The Asia Pacific Tea Polysaccharides Market would witness market growth of 8.1% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 7,758.0 tonnes, showcasing a growth of 7.4% (2019-2022).
People seek wholesome and organic food ingredients with a stronger emphasis on wellness maintenance and self-care to recover from disease and maintain their health. As a result, there is an increasing need for foods high in tea polysaccharides, such as medicinal teas, vitamin and mineral supplements, and nourishing beverages. The demand from food industries for tea polysaccharides in creating dietary supplements and health products is a potential opportunity for the market. Consumers looking for dependable and effective ways to improve their health and well-being increasingly turn to dietary supplements or nutritional goods.
Tea polysaccharides have recently been shown to be a crucial organic component for producing these goods due to their advantageous medicinal properties and natural source. Its numerous health-promoting properties make them valuable ingredients in dietary supplements. Its antibacterial, immune-boosting, and wrinkle-preventing properties also benefit a person's wellness and general health.
A favorable market environment is created for the sales of tea polysaccharides by rising consumer demand for nutraceuticals and nutritional supplements and increasing consumer appetite for organic and functional components. Consumer preferences for products containing tea polysaccharides have changed as people become more aware of the potential health benefits of these ingredients. As a result, companies are looking at incorporating these into dietary and nutritional products, which will expand the market.
China was the first nation in the world to plant tea, and it is also where tea culture first originated. Chinese people have created a variety of tea kinds with distinctive flavors because of diverse geographic climates. India is one of the world's top producers of tea. Gen Z and millennials are drawn to drinking tea owing to growing innovation, such as varied flavors. In addition, the working population in the region favors tea for hydration and quick energy during working hours. To meet customer demand, industry companies are introducing tasty and nutritious tea products on the market due to all these aspects. Due to the region's increased tea consumption, the demand is expected to experience rapid expansion.
The China market dominated the Asia Pacific Tea Polysaccharides Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $115 Million by 2030. The Japan market is registering a CAGR of 7.4% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 8.8% during (2023 - 2030).
Based on Form, the market is segmented into Powder, and Liquid. Based on Application, the market is segmented into Food & Beverages Industry, Nutraceuticals Industry, and Others. Based on Type, the market is segmented into Black Tea, Green Tea, Oolong Tea, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include The Mark T. Wendell Tea Company, Hunan Nutramax Inc., TeaSource LLC, James Finlay Limited (John Swire & Sons (H.K.) Ltd.), International Flavors & Fragrances, Inc., Hankintatukku Oy, MB-Holding Gmbh &Co. KG, RFI Ingredients, LLC, Wellgreen Technology Co., Ltd. and Seebio biotech (shanghai) co., Ltd.
People seek wholesome and organic food ingredients with a stronger emphasis on wellness maintenance and self-care to recover from disease and maintain their health. As a result, there is an increasing need for foods high in tea polysaccharides, such as medicinal teas, vitamin and mineral supplements, and nourishing beverages. The demand from food industries for tea polysaccharides in creating dietary supplements and health products is a potential opportunity for the market. Consumers looking for dependable and effective ways to improve their health and well-being increasingly turn to dietary supplements or nutritional goods.
Tea polysaccharides have recently been shown to be a crucial organic component for producing these goods due to their advantageous medicinal properties and natural source. Its numerous health-promoting properties make them valuable ingredients in dietary supplements. Its antibacterial, immune-boosting, and wrinkle-preventing properties also benefit a person's wellness and general health.
A favorable market environment is created for the sales of tea polysaccharides by rising consumer demand for nutraceuticals and nutritional supplements and increasing consumer appetite for organic and functional components. Consumer preferences for products containing tea polysaccharides have changed as people become more aware of the potential health benefits of these ingredients. As a result, companies are looking at incorporating these into dietary and nutritional products, which will expand the market.
China was the first nation in the world to plant tea, and it is also where tea culture first originated. Chinese people have created a variety of tea kinds with distinctive flavors because of diverse geographic climates. India is one of the world's top producers of tea. Gen Z and millennials are drawn to drinking tea owing to growing innovation, such as varied flavors. In addition, the working population in the region favors tea for hydration and quick energy during working hours. To meet customer demand, industry companies are introducing tasty and nutritious tea products on the market due to all these aspects. Due to the region's increased tea consumption, the demand is expected to experience rapid expansion.
The China market dominated the Asia Pacific Tea Polysaccharides Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $115 Million by 2030. The Japan market is registering a CAGR of 7.4% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 8.8% during (2023 - 2030).
Based on Form, the market is segmented into Powder, and Liquid. Based on Application, the market is segmented into Food & Beverages Industry, Nutraceuticals Industry, and Others. Based on Type, the market is segmented into Black Tea, Green Tea, Oolong Tea, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include The Mark T. Wendell Tea Company, Hunan Nutramax Inc., TeaSource LLC, James Finlay Limited (John Swire & Sons (H.K.) Ltd.), International Flavors & Fragrances, Inc., Hankintatukku Oy, MB-Holding Gmbh &Co. KG, RFI Ingredients, LLC, Wellgreen Technology Co., Ltd. and Seebio biotech (shanghai) co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Form (Volume, Tonnes, USD Million, 2019-2030)- Powder
- Liquid
- Food & Beverages Industry
- Nutraceuticals Industry
- Others
- Black Tea
- Green Tea
- Oolong Tea
- Others
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- The Mark T. Wendell Tea Company
- Hunan Nutramax Inc.
- TeaSource LLC
- James Finlay Limited (John Swire & Sons (H.K.) Ltd.)
- International Flavors & Fragrances, Inc.
- Hankintatukku Oy
- MB-Holding Gmbh &Co. KG
- RFI Ingredients, LLC
- Wellgreen Technology Co., Ltd.
- Seebio biotech (shanghai) co., Ltd.
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Tea Polysaccharides Market by Form
Chapter 5. Asia Pacific Tea Polysaccharides Market by Application
Chapter 6. Asia Pacific Tea Polysaccharides Market by Type
Chapter 7. Asia Pacific Tea Polysaccharides Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- The Mark T. Wendell Tea Company
- Hunan Nutramax Inc.
- TeaSource LLC
- James Finlay Limited (John Swire & Sons (H.K.) Ltd.)
- International Flavors & Fragrances, Inc.
- Hankintatukku Oy
- MB-Holding Gmbh &Co. KG
- RFI Ingredients, LLC
- Wellgreen Technology Co., Ltd.
- Seebio biotech (shanghai) co., Ltd.
Methodology
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