Tea Extracts Market Snapshot, Overview, Industry Potential, Regional & Competitive Analysis By 20282/21/2022 The global Tea Extracts Market size is expected to reach USD 4,160.7 Million in 2028 and register a revenue CAGR of 6.5% over the forecast period, according to the latest report by Reports and Data. Steady revenue growth of tea extracts market can be attributed to rising awareness among people about health benefits of natural flavors. At present, consumers consider taste or flavor of beverages to be one of the most essential components that persuade them to try those beverages.
Increasing consumer awareness about health benefits of tea extracts is significantly driving market revenue growth. Consumers are rapidly shifting from carbonated soft drinks having high sugar content to natural tea extracts. Rising preference for clean-label beverages and increasing demand for natural ingredients are factors expected to drive tea extracts market revenue growth in the near future. Demand for food & beverages with healthy and natural flavors is increasing globally. Taste/flavor of a beverage is one of the most essential components that persuades consumers to try that particular beverage. Request for Sample PDF @ https://www.reportsanddata.com/sample-enquiry-form/4645 Competitive Landscape: Competitive landscape of the global tea extracts market is moderately fragmented with a number of key players operating on global and regional levels. Key players are engaged in product development and strategic alliances to expand respective product portfolios and gain a robust footing in the global market. Key Players operating in the industry: Key players profiled in the global market report include The Archer Daniels Midland Company, Martin Bauer Group, Givaudan, DuPont, Indena SPA, Kemin Industries Inc., Finlays, FutureCeuticals, Inc., Synthite Industry Ltd., and Taiyo International. Some Key Highlights From the Report:
Market Segmentation: Extract Type Outlook (Revenue, USD Million; 2018-2028)
Identifying the basic business drivers, challenges, and tactics adopted:
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