Tea is the most widely drank beverage on the planet. Green tea is the most widely consumed variety of tea, owing to rise in health awareness and the surge in incidence of chronic diseases. Green tea extract (EGCG) is a plant derivative derived from the leaves of green tea. Epicatechin (EC), epigallocatechin (EGC), epigallocatechin gallate (EGCG), and epicatechin gallate are the four major epicatechin derivatives found in green tea leaves (ECG). Green tea leaves contain the most abundant and active catechin, EGCG. It is commonly regarded as tea extract and can be prepared in an organic or traditional manner. Tea extract is made with natural fertilizers and composts, whereas standard tea extract is made with artificial fertilizers and then subjected to severe chemical treatment. Traditional tea extracts are commercially produced by small-scale organic ingredient producers and are thus priced at the organic extract's premium rate.
COVID-19 Impact Analysis
- The COVID-19 outbreak has wreaked havoc on food supply chains, resulting in bottlenecks in farm labor, processing, shipping, and logistics, as well as substantial demand adjustments. Food supply chains have demonstrated incredible resilience in the face of these obstacles, which has impacted the growth of the green tea extract industry.
- The COVID-19 outbreak has thrown a wrench in the supply chain, with companies reporting severe delays in procuring the raw ingredients they need. As a result, inventory management has become particularly problematic for producers.
- People have become more health conscious as a result of COVID-19. Green tea extract demand has increased as individuals have become more health conscious.
Top Impacting Factors
- Growth in awareness and the prevalence of chronic diseases on health consciousness are significant reasons, and the target market's growth is predicted to accelerate throughout the forecast period.
- Other factors that drive demand for green tea extracts include rise in income levels, increased consumer attention to healthy lifestyles, rise in the number of cases of esophageal illness, and surge in the number of patients with heart disease.
- However, in developing nations, a lack of information about the therapeutic benefits of green tea extract is a problem that is likely to limit the target market's growth.
Market Trends
Health Benefits of Green Tea Extract has increased Demand
The global green tea extract market is being driven by a shift in consumer preference for ethnic meals and natural ingredients. Green tea extract is widely utilized in the treatment of lifestyle disorders including diabetes and cancer, as well as the prevention of neurological diseases like Parkinson's and Alzheimer's. As a result of the increased prevalence of various disorders, the global market is expanding. Furthermore, as consumers become more aware of the benefits of EGCG, global demand for green tea extracts is expected to rise.
Moreover, rise in awareness and the frequency & prevalence of chronic diseases on health consciousness are key factors, and the target market's growth is likely to accelerate during the forecast period. Other factors that drive global demand for green tea extracts include rise in income levels, increased consumer attention to adopting healthy lives, an increase in the number of cases of esophageal illness, and surge in the number of patients with heart disease.
Surge in Demand in Asia-Pacific Region
Despite being a major producer of tea, Asian countries' consumption of tea-based RTD beverages and nutraceutical goods is still in its infancy. Tea is mostly used as a hot beverage by consumers, not as a convenient product. As a result, the market for tea extract consumption in Asia-Pacific is less than the markets in North America and Europe. Furthermore, the tea extracts market in the Asia-Pacific area is fragmented, with several rising and small-scale enterprises developing generic tea extracts in China. Countries like China, India, Malaysia, and Thailand would be a promising market for tea extracts due to an increase in FDI and rising living standards.
Asia-Pacific is predicted to rise significantly due to Japan's growing older population and rising health consciousness among customers. Furthermore, the region is the world's biggest producer and exporter of EGCG and other tea extracts to the U.S. and Europe. China is expected to emerge as the most lucrative green tea extract market by revenue in the APAC region. In terms of revenue, the U.S. is expected to be the biggest contributor in North America
Key Benefits of the Report
- This study presents the analytical depiction of the green tea extract industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the green tea extract market share.
- The current market is quantitatively analyzed to highlight the green tea extract market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed green tea extract market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the Report
- Which are the leading players active in the green tea extract market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What is green tea extract market prediction in the future?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the driving factors and opportunities in the market?
- What are the current trends and predicted trends?
- What are the challenges faced in the green tea extract market?
Green Tea Extract Market Report Highlights
| Aspects | Details |
 By Application |
|
 By Category |
|
 By Region |
|
 Key Market Players | Indena S.P.A, Kemin Indutries Inc,, Givaudan,, Iff-frutarom,, DuPont,, A. Holiday & Company,, Finlays,, Synthite Industries Ltd,, Martin Bauer Group,, ADM, |
Loading Table Of Content...
