Global Black Tea Extracts Market Size & Outlook, 2019-2027
Global black tea extracts market, 2016-2027 (US$M)
Related Markets
Global black tea extracts market highlights
- The global black tea extracts market generated a revenue of USD 7,196.6 million in 2019 and is expected to reach USD 9,585.8 million by 2027.
- The market is expected to grow at a CAGR (2020 - 2027) of 3.6% by 2027.
- In terms of segment, powder accounted for a revenue of USD 3,206.7 million in 2019.
- Liquid is the most lucrative form segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2019.
- Country-wise, Mexico is expected to register the highest CAGR from 2020 to 2027.
Global data book summary
| Market revenue in 2019 | USD 7,196.6 million |
| Market revenue in 2027 | USD 9,585.8 million |
| Growth rate | 3.6% (CAGR from 2019 to 2027) |
| Largest segment | Powder |
| Fastest growing segment | Liquid |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Powder, Liquid, Encapsulated |
Other key industry trends
- In terms of revenue, the North America accounted for 12.0% of the global black tea extracts market in 2019.
- By country, the India is projected to lead the global market in terms of revenue in 2027.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 46.1 million by 2027.
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Black Tea Extracts Market Scope
Black Tea Extracts Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global black tea extracts market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to black tea extracts market will help companies and investors design strategic landscapes.
Powder was the largest segment with a revenue share of 44.56% in 2019. Horizon Databook has segmented the Global black tea extracts market based on powder, liquid, encapsulated covering the revenue growth of each sub-segment from 2016 to 2027.
- Global Black Tea Extracts Form Outlook (Revenue, USD Million, 2016-2027)
- Powder
- Liquid
- Encapsulated
- Global Black Tea Extracts Product Outlook (Revenue, USD Million, 2016-2027)
- Hot Water Soluble
- Cold Water Soluble
- Global Black Tea Extracts Application Outlook (Revenue, USD Million, 2016-2027)
- Functional Food
- Beverages
- Cosmetics
- Beauty Supplements
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global black tea extracts market , including forecasts for subscribers. This global databook contains high-level insights into Global black tea extracts market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Global black tea extracts market size, by region, 2016-2027 (US$M)
Top 10 countries: Black tea extracts market size, 2019 (US$M)
Global black tea extracts market share, by form, 2019 & 2027 (%, US$M)
Black tea extracts market: Opportunity assessment by country
Global black tea extracts market, by region, 2019 (US$M)
Related regional statistics
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