Global Black Tea Extracts MarketPosted by Shubhangi Sapkal on June 20th, 2019 Global Black Tea Extracts Market was valued US$ 94.1 Mn in 2017 and is expected to reach US$ 153.2 Mn by 2026, at a CAGR of 6.28% during a forecast period. The black tea extracts market is segmented into form, product, application, and region. Based on regions, the global black tea extracts market is divided into five main regions are America, Europe, Asia-pacific, Latin America and Middle East & Africa. In terms of application, beverage supplements market is changing the consumers begin to avoid high sugar content products such as carbonated soft drinks for drinks they perceive as having healthier drinks such as tea. Based on forms, powdered form of black tea extracts is expected to be the fastest-growing segment, in terms of revenue, owing to the superior health benefits offered by the product and rising product sales through e-commerce platforms. On the basis of product, hot water soluble product segment is expected to dominate the market in terms of revenue, on account of high demand for the product for use as an ingredient in the nutraceutical products. Availability of substitute product like green tea is restring the global black tea extracts market growth. Some of the key players in the global black tea extracts market are Synthite Industries Limited, Finlay, Martin Bauer Group, Amax NutraSource, Inc, Kemin Industries, AVT Natural Products Ltd., and Cymbio Pharma Pvt. Ltd. For More Information Visit@https://www.maximizemarketresearch.com/market-report/global-black-tea-extracts-market/20525/ Scope of Global Black Tea Extracts Market: Black Tea Extracts Market, by Form: • Powder • Hot Water Soluble • Functional Food • North America • Synthite Industries Limited
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