loss
due to caffeine content.
Increasing herbal medicines
demand may positive influence black tea extract market size. Functional food
with herbal ingredients are witnessing a significant consumption growth over
the forecast timeframe. Black tea extract serves as an herbal medicine, as it
significantly minimizes the risk of oral cancer for those who intake tobacco
products or smokes cigarettes. It also prevents cancer by hindering malignant
tumors growth. Tannins present can fight viruses such as dysentery, influenza,
cold, flu and hepatitis. Catechin, a form of tannin helps in suppressing tumors.
Alkylamine antigens helps in increasing the immune response.
Global dietary supplements market
size was over USD 120 billion in 2015. Increasing consumer awareness towards
nutritional enrichment and calorie reduction mainly in China, Italy, and the U.S.
should drive industry growth in food & beverage sector and favor black tea
extract market growth. Positive outlook
towards sports nutrition on account of increase in active lifestyle should
promote dietary supplements consumption. Black tea extract is consumed for
weight loss supplements as it is cost-effective.
Black tea extract can be used as
pills including powder, or as tinctures mixed with water and alcohol. Powder
form is mainly used in Japan and may show significant growth. These are used in
flavoring dishes like soups and desserts. Liquid form is achieved by fermenting
dry leaves by a solvent processing, ensuring product safety and quality.
North America, led by the U.S.
black tea extract market size, is likely to hold a comparatively high share in
terms of market value owing to higher product consumption. U.S. imported over
120 kilo tons of tea in 2015.
Asia Pacific, driven by India and
China black tea extract market size, may register gains owing to increase in
health awareness along with rise in per-capita disposable income, thereby
influencing regional growth. China and India accounted for over 85% of the
total tea produced in 2015.
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Black tea is majorly produced in
Kenya and accounted for over 25% of the total export in 2015. Kenya exports its
product in UK, Egypt, and Pakistan. Favorable trend in packaging and marketing
initiatives should drive regional growth. Most of the manufacturing companies
are vertical integrated across the value chain, thereby enhancing the
production process.
Global black tea extract market
share is competitive. Key players operating in black tea extract industry
include Kemin, AVT Natural, Synthite, Martin Bauer Group, and Finlays. Other
prominent companies include Phyto Life Sciences, Autocrat LLC, Cymbio Pharma,
Blueberry Agro Products, Amax and NutraSource.
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