Black Tea Extract Market: Size, Share, Growth, Trends, and Forecasts, 2016–2024
Sarasota, FL -- (SBWIRE) -- 05/18/2018 -- Black Tea Extract Market: Overview
Black tea is one of the most popular types of tea all around the world. Black tea is the oxidized tea in comparison to all other kinds of tea such as green tea, white tea, and oolong. Black tea is extracted from Camellia sinensis plant and it is transformed into powder. Black tea is leaves are left under the direct sun and the way in which it is processed is known as oxidization. Black tea helps in curing several diseases like cancer, headache etc. Black tea is experiencing a high demand because of its health benefits and the nutrients. It is rich in Vitamin C, magnesium, copper, iron, zinc, calcium, potassium, manganese, fluoride. Though the excess of anything is harmful so is with black tea. Excessive consumption of green tea is harmful. Black tea extract gel is also helpful for skin in order to reduce redness after exposure to the UV light. The benefits which the black tea offers are equal to the benefits of green tea.
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Black Tea Extract Market: Growth Factors
The black tea extract market is seeing growth in its owing to increase the purchasing power of the consumers, rising health consciousness. In addition, black tea helps in curing various diseases contributes to the growing demand for the black tea extract market. The consumers are focusing more on purchasing beverages which are offering some health benefits and they are ready to pay more so marketers can capture it easily during the forecast period.
Black Tea Extract Market: Segmentation
Black tea extract market has been segmented on the basis of form, product, application, and region. Application wise, the market is bifurcated into- beverages, cosmetics, functional foods, beauty supplements. on the basis of form, the market is divided into liquid, powder and encapsulated. Geographically, black tea extract market is divided into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. Segmentation By product, the market is segmented into cold water soluble and hot water soluble.
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Black Tea Extract Market: Regional Analysis
North America is the leader in consuming black tea followed by the Asia Pacific and Europe. The Asia Pacific and Europe are witnessing growth in the coming years due to the rising health awareness and increased disposable income. The market in Asia Pacific region is expected to be dominant for black tea extracts for consumption and for production. North America is expected to be the largest importer of cosmetics, beauty supplements, and ready-to-drink beverages.
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Black Tea Extract Market: Competitive Players
Some of the major players of black tea extract market are Synthite Industries Limited, Associated British Foods, Finlay, Akbar Brothers Ltd, Martin Bauer Group, Tata Global Beverages, Amax NutraSource Inc, Cymbio Pharma Pvt. Ltd., Kemin Industries, AVT Natural Products Ltd., The Republic of Tea and Nestlé S.A., among others.
Black Tea Extract Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa
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