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White Tea Extract Market Outlook from 2023 to 2033

The global White Tea Extract market is expected to reach a market valuation of US$ 1,321 million by 2023, recording a CAGR of 6.1% from 2023 to 2033.

Young Camellia sinensis plant leaves and buds are used to make white tea extract. The processing needed for white tea extract is less compared to green and black tea extracts. Together with polyphenols, the white tea extract also contains tannins, flavonoids, and fluorides. These extracts provide a variety of benefits, including antibacterial and antioxidant characteristics. They also lower blood pressure, blood lipids, blood sugar, and blood sugar levels while boosting immunity. The market for white tea extract is seeing increased demand as people place more emphasis on eating and drinking healthily.

White Tea Extract Market Size (2023E)

US$ 1,321 million

White Tea Extract Market Projected Size (2033F)

US$ 2,381 million

Value CAGR (2023 to 2033)

6.1%

Top 3 Countries Marketing Share

62%

The leading market players are concentrating on product innovation to give consumers a wide variety of white tea, which might assist increase the market for white tea extract, as a result of the rising consumer demand for tastes and textures.

In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for White Tea Extract.

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How Has the Market Progressed So Far in 2022?

Market Statistics

Details

Jan–Jun (H1), 2021 (A)

6.0%

Jul–Dec (H2), 2021 (A)

5.8%

Jan–Jun (H1),2022 Projected (P)

5.7%

Jan–Jun (H1),2022 Outlook (O)

6.1%

Jul–Dec (H2), 2022 Projected (P)

6.0%

Jul–Dec (H2), 2022 Outlook (O)

5.8%

Jan–Jun (H1), 2023 Projected (P)

5.4%

Historic v/s Future Outlook Comparison for White Tea Extract?

Growing consumer interest in the health benefits that might enthrall a sizable customer population internationally is a major driver anticipated to fuel revenue expansion in the global market over the ensuing years. A few other factors that are anticipated to boost demand for these extracts globally include rising occurrences and prevalence of chronic diseases like diabetes, cancer, etc., as well as rising usage of white tea extract in therapeutic application in the pharmaceutical and cosmetic industries.

However, some of the key issues that may impede the expansion in terms of revenue in the target market are the availability of substitutes on the market and product recalls because of the inclusion of toxic ingredients.

Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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Find your sweet spots for generating winning opportunities in this market.

Non-GMO Product

Since that white tea extract is an organic, non-GMO product that has a number of health benefits that can appeal to a sizable customer base, demand for it may rise in the future. Consumers are focusing on utilizing organic and non-GMO products that offer protection from harmful microorganisms and aid in the improvement of their immunity as a result of their increased awareness of microbial diseases and the causes of those diseases.

The immune system may be strengthened by white tea extract's antioxidant and antibacterial properties, which also assist defend against numerous germs and viruses. The market for white tea extract may grow as a result of the consumers' potential preference for using white tea.

Comparative View of Associated Market

Organic Tea Market:

Attributes

Organic Tea Market

CAGR (2023 to 2033)

8%

Market Value (2023)

US$ 1,248 million

Growth Factor

Due in large part to consumer knowledge of safer alternatives to traditional products, the global market for organic tea is growing quickly. Demand has increased due to the growing awareness that clean-label goods, such foods free of pesticides, are both safe and healthful.

Key Trend

The demand for organic tea is rising as people become more aware of the benefits of the aforementioned nutrients against those of commercially produced tea.

Bubble Tea Market:

Attributes

Bubble Tea Market

CAGR (2023 to 2033)

9%

Market Value (2023)

US$ 480 million

Growth Factor

The market for bubble tea is expanding quickly since there are so many different varieties of this beverage. Most recipes for bubble tea combine the base with fruit, milk, and chewy tapioca balls, which are becoming increasingly popular because of their slushy texture.

Key Trend

The increased consumption of tea and nootropic beverages among working-class people and students, along with the availability of low-fat and calorie products at bubble tea shops, are key drivers driving the expansion of the bubble tea market.

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Country-wise Insights

Why is there a Rising Demand for White Tea Extract in Asia Pacific?

The region with the highest CAGR is anticipated to be Asia Pacific during the projection period. While disposable income is growing, consumer behavior is changing. This is expected to remain a strong economic driver. The rapid expansion of online distribution channels and growing consumer health consciousness are anticipated to boost regional product demand even further in the upcoming years. Consumer behavior shifts and rising disposable income, particularly in developing nations like China and India, are anticipated to continue to be positive growth drivers.

How Big is the European Market for White Tea Extract?

In 2021, Europe dominated the market. In industrialized economies like the United Kingdom and Germany, it is anticipated that consumer awareness of personal hygiene and health would increase. Also, consumers in the area have very significant spending power and favor luxury goods while making purchases. SPECIAL and KUSMI TEA have introduced white tea capsules. Also, consumers in the area have very significant spending power and favor luxury goods while making purchases. KUSMI TEA and SPECIAL.T introduced white tea capsules in March 2019.

Category-wise Insights

Increased Application by Cosmetics Industry

The forecast term is expected to have the fastest CAGR for cosmetics and toiletries. It is anticipated that white tea's anti-inflammatory and antioxidant characteristics will increase its use in skincare products. Among the well-known white tea-based skincare companies are Kiss My Face, Giovanni Cosmetics, and Korres Natural Products. Premium white tea toiletry items are offered to customers by renowned hospitality organizations like Marriott International, Inc. In addition to candles, air fresheners, and oil & smell diffusers, they also provide white tea formulas.

Consumption of Conventional Products

In terms of revenue, conventional products had the biggest market share. These items are reasonably priced and come in a variety of gentle, mild, and delicate scents, including fruity and flowery aromas like citrus, melon, grassy, peach, and apricot as well as vanilla, honey, herbs, and chocolate. Furthermore, over the projected period, the conventional product segment is anticipated to be driven by low pricing and easy access to the products through various offline channels, including supermarkets and grocery shops.

Competitive Landscape

White Tea Extract market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.

Scope of the Report

Attribute

Details

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

US$ million for Value and Metric Ton for Volume

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa

Key Countries Covered

United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others.

Key Segments Covered

Application, Variety, Flavor, and Region

Key Companies Profiled

  • Zhejiang Tea Group Co. Ltd.
  • Shaanxi Iknow Biotechnology Co. Ltd.
  • Vicony Teas Company
  • Changsha Botaniex Inc.
  • Carrubba INC
  • Wollenhaupt
  • Lanzhou Waltlets Biotech co. Ltd
  • Arihant Tea Company
  • Solanki Tea Co. Private Limited

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

White Tea Extract Market by Category

By Application:

  • Food and Beverage Industry
  • Health and Hygiene Products
  • Cosmetics
  • Biological Pesticides
  • Animal Feed

By Variety:

  • Darjeeling
  • White Peony
  • Monkey Picked
  • Silver Needle

By Flavor:

  • Honey
  • Fruity
  • Grassy
  • Vanilla
  • Others (e.g., Chocolate, Peach, Apricot, etc.)

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Frequently Asked Questions

What is the global White Tea Extract Market reported by FMI for 2023?

The White Tea Extract Market is valued at US$ 1,321 million for 2023.

What is the White Tea Extract Market valuation expected for 2033?

The White Tea Extract Market valuation is expected to be US$ 2,389 million in the year 2023.

What is the projected CAGR for the White Tea Extract Market from 2023 to 2033?

The value of CAGR for the White Tea Extract Market is estimated to be 7%.

Which segment type will garner significant value share by 2023?

The cosmetics industry would garner significant market value share by 2023.

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