茶エキス市場 – 2030年の世界予測

Tea Extracts Market - Global Forecast To 2030

茶エキス市場 - 原料(緑茶、紅茶、ウーロン茶、その他の茶葉)、用途(食品・飲料、医薬品・栄養補助食品、化粧品・パーソナルケア)、形態、カテゴリー、技術、地域別 - 2030年の世界予測
Tea Extract Market by Source (Green Tea, Black Tea, Oolong Tea and Other Tea Sources), Application (Food & Beverage, Pharmaceuticals & Dietary Supplements, Cosmetics & Personal Care), Form, Category, Technology, and Region - Global Forecast 2030

商品番号 : SMB-76923

出版社MarketsandMarkets
出版年月2025年3月
ページ数227
図表数236
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The tea extract market is estimated at USD 2.99 billion in 2025 and is projected to reach USD 4.36 billion by 2030, at a CAGR of 7.8% from 2025 to 2030. This growth is fueled by the rising demand for natural and organic ingredients in various industries, including food and beverage, pharmaceuticals, and cosmetics.

茶エキス市場は2025年に29億9,000万米ドルに達すると推定され、2025年から2030年にかけて7.8%のCAGRで成長し、2030年には43億6,000万米ドルに達すると予測されています。この成長は、食品・飲料、医薬品、化粧品など、さまざまな業界における天然および有機原料の需要の高まりによって推進されています。

The global tea extract market is gaining traction due to the versatility of tea extracts in different applications. Green tea, black tea, and oolong tea extracts are increasingly being incorporated into dietary supplements, functional foods, and skincare products. The health benefits associated with tea extracts, such as improved metabolism, enhanced immune function, and anti-aging properties, are driving their adoption across diverse consumer segments.

茶抽出物の多様な用途への応用により、世界の茶抽出物市場は急速に成長しています。緑茶、紅茶、ウーロン茶の抽出物は、栄養補助食品、機能性食品、スキンケア製品への配合がますます増えています。代謝の改善、免疫機能の強化、抗老化作用といった茶抽出物の健康効果は、多様な消費者層への普及を促進しています。

茶エキス市場 - 2030年の世界予測
tea-extract-market

The shift towards healthier lifestyles and the preference for natural products over synthetic alternatives are key factors propelling the tea extract market. Additionally, advancements in extraction technologies are enabling manufacturers to produce high-quality tea extracts with enhanced efficacy and stability. This is particularly important for the pharmaceutical and cosmetic industries, where the purity and potency of ingredients are critical.

As consumer demand for clean-label and sustainable products continues to rise, the tea extract market is expected to witness further innovation and expansion. Companies are investing in research and development to create new formulations and applications for tea extracts, catering to the evolving preferences of health-conscious consumers. This trend is likely to drive the market’s growth, making tea extracts a valuable component in the global health and wellness industry.

“In the tea extract market, the organic category is experiencing rapid growth and is expected to be the fastest-growing segment in the forecasted period. “

This surge is largely driven by the rising consumer demand for clean-label products and natural ingredients. Health-conscious consumers are increasingly opting for organic tea extracts due to their perceived benefits, including the absence of synthetic pesticides, chemicals, and artificial additives, aligning with their preferences for more natural and sustainable products. Organic tea extracts, derived from sources like green tea, black tea, and oolong tea, are seen as a healthier alternative due to their rich content of antioxidants, polyphenols, and other beneficial compounds. The growing popularity of organic food and beverages, coupled with increasing awareness of environmental sustainability, is propelling the demand for organic tea extracts across various applications such as food & beverage, pharmaceuticals, dietary supplements, and cosmetics. The premium pricing associated with organic products, along with the growing focus on ethical sourcing and environmentally friendly farming practices, has further boosted this segment. As a result, companies are investing in the organic tea extract market, developing innovative products to cater to the evolving preferences of health-conscious consumers worldwide.

“In the tea extract market, the food & beverage application segment holds the largest market share, driven by the increasing use of tea extracts in a wide range of consumable products. “

Tea extracts, derived from green tea, black tea, oolong tea, and other tea sources, are valued for their health benefits, rich flavor profiles, and natural functional properties, making them a popular ingredient in the food and beverage industry.

Tea extracts are widely incorporated into products like ready-to-drink beverages, teas, soft drinks, energy drinks, and flavored waters. These extracts offer a concentrated source of antioxidants, polyphenols, and catechins, which appeal to health-conscious consumers. The rise in demand for functional and health-enhancing beverages has led to a significant surge in the use of tea extracts in beverages aimed at providing added nutritional value. Additionally, in food applications, tea extracts are being utilized in the production of baked goods, confectioneries, sauces, and dressings, where their natural properties such as antioxidant activity and flavor-enhancing capabilities are leveraged. The increasing awareness of the health benefits associated with tea extracts, such as anti-inflammatory and anti-aging properties, has further fueled their demand in both food and beverage sectors.

As consumers continue to seek healthier alternatives, natural ingredients, and functional foods, the food & beverage application segment of the tea extract market is expected to witness sustained growth, driven by innovation and the development of new product formulations that cater to evolving consumer preferences.

茶エキス市場 - 2030年の世界予測 region
tea-extract-market-region

The Europe is expected to be the fastest growing region during the forecasted period in the tea extract market. The rising consumer demand for natural and health-oriented food and beverages has significantly contributed to this growth. European consumers are becoming more health-conscious, seeking functional foods and beverages that offer nutritional benefits while aligning with sustainable and clean-label trends. The increasing popularity of green tea, black tea, and herbal tea extracts in a variety of beverages, including energy drinks, flavored water, and ready-to-drink teas, is particularly notable in Europe. The European market is witnessing a surge in the use of tea extracts due to their rich antioxidant content and perceived health benefits, such as enhancing digestion, reducing stress, and supporting weight management. Moreover, the region’s focus on organic and natural ingredients has led to a higher demand for tea extracts sourced from sustainable and organic cultivation practices. Organic tea extracts, in particular, are seeing robust growth due to the European Union’s stringent regulations on food safety and preference for clean-label products. The increasing innovation by food and beverage manufacturers, along with the introduction of new products featuring tea extracts as a key ingredient, is further driving the expansion of the market in Europe. This trend is expected to continue as consumers prioritize health, wellness, and sustainability, making Europe the fastest-growing region in the tea extract market for the food & beverage application segment.

The break-up of the profile of primary participants in the tea extract market:

  • By Company Type: Tier 1 – 40%, Tier 2 – 20%, and Tier 3 – 40%
  • By Designation: CXOs– 26%, Managers – 30%, Executives- 44%
  • By Region: North America – 20%, Europe – 20%, Asia Pacific – 40%, South America – 10% and Rest of the World – 10%

Prominent companies include includes ADM (US), Kemin Industries, Inc. (US), Givaudan (Switzerland), Synthite Industries Ltd (India), International Flavors & Fragrances Inc. (US), The Nature Network (UK), Finlays (UK), Taiyo International (Japan), Plant Lipids Private Limited (India), Indena S.p.A. (Italy), VDF FutureCeuticals, Inc. (US), UmangGlobal (India), Synergy Flavors, Inc. (US), Karle Group of Companies (India), AVT Naturals (India) and among others.

茶エキス市場 - 2030年の世界予測 ecosystem
tea-extract-market-ecosystem

Research Coverage:

This research report categorizes the tea extract market By Source (Green Tea, Black Tea, Oolong Tea And Other Tea Sources), Application (Food & Beverage, Pharmaceuticals & Dietary Supplements, Cosmetics & Personal Care), Form (Liquid, Powder, Encapsulated), Category (Organic, Conventional), Technology And Region (North America, Europe, Asia Pacific, South America, and Rest of the World).

The report covers information about the key factors, such as drivers, restraints, opportunities, and challenges impacting the growth of the tea extract market. It also provides a detailed analysis of the major players in the market, including their business overview, products offered; key strategies; partnerships, new product launches, expansions, and acquisitions. Competitive benchmarking of upcoming startups in the tea extract market is covered in this report.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall tea extract market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Growing consumer demand for natural ingredients and increased awareness of the health benefits of tea extracts such as antioxidants), restraints (High costs of organic tea extracts and seasonal fluctuations in tea crop yields affecting production), opportunities (Rising popularity of ready-to-drink beverages and expanding applications of tea extracts in functional foods and beverages), and challenges (Limited awareness about the varied uses of tea extracts in certain developing regions and price-sensitive consumer base) influencing the growth of the tea extract market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the tea extract market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the tea extract market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the tea extract market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading tea extract market players such as ADM (US), Kemin Industries, Inc. (US), Givaudan (Switzerland), Synthite Industries Ltd (India), International Flavors & Fragrances Inc. (US), The Nature Network (UK), Finlays (UK), Taiyo International (Japan), Plant Lipids Private Limited (India), Indena S.p.A. (Italy), VDF FutureCeuticals, Inc. (US), UmangGlobal (India), Synergy Flavors, Inc. (US), Karle Group of Companies (India), AVT Naturals (India) among others. The report also helps stakeholders understand the tea extract market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1               INTRODUCTION              24

1.1           STUDY OBJECTIVES       24

1.2           MARKET DEFINITION   24

1.3           STUDY SCOPE   25

1.3.1        INCLUSIONS AND EXCLUSIONS 26

1.3.2        YEARS CONSIDERED      26

1.3.3        CURRENCY CONSIDERED            27

1.3.4        UNIT CONSIDERED        27

1.4           STAKEHOLDERS               28

1.5           SUMMARY OF CHANGES               28

2               RESEARCH METHODOLOGY       29

2.1           RESEARCH DATA              29

2.1.1        SECONDARY DATA          29

2.1.1.1    List of key secondary sources              30

2.1.1.2    Key data from secondary sources       30

2.1.2        PRIMARY DATA 30

2.1.2.1    Key primary participants     30

2.1.2.2    Key data from primary sources           31

2.1.2.3    Key industry insights           33

2.1.2.4    Breakdown of interviews with experts               33

2.2           MARKET SIZE ESTIMATION         34

2.2.1        BOTTOM-UP APPROACH              34

2.2.2        TOP-DOWN APPROACH                35

2.3           GROWTH FORECAST      35

2.4           DATA TRIANGULATION                36

2.5           RESEARCH ASSUMPTIONS           37

2.6           RESEARCH LIMITATIONS             37

2.7           RISK ASSESSMENT           37

2.8           FACTOR ANALYSIS          38

3               EXECUTIVE SUMMARY  39

4               PREMIUM INSIGHTS       44

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TEA EXTRACT MARKET          44

4.2           TEA EXTRACT MARKET, BY KEY COUNTRY          44

4.3           ASIA PACIFIC: TEA EXTRACT MARKET, BY SOURCE AND COUNTRY            45

4.4           TEA EXTRACT MARKET, BY SOURCE       45

4.5           TEA EXTRACT MARKET, BY APPLICATION           46

4.6           TEA EXTRACT MARKET, BY CATEGORY 46

5               MARKET OVERVIEW       47

5.1           INTRODUCTION              47

5.2           MACROECONOMIC OUTLOOK  47

5.2.1        INCREASE IN PER DAY MEDIAN INCOME OR CONSUMPTION                47

5.2.2        INCREASE IN HEALTH EXPENDITURE GLOBALLY                 48

5.3           MARKET DYNAMICS       49

5.3.1        DRIVERS               49

5.3.1.1    Expansion of food & beverage industry             49

5.3.1.2    Surge in global tea production            50

5.3.1.3    Dynamic growth of personal care and cosmetics industry                 50

5.3.2        RESTRAINTS      51

5.3.2.1    Supply chain disruptions in tea industry           51

5.3.2.2    Negative impact of soaring tea price fluctuations            51

5.3.3        OPPORTUNITIES              52

5.3.3.1    Rising demand for tea extracts in pharmaceutical and dietary supplement market               52

5.3.3.2    Growth of organic and specialty tea segments 52

5.3.4        CHALLENGES    52

5.3.4.1    Intensifying competition and high demand for substitutes                 52

5.3.4.2    Climate change impact on tea industry             53

5.4           IMPACT OF GEN AI ON TEA MARKET      53

5.4.1        INTRODUCTION              53

5.4.2        USE OF GEN AI ON TEA EXTRACTS          54

5.4.3        CASE STUDY ANALYSIS 54

5.4.3.1    Gen AI blending innovation into tea industry 54

5.4.4        IMPACT ON TEA EXTRACT MARKET       55

5.4.5        ADJACENT ECOSYSTEM WORKING ON GENERATIVE AI                 55

6               INDUSTRY TRENDS         56

6.1           INTRODUCTION              56

6.2           SUPPLY CHAIN ANALYSIS             56

6.3           VALUE CHAIN ANALYSIS               57

6.3.1        RESEARCH AND DEVELOPMENT               58

6.3.2        SOURCING          58

6.3.3        MANUFACTURING          58

6.3.4        PACKAGING & STORAGE              58

6.3.5        DISTRIBUTION 58

6.3.6        END USE              59

6.4           TRADE ANALYSIS             59

6.4.1        EXPORT SCENARIO (HS CODE 210120)    59

6.4.2        IMPORT SCENARIO (HS CODE 210120)    60

6.5           TECHNOLOGY ANALYSIS             62

6.5.1        KEY TECHNOLOGIES     62

6.5.1.1    Membrane separation          62

6.5.1.2    Supercritical CO₂ extraction               62

6.5.1.3    Enzymatic extraction            62

6.5.2        COMPLEMENTARY TECHNOLOGIES       62

6.5.2.1    Spray drying technology      62

6.5.2.2    High-performance liquid chromatography       63

6.5.3        ADJACENT TECHNOLOGIES       63

6.5.3.1    Nanoemulsions     63

6.5.3.2    Liposomal technology          63

6.6           PRICING ANALYSIS          63

6.6.1        AVERAGE SELLING PRICE TREND, BY KEY PLAYERS, 2024                 63

6.6.2        AVERAGE SELLING PRICE TREND, BY SOURCE, 2020–2024        64

6.6.3        AVERAGE SELLING PRICE TREND, BY REGION, 2020–2024                 65

6.7           ECOSYSTEM ANALYSIS  66

6.7.1        SUPPLY SIDE     66

6.7.2        DEMAND SIDE  66

6.8           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            68

6.9           PATENT ANALYSIS          69

6.10         KEY CONFERENCES AND EVENTS, 2025–2026        72

6.11         TARIFF AND REGULATORY LANDSCAPE               73

6.11.1      TARIFF RELATED TO TEA EXTRACTS     73

6.11.2      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             73

6.12         REGULATORY FRAMEWORK       75

6.12.1      INTRODUCTION              75

6.12.2      NORTH AMERICA             75

6.12.2.1  US           75

6.12.2.2  Canada   76

6.12.2.3  Mexico   76

6.12.3      EUROPE               77

6.12.3.1  UK          77

6.12.3.2  Germany                 77

6.12.4      ASIA PACIFIC     78

6.12.4.1  China      78

6.12.4.2  India       78

6.12.5      SOUTH AMERICA             79

6.12.5.1  Brazil      79

6.12.6      ROW      79

6.12.6.1  South Africa           79

6.13         PORTER’S FIVE FORCES ANALYSIS           80

6.13.1      THREAT OF NEW ENTRANTS      81

6.13.2      THREAT OF SUBSTITUTES          81

6.13.3      BARGAINING POWER OF SUPPLIERS       81

6.13.4      BARGAINING POWER OF BUYERS             81

6.13.5      INTENSITY OF COMPETITIVE RIVALRY 82

6.14         KEY STAKEHOLDERS AND BUYING CRITERIA     82

6.14.1      KEY STAKEHOLDERS IN BUYING PROCESS           82

6.14.2      BUYING CRITERIA           83

6.15         CASE STUDY ANALYSIS 84

6.16         INVESTMENT AND FUNDING SCENARIO               85

7               TEA EXTRACT MARKET, BY SOURCE       86

7.1           INTRODUCTION              87

7.2           BLACK TEA         89

7.2.1        SKIN-ENHANCING PROPERTIES TO BOOST DEMAND IN PERSONAL CARE PRODUCTS     89

7.3           GREEN TEA         90

7.3.1        IMMENSE HEALTH BENEFITS TO BOOST DEMAND IN DIETARY SUPPLEMENTS & NUTRACEUTICALS  90

7.4           OOLONG TEA    92

7.4.1        POTENTIAL MEDICINAL BENEFITS TO DRIVE DEMAND IN PHARMACEUTICAL SECTOR 92

7.5           OTHER TEA SOURCES   94

8               TEA EXTRACT MARKET, BY TECHNOLOGY          96

8.1           INTRODUCTION              96

8.2           SOLVENT EXTRACTION                96

8.3           SUPERCRITICAL FLUID EXTRACTION    96

8.4           ULTRASOUND-ASSISTED EXTRACTION 97

8.5           OTHER EXTRACTING TECHNOLOGIES  97

9               TEA EXTRACT MARKET, BY FORM            98

9.1           INTRODUCTION              99

9.2           LIQUID 100

9.2.1        EASY SOLUBILITY AND ANTIOXIDANT ACTIVITY TO BOOST DEMAND             100

9.3           POWDER              101

9.3.1        INCREASED USED OF FUNCTIONAL FOODS AND COSMETIC PRODUCTS TO DRIVE MARKET          101

9.4           ENCAPSULATED               102

9.4.1        LONGER SHELF LIFE AND TARGETED DELIVERY TO BOOST DEMAND IN PHARMACEUTICAL INDUSTRY        102

10            TEA EXTRACT MARKET, BY CATEGORY 103

10.1         INTRODUCTION              104

10.2         ORGANIC TEA EXTRACT               105

10.2.1      CHEMICAL-FREE NATURAL OPTION TO BOOST DEMAND FOR PREMIUM PRODUCTS      105

10.3         CONVENTIONAL TEA EXTRACT                106

10.3.1      WIDE AVAILABILITY AND AFFORDABILITY TO DRIVE MARKET               106

11            TEA EXTRACT MARKET, BY APPLICATION           108

11.1         INTRODUCTION              109

11.2         FOOD & BEVERAGE        110

11.2.1      FUNCTIONAL BEVERAGES           112

11.2.1.1  Increased consumption for enhanced metabolism to drive demand  112

11.2.2      CARBONATED & SOFT DRINKS 112

11.2.2.1  Rising use in sparkling teas and low-calorie sodas to drive market                 112

11.2.3      BAKERY & CONFECTIONARY      112

11.2.3.1  Wide use in cookies, baked goods, and gummies to drive market                 112

11.2.4      DAIRY PRODUCTS           113

11.2.4.1  Rising demand for probiotic-rich and plant-based dairy alternatives to drive market                 113

11.2.5      OTHER FOODS & BEVERAGES    113

11.3         PHARMACEUTICALS & DIETARY SUPPLEMENTS                 113

11.3.1      HERBAL MEDICINES       115

11.3.1.1  Increased awareness of health benefits to drive market 115

11.3.2      THERAPEUTIC PRODUCTS          115

11.3.2.1  Rising need for plant-based medicines to drive market 115

11.3.3      WEIGHT LOSS PRODUCTS           116

11.3.3.1  Increasing use of green tea extract in weight loss products to drive market    116

11.3.4      ANTIOXIDANT SUPPLEMENTS  116

11.3.4.1  Antioxidant properties of tea extract to boost demand  116

11.3.5      OTHER PHARMACEUTICALS & DIETARY SUPPLEMENTS                 116

11.4         COSMETICS & PERSONAL CARE 117

11.4.1      ANTI-AGING CREAMS    118

11.4.1.1  Antioxidant properties of green tea extract to boost demand                 118

11.4.2      SKIN CARE           119

11.4.2.1  Skin hydration and UV protection properties to drive growth                 119

11.4.3      HAIR CARE          119

11.4.3.1  Anti-hair fall properties of tea extracts to boost demand in hair care products         119

11.4.4      ORAL CARE         119

11.4.4.1  Increased awareness and use of natural oral care products to drive market    119

11.4.5      OTHER COSMETICS & PERSONAL CARE 119

12            TEA EXTRACT MARKET, BY REGION       120

12.1         INTRODUCTION              121

12.2         ASIA PACIFIC     122

12.2.1      CHINA  124

12.2.1.1  Increased demand for natural products and functional beverages to drive market      124

12.2.2      INDIA    125

12.2.2.1  Antioxidant and weight management properties to drive demand in nutraceuticals   125

12.2.3      JAPAN   126

12.2.3.1  Rising demand for extracts in cosmetics and dietary supplements to drive market      126

12.2.4      AUSTRALIA & NEW ZEALAND     127

12.2.4.1  Growth of functional food & beverage sector to drive market                 127

12.2.5      REST OF ASIA PACIFIC   128

12.3         NORTH AMERICA             129

12.3.1      US           129

12.3.1.1  Rising prevalence of obesity to boost demand for tea extracts in weight management             129

12.3.2      CANADA               130

12.3.2.1  Rising demand for tea extracts in health supplements to drive market    130

12.3.3      MEXICO                131

12.3.3.1  Growth of health & wellness sector to drive market        131

12.4         EUROPE               132

12.4.1      GERMANY           133

12.4.1.1  High consumer demand and strong purchasing power to drive market    133

12.4.2      UK          134

12.4.2.1  Consumer awareness and increased investment in personal care industry to drive market      134

12.4.3      FRANCE                135

12.4.3.1  Consumer demand for natural and sustainable products to drive market    135

12.4.4      SPAIN    136

12.4.4.1  Rapid developments in research and investments in pharmaceutical industry to drive market          136

12.4.5      ITALY    137

12.4.5.1  Trend for natural and healthy foods to drive market      137

12.4.6      REST OF EUROPE             138

12.5         SOUTH AMERICA             139

12.5.1      BRAZIL 139

12.5.1.1  Flavor-enhancing and health-boosting properties to drive demand for tea extracts in food industry          139

12.5.2      ARGENTINA       140

12.5.2.1  Rising obesity and need for weight management to boost demand for tea extracts      140

12.5.3      REST OF SOUTH AMERICA           141

12.6         REST OF THE WORLD    142

12.6.1      MIDDLE EAST   143

12.6.1.1  Increasing consumer demand for functional beverages to drive market    143

12.6.2      AFRICA 144

12.6.2.1  Growth of personal care & cosmetics industry to drive market                 144

13            COMPETITIVE LANDSCAPE         145

13.1         OVERVIEW          145

13.2         KEY PLAYER STRATEGIES/RIGHT TO WIN            145

13.3         ANNUAL REVENUE ANALYSIS, 2019–2023                147

13.4         MARKET SHARE ANALYSIS, 2024                 148

13.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 149

13.5.1      STARS   149

13.5.2      EMERGING LEADERS     149

13.5.3      PERVASIVE PLAYERS      150

13.5.4      PARTICIPANTS 150

13.5.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         151

13.5.5.1  Company footprint               151

13.5.5.2  Regional footprint                 152

13.5.5.3  Source footprint    153

13.5.5.4  Application footprint            153

13.6         COMPANY EVALUATION MATRIX: START-UPS/SMES, 2024        154

13.6.1      PROGRESSIVE COMPANIES         154

13.6.2      RESPONSIVE COMPANIES            154

13.6.3      DYNAMIC COMPANIES  154

13.6.4      STARTING BLOCKS         154

13.6.5      COMPETITIVE BENCHMARKING: START-UPS/SMES, 2024        156

13.6.5.1  Detailed list of key start-ups/SMEs  156

13.6.5.2  Competitive benchmarking of key start-ups/SMEs        157

13.7         COMPANY VALUATION AND FINANCIAL METRICS                 158

13.8         BRAND/PRODUCT COMPARATIVE ANALYSIS     160

13.9         COMPETITIVE SCENARIO AND TRENDS                162

13.9.1      PRODUCT LAUNCHES AND ENHANCEMENTS    162

13.9.2      DEALS  162

13.9.3      EXPANSIONS     163

14            COMPANY PROFILES      166

14.1         KEY PLAYERS     166

14.1.1      ADM      166

14.1.1.1  Business overview 166

14.1.1.2  Products/Solutions/Services offered 167

14.1.1.3  MnM view              168

14.1.1.3.1                Right to win           168

14.1.1.3.2                Strategic choices   168

14.1.1.3.3                Weaknesses and competitive threats 168

14.1.2      INTERNATIONAL FLAVORS & FRAGRANCES INC.                 169

14.1.2.1  Business overview 169

14.1.2.2  Products/Solutions/Services offered 170

14.1.2.3  Recent developments           171

14.1.2.3.1                Expansions             171

14.1.2.4  MnM view              172

14.1.2.4.1                Right to win           172

14.1.2.4.2                Strategic choices   172

14.1.2.4.3                Weaknesses and competitive threats 172

14.1.3      GIVAUDAN         173

14.1.3.1  Business overview 173

14.1.3.2  Products/Solutions/Services offered 174

14.1.3.3  Recent developments           175

14.1.3.3.1                Expansions             175

14.1.3.4  MnM view              176

14.1.3.4.1                Right to win           176

14.1.3.4.2                Strategic choices   176

14.1.3.4.3                Weaknesses and competitive threats 176

14.1.4      SYNTHITE INDUSTRIES LTD.      177

14.1.4.1  Business overview 177

14.1.4.2  Products/Solutions/Services offered 177

14.1.4.3  MnM view              179

14.1.4.3.1                Right to win           179

14.1.4.3.2                Strategic choices   179

14.1.4.3.3                Weaknesses and competitive threats 179

14.1.5      FINLAYS               180

14.1.5.1  Business overview 180

14.1.5.2  Products/Solutions/Services offered 180

14.1.5.3  Recent developments           181

14.1.5.3.1                Product launches  181

14.1.5.3.2                Deals      182

14.1.5.4  MnM view              182

14.1.5.4.1                Right to win           182

14.1.5.4.2                Strategic choices   182

14.1.5.4.3                Weaknesses and competitive threats 183

14.1.6      THE NATURE NETWORK               184

14.1.6.1  Business overview 184

14.1.6.2  Products/Solutions/Services offered 184

14.1.6.3  Recent developments           185

14.1.6.3.1                Expansions             185

14.1.6.3.2                Deals      185

14.1.6.4  MnM view              185

14.1.7      KEMIN INDUSTRIES, INC.              186

14.1.7.1  Business overview 186

14.1.7.2  Products/Solutions/Services offered 186

14.1.7.3  Recent developments           187

14.1.7.3.1                Expansions             187

14.1.7.4  MnM view              187

14.1.8      CARBERY FOOD INGREDIENTS LIMITED               188

14.1.8.1  Business overview 188

14.1.8.2  Products/Solutions/Services offered 189

14.1.8.3  Recent developments           189

14.1.8.3.1                Expansions             189

14.1.8.3.2                Deals      189

14.1.8.4  MnM view              190

14.1.9      A.V. THOMAS AND COMPANY LIMITED 191

14.1.9.1  Business overview 191

14.1.9.2  Products/Solutions/Services offered 192

14.1.9.3  MnM view              192

14.1.10   KARLE GROUP OF COMPANIES 193

14.1.10.1                 Business overview 193

14.1.10.2                 Products/Solutions/Services offered 193

14.1.10.3                 MnM view              194

14.1.11   TAIYO KAGAKU CO., LTD.            195

14.1.11.1                 Business overview 195

14.1.11.2                 Products/Solutions/Services offered 195

14.1.11.3                 MnM view              197

14.1.12   PLANT LIPIDS PRIVATE LIMITED             198

14.1.12.1                 Business overview 198

14.1.12.2                 Products/Solutions/Services offered 198

14.1.12.3                 MnM view              199

14.1.13   INDENA S.P.A.   200

14.1.13.1                 Business overview 200

14.1.13.2                 Products/Solutions/Services offered 200

14.1.13.3                 MnM view              201

14.1.14   VDF FUTURECEUTICALS, INC.   202

14.1.14.1                 Business overview 202

14.1.14.2                 Products/Solutions/Services offered 202

14.1.14.3                 MnM view              203

14.1.15   UMANG GLOBAL GROUP PVT. LTD.        204

14.1.15.1                 Business overview 204

14.1.15.2                 Products/Solutions/Services offered 204

14.1.15.3                 MnM view              205

14.2         OTHER PLAYERS              206

14.2.1      HÄLSSEN & LYON             206

14.2.1.1  Business overview 206

14.2.1.2  Products/Solutions/Services offered 206

14.2.1.3  MnM view              207

14.2.2      MEDIKONDA NUTRIENTS            208

14.2.2.1  Business overview 208

14.2.2.2  Products/Solutions/Services offered 208

14.2.2.3  MnM view              209

14.2.3      PURE & GREEN LIFE INC.              210

14.2.3.1  Business overview 210

14.2.3.2  Products/Solutions/Services offered 210

14.2.3.3  MnM view              210

14.2.4      LIABLE ESSENTIAL OIL PRODUCTS PRIVATE LIMITED                 211

14.2.4.1  Business overview 211

14.2.4.2  Products/Solutions/Services offered 211

14.2.4.3  MnM view              211

14.2.5      NR GROUP          212

14.2.5.1  Business overview 212

14.2.5.2  Products/Solutions/Services offered 212

14.2.5.3  MnM view              212

14.2.6      AKSHAR BIO-SCIENCE   213

14.2.7      PHYTO LIFE SCIENCES P. LTD.  213

14.2.8      NEW DIRECTIONS AROMATICS 214

14.2.9      BOTANIC HEALTHCARE                215

14.2.10   ADVANCED BIOTECH    216

15            ADJACENT & RELATED MARKETS             217

15.1         INTRODUCTION              217

15.2         LIMITATIONS    217

15.3         PLANT EXTRACTS MARKET         217

15.3.1      MARKET DEFINITION   217

15.3.2      MARKET OVERVIEW       218

15.4         FOOD ANTIOXIDANT MARKET  218

15.4.1      MARKET DEFINITION   218

15.4.2      MARKET OVERVIEW       219

16            APPENDIX           220

16.1         DISCUSSION GUIDE        220

16.2         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                223

16.3         CUSTOMIZATION OPTIONS        225

16.4         RELATED REPORTS         225

16.5         AUTHOR DETAILS           226

LIST OF TABLES

TABLE 1                TEA EXTRACT MARKET: INCLUSIONS AND EXCLUSIONS      26

TABLE 2                USD EXCHANGE RATES CONSIDERED, 2020–2024                 27

TABLE 3                TEA EXTRACT MARKET SHARE SNAPSHOT, 2025 VS. 2030 (USD MILLION)                39

TABLE 4               EXPORT SCENARIO FOR HS CODE, BY COUNTRY, 2020–2024 (USD THOUSAND)      60

TABLE 5               EXPORT SCENARIO FOR HS CODE, BY COUNTRY, 2020–2024 (TON)               60

TABLE 6                IMPORT SCENARIO FOR HS CODE 210120, BY COUNTRY,

2020–2024 (USD THOUSAND)      61

TABLE 7                IMPORT SCENARIO OF HS CODE 210120, BY COUNTRY, 2020–2024 (TON)        61

TABLE 8                AVERAGE SELLING PRICE TREND OF TEA EXTRACTS, BY KEY PLAYERS,

2024 (USD/KG)  64

TABLE 9                AVERAGE SELLING PRICE TREND, BY SOURCE, 2020–2024 (USD/TONS)  64

TABLE 10              AVERAGE SELLING PRICE TREND, BY REGION, 2020–2024 (USD/TONS)  65

TABLE 11              ROLE OF COMPANIES IN ECOSYSTEM    67

TABLE 12              PATENTS PERTAINING TO TEA EXTRACT MARKET AND RELATED PATENTS,

2021–2025              70

TABLE 13              TEA EXTRACT MARKET: KEY CONFERENCES AND EVENTS, 2025–2026                 72

TABLE 14              TEA EXTRACT MARKET: TARIFF FOR HS CODE 210120    73

TABLE 15              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             73

TABLE 16              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 74

TABLE 17              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 74

TABLE 18              SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             74

TABLE 19              ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 75

TABLE 20              IMPACT OF PORTER’S FIVE FORCES ON TEA EXTRACT MARKET          80

TABLE 21              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS  (%)                83

TABLE 22              KEY BUYING CRITERIA FOR TOP THREE SOURCES             84

TABLE 23              FINLAYS ENHANCED CLEAN LABEL WELLNESS MARKET WITH TEA EXTRACTS  84

TABLE 24              MARTIN BAUER GROUP EXPANDS TEA EXTRACT CAPACITY IN HANGZHOU       84

TABLE 25              FINLAYS ACCELERATED INNOVATION STRATEGY BY ACQUIRING NATURAL INSTANT FOODS’S EXTRACTION ASSETS    85

TABLE 26              TEA EXTRACT MARKET, BY SOURCE, 2020–2024 (USD MILLION) 88

TABLE 27              TEA EXTRACT MARKET, BY SOURCE, 2025–2030 (USD MILLION) 88

TABLE 28              TEA EXTRACT MARKET, BY SOURCE, 2020–2024 (TON)   88

TABLE 29              TEA EXTRACT MARKET, BY SOURCE, 2025–2030 (TON)   88

TABLE 30             BLACK TEA: TEA EXTRACT MARKET, BY REGION, 2020–2024 (USD MILLION)            89

TABLE 31             BLACK TEA: TEA EXTRACT MARKET, BY REGION, 2025–2030 (USD MILLION)            89

TABLE 32             BLACK TEA: TEA EXTRACT MARKET, BY REGION, 2020–2024 (TON)               90

TABLE 33             BLACK TEA: TEA EXTRACT MARKET, BY REGION, 2025–2030 (TON)               90

TABLE 34              GREEN TEA: TEA EXTRACT MARKET, BY REGION, 2020–2024 (USD MILLION)          91

TABLE 35              GREEN TEA: TEA EXTRACT MARKET, BY REGION, 2025–2030 (USD MILLION)          91

TABLE 36              GREEN TEA: TEA EXTRACT MARKET, BY REGION, 2020–2024 (TON)             91

TABLE 37              GREEN TEA: TEA EXTRACT MARKET, BY REGION, 2025–2030 (TON)             92

TABLE 38              OOLONG TEA: TEA EXTRACT MARKET, BY REGION, 2020–2024 (USD MILLION)          92

TABLE 39              OOLONG TEA: TEA EXTRACT MARKET, BY REGION, 2025–2030 (USD MILLION)          93

TABLE 40              OOLONG TEA: TEA EXTRACT MARKET, BY REGION, 2020–2024 (TON)             93

TABLE 41              OOLONG TEA: TEA EXTRACT MARKET, BY REGION, 2025–2030 (TON)             93

TABLE 42              OTHER TEA SOURCES: TEA EXTRACT MARKET, BY REGION,

2020–2024 (USD MILLION)            94

TABLE 43              OTHER TEA SOURCES: TEA EXTRACT MARKET, BY REGION,

2025–2030 (USD MILLION)            94

TABLE 44              OTHER TEA SOURCES: TEA EXTRACT MARKET, BY REGION, 2020–2024 (TON)      94

TABLE 45              OTHER TEA SOURCES: TEA EXTRACT MARKET, BY REGION, 2025–2030 (TON)      95

TABLE 46              TEA EXTRACT MARKET, BY FORM, 2020–2024 (USD MILLION) 99

TABLE 47              TEA EXTRACT MARKET, BY FORM, 2025–2030 (USD MILLION) 99

TABLE 48              LIQUID: TEA EXTRACT MARKET, BY REGION, 2020–2024 (USD MILLION)            100

TABLE 49              LIQUID: TEA EXTRACT MARKET, BY REGION, 2025–2030 (USD MILLION)            100

TABLE 50              POWDER: TEA EXTRACT MARKET, BY REGION, 2020–2024 (USD MILLION)            101

TABLE 51              POWDER: TEA EXTRACT MARKET, BY REGION, 2025–2030 (USD MILLION)            101

TABLE 52              ENCAPSULATED: TEA EXTRACT MARKET, BY REGION, 2020–2024 (USD MILLION)          102

TABLE 53              ENCAPSULATED: TEA EXTRACT MARKET, BY REGION, 2025–2030 (USD MILLION)          102

TABLE 54              TEA EXTRACT MARKET, BY CATEGORY, 2020–2024 (USD MILLION)       104

TABLE 55              TEA EXTRACT MARKET, BY CATEGORY, 2025–2030 (USD MILLION)       104

TABLE 56              ORGANIC TEA EXTRACTS: TEA EXTRACT MARKET, BY REGION,

2020–2024 (USD MILLION)            106

TABLE 57              ORGANIC TEA EXTRACTS: TEA EXTRACT MARKET, BY REGION,

2025–2030 (USD MILLION)            106

TABLE 58              CONVENTIONAL TEA EXTRACTS: TEA EXTRACT MARKET, BY REGION,

2020–2024 (USD MILLION)          106

TABLE 59              CONVENTIONAL TEA EXTRACTS: TEA EXTRACT MARKET, BY REGION,

2025–2030 (USD MILLION)            107

TABLE 60              TEA EXTRACT MARKET, BY APPLICATION, 2020–2024 (USD MILLION)       109

TABLE 61              TEA EXTRACT MARKET, BY APPLICATION, 2025–2030 (USD MILLION)       109

TABLE 62              FOOD & BEVERAGE: TEA EXTRACT MARKET, BY REGION,

2020–2024 (USD MILLION)            110

TABLE 63              FOOD & BEVERAGE: TEA EXTRACT MARKET, BY REGION,

2025–2030 (USD MILLION)          111

TABLE 64              FOOD & BEVERAGE: TEA EXTRACT MARKET, BY SUB-APPLICATION,

2020–2024 (USD MILLION)            111

TABLE 65              FOOD & BEVERAGE: TEA EXTRACT MARKET, BY SUB-APPLICATION,

2025–2030 (USD MILLION)          111

TABLE 66              PHARMACEUTICALS & DIETARY SUPPLEMENTS: TEA EXTRACT MARKET,

BY REGION, 2020–2024 (USD MILLION)   114

TABLE 67              PHARMACEUTICALS & DIETARY SUPPLEMENTS: TEA EXTRACT MARKET,

BY REGION, 2025–2030 (USD MILLION) 114

TABLE 68              PHARMACEUTICALS & DIETARY SUPPLEMENTS: TEA EXTRACT MARKET,

BY SUB-APPLICATION, 2020–2024 (USD MILLION)             114

TABLE 69              PHARMACEUTICALS & DIETARY SUPPLEMENTS: TEA EXTRACT MARKET,

BY SUB-APPLICATION, 2025–2030 (USD MILLION)             115

TABLE 70              COSMETICS & PERSONAL CARE: TEA EXTRACT MARKET, BY REGION,

2020–2024 (USD MILLION)            117

TABLE 71              COSMETICS & PERSONAL CARE: TEA EXTRACT MARKET, BY REGION,

2025–2030 (USD MILLION)          117

TABLE 72              COSMETICS & PERSONAL CARE: TEA EXTRACT MARKET, BY SUB-APPLICATION,  2020–2024 (USD MILLION)                 118

TABLE 73              COSMETICS & PERSONAL CARE: TEA EXTRACT MARKET, BY SUB-APPLICATION,  2025–2030 (USD MILLION)                 118

TABLE 74              TEA EXTRACT MARKET, BY REGION, 2020–2024 (USD MILLION) 122

TABLE 75              TEA EXTRACT MARKET, BY REGION, 2025–2030 (USD MILLION) 122

TABLE 76              ASIA PACIFIC: TEA EXTRACT MARKET, BY COUNTRY, 2020–2024 (USD MILLION)     123

TABLE 77              ASIA PACIFIC: TEA EXTRACT MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     124

TABLE 78              CHINA: TEA EXTRACT MARKET, BY SOURCE, 2020–2024 (USD MILLION)            124

TABLE 79              CHINA: TEA EXTRACT MARKET, BY SOURCE, 2025–2030 (USD MILLION)            125

TABLE 80              INDIA: TEA EXTRACT MARKET, BY SOURCE, 2020–2024 (USD MILLION)            125

TABLE 81              INDIA: TEA EXTRACT MARKET, BY SOURCE, 2025–2030 (USD MILLION)            126

TABLE 82              JAPAN: TEA EXTRACT MARKET, BY SOURCE, 2020–2024 (USD MILLION)            126

TABLE 83              JAPAN: TEA EXTRACT MARKET, BY SOURCE, 2025–2030 (USD MILLION)            127

TABLE 84              AUSTRALIA & NEW ZEALAND: TEA EXTRACT MARKET, BY SOURCE,

2020–2024 (USD MILLION)            127

TABLE 85              AUSTRALIA & NEW ZEALAND: TEA EXTRACT MARKET, BY SOURCE,

2025–2030 (USD MILLION)            128

TABLE 86              REST OF ASIA PACIFIC: TEA EXTRACT MARKET, BY SOURCE,

2020–2024 (USD MILLION)            128

TABLE 87              REST OF ASIA PACIFIC: TEA EXTRACT MARKET, BY SOURCE,

2025–2030 (USD MILLION)            128

TABLE 88              NORTH AMERICA: TEA EXTRACT MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            129

TABLE 89              NORTH AMERICA: TEA EXTRACT MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            129

TABLE 90              US: TEA EXTRACT MARKET, BY SOURCE, 2020–2024 (USD MILLION)       130

TABLE 91              US: TEA EXTRACT MARKET, BY SOURCE, 2025–2030 (USD MILLION)       130

TABLE 92              CANADA: TEA EXTRACT MARKET, BY SOURCE, 2020–2024 (USD MILLION)            130

TABLE 93              CANADA: TEA EXTRACT MARKET, BY SOURCE, 2025–2030 (USD MILLION)            131

TABLE 94              MEXICO: TEA EXTRACT MARKET, BY SOURCE, 2020–2024 (USD MILLION)            131

TABLE 95              MEXICO: TEA EXTRACT MARKET, BY SOURCE, 2025–2030 (USD MILLION)            131

TABLE 96              EUROPE: TEA EXTRACT MARKET, BY COUNTRY, 2020–2024 (USD MILLION)            133

TABLE 97              EUROPE: TEA EXTRACT MARKET, BY COUNTRY, 2025–2030 (USD MILLION)            133

TABLE 98              GERMANY: TEA EXTRACT MARKET, BY SOURCE, 2020–2024 (USD MILLION)            134

TABLE 99              GERMANY: TEA EXTRACT MARKET, BY SOURCE, 2025–2030 (USD MILLION)            134

TABLE 100            UK: TEA EXTRACT MARKET, BY SOURCE, 2020–2024 (USD MILLION)       135

TABLE 101            UK: TEA EXTRACT MARKET, BY SOURCE, 2025–2030 (USD MILLION)       135

TABLE 102            FRANCE: TEA EXTRACT MARKET, BY SOURCE, 2020–2024 (USD MILLION)            135

TABLE 103            FRANCE: TEA EXTRACT MARKET, BY SOURCE, 2025–2030 (USD MILLION)            136

TABLE 104            SPAIN: TEA EXTRACT MARKET, BY SOURCE, 2020–2024 (USD MILLION)            136

TABLE 105            SPAIN: TEA EXTRACT MARKET, BY SOURCE, 2025–2030 (USD MILLION)            136

TABLE 106            ITALY: TEA EXTRACT MARKET, BY SOURCE, 2020–2024 (USD MILLION)            137

TABLE 107            ITALY: TEA EXTRACT MARKET, BY SOURCE, 2025–2030 (USD MILLION)            137

TABLE 108            REST OF EUROPE: TEA EXTRACT MARKET, BY SOURCE, 2020–2024 (USD MILLION)         138

TABLE 109            REST OF EUROPE: TEA EXTRACT MARKET, BY SOURCE, 2025–2030 (USD MILLION)         138

TABLE 110            SOUTH AMERICA: TEA EXTRACT MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            139

TABLE 111            SOUTH AMERICA: TEA EXTRACT MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            139

TABLE 112            BRAZIL: TEA EXTRACT MARKET, BY SOURCE, 2020–2024 (USD MILLION)            140

TABLE 113            BRAZIL: TEA EXTRACT MARKET, BY SOURCE, 2025–2030 (USD MILLION)            140

TABLE 114            ARGENTINA: TEA EXTRACT MARKET, BY SOURCE, 2020–2024 (USD MILLION)         141

TABLE 115            ARGENTINA: TEA EXTRACT MARKET, BY SOURCE, 2025–2030 (USD MILLION)         141

TABLE 116            REST OF SOUTH AMERICA: TEA EXTRACT MARKET, BY SOURCE,

2020–2024 (USD MILLION)            141

TABLE 117            REST OF SOUTH AMERICA: TEA EXTRACT MARKET, BY SOURCE,

2025–2030 (USD MILLION)          142

TABLE 118            ROW: TEA EXTRACT MARKET, BY COUNTRY, 2020–2024 (USD MILLION)            142

TABLE 119            ROW: TEA EXTRACT MARKET, BY COUNTRY, 2025–2030 (USD MILLION)            142

TABLE 120            MIDDLE EAST: TEA EXTRACT MARKET, BY SOURCE, 2020–2024 (USD MILLION)         143

TABLE 121            MIDDLE EAST: TEA EXTRACT MARKET, BY SOURCE, 2025–2030 (USD MILLION)         143

TABLE 122            AFRICA: TEA EXTRACT MARKET, BY SOURCE, 2020–2024 (USD MILLION)            144

TABLE 123            AFRICA: TEA EXTRACT MARKET, BY SOURCE, 2025–2030 (USD MILLION)            144

TABLE 124            OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN TEA EXTRACT MARKET        145

TABLE 125            TEA EXTRACT MARKET: DEGREE OF COMPETITION 148

TABLE 126            TEA EXTRACT MARKET: REGIONAL FOOTPRINT                 152

TABLE 127            TEA EXTRACT MARKET: SOURCE FOOTPRINT                 153

TABLE 128            TEA EXTRACT MARKET: APPLICATION FOOTPRINT       153

TABLE 129            TEA EXTRACT MARKET: KEY START-UPS/SMES                 156

TABLE 130            TEA EXTRACT MARKET: COMPETITIVE BENCHMARKING OF

KEY START-UPS/SMES, 2024         157

TABLE 131            TEA EXTRACT MARKET: PRODUCT LAUNCHES AND ENHANCEMENTS,

JANUARY 2021–MARCH 2025         162

TABLE 132            TEA EXTRACT MARKET: DEALS, JANUARY 2021–MARCH 2025       162

TABLE 133            TEA EXTRACT MARKET: EXPANSIONS, JANUARY 2021–MARCH 2025             163

TABLE 134            ADM: COMPANY OVERVIEW       166

TABLE 135            ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED             167

TABLE 136            INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY OVERVIEW        169

TABLE 137            INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED         170

TABLE 138            INTERNATIONAL FLAVORS & FRAGRANCES INC.: EXPANSIONS           171

TABLE 139            GIVAUDAN: COMPANY OVERVIEW          173

TABLE 140            GIVAUDAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED             174

TABLE 141            GIVAUDAN: EXPANSIONS             175

TABLE 142            SYNTHITE INDUSTRIES LTD.: COMPANY OVERVIEW          177

TABLE 143            SYNTHITE INDUSTRIES LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    177

TABLE 144            FINLAYS: COMPANY OVERVIEW                180

TABLE 145            FINLAYS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             180

TABLE 146            FINLAYS: PRODUCT LAUNCHES                181

TABLE 147            FINLAYS: DEALS                182

TABLE 148            THE NATURE NETWORK: COMPANY OVERVIEW                 184

TABLE 149            THE NATURE NETWORK: PRODUCTS/SOLUTIONS/SERVICES OFFERED    184

TABLE 150            THE NATURE NETWORK: EXPANSIONS 185

TABLE 151            THE NATURE NETWORK: DEALS               185

TABLE 152            KEMIN INDUSTRIES, INC.: COMPANY OVERVIEW                 186

TABLE 153            KEMIN INDUSTRIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    186

TABLE 154            KEMIN INDUSTRIES, INC.: EXPANSIONS 187

TABLE 155            CARBERY FOOD INGREDIENTS LIMITED: COMPANY OVERVIEW   188

TABLE 156            CARBERY FOOD INGREDIENTS LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED    189

TABLE 157            CARBERY FOOD INGREDIENTS LIMITED: EXPANSIONS     189

TABLE 158            CARBERY FOOD INGREDIENTS LIMITED: DEALS                 189

TABLE 159            A.V. THOMAS AND COMPANY LIMITED: COMPANY OVERVIEW   191

TABLE 160            A.V. THOMAS AND COMPANY LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED    192

TABLE 161            KARLE GROUP OF COMPANIES: COMPANY OVERVIEW          193

TABLE 162            KARLE GROUP OF COMPANIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    193

TABLE 163            TAIYO KAGAKU CO., LTD.: COMPANY OVERVIEW          195

TABLE 164            TAIYO KAGAKU CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    195

TABLE 165            PLANT LIPIDS PRIVATE LIMITED: COMPANY OVERVIEW          198

TABLE 166            PLANT LIPIDS PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED    198

TABLE 167            INDENA S.P.A.: COMPANY OVERVIEW    200

TABLE 168            INDENA S.P.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    200

TABLE 169            VDF FUTURECEUTICALS, INC.: COMPANY OVERVIEW          202

TABLE 170            VDF FUTURECEUTICALS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    202

TABLE 171            UMANG GLOBAL GROUP PVT. LTD.: COMPANY OVERVIEW          204

TABLE 172            UMANG GLOBAL GROUP PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    204

TABLE 173            HÄLSSEN & LYON: COMPANY OVERVIEW                 206

TABLE 174            HÄLSSEN & LYON: PRODUCTS/SOLUTIONS/SERVICES OFFERED    206

TABLE 175            MEDIKONDA NUTRIENTS: COMPANY OVERVIEW          208

TABLE 176            MEDIKONDA NUTRIENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    208

TABLE 177            PURE & GREEN LIFE INC.: COMPANY OVERVIEW                 210

TABLE 178            PURE & GREEN LIFE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    210

TABLE 179            LIABLE ESSENTIAL OIL PRODUCTS PRIVATE LIMITED: COMPANY OVERVIEW               211

TABLE 180            LIABLE ESSENTIAL OIL PRODUCTS PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 211

TABLE 181            NR GROUP: COMPANY OVERVIEW           212

TABLE 182            NR GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED             212

TABLE 183            ADJACENT MARKETS     217

TABLE 184            PLANT EXTRACTS MARKET, BY FORM, 2016–2021 (USD MILLION) 218

TABLE 185            PLANT EXTRACTS MARKET, BY FORM, 2022–2027 (USD MILLION) 218

TABLE 186            FOOD ANTIOXIDANT MARKET, BY FORM, 2018–2022 (USD MILLION)       219

TABLE 187            FOOD ANTIOXIDANT MARKET, BY FORM, 2023–2028 (USD MILLION)       219

LIST OF FIGURES

FIGURE 1              TEA EXTRACT MARKET SEGMENTATION AND REGIONAL SCOPE            25

FIGURE 2              TEA EXTRACT MARKET: RESEARCH DESIGN                 29

FIGURE 3              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE) COLLECTIVE REVENUE OF ALL PRODUCTS         34

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE)   35

FIGURE 5              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (TOP-DOWN)         35

FIGURE 6              TEA EXTRACT MARKET: DATA TRIANGULATION             36

FIGURE 7              GREEN TEA SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD     40

FIGURE 8              FOOD & BEVERAGE APPLICATION TO ACCOUNT FOR LARGEST MARKET SHARE

IN 2030  41

FIGURE 9              CONVENTIONAL CATEGORY TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD   42

FIGURE 10            ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2024 43

FIGURE 11            INCREASING DEMAND FOR READY-TO-DRINK BEVERAGES TO PROPEL GROWTH           44

FIGURE 12            US ACCOUNTED FOR LARGEST MARKET SHARE IN 2024  44

FIGURE 13            CHINA AND GREEN TEA SOURCE SEGMENT ACCOUNT FOR SIGNIFICANT SHARES

IN 2025  45

FIGURE 14            GREEN TEA SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       45

FIGURE 15            FOOD & BEVERAGE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD    46

FIGURE 16            CONVENTIONAL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD    46

FIGURE 17            DAILY MEDIAN INCOME/CONSUMPTION BY COUNTRIES, 2013 VS. 2023             47

FIGURE 18            GLOBAL HEALTH EXPENDITURE, 2012–2021                 48

FIGURE 19            TEA EXTRACT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES          49

FIGURE 20            TEA PRODUCTION DATA IN MILLION TONS, 2018 VS. 2022       50

FIGURE 21            ADOPTION OF GEN AI IN TEA EXTRACTS                 54

FIGURE 22            TEA EXTRACT MARKET: SUPPLY CHAIN ANALYSIS            57

FIGURE 23            TEA EXTRACT MARKET: VALUE CHAIN ANALYSIS            58

FIGURE 24            EXPORT DATA FOR HS CODE 210120, BY COUNTRY,

2020–2024 (USD THOUSAND)      59

FIGURE 25            IMPORT DATA FOR HS CODE 210120, BY COUNTRY,

2020–2024 (USD THOUSAND)      61

FIGURE 26            AVERAGE SELLING PRICE TREND OF TEA EXTRACTS, BY KEY PLAYERS, 2024            64

FIGURE 27            AVERAGE SELLING PRICE TREND, BY SOURCE, 2020–2024              65

FIGURE 28            AVERAGE SELLING PRICE TREND, BY REGION, 2020–2024 (USD/TONS)  66

FIGURE 29            TEA EXTRACT MARKET: ECOSYSTEM     67

FIGURE 30            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   68

FIGURE 31            PATENTS APPLIED AND GRANTED, 2015–2024                 69

FIGURE 32            REGIONAL ANALYSIS OF PATENTS GRANTED FOR TEA EXTRACT MARKET,

2015–2024              70

FIGURE 33            PORTER’S FIVE FORCES ANALYSIS: TEA EXTRACT MARKET          80

FIGURE 34            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS           83

FIGURE 35            KEY BUYING CRITERIA FOR TOP THREE SOURCES             83

FIGURE 36            INVESTMENT AND FUNDING SCENARIO, 2020–2024        85

FIGURE 37            DIFFERENT TEA SOURCE CULTIVATION IN CHINA, 2023        87

FIGURE 38            TEA EXTRACT MARKET, BY SOURCE, 2025 VS. 2030 (USD MILLION)       87

FIGURE 39            TEA EXTRACT MARKET, BY FORM, 2025 VS. 2030 (USD MILLION) 99

FIGURE 40            TEA EXTRACT MARKET, BY CATEGORY, 2025 VS. 2030 (USD MILLION)       104

FIGURE 41            TEA EXTRACT MARKET, BY APPLICATION, 2025 VS. 2030 (USD MILLION)                109

FIGURE 42            TEA PRODUCTION DATA, BY COUNTRY, 2023                 110

FIGURE 43            INDIA TO RECORD FASTEST GROWTH FROM 2025 TO 2030       121

FIGURE 44            ASIA PACIFIC: MARKET SNAPSHOT          123

FIGURE 45            EUROPE: MARKET SNAPSHOT   132

FIGURE 46           ANNUAL REVENUE ANALYSIS FOR KEY PLAYERS, 2019–2023 (USD BILLION)             147

FIGURE 47            TEA EXTRACT MARKET SHARE ANALYSIS, 2024                 148

FIGURE 48            TEA EXTRACT MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024         150

FIGURE 49            TEA EXTRACT MARKET: COMPANY FOOTPRINT                 151

FIGURE 50            TEA EXTRACT MARKET: COMPANY EVALUATION MATRIX (START-UPS/SMES), 2024                155

FIGURE 51            COMPANY VALUATION OF KEY VENDORS                 158

FIGURE 52            FINANCIAL METRICS OF KEY VENDORS 158

FIGURE 53            YEAR-TO-DATE PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS    159

FIGURE 54            TEA EXTRACT MARKET: BRAND/PRODUCT COMPARISON   160

FIGURE 55            ADM: COMPANY SNAPSHOT       167

FIGURE 56            INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT        170

FIGURE 57            GIVAUDAN: COMPANY SNAPSHOT          174

FIGURE 58            CARBERY FOOD INGREDIENTS LIMITED: COMPANY SNAPSHOT   188

FIGURE 59            A.V. THOMAS AND COMPANY LIMITED: COMPANY SNAPSHOT   191