Global Green Tea Extract Market Overview:
Green tea extract is a blend prepared from the leaves of the Camellia sinensis plant. Green tea is widely consumed worldwide as a refreshing beverage that helps reduce stress. It contains substances called antioxidant flavonoids and polyphenols. They are thought to have anti-cancer and anti-aging properties, making them a healthier option for consumers. Green tea has become one of the most popular health drinks in the world. High antioxidant activity, cardiovascular health, and weight management support are the factors driving the green tea extract market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Consumers Shifting Towards Healthier Food Choices and Increasing Demand of Green Tea Extract for Personal Care.
Market Growth Drivers:
Rising Income Levels, Increased Consumer Attention to Healthy Lifestyles., Surge in the Number of Patients with Heart Disease. and Increase in Consumption of Dietary Supplements
Challenges:
Tea Extract Manufacturers Face the Challenge of Maintaining Consistent Quality across Multiple Batches and Lack of Awareness about the Benefits of Green Tea Extracts.
Restraints:
Increasing Coffee Consumption among Millennial and Generation Z and Fluctuating Raw Material Prices Due to Unpredictable Climatic Conditions.
Opportunities:
Introduction of Innovative Products such as PepPod a new Supplement Derived by Green Tea Extract and Introduction of Ready-To-Drink Variants to Expand Product Portfolio
Competitive Landscape:
Automotive Films is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Tata Consumer Product Limited (India), Starlon Naturals (India), Nesso (India), Unilever (United Kingdom), Vahdam (India), Mighty Leaf Tea (Canada), Celestial Seasonings (United States), Herbalife Nutrition (United States), Bombay Burmah Trading Corporation Limited (India) and Bigelow Tea (United States). Considering Market by By Category, the sub-segment i.e. Conventional will boost the Green Tea Extract market. Considering Market by By Usage, the sub-segment i.e. External Usage will boost the Green Tea Extract market. Considering Market by By Form, the sub-segment i.e. Gummies will boost the Green Tea Extract market.
Latest Market Insights:
In March 2022, Tata Consumer Products merged all of Tata Coffee's businesses into its own as part of a reorganization plan driven by the strategic priorities of creating synergies and efficiencies. Tata Coffee Ltd's plantation business splinted into TCPL Beverages & Foods Ltd, which is wholly owned by TCPL, and TCL's remaining business, consisting of brew and branded coffee businesses., and In February 2020, Layn, an ingredient supplier specializing in natural extracts and other solutions, acquired 51% ownership of Wagott - China's largest green tea extract exporter and a major tea and resveratrol extract producer, to integrate and leverage resources, combine intellectual property and advantages in talent, management, products, processes, and industry relationships to deliver increasing compelling value to customers.
In January 2020, Herbalife Nutrition launched the tulsi flavor for the Afresh energy drink mix, Afresh is an invigorating and refreshing energy drink mix that contains orange pekoe extract, green tea extract, and natural caffeine powder which can be consumed hot or cold, any time of the day.
What Can be Explored with the Green Tea Extract Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Green Tea Extract Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Green Tea Extract
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Green Tea Extract market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Green Tea Extract market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.