Green Tea Extract Market: Global Market Analysis and Forecast (2023-2029)

Green Tea Extract Market reached a value of US$ 3.10 Bn. in 2022. The global market is expected to grow at a CAGR of 7.1% during the forecast period. The market is expected to reach a value of US$ 5.02 Bn. by 2029.

Green Tea Extract Market Overview:

Green Tea extract can be prepared organically or traditionally. Green 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. Small-scale organic component manufacturers commercially produce traditional tea extracts and, as a result, are charged at a premium over organic tea extracts, affecting demand. Tea is the most widely swallowed drink on the earth. Green tea is the most widely consumed variety of tea, owing to rising health awareness and the rising incidence of chronic diseases. Green tea extract (EGCG) is an imitative plant consequent from the greeneries 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 the Nutraceuticals of modern life due to its anti-oxidant qualities.

Green Tea Extract Market Snapshot

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Green Tea Extract Market Dynamics:

Chronic diseases are becoming more common, and people are becoming more cognizant of their health which is driving the growth of the market: Green tea is the most widely consumed variety of tea, owing to rising health awareness and the rising incidence of chronic diseases. According to the Food and Agriculture Organization, green tea production is predicted to expand at a higher rate than black tea production, mirroring the growth in China, where green tea production is expected to reach 2.99 million tonnes by 2023. Green tea is high in mechanisms that are advantageous to human health. Green tea can help lose weight and lower the risk of various diseases, including diabetes, heart disease, and cancer if consumed regularly. Drinking three to five cups of green tea each day appears to be the most beneficial to one's health which is driving the growth of the market. Various Countries are underdeveloped due to a lack of information about the medical benefits of green tea extract.: Weight loss, blood sugar directive, disease anticipation, and workout recovery can all be aided by green tea extract. It can also aid in the preservation of healthy skin and liver, as well as the reduction of blood fat levels, blood pressure regulation, and brain health. It can be occupied as a capsule, a liquid, or a powder. Most of the consumers are not aware of these health benefits of green tea extract products which is a major reason for hindering the growth of the market. The primary player is concentrating on creating items that are healthier and more natural: The major company is concentrating on producing healthier and natural products as a result of rising public awareness of health and wellness, which is one of the current important trends in the industry. Growing academic research to uncover new areas of application for green tea extracts is predicted to provide significant prospects for market participants. With both suppliers and distributors focused on adapting to altering consumer inclinations, new growth possibilities will emerge across the green tea extract value chain which is considered as a major opportunity for the market. Growing antagonism and the craving for high-quality substances at reasonable prices are both major challenges to market expansion: To get the best green tea extract capsules, examining the number of active compounds present, the manufacturer's reputation and lineage, and the advice of medical professionals are incorporating various green tea products. Green tea extract capsules with higher levels of EGCG are the best in which EGCG act as a major competitor for the market which is a major challenging factor for the green tea extract market.

Green Tea Extract Market Segment Analysis:

By Product, the market is segmented into Tea Polyphenols, Tea Catechins, Epigallocatechin Gallate (EGCG), and Caffeine. The Epigallocatechin Gallate segment is expected to hold 38.9 % of the overall market share in terms of revenue by 2029. Epigallocatechin gallate (EGCG) is a rare plant molecule that has gotten a lot of press recently because of its potential health advantages. It's conceivable that it will help with weight loss, inflammation, and the prevention of heart and brain illness. For adults, toxicological and human safety data for tea preparations taken as a solid bolus dosage resulted in a safe intake threshold of 338 mg EGCG/day. For tea preparations in drinking form, an Observed Safe Level OSL of 704 mg EGCG/day could be indicated based on human AE data. However, the Tea Polyphenols segment is expected to grow at a CAGR of 6.4% during the forecast period. Tea polyphenols are a broad name for polyphenol chemicals found in tea that have been demonstrated to have antioxidant, anti-inflammatory, cancer prevention, and lipid metabolism-regulating properties which is beneficial for human health containing various vitamin elements and thus expected to rise in the forecast period.

Green Tea Extract Market, by Application 2022(%)

Green Tea Extract Market By Application, the Green Tea Extract Market is segmented into Pharmaceuticals, Food & Beverages, RTD Teas, Functional Foods, Dietary Supplements, and Cosmetics. The Food & beverages segment is expected to hold the highest market share in terms of revenue by 2029. Green Tea Extract's health benefits have raised demand in this segment. Furthermore, the impact of increased knowledge and the frequency and prevalence of chronic diseases on health consciousness are important drivers, and this segment growth is expected to accelerate throughout the forecast period. However, the Pharmaceuticals segment is expected to grow at a CAGR of 5.4% during the forecast period. Green tea extract is commonly used to treat lifestyle issues including diabetes and cancer, as well as to prevent neurological disorders like Parkinson's disease and Alzheimer's disease. The global market is developing as a result of the rising frequency of various illnesses. And thus there is a wide usage of green tea in the pharmaceutical industry as well.

Green Tea Extract Market Regional Insights:

The Asia Pacific region accounted for the largest market share in 2022. This is related to a growing elderly population, increased awareness of green tea extract's medical properties, and the launch of new novel flavoured green tea extract products. This fact is boosting the market possibilities for green tea extracts. Modern customers desire out-of-the-box flavours and ingredients that are indulgent while also meeting healthy-eating requirements. Despite being a major tea producer, Asian countries' tea-based RTD beverages and Nutraceuticals products are still in their infancy. Tea is mostly used as a hot beverage by people, rather than as a convenience item. As a result, the Asian Pacific market for tea extract is smaller than the markets in North America and Europe. Furthermore, the Asia Pacific tea extracts industry is fragmented, with various emerging and small scale firms in China developing generic tea extracts. Due to increased FDI and improving living standards, countries such as China, India, Malaysia, and Thailand could be viable markets for tea extracts. China is predicted to be the most attractive green tea extract market in the APAC region in terms of revenue which is a major factor for driving the growth of this region. The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the market dynamics, structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.

Green Tea Extract Market Scope: Inquiry Before Buying

Green Tea Extract Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 3.10 Bn.
Forecast Period 2023 to 2029 CAGR: 7.1% Market Size in 2029: US $ 5.02 Bn.
Segments Covered: by Product Tea Polyphenols Tea Catechins Epigallocatechin Gallate (EGCG) Caffeine
by Type Pharmaceuticals Food & Beverages RTD Teas Functional Foods Dietary Supplements Cosmetics

Green Tea Extract Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Green Tea Extract Market, Key Players are

1. Dupont 2. Archer Daniels Midland Company 3. Kemin Industries, Inc 4. Givaudan 5. Synthite Industries Ltd. 6. Finlays 7. Iff-Frutarom 8. Martin Bauer Group 9. A. Holliday & Company 10. Indena S.P.A 11. Futureceutical 12. Amax Nutrasource, Inc. 13. Synergy 14. Cymbio Pharma Pvt. Ltd 15. Teawolf 16. Phyto Lifesciences Pvt. Ltd 17. Taiyo International 18. Avt Tea Services Limited 19. Haelssen & Lyon GmbH 20. Harrisons Tea Frequently Asked Questions: 1] What segments are covered in the Green Tea Extract Market report? Ans. The segments covered in the Green Tea Extract Market report are based on Product and Application. 2] Which region is expected to hold the highest share in the Green Tea Extract Market? Ans. The Asia Pacific region is expected to hold the highest share in the Green Tea Extract Market. 3] What is the market size of the Green Tea Extract Market by 2029? Ans. The market size of the Green Tea Extract Market is expected to be 5.02 Bn. by 2029. 4] What is the forecast period for the Green Tea Extract Market? Ans. The forecast period for the Green Tea Extract Market is 2023-2029. 5] What was the market size of the Green Tea Extract market in 2022? Ans. The market size of the Green Tea Extract market in 2022 was US$ 3.10 Bn.
1. Green Tea Extract Market Size: Research Methodology 2. Green Tea Extract Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Green Tea Extract Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Green Tea Extract Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Green Tea Extract Market Size Segmentation 4.1. Green Tea Extract Market Size, by Product (2022-2029) • Tea Polyphenols • Tea Catechins • Epigallocatechin Gallate (EGCG) • Caffeine 4.2. Green Tea Extract Market Size, by Application (2022-2029) • Pharmaceuticals • Food & Beverages • RTD Teas • Functional Foods • Dietary Supplements • Cosmetics 5. North America Green Tea Extract Market (2022-2029) 5.1. Green Tea Extract Market Size, by Product (2022-2029) • Tea Polyphenols • Tea Catechins • Epigallocatechin Gallate (EGCG) • Caffeine 5.2. Green Tea Extract Market Size, by Application (2022-2029) • Pharmaceuticals • Food & Beverages • RTD Teas • Functional Foods • Dietary Supplements • Cosmetics 5.3. North America Green Tea Extract Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Green Tea Extract Market (2022-2029) 6.1. European Green Tea Extract Market, by Product (2022-2029) 6.2. European Green Tea Extract Market, by Application (2022-2029) 6.3. European Green Tea Extract Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Green Tea Extract Market (2022-2029) 7.1. Asia Pacific Green Tea Extract Market, by Product (2022-2029) 7.2. Asia Pacific Green Tea Extract Market, by Application (2022-2029) 7.3. Asia Pacific Green Tea Extract Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Green Tea Extract Market (2022-2029) 8.1. The Middle East and Africa Green Tea Extract Market, by Product (2022-2029) 8.2. The Middle East and Africa Green Tea Extract Market, by Application (2022-2029) 8.3. The Middle East and Africa Green Tea Extract Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Green Tea Extract Market (2022-2029) 9.1. Latin America Green Tea Extract Market, by Product (2022-2029) 9.2. Latin America Green Tea Extract Market, by Application (2022-2029) 9.3. Latin America Green Tea Extract Market, by Country (2022-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Dupont 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Archer Daniels Midland Company 10.3. Kemin Industries, Inc 10.4. Givaudan 10.5. Synthite Industries Ltd. 10.6. Finlays 10.7. Iff-Frutarom 10.8. Martin Bauer Group 10.9. A. Holliday & Company 10.10. Indena S.P.A 10.11. Futureceutical 10.12. Amax Nutrasource, Inc. 10.13. Synergy 10.14. Cymbio Pharma Pvt. Ltd 10.15. Teawolf 10.16. Phyto Lifesciences Pvt. Ltd 10.17. Taiyo International 10.18. Avt Tea Services Limited 10.19. Haelssen & Lyon GmbH 10.20. Harrisons Tea
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