The global tea polysaccharides market revenue was around US$ 954.9 million in 2023 and is estimated to reach US$ 1861.8 million by 2032, growing at a compound annual growth rate (CAGR) of 7.7% during the forecast period from 2024 to 2032.
Tea polysaccharides are a sort of complex carbohydrates discovered in tea leaves. Polysaccharides are lengthy, connected chains of molecular sugars. They mostly originate from the innermost cells of tea plants like camellia sinensis, which are used for making a variety of teas like black tea, green tea, and oolong tea.
Factors Influencing Market Growth
- The rise in consumer need for nutritional and nutraceutical supplements, and an upsurge in demand for both functional and organic components, form favorable conditions for the sales of the tea polysaccharides market.
- The high prices restrict the market availability of tea polysaccharides, as smaller enterprises or manufacturers with low resources find it hard to invest in essential extraction and manufacturing methods. As a result, this factor may slow down the overall market growth.
- The requirement from the food manufacturers for tea polysaccharides in the production of health supplements and nutrition is an essential opportunity for the growth of the market.
Impact of COVID-19
The tea polysaccharides market was significantly influenced by the COVID-19 pandemic. As the disease involved the entire world, governments passed strict lockdown measures and travel limitations, disrupting tea polysaccharide distribution networks and supply lines. Closures of processing plants, tea farms, and shipping routes reduced market output and availability of tea polysaccharides. Also, consumer behavior changed as consumers prioritized basic commodities and reduced discretionary expenditure on non-essential products like tea polysaccharides.
Regional Analysis
In 2023, Europe dominated the global tea polysaccharides market in terms of revenue and is anticipated to be dominant during the forecast period. Functional food products are widely utilized for clinical nutrition, weight management, and cardio health in many European countries. The upsurge in investments by several midsized and small food manufacturing companies in growing countries has augmented the need for organic ingredients like tea polysaccharides.
Leading Companies
The leading prominent companies profiled in the global tea polysaccharides market are:
- Xi'an Sunhealth Biotech Co., Ltd
- Wellgreen Technology Co., Ltd
- Seebio Biotech (Shanghai) Co., Ltd
- Finlays
- International Flavors & Fragrances Inc. IFF
- Mark T. Wendell Tea Company
- RFI Ingredients, LLC.
- Martin Bauer Group GmbH & Co. KG
- Hunan Nutramax Inc.
- Tea Source.
- Other prominent key players
Segmentation Outline
The global tea polysaccharides market segmentation focuses on Type, Form, Application, and Region.
Segmentation based on Type
- Green Tea
- Black Tea
- Oolong Tea
- Others
Segmentation based on Form
- Powder
- Liquid
Segmentation based on Application
- Food and Beverages Industry
- Nutraceuticals Industry
- Others
Segmentation based on Region
- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa