Black Tea Extracts Market Worth $153.0 Million by 2025 | Cagr: 4.8%

Tuesday 5 December 2017, Amsterdam

The global black tea extracts market is expected to reach USD 153.0 million by 2025, growing at a CAGR of 4.8%, according to a new report by Grand View Research, Inc. The market for black tea extracts is anticipated to grow with the rising awareness among population regarding the health benefits offered by the product. In addition, rising groceries, retail stores, and supermarkets, which offer the products, are expected to trigger the market growth.

Black tea extracts are used in dietary supplements owing to the superior concentration of vitamins and minerals. The product contains antioxidants and polyphenols, which are responsible for improving metabolism and inhibiting the bacterial growth. It is also effective in reducing lifestyle induced diseases such as diabetes and blood pressure as it helps in reducing the stress levels in the body.

Black tea extracts industry is anticipated to grow on account of efforts undertaken by manufacturers to engage in backward integration coupled with the adoption of contract farming as a tool to improve the yield. The adoption of contract farming aids in stabilizing the fluctuating market conditions and changing consumption patterns, which in turn is expected to aid the market growth. In addition, manufacturers are inclined toward using innovative extraction methods such as UAE, MAE, and SCFE to increase the concentration of polyphenols in the extract in an attempt to increase the customer base.