TEA EXTRACTS MARKET ANALYSIS

Tea Extracts Market, By Extract Type (Green Tea, Oolong Tea, Black Tea, Herbal/Fruit Tea, White Tea, Others ), By Nature (Organic, Conventional), By Form (Liquid, Powder, Encapsulated), By Application (Food & Beverages, Dietary Supplements, RTD Beverages, Cosmetics, Others), And By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Key Developments:
In December 2020, Layn Natural Ingredients acquired Chengdu Wagott Bio-tech, China’s largest exporter of green tea extracts. With the help of this expansion, the company aims to expand its botanical extract portfolio.
In February 2021, Finlays, one of the leading suppliers of coffee, tea, and botanical solutions, worldwide launched a new range of premium, natural, and sustainably-sourced tea extracts in the market
In November 2020, Florida Food Products acquired Amelia Bay LLC. With the help of this acquisition, the company aims to expand its product portfolio of natural ingredients.
In August 2021, Layn Natural Ingredients an manufacture expanded its portfolio of non-GMO project verified botanical extracts. The new range of non-GMO products includes citrus, apple, Galla chinensis, green coffee bean, green tea, ginger, grape seed, magnolia bark, pu’erh tea, rosemary, and Sophora japonica.