1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 STUDY SCOPE 17
1.3.1 MARKET SEGMENTATION 17
1.3.2 REGIONS COVERED 17
1.4 PERIODIZATION CONSIDERED 18
1.5 CURRENCY CONSIDERED 18
1.6 UNITS CONSIDERED 19
1.7 STAKEHOLDERS 19

2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY DATA 22
2.1.2.1 Key data from primary sources 22
2.1.2.2 Breakdown of primaries 23
2.2 MARKET SIZE ESTIMATION 23
2.2.1 BOTTOM-UP APPROACH 24
2.2.2 TOP-DOWN APPROACH 25
2.3 DATA TRIANGULATION 26
2.4 ASSUMPTIONS FOR THE STUDY 27
2.5 LIMITATIONS OF THE STUDY 27

3 EXECUTIVE SUMMARY 28

4 PREMIUM INSIGHTS 32
4.1 ATTRACTIVE OPPORTUNITIES IN THE TEA EXTRACTS MARKET 32
4.2 TEA EXTRACTS MARKET, BY REGION, 2019 VS. 2025 32
4.3 TEA EXTRACTS MARKET, BY SOURCE, 2019 VS. 2025 33
4.4 TEA EXTRACTS MARKET, BY FORM, 2019 VS. 2025 33
4.5 NORTH AMERICA: TEA EXTRACTS MARKET, BY APPLICATION AND COUNTRY, 2018 34

5 MARKET OVERVIEW 36
5.1 INTRODUCTION 36
5.2 MARKET DYNAMICS 36
5.2.1 DRIVERS 37
5.2.1.1 Rising awareness regarding the side effects of synthetic flavors 37
5.2.1.2 Growing clean label trend across the world 37
5.2.1.3 Increasing demand for herbal dietary supplements 38
5.2.1.4 Growing demand for fortified and innovative beverages 39
5.2.1.5 Rising per capita spending on processed food 39
5.2.2 RESTRAINTS 40
5.2.2.1 Availability of cost-effective substitutes 40
5.2.2.1.1 Coffee 40
5.2.2.1.2 Plant Extracts 41
5.2.3 OPPORTUNITIES 42
5.2.3.1 Acceptance of green tea flavor in functional beverages 42
5.2.3.1.1 Launch of innovative product portfolio for green tea 42
5.2.3.2 Expansion of product portfolios in the cosmetics industry 43
5.2.3.3 Encapsulation of products 43
5.2.4 CHALLENGES 44
5.2.4.1 Limited availability of raw materials 44
5.2.4.2 Unstable prices of raw materials 44
5.3 YC & YCC SHIFT 45
5.4 SUPPLY CHAIN ANALYSIS 46

6 TEA EXTRACTS MARKET, BY SOURCE 47
6.1 INTRODUCTION 48
6.2 BLACK TEA 50
6.2.1 HIGH MARKET PENETRATION OF BLACK TEA AIDING THE TEA EXTRACTS MARKET TO GROW 50
6.3 GREEN TEA 51
6.3.1 INCREASING APPLICATION OF GREEN TEA EXTRACTS IN COSMETICS AND PERSONAL CARE 51
6.4 OOLONG TEA 53
6.4.1 OOLONG TEA CONSUMPTION FOR WEIGHT LOSS AND WEIGHT MANAGEMENT 53
6.5 OTHERS 54

7 TEA EXTRACTS MARKET, BY APPLICATION 56
7.1 INTRODUCTION 57
7.2 FOOD 59
7.2.1 INCREASING APPLICATION OF TEA EXTRACTS IN FUNCTIONAL FOODS HAS BEEN WIDENING THE SCOPE OF THIS MARKET 59
7.3 BEVERAGES 60
7.3.1 BEVERAGES HAVE BEEN THE MOST COMMON APPLICATION FOR TEA EXTRACTS ACROSS THE GLOBE 60
7.4 PHARMACEUTICALS 61
7.4.1 PHARMACEUTICALS & DIETARY SUPPLEMENTS ARE EXPLORING THE BENEFITS OF GREEN TEA 61
7.5 COSMETICS 64
7.5.1 ADOPTION OF HERBAL REMEDIES IN COSMETICS IS WITNESSING SUBSTANTIAL GROWTH 64

8 TEA EXTRACTS MARKET, BY CATEGORY 65
8.1 INTRODUCTION 66
8.2 ORGANIC 67
8.2.1 CONSUMER’S WILLINGNESS TO PAY PREMIUM PRICE FOR CERTIFIED PRODUCTS HAS BEEN FUELING THE MARKET GROWTH 67
8.3 CONVENTIONAL 69
8.3.1 CONVENTIONAL TEA EXTRACTS ARE EASILY AVAILABLE AND COST-EFFECTIVE 69

9 TEA EXTRACTS MARKET, BY FORM 71
9.1 INTRODUCTION 72
9.2 LIQUID 73
9.2.1 CONCENTRATES MAJORLY FIND APPLICATION IN THE BEVERAGE INDUSTRY FOR RTD TEA 73
9.3 POWDER 74
9.3.1 EXTENDED SHELF LIFE IS ONE OF THE MAIN ADVANTAGES FOR THE INCREASING APPLICATION OF THE POWDER FORM ACROSS ALL INDUSTRIES 74

10 TEA EXTRACTS MARKET, BY REGION 75
10.1 INTRODUCTION 76
10.2 NORTH AMERICA 78
10.2.1 US 82
10.2.1.1 Growth of the food and herbal dietary supplements industries 82
10.2.2 CANADA 83
10.2.2.1 Familiarity of the black tea flavor in the country can provide opportunities for the tea extracts market in the beverage industry 83
10.2.3 MEXICO 84
10.2.3.1 Rise in health awareness and FDI in the health sector 84
10.3 EUROPE 85
10.3.1 GERMANY 89
10.3.1.1 The rising innovation in functional beverages has increased the demand for tea extracts 89
10.3.2 UK 90
10.3.2.1 Increased spending on organic products to propel the tea extracts market 90
10.3.3 FRANCE 92
10.3.3.1 Increasing acceptance of natural ingredients in dietary supplements 92
10.3.4 ITALY 93
10.3.4.1 Rising demand for herbal products for medicinal purposes 93
10.3.5 SPAIN 94
10.3.5.1 Growth in the personal care industry expected to accelerate the tea extracts market growth 94
10.3.6 TURKEY 95
10.3.6.1 Changing consumer preference toward functional drinks 95
10.3.7 POLAND 96
10.3.7.1 Increasing per capita consumption of tea is expected to propel the demand for flavored tea drinks 96
10.3.8 REST OF EUROPE 96
10.4 ASIA PACIFIC 97
10.4.1 CHINA 102
10.4.1.1 Rising popularity of tea extract products in China 102
10.4.2 JAPAN 103
10.4.2.1 Increasing trend of RTD beverages driving the market 103
10.4.3 INDIA 104
10.4.3.1 Increasing health awareness and FDI in the health sector 104
10.4.4 AUSTRALIA & NEW ZEALAND 105
10.4.4.1 Positioning of tea extract beverages as a health drink propelling the market 105
10.4.5 THAILAND 106
10.4.5.1 Increasing innovation in RTD tea flavored drinks has increased the consumption of tea extracts 106
10.4.6 REST OF ASIA PACIFIC 107
10.5 SOUTH AMERICA 107
10.5.1 BRAZIL 111
10.5.1.1 Increase in product innovation among local beverage companies 111
10.5.2 ARGENTINA 112
10.5.2.1 Greater acceptance of herbal tea and organic products to propel the tea extracts market 112
10.5.3 REST OF SOUTH AMERICA 113
10.5.3.1 Changes in consumer perception and increase in consumer buying power 113
10.6 REST OF THE WORLD 113
10.6.1 SOUTH AFRICA 116
10.6.1.1 Increasing obesity rate in the country propelling healthy food products 116
10.6.2 MIDDLE EAST 117
10.6.2.1 Increasing industrialization in and population of western countries propelling the tea extracts market 117
10.6.3 OTHERS IN ROW 118

11 COMPETITIVE LANDSCAPE 119
11.1 OVERVIEW 119
11.2 COMPETITIVE LEADERSHIP MAPPING 120
11.2.1 DYNAMIC DIFFERENTIATORS 120
11.2.2 INNOVATORS 120
11.2.3 VISIONARY LEADERS 120
11.2.4 EMERGING COMPANIES 120
11.3 COMPETITIVE BENCHMARKING 123
11.3.1 STRENGTH OF PRODUCT PORTFOLIO 123
11.3.2 BUSINESS STRATEGY EXCELLENCE 124
11.4 COMPETITIVE SCENARIO 125
11.4.1 EXPANSIONS & INVESTMENTS 125
11.4.2 ACQUISITIONS 125
11.4.3 PARTNERSHIPS, JOINT VENTURES, AND AGREEMENTS 126

12 COMPANY PROFILES 127
(Business overview, Products offered, Recent developments, SWOT analysis & Right to Win)*
12.1 DUPONT 127
12.2 ARCHER DANIELS MIDLAND COMPANY 129
12.3 KEMIN INDUSTRIES, INC 132
12.4 GIVAUDAN 134
12.5 SYNTHITE INDUSTRIES LTD. 136
12.6 FINLAYS 138
12.7 IFF-FRUTAROM 139
12.8 MARTIN BAUER GROUP 141
12.9 A. HOLLIDAY & COMPANY 143
12.10 INDENA S.P.A 144
12.11 FUTURECEUTICAL 145
12.12 AMAX NUTRASOURCE, INC. 146
12.13 SYNERGY 147
12.14 CYMBIO PHARMA PVT. LTD 149
12.15 TEAWOLF 150
12.16 PHYTO LIFESCIENCES PVT. LTD 152
12.17 TAIYO INTERNATIONAL 153
12.18 AVT TEA SERVICES LIMITED 154
12.19 HAELSSEN & LYON GMBH 155
12.20 HARRISONS TEA 156
*Details on Business overview, Products offered, Recent developments, SWOT analysis & Right to Win might not be captured in case of unlisted companies.
13 APPENDIX 157
13.1 DISCUSSION GUIDE 157
13.2 KNOWLEDGE STORE:  162
13.3 AVAILABLE CUSTOMIZATIONS 164
13.4 RELATED REPORTS 164
13.5 AUTHOR DETAILS 165