Tea Extracts Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Green Tea, Black Tea, Oolong Tea, and Others), Category (Conventional and Organic), Form (Powder and Liquid), Application [Food and Beverages (Bakery & Confectionery, Dairy & Frozen Dessert, Beverages, and Others), Dietary Supplements, Personal Care & Cosmetics, and Others], and Geography
The tea extracts market size is projected to reach US$ 3.58 billion in 2023 to US$ 5.88 billion by 2031; it is estimated to register a CAGR of 6.4% from 2023 to 2031.
Tea extract encompasses a range of products derived from tea leaves, including green, black, white, and oolong tea. The tea extracts market is witnessing significant growth owing to rising consumer demand for natural, health-focused ingredients. These extracts, rich in bioactive compounds such as catechins, polyphenols, and flavonoids, are increasingly used in beverages, dietary supplements, functional foods, and personal care products. The market is characterized by a shift towards organic and sustainably sourced tea extracts.
The Europe personal care and cosmetics market was valued at ~US$ 94 billion in 2022, as per Cosmetics Europe—the personal care association. The personal care & cosmetics industry adds ~US$ 30 billion to the European economy. Similarly, in Asia Pacific, the expenditure on skincare and makeup products is increasing, which plays a major role in boosting the business of the cosmetic & personal care industry worldwide. The beauty & personal care sector is significantly growing in Asian countries such as India, China, Japan, and South Korea. As per World Bank data, consumer expenditure in India increased from US$ 1.9 trillion in 2018 to US$ 2.4 trillion in 2022. According to the Korea Customs Service statistics, skincare cosmetics was the largest import category, representing 41.8%, or US$ 711 million of total cosmetic imports, in 2022.
Natural ingredients such as tea extracts are significantly employed in cosmetic and personal care products owing to their beneficial properties. The antioxidant-rich qualities of tea-based skin care products help fight free radicals and environmental stressors, resulting in healthier and more radiant skin. Tea extracts are also well-known for their calming and anti-inflammatory properties, which makes them ideal for a variety of skin types—including sensitive and acne-prone skin. The antioxidant properties of tea extracts enhance skin appearance while preventing aging. Vitamin E, present in tea extracts, contributes to hydration, cell regeneration, and nourishment.
The tea extracts market, based on application, is segmented into food & beverages, dietary supplements, personal care & cosmetics, and others. The food & beverages segment held the largest market share in 2023. The food & beverage application segment of the tea extracts market is a significant driver of its global demand. Global consumers seek products with natural ingredients and additional functional properties that support a healthy lifestyle. Tea extracts, derived from various types of tea such as green, black, oolong, and white tea, are rich in antioxidants, polyphenols, and other bioactive compounds—making them highly sought after for their health benefits. Tea extracts have antimicrobial and antioxidant activity, preventing major digestive and chronic diseases. The tea extracts essentially thrive on the wider functional benefits that these ingredients confer in terms of the high quality, safety, and nutrition of processed food products.
Key players operating in the tea extracts market include Finlays, Botanic Healthcare Pvt Ltd, Firmenich International SA, Givaudan SA, International Flavors & Fragrances Inc, Kerry Group Plc, Archer Daniels Midland Company, Sensient Technologies Corp, Kemin Industries Inc, Medikonda Nutrients, Virginia Dare Extract Co Inc, Lipoid-Kosmetik, Florida Food Products, and Dohler GmbH among others. Players operating in the tea extracts market focus on providing innovative and healthy products at affordable prices to fulfill customer demand.
The overall tea extracts market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the tea extracts market.
Reasons to buyProgressive industry trends in the tea extracts market to help players develop effective long-term strategies
Business growth strategies adopted by developed and developing markets
Quantitative analysis of the tea extracts market from 2021 to 2031
Estimation of the demand for tea extracts across various industries
Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
Recent developments to understand the competitive market scenario and the demand for tea extracts across the globe
Market trends and outlook coupled with factors driving and restraining the growth of the tea extracts market.
Decision-making process by understanding strategies that underpin commercial interest concerning the global tea extracts market growth
The global tea extracts market size at various nodes of market
Detailed overview and segmentation of the tea extracts market as well as its dynamics in the industry
The tea extracts market size in different regions with promising growth opportunities