The natural tea extract market is estimated to be worth USD 5.4 billion in 2024. Through the year 2034, the natural tea extract demand is set to progress at a CAGR of 7.5%. By 2034, global sales are set to total USD 11.1 billion.
Keeping in line with the organic rage, the demand for natural tea extract is expanding. Both in the food and beverage and cosmetics sectors, the demand for natural ingredients is shooting up. The use of natural tea extracts in functional foods is another avenue through which the market is progressing.
Dietary supplements are becoming a common feature in people’s diets. The medicinal properties of natural tea extract, such as helping in weight loss and reducing blood pressure, see it become more of a common feature in dietary supplements. Along with dietary supplements, the fitness trend has also benefited the energy drink sector. The natural tea extract market is progressing through that sector, too.
The market does, however, have a few factors going against it. The side effects of tea extract withdrawal, such as headaches and irritability, make people hesitant about it. The iron intake of the body is also potentially reduced by tea extract, another negative factor.
Key Takeaways from the Natural Tea Extract Market
- The natural tea extract market value is anticipated to total USD 5.4 billion in 2024.
- Based on type, green tea extract segment accounted for a market share of 44% in 2023.
- The dietary supplement segment held around 38% of the market share in 2023.
- South Korea is projected to record a CAGR of 10.0% through 2034.
- China and Japan are poised to register CAGRs of 8.3% and 9.2% respectively.
“As the food and cosmetics industries embrace naturalness, the market has great potential to upscale. With stakeholders cognizant of the need to let potential consumers know the benefits of the extract, promotional activities are set to play a significant part in the market. Thus, investors are advised to keep their marketing game strong,” says Nandini Roy Choudhury, Client Partner at Future Market Insights
Who is Winning?
Research and development is a key area of concern for industry players. To get ahead in the market, companies are also indulging in mergers and acquisitions. Some of the prominent companies in the market include Finlays, Martin Bauer Group, Tata Global Beverages, and Amax NutraSource.
Leading Natural Tea Extract Brands
- Finlays
- Martin Bauer Group
- Tata Global Beverages
- Amax NutraSource
- Cymbio Pharma
Recent Developments in the Natural Tea Extract Market
- In November 2023, the green tea extract-rich Herbfast Protein supplement was launched by Steadfast Nutrition.
- In May 2024, the Pretty Tasty Collagen Tea, containing black tea extract, was launched.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides a thorough, detailed and unbiased analysis of the global natural tea extract market, presenting historical demand data for the years 2019 to 2023 and forecast statistics for the years 2024 to 2034.
The study provides compelling industry insights based on type (green tea extract, black tea extract, white tea extract, and others) and application (pharmaceutical, cosmetics, functional foods, dietary supplements, energy drinks, and others) across several regions.
Download the full report for in-depth insights.
Key Segments of Natural Tea Extract Industry
By Type:
In terms of type, the industry is divided into green tea extract, black tea extract, white tea extract, and others.
By Application:
Based on application, the industry is segmented into pharmaceutical, cosmetics, functional foods, dietary supplements, energy drinks, and others.
By Region:
Key countries of North America, Latin America, Europe, East Asia, South Asia, Middle East and Africa (MEA), and Oceania have been covered in the report.
About the Food & Beverage Division at Future Market Insights:
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centres in the United Kingdom, the United States, and India. FMI’s latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube