North America Black Tea Extracts Market Size & Outlook
North America black tea extracts market, 2016-2027 (US$M)
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North America black tea extracts market highlights
- The North America black tea extracts market generated a revenue of USD 864.4 million in 2019.
- The market is expected to grow at a CAGR of 3.4% 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, U.S. is expected to register the highest CAGR from 2020 to 2027.
North America data book summary
| Market revenue in 2019 | USD 864.4 million |
| Market revenue in 2027 | USD 1,128.3 million |
| Growth rate | 3.4% (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, North America region accounted for 12.0% 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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North America 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 45.09% in 2019. Horizon Databook has segmented the North America 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 North America black tea extracts market , including forecasts for subscribers. This continent databook contains high-level insights into North America black tea extracts market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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North America black tea extracts market size, by country, 2016-2027 (US$M)
North America Black Tea Extracts Market Outlook Share, 2019 & 2027 (US$M)
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