Middle East & Africa Black Tea Extracts Market Size & Outlook
Middle East & Africa black tea extracts market, 2016-2027 (US$M)
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MEA black tea extracts market highlights
- The MEA black tea extracts market generated a revenue of USD 501.0 million in 2019.
- The market is expected to grow at a CAGR of 3.7% from 2020 to 2027.
- In terms of segment, powder was the largest revenue generating form in 2019.
- Powder is the most lucrative form segment registering the fastest growth during the forecast period.
- Country-wise, Kenya is expected to register the highest CAGR from 2020 to 2027.
MEA data book summary
| Market revenue in 2019 | USD 501.0 million |
| Market revenue in 2027 | USD 669.5 million |
| Growth rate | 3.7% (CAGR from 2019 to 2027) |
| Largest segment | Powder |
| Fastest growing segment | Powder |
| 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 |
| Key market players worldwide | Synthomer PLC, Finlay Minerals Ltd, Martin Bauer Group, Kemin Industries, Avt Natural Products, Cymbio Pharma |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.0% of the global black tea extracts market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Latin America is the fastest growing regional market and is projected to reach USD 191.5 million by 2027.
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Black Tea Extracts Market Scope
Black Tea Extracts Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 41.56% in 2019. Horizon Databook has segmented the Middle East & Africa black tea extracts market based on powder, liquid, encapsulated covering the revenue growth of each sub-segment from 2016 to 2027.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa black tea extracts market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa black tea extracts market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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MEA black tea extracts market size, by country, 2016-2027 (US$M)
Middle East & Africa Black Tea Extracts Market Outlook Share, 2019 & 2027 (US$M)
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