The global Black Tea Ingredients Market research report 2029, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Black Tea Ingredients market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that the black tea ingredients market which was valued at USD 398.1 million in 2021 is expected to reach the value of USD 684.01 million by 2029, at a CAGR of 7.00% during the forecast period.
Top Companies in the Global Black Tea Ingredients Market:
Tata Consumer Product Limited (India), Unilever (U.K.), Associated British Foods plc (U.K.), Vahdam (India), Celestial Seasonings (U.S.), Bombay Burmah Trading Corporation Limited (India), Stash Tea (U.S.), Bigelow Tea (U.S.), Shangri-la Tea (U.S.), Yogi (U.S.), Mighty Leaf Tea (Canada), Numi, Inc. P.B.C (U.S.), among others.
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Market Segmentation:
The black tea ingredients market is segmented on the basis of form, type, product, and application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- India's Assam Black Tea
- India's Darjeeling Black Tea
- India's Nilgiri Black Tea
- Sri Lanka's Ceylon Black Tea
- China's Keemun Black Tea
- China's Yunnan Black Tea
- Africa's Kenyan Black Tea
Form
- Powder
- Liquid
- Encapsulated
Product
- Hot Water Soluble
- Cold Water Soluble
Application
- Functional Food
- Beverages
- Cosmetics
- Beauty Supplements
Distribution channel
- Hypermarket/Supermarket
- Convenience Store
- Drug Stores
- Specialty Stores
- Traditional Grocery Store
- Online Stores
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Asia-Pacific black tea ingredients market is expected to account for a sizable portion of the target market's revenue. Tea production and sales in the region's countries China, Japan, and India are expected to drive market growth in Asia-Pacific, owing to the products' anti-aging and detoxifying properties, as well as rising tea consumption among people of all ages and genders. An increase in the number of retail tea outlets is another factor expected to drive target market growth.
North America market is expected to grow at a faster rate due to increased green tea demand and consumption, as well as higher per capita tea consumption in the region, which is expected to be a major factor driving North America black tea ingredients.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Market Dynamics
Drivers
- Rising consumption of tea among the population
Growing global demand for and adoption of black tea ingredients due to their natural content and medicinal properties is expected to drive the growth of the global black tea ingredients market over the forecast period. Rising tea consumption in corporate offices, cafes, and homes is also expected to fuel target market growth.
- Shift in the lifestyle as well as growing demand from the personal care industry
An increasing working population, rising demand for ready-to-use products, and expanding retail markets are some of the factors expected to drive global market growth during the forecast period. The rising popularity of tea as a natural ingredient in personal care products is expected to drive growth in the global black tea ingredients market. Rising disposable income, rising food and beverage expenditure, and rising consumer awareness of healthy lifestyles are all expected to drive market growth for black tea ingredients.
Opportunities
- High demand for clean label products
In recent years, it has been observed that consumers are becoming more aware of the products they purchase and the origins of their purchases. This is especially true in the food and beverage supply chain. As a result, customers are eager to locate certified organic tea products to ensure their purchases' legitimacy. Concerns among consumers about poverty, social injustice, and environmental degradation have fuelled a growing market for "certified" and "sustainable" food and beverage brands and labels.
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