Asia Pacific Tea Extracts Market Forecast to 2031 – Regional Analysis – by Type (Green Tea, Black Tea, Oolong Tea, and Others), Category (Conventional and Organic), Form (Powder and Liquid), and Application (Food and Beverages, Bakery and Confectionery, Dairy and Frozen Dessert, Beverages, Other Food and Beverages, Dietary Supplements, Personal Care and Cosmetics, and Others)
The Asia Pacific tea extracts market was valued at US$ 1,148.35 million in 2023 and is expected to reach US$ 2,011.41 million by 2031; it is estimated to register a CAGR of 7.3% from 2023 to 2031.
Wide Application Scope of Tea Extracts Boosts Asia Pacific Tea Extracts Market
Tea extracts have a wide range of applications in various end-use industries such as food and beverages, pharmaceuticals and nutraceuticals, personal care and cosmetics, and animal feed, among others. Tea extracts are used as natural flavorings, colorants, and preservatives in food and beverage products. Consumers increasingly seek clean-label products, driving the demand for natural ingredients such as tea extracts in food products. Also, there is an increasing demand for various herbal and botanical extracts in the beverage industry. Further, tea extracts are valued for their medicinal properties and health benefits in the pharmaceutical and nutraceutical industries. Tea extracts are considered important owing to their rich concentration of bioactive compounds, including polyphenols, catechins, and flavonoids. These compounds offer numerous health benefits, making tea extracts a popular ingredient in dietary supplements and pharmaceutical products aimed at improving overall well-being. Tea extracts are effective in protecting skin from environmental damage, soothing irritation, and reducing the appearance of lines and wrinkles. As a result, tea extracts are gaining popularity in personal care products as a functional ingredient. Tea extracts are also utilized in the animal feed industry to improve the overall health and performance of livestock and pets. The demand for natural and organic animal feed ingredients is driven by the need for sustainable and nutritionally dense feed options.
Thus, the wide range of applications of tea extracts across various end-use industries drives the tea extracts market.
Asia Pacific Tea Extracts Market Overview
The China tea extracts market is a vast and rapidly growing industry driven by rich tea culture. China is the world's largest tea producer and consumer. The market is characterized by a strong preference for high-quality tea extracts, particularly in traditional Chinese medicine and the pharmaceutical industry. Chinese manufacturers such as Tongrentang and Yunnan Baiyao used tea extracts to create medicine products such as tea-based supplements and tea-infused health tonics. Furthermore, China's thriving food and beverages industry, led by companies such as Hangzhou Wahaha Group and Nongfu Spring, is constantly seeking new and exciting ways to incorporate tea extracts into products, driving growth and innovation in the market.
Asia Pacific Tea Extracts Market Revenue and Forecast to 2031 (US$ Million)
Asia Pacific Tea Extracts Market Segmentation
The Asia Pacific tea extracts market is categorized into type, category, form, application, and country.
Based on type, the Asia Pacific tea extracts market is segmented into green tea, black tea, oolong tea, and others. The green tea segment held the largest market share in 2023.
In terms of form, the Asia Pacific tea extracts market is bifurcated into powder and liquid. The liquid segment held a larger market share in 2023.
By application, the Asia Pacific tea extracts market is segmented into food and beverages, bakery and confectionery, dairy and frozen dessert, beverages, other food and beverages, dietary supplements, personal care and cosmetics, and others. The food and beverages segment held the largest market share in 2023.
By category, the Asia Pacific tea extracts market is bifurcated into conventional and organic. The conventional segment held a larger market share in 2023.
By country, the Asia Pacific tea extracts market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia-Pacific. China dominated the Asia Pacific tea extracts market share in 2023.
Finlays, Botanic Healthcare Group, Martin Bauer GmbH & Co KG, Firmenich International SA, Givaudan SA, International Flavors & Fragrances Inc, Kerry Group Plc, Archer Daniels Midland Company, Sensient Technologies Corp, Kemin Industries Inc, Medikonda Nutrients, Virginia Dare Extract Co Inc, Lipoid-Kosmetik, Florida Food Products, and Dohler GmbH are some of the leading companies operating in the Asia Pacific tea extracts market.
1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macroeconomic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country-level data:
4. Asia Pacific Tea Extracts Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 List of Vendors in the Value Chain
5. Asia Pacific Tea Extracts Market – Key Market Dynamics
5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Future Trends
5.5 Impact of Drivers and Restraints:
6. Asia Pacific Tea Extracts Market – Analysis
6.1 Asia Pacific Tea Extracts Market Revenue (US$ Million), 2021–2031
6.2 Asia Pacific Tea Extracts Market Forecast Analysis
7. Asia Pacific Tea Extracts Market Analysis – by Type
7.1 Green Tea
7.1.1 Overview
7.1.2 Green Tea: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
7.2 Black Tea
7.2.1 Overview
7.2.2 Black Tea: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
7.3 Oolong Tea
7.3.1 Overview
7.3.2 Oolong Tea: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
8. Asia Pacific Tea Extracts Market Analysis – by Category
8.1 Conventional
8.1.1 Overview
8.1.2 Conventional: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
8.2 Organic
8.2.1 Overview
8.2.2 Organic: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
9. Asia Pacific Tea Extracts Market Analysis – by Form
9.1 Powder
9.1.1 Overview
9.1.2 Powder: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.2 Liquid
9.2.1 Overview
9.2.2 Liquid: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
10. Asia Pacific Tea Extracts Market Analysis – by Application
10.1 Food and Beverages
10.1.1 Overview
10.1.2 Food and Beverages: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.2 Bakery and Confectionery
10.2.1 Overview
10.2.2 Bakery and Confectionery: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.3 Dairy and Frozen Dessert
10.3.1 Overview
10.3.2 Dairy and Frozen Dessert: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.4 Beverages
10.4.1 Overview
10.4.2 Beverages: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.5 Other Food and Beverages
10.5.1 Overview
10.5.2 Other Food and Beverages: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.6 Dietary Supplements
10.6.1 Overview
10.6.2 Dietary Supplements: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.7 Personal Care and Cosmetics
10.7.1 Overview
10.7.2 Personal Care and Cosmetics: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.8 Others
10.8.1 Overview
10.8.2 Others: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
11. Asia Pacific Tea Extracts Market – Country Analysis
11.1 Asia Pacific
11.1.1 Asia Pacific Tea Extracts Market – Revenue and Forecast Analysis – by Country
11.1.1.1 Asia Pacific Tea Extracts Market – Revenue and Forecast Analysis – by Country
11.1.1.2 China: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.1.1.2.1 China: Asia Pacific Tea Extracts Market Share – by Type
11.1.1.2.2 China: Asia Pacific Tea Extracts Market Share – by Category
11.1.1.2.3 China: Asia Pacific Tea Extracts Market Share – by Form
11.1.1.2.4 China: Asia Pacific Tea Extracts Market Share – by Application
11.1.1.3 Japan: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.1.1.3.1 Japan: Asia Pacific Tea Extracts Market Share – by Type
11.1.1.3.2 Japan: Asia Pacific Tea Extracts Market Share – by Category
11.1.1.3.3 Japan: Asia Pacific Tea Extracts Market Share – by Form
11.1.1.3.4 Japan: Asia Pacific Tea Extracts Market Share – by Application
11.1.1.4 India: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.1.1.4.1 India: Asia Pacific Tea Extracts Market Share – by Type
11.1.1.4.2 India: Asia Pacific Tea Extracts Market Share – by Category
11.1.1.4.3 India: Asia Pacific Tea Extracts Market Share – by Form
11.1.1.4.4 India: Asia Pacific Tea Extracts Market Share – by Application
11.1.1.5 Australia: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.1.1.5.1 Australia: Asia Pacific Tea Extracts Market Share – by Type
11.1.1.5.2 Australia: Asia Pacific Tea Extracts Market Share – by Category
11.1.1.5.3 Australia: Asia Pacific Tea Extracts Market Share – by Form
11.1.1.5.4 Australia: Asia Pacific Tea Extracts Market Share – by Application
11.1.1.6 South Korea: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.1.1.6.1 South Korea: Asia Pacific Tea Extracts Market Share – by Type
11.1.1.6.2 South Korea: Asia Pacific Tea Extracts Market Share – by Category
11.1.1.6.3 South Korea: Asia Pacific Tea Extracts Market Share – by Form
11.1.1.6.4 South Korea: Asia Pacific Tea Extracts Market Share – by Application
11.1.1.7 Rest of APAC: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
11.1.1.7.1 Rest of APAC: Asia Pacific Tea Extracts Market Share – by Type
11.1.1.7.2 Rest of APAC: Asia Pacific Tea Extracts Market Share – by Category
11.1.1.7.3 Rest of APAC: Asia Pacific Tea Extracts Market Share – by Form
11.1.1.7.4 Rest of APAC: Asia Pacific Tea Extracts Market Share – by Application
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning and Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Partnerships and Collaborations
13.4 Other Developments
14. Company Profiles
14.1 Finlays
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 MartinBauer
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Firmenich International SA
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Givaudan SA
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 International Flavors & Fragrances Inc
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Kerry Group Plc
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Archer Daniels Midland Company
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8. Sensient Technologies Corp
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9. Kemin Industries Inc
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10. Botanic Healthcare Pvt Ltd
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11. Medikonda Nutrients
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
14.12. Virginia Dare Extract Co Inc
14.12.1 Key Facts
14.12.2 Business Description
14.12.3 Products and Services
14.12.4 Financial Overview
14.12.5 SWOT Analysis
14.12.6 Key Developments
14.13. Lipoid-Kosmetik
14.13.1 Key Facts
14.13.2 Business Description
14.13.3 Products and Services
14.13.3 Financial Overview
14.13.5 SWOT Analysis
14.13.6 Key Developments
14.14 Florida Food Products
14.14.1 Key Facts
14.14.2 Business Description
14.14.3 Products and Services
14.14.4 Financial Overview
14.14.5 SWOT Analysis
14.14.6 Key Developments
14.15 Dohler GmbH
14.15.1 Key Facts
14.15.2 Business Description
14.15.3 Products and Services
14.15.4 Financial Overview
14.15.5 SWOT Analysis
14.15.6 Key Developments
15. Appendix
15.1 About Us
15.2 List of Abbreviations
List of Tables
Table 1. Asia Pacific Tea Extracts Market Segmentation
Table 2. List of Vendors
Table 3. Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
Table 4. Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Type
Table 5. Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Category
Table 6. Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Form
Table 7. Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Application
Table 8. Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Country
Table 9. China: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Type
Table 10. China: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Category
Table 11. China: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Form
Table 12. China: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Application
Table 13. Japan: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Type
Table 14. Japan: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Category
Table 15. Japan: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Form
Table 16. Japan: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Application
Table 17. India: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Type
Table 18. India: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Category
Table 19. India: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Form
Table 20. India: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Application
Table 21. Australia: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Type
Table 22. Australia: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Category
Table 23. Australia: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Form
Table 24. Australia: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Application
Table 25. South Korea: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Type
Table 26. South Korea: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Category
Table 27. South Korea: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Form
Table 28. South Korea: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Application
Table 29. Rest of APAC: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Type
Table 30. Rest of APAC: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Category
Table 31. Rest of APAC: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Form
Table 32. Rest of APAC: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021 – 2031(US$ Million) – by Application
Table 33. List of Abbreviations
List of Figures
Figure 1. Asia Pacific Tea Extracts Market Segmentation – Country
Figure 2. Porter's Five Forces Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Asia Pacific Tea Extracts Market Revenue (US$ Million), 2021–2031
Figure 5. Asia Pacific Tea Extracts Market Share (%) – by Type (2023 and 2031)
Figure 6. Green Tea: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 7. Black Tea: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 8. Oolong Tea: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 9. Others: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 10. Asia Pacific Tea Extracts Market Share (%) – by Category (2023 and 2031)
Figure 11. Conventional: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 12. Organic: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 13. Asia Pacific Tea Extracts Market Share (%) – by Form (2023 and 2031)
Figure 14. Powder: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 15. Liquid: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 16. Asia Pacific Tea Extracts Market Share (%) – by Application (2023 and 2031)
Figure 17. Food and Beverages: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 18. Bakery and Confectionery: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 19. Dairy and Frozen Dessert: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 20. Beverages: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 21. Other Food and Beverages: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 22. Dietary Supplements: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 23. Personal Care and Cosmetics: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 24. Others: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 25. Asia Pacific Tea Extracts Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 26. China: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 27. Japan: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 28. India: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 29. Australia: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 30. South Korea: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 31. Rest of APAC: Asia Pacific Tea Extracts Market – Revenue and Forecast, 2021– 2031 (US$ Million)
Figure 32. Heat Map Analysis by Key Players
Figure 33. Company Positioning and Concentration
- Finlays
- Botanic Healthcare Group
- Martin Bauer GmbH & Co KG
- Firmenich International SA
- Givaudan SA
- International Flavors & Fragrances Inc
- Kerry Group Plc
- Archer Daniels Midland Company
- Sensient Technologies Corp
- Kemin Industries Inc
- Medikonda Nutrients
- Virginia Dare Extract Co Inc
- Lipoid-Kosmetik
- Florida Food Products
- Dohler GmbH
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