BLACK TEA EXTRACTS MARKET

 

Market Overview:

                During the forecast period, the market for black tea extracts worldwide is anticipated to expand at a CAGR of 4.5%. (2019-2024).
Vitamin C, zinc, iron, magnesium, copper, manganese, potassium, fluoride, and calcium are all abundant in black tea extract. Black tea extract is anti-allergic, anti-viral, and anti-spasmodic and contains more antioxidants than green tea.
The market size for black tea extract has been positively impacted by rising demand for herbal medications. Over the projection period, consumption of functional foods containing herbal components is expected to increase significantly.

Key Market Trends:

         The market for black tea extract is expected to develop due to rising consumer awareness of nutritional enrichment and calorie reduction, particularly in the Asia-Pacific and North American regions. In addition, growing consumer awareness of their own health is driving growth in the market category for functional foods. Additionally, growth is anticipated during the projection period due to the increased demand for functional foods in Europe and North America.

         Due to the increasing production and consumption trend seen in the region, Asia Pacific is anticipated to play a significant role in the black tea extracts market. The region's important players are integrated across the value chain. Over the projection period, the presence of key players in Asia Pacific, along with rising disposable income and shifting consumer preferences toward ready-to-drink beverages, is projected to fuel product growth. It is projected that North America will import more black tea than any other region.

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