Flavoured Tea Ingredients Market Outlook
According to a new report by Expert Market Research titled “Global Flavoured Tea Ingredients Market Size, Share, Price, Analysis, Report, Demand, Forecast 2023-2028″, the global flavoured tea ingredients market is projected to grow at a CAGR of 7.50% between 2023 and 2028. Aided by the growing demand for healthful and innovative beverage products and the broadening applications of flavoured tea ingredients across various sectors, the market is expected to grow significantly by 2028.
Flavoured tea ingredients are various botanical, herbal, and spice components used to enhance the flavour profile and nutritional value of tea. They include items such as cinnamon, ginger, hibiscus, chamomile, peppermint, and fruit extracts, among others. They serve a crucial role in enhancing taste, providing therapeutic benefits, and promoting overall wellness which is bolstering the flavoured tea ingredients market demand. Beyond their culinary uses, flavoured tea ingredients possess remarkable antioxidant, anti-inflammatory, and other beneficial properties, making them a popular choice in various industrial applications such as pharmaceuticals, cosmetics, and nutraceuticals.
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The rising consumer inclination towards health-promoting and gourmet beverage products is catalysing the global flavoured tea ingredients market growth. Amid growing awareness of the health perks linked with the consumption of these ingredients, such as improved digestion, stress relief, and immune system support, there has been a considerable shift towards tea enriched with these flavourful elements. In addition, the proliferating trend of experimenting with unique and exotic flavours has further boosted the popularity of flavoured tea ingredients, given they are an essential aspect of crafting innovative tea blends.
The diverse applications of flavoured tea ingredients across multiple industries also significantly enlarge the flavoured tea ingredients market expansion. In the pharmaceutical sector, these ingredients are utilised for their medicinal properties in the creation of herbal and alternative medicines. The cosmetic industry employs flavoured tea ingredients for their skin-enhancing and rejuvenating properties, crucial for the development of various skincare and beauty products. Furthermore, flavoured tea ingredients’ nutritional benefits make them a key part of the creation of health supplements and nutraceuticals.
Moreover, the burgeoning demand for organic and natural products in the food and beverage sector has steered an intensified focus on flavoured tea ingredients as ideal components for natural and clean label products, which led to a heightened growth of the flavoured tea ingredients market. With the advent of mindful consumption and the increasing popularity of organic and natural diets, flavoured tea ingredients have surfaced as an essential part in the formulation of these products, thus, stimulating the market proliferation.
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Flavoured Tea Ingredients Market Segmentation
The market can be divided based on type, form, and region.
Market Breakup by Type
- Herbs and Spices
Market Breakup by Form
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global flavoured tea ingredients companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Tata Consumer Products Limited
- Bettys & Taylors Group Ltd
- Unilever Group
- Novus Tea Limited, LLC
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