Tea is one of the most popular drinks in the world and can be extracted from the leaves of the camellia. The tea extract contains bioactive ingredients, including aflavin, epigallocatechin (EGCG), polyphenols and caffeine, the main ingredient of which is caffeine. The increasing prevalence of chronic diseases and increased health awareness are likely to contribute to the growth of the green tea extract market during the forecast period. The shift from focus to the use of natural ingredients is leading to a global market for green tea extracts. Green tea extract is widely used in the prevention of neurodegenerative diseases, such as Alzheimer’s and Parkinson’s, as well as in the treatment of diseases such as cancer and diabetes.
In December, 2020, Layn Natural Ingredient (Layn) announced about expanding its botanical extract portfolio through the acquisition of Chengdu Wagott Bio-tech (Wagott), China’s largest manufacturer of tea and resveratrol extracts and exporter of green tea extracts. Currently, Lane offers ingredients and formulation advice on the world’s leading food, beverage, flavor, nutritional, personal care and pet food brands.
The global tea extracts market is divided based on type, form, nature, application, and regions. By type, the global market is segmented into oolong tea, green tea, black tea, and others. On the basis of form, it is divided into powder or liquid. Further, by nature, the global tea extract market is classified into organic and conventional. The global market for tea extracts is also bifurcated into cosmetics, food & beverages, ready to drink beverages, dietary supplements, pharmaceuticals, and others.
Significant growth in Asia and the Pacific is expected to appear due to the growth of the geriatric population and consumer health awareness. In addition, the region is the largest producer and supplier of tea extracts in contrast to other regional markets such as Europe and United States. North America is poised to have the significant share due to escalating demand for tea extracts from the United States. With obesity and heart attacks on the rise, consumers are turning to antioxidants and anti-inflammatory foods and drinks. Botanical extracts are increasingly used by the US consumers in their daily diets to reap many health benefits and lead a healthy lifestyle.
The global leaders contributing in the tea extracts market include Archer Daniels Midland Company, DuPont, Teawolf, Synergy Flavors, MANE, Frutarom, Givaudan, Synthite Industries Ltd, Indena SPA, AVT Tea Source Ltd, Halssen & Lyon GmbH, Taiyo International, Harrisons Tea, and others.
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