Green Tea Extracts Market to Reach US$ 3 Billion Valuation by 2023, Fueled by Health-Conscious Consumer Trends

Green Tea Extracts Market
Green Tea Extracts Market

The global Green Tea Extracts Market is poised to witness remarkable growth, projected to reach a valuation of US$ 3 Billion by 2023, with a CAGR of 7% from 2023 to 2033. The market is experiencing accelerated expansion driven by a surge in health-conscious consumer preferences and the increasing adoption of plant-based products. Green tea extracts, known for their antioxidant properties and health benefits, are gaining traction across diverse industries including food and beverage, dietary supplements, and cosmetics.

The demand for green tea extracts is propelled by the rising prevalence of chronic diseases and growing awareness about health consciousness worldwide. Consumers are shifting towards natural ingredients, particularly green tea extracts, which are widely recognized for their potential in preventing neurodegenerative diseases and aiding in the treatment of conditions such as cancer and diabetes. In regions like Asia-Pacific, increasing geriatric population and rising health consciousness are contributing to significant market growth.

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Key factors fueling the growth of the green tea extracts market include:

  • Increasing prevalence of chronic diseases and growing health awareness.
  • Shifting focus towards natural ingredients and functional foods.
  • Rise in demand for out-of-the-box flavors and healthy indulgence.
  • Favorable government initiatives and increasing adoption of green tea extracts in dietary supplements and cosmetics.
  • Technological advancements in extraction methods and product innovation.

Key Takeaways:

  • The global Green Tea Extracts Market is set to reach a valuation of US$ 3 Billion by 2023, with a CAGR of 7% over the forecast period.
  • Asia-Pacific region is anticipated to register significant growth, driven by increasing health consciousness and introduction of innovative flavored green tea extract products.
  • Manufacturers are leveraging health claims such as “free from”, “natural”, and “Good for Heart” to attract consumers and differentiate their products in the market.
  • The market is highly competitive with key players focusing on product quality, innovation, and brand reputation to gain a competitive edge.

Global Green Tea Extracts: Key Players

Some of the key players manufacturing banquet carts and heated cabinets are as follows –

  • Tate & Lyle
  • DSM
  • Danone S.A.
  • Changsha Sunfull Bio-tech Co. Ltd
  • Blue California

The burgeoning demand for green tea extracts presents lucrative opportunities for investors in the B2B industry. With increasing consumer awareness and favorable market dynamics, businesses can capitalize on the growing trend towards health-conscious consumption patterns and the rising popularity of plant-based products. As the market continues to expand, strategic investments in technology, product development, and marketing initiatives can pave the way for sustainable growth and market leadership.

Global Green Tea Extract: Market Segmentation

By Product Type:

  • Tea polyphenols
  • Tea catechins
  • Epigallocatechin gallate (EGCG)
  • Caffeine

By Application Type:

  • Pharmaceuticals
  • Food & Beverages
  • RTD Teas
  • Functional Foods
  • Dietary Supplements
  • Energy Drinks
  • Others
  • Cosmetics
  • Others

Purchase now and gain full access to the Green Tea Extract Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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