Global demand for Green Tea Extracts Market is expected to reach a market valuation of USD 3 Billion by the end of the year 2023, accelerating at a CAGR of 7% over the forecast period (2023 to 2033).
The Green Tea Extracts Market is relatively niche and is experiencing utmost and rapid growth, owing to the increasing number of people opting for various changes in their diets as a part of their consciousness towards a healthy lifestyle.
Furthermore, the growing health awareness among consumers, increasing demand for functional foods and supplements, and the expanding use of green tea extracts in the cosmetics industry.
The market is supported by:
North America, followed by Europe, is the major market for Green Tea Extracts Market, owing to the increasing popularity and increasing demand for natural and organic products. In addition to this, the North American region is a major market for dietary supplements and functional foods, making green tea extracts a popular ingredient in these products.
The USA is the largest Green Tea Extracts Market in the region, followed by Canada. Apart from North America, Asia-Pacific is the largest market for Green Tea Extracts Market, due to the growing number of consumers adopting healthy lifestyles, leading to the consumption of functional foods and supplements made with green tea extracts.
Key producers are working on manufacturing Green Tea Extracts Market in order to gain a greater market share. Domestic and international companies are investing in technology to grow their operations and gain a large share of the market revenue.
Some of these companies include DSM, Alchem International, Archer Daniels Midland Company, BulkSupplements, Phyto-Technologies, NutriSport, Inc., Naturex, PureCircle Limited, Health Ingredients, and Martin Bauer Group
The market for Green Tea Extracts Market is highly competitive, with many companies vying for market share. These companies have a strong presence in the market and are implementing various strategies to gain an advantage, such as emphasizing product quality and pricing, developing new Green Tea Extracts products, and building a strong brand reputation and distribution network.
The competition in the market is intense, with companies striving to provide superior product quality, affordable prices, establish a reputable brand, and expand their distribution channels.
For instance, PureTea offers a top-quality green tea extract supplement made in the USA, providing a subtle yet powerful combination of benefits. Each serving of this effective supplement boasts 1,000mg of 98% green tea extract, known for promoting weight loss and cognitive improvement, with a high concentration of EGCG (45%) and polyphenol catechins (75%).
Additionally, it includes a modest amount (50mg) of caffeine and L-theanine, both found in green tea, which have been shown to enhance cognitive function and reduce anxiety and stress. This green tea extract is free of any fillers or artificial components and comes in 60, 120, and 240 vegetable capsule options.
Starting a business in the Green Tea Extracts market can be a rewarding opportunity for entrepreneurs with a passion for plant based food ingredients. Considering this, a lot of startups are coming up with innovative product launches.
Consumer trends that are forming growth pillars for green tea extract includes: functional food need for the hour, preference for mindful indulgence, conventionalism is new modern, and demand for cleaner and clearer ingredients. Green tea is the most commonly consumed tea all around the globe. Like green tea, green tea extracts is also a great source of antioxidants.
A green tea leaf consists of four key epicatechin derivatives: epicatechin (EC), epigallocatechin (EGC), epigallocatechin gallate (EGCG), and epicatechin gallate (ECG). These have been credited with a range of health benefits, from promoting liver brain and heart health to improving skin and even reducing risk of cancer.
Green tea extract is available in concentrated form of the beverage and is mostly used as supplements and in various other medical products. Many studies have proven that green tea extract has ability to aid weight loss. In fact, many weight loss products list it as a key ingredient.
Moreover, the majority of green tea extract’s antioxidant content comprises of polyphenol antioxidants called catechins. Studies have proven that green tea extract increases the antioxidant capacity of the body and protects against oxidative stress.
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Increasing prevalence of chronic diseases and growing awareness about health consciousness, are expected to drive the growth of green tea extracts market in the forecast period.
The shifting focus towards use of natural ingredients is driving the global green tea extract market. Green tea extract is widely used in the prevention of neurodegenerative diseases such as Alzheimer’s and Parkinson’s disease and also in the treatment of diseases such as cancer and diabetes.
Asia Pacific is expected to register significant growth owing to the rising geriatric population and increasing health consciousness among consumers. Moreover, the region is the leading producer and supplier of EGCG and other tea extracts to the USA and Europe market.
Lack of awareness about the medicinal benefits of green tea extracts in developing countries is a factor which is expected to hamper the growth of target market to a certain extent.
Some of the key players manufacturing banquet carts and heated cabinets are as follows -
Asia Pacific region is anticipated to hold a major share in the target market over the forecast period and is expected to register highest CAGR. This is primarily due to, growing aging population, increasing awareness about medicinal aspects of green tea extract, and introduction of new innovative flavored green tea extract products.
Modern day consumers are demanding for out-of-the-box flavor and ingredient which are indulging yet matching healthy-eating expectations, this fact is fueling the market prospects for green tea extracts.
Manufacturers and brand owners are attracting consumers by scaling up their label game by introducing their products with health claims such as ”free from”, “Non-GMO”, ”99% organic”, “natural”, “minimally processed”, “Good for Heart”, “Fortified”, “Light”, and others.
These claims by manufacturers and brand owners of green tea and green tea extracts are used to take hold of the consumer sentiments and display their product’s uniqueness and health benefits.
The green tea extracts market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and information for every facet of the green tea extracts market, including but not limited to: regional markets, product type, function, slide type, application, and motion.
The green tea extracts market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the Green Tea Extract Market report projects the attractiveness of each major segment over the forecast period.
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Green Tea Extracts Market
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