Report Overview

Saudi Arabia Tea Extracts Market - Industry Trends & Forecast Report, 2028

Saudi Arabia Tea Extracts Market size is expected to expand at a CAGR of 7.9% during the forecast period between 2022 and 2028. Major growth factors of Saudi Arabia tea extracts market include increasing consumption of new flavors, affordability, and health benefits, such as weight loss associated with tea intake. Consumers' growing health awareness, rising disposable income, and increasing per capita health expenditure are all expected to drive the market expansion. The availability of natural compounds in black tea extracts as well as the health advantages associated with it is expected to drive the market expansion in Saudi Arabia. The burgeoning demand for natural ingredient-based beverages coupled with the increasing popularity of ready-to-drink tea, sparkling beverages, and cold brew as leading manufacturers offer such drinks containing tea extracts is fueling market expansion. Additionally, an increasing focus of key companies on introducing innovative beverages containing tea extracts is further fueling the market expansion during the forecast period.

Tea Extracts Market – Overview

The tea extract market comprises businesses (organizations, sole traders, and partnerships) selling tea extracts to aid weight loss, blood sugar management, and disease prevention. Tea extracts are herbal supplements extracted from the tea plant such as Camellia Sinensis. It contains high levels of antioxidants, polyphenols, vitamins, and flavonoids. Tea extracts have been associated with numerous of health benefits, including improved heart, liver, and brain function, skin appearance, and a lower risk of cancer. The country's demand for ready-to-drink beverages is expanding due to changing consumer lifestyles and tight work schedules. For most users, tea is a stress reliever, offering a quick break from their hectic work schedules and lifestyle. Customers prefer ready-to-drink tea because it reduces time and allows them to enjoy it anywhere and at any time. As the demand for ready-to-drink tea and other beverages grows across Saudi Arabia, manufacturers of tea extracts will have lucrative growth opportunities.

Saudi Arabia Tea Extracts Market

Growth Drivers

Surging demand for tea extracts from personal care industry

Growing working population, surging demand for ready-to-use products, and increasing retail marketplaces are some of the factors forecast to drive the market growth over the forecast period. The rising popularity of tea as a natural element in personal care products is likely to fuel expansion in the Saudi Arabia tea extracts market. High disposable income, expanding food and beverage expenditure, and rising consumer awareness of healthy lifestyles are also projected to fuel the tea extracts market expansion in Saudi Arabia.

Restraints

Increasing preference for alternatives

The availability of replacements, such as plant extracts and coffee, may impede the market growth throughout the forecast period. Due to the presence of antioxidants, coffee consumption aids in stress reduction. It also provides vital nutrients that can help reduce the risk of type 2 diabetes and other disorders. Furthermore, numerous firms offer standard extracts, such as peppermint, lemon, and fennel, and exotic extracts, such as lemon grass, cardamom, jasmine, ginger, and coriander extracts, which may limit the growth of tea extract-based goods.

Impact of COVID -19 on Saudi Arabia Tea Extracts Market

Covid-19 had a detrimental effect on food and beverages market particularly tea extracts market due to stringent lockdown measures, supply disruptions leading to reduced consumption across the region. Manufacturers face difficulties in the purchase of raw materials and the supply chain. The worldwide trade was halted for a few months due to the pandemic, which hampered the international flow of tea extracts. The supply chain and production procedures have also been a challenge for the end-use sectors of tea extracts. As a result, sales of tea extracts were temporarily curtailed during the pandemic. However, post COVID-19, it is expected to boost the market expansion owing to consumers changing lifestyle and eating habits and high adoption of health beverages.

Saudi Arabia Tea Extracts Market

Segmental Coverage

Saudi Arabia Tea Extracts Market – By Type

By type, Saudi Arabia tea extracts market is segregated into Green Tea Extract, Black Tea Extract, Oolong Tea Extract, Lemon Tea Extract, and White Tea Extract segments. The black tea extract segment holds the highest market share during the period in analysis. Black tea extracts are made from powdered black tea leaves that are extracted from the Camellia Sinensis plant. Black tea is processed, fermented, and oxidized, providing a distinct color and flavor. It is a good source of vitamin C, zinc, iron, and calcium. It also has anti-allergic and antiviral effects and is high in antioxidants, polyphenols, and theaflavins, all of which have significant health advantages. With an expansion in application base in numerous end-use industries, such as food, cosmetics, beverages, and medicines, the market size for black tea is expanding.

Saudi Arabia Tea Extracts Market – By Form

Based on form, Saudi Arabia tea extracts market is bifurcated into Powder and Liquid segments. The liquid segment is expected to hold a higher share in the market. Tea plant nutrients are most concentrated and effective in liquid form, providing the major benefit.

Saudi Arabia Tea Extracts Market – By Category

Based on category, Saudi Arabia tea extracts market is split into Organic and Conventional segments.

Saudi Arabia Tea Extracts Market – By Application

Based on application, Saudi Arabia tea extracts market is divided into Food & Beverages, Pharmaceuticals, and Cosmetics segments. The food and beverages segment is expected to hold the highest market share. The pharmaceutical industry will grow significantly during the forecast period, due to the health advantages and nutritional value of tea extracts.

Saudi Arabia Tea Extracts Market – By Distribution Channel

Based on distribution channel, Saudi Arabia tea extracts market is segmented into two categories: Store Based and Non-Store Based.

Competitive Landscape

Major players operating in Saudi Arabia tea extracts market include Tata Consumer Products Limited, Unilever, Vahdam, Celestial Seasonings, Stash Tea, Bigelow Tea, Mighty Leaf Tea, Yogi, Dupont, and Archer Daniels Midland. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Type

• Green Tea Extract

• Black Tea Extract

• Oolong Tea Extract

• Lemon Tea Extract

• White Tea Extract

By Form

• Powder

• Liquid

By Category

• Organic

• Conventional

By Application

• Food & Beverages

• Pharmaceuticals

• Cosmetics

By Distribution Channel

• Store Based

• Non-Store Based

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Tea Extracts Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rapid growth of tea extracts in the dietary supplements industries
         2. Shift in the consumer lifestyle
         3. Surging demand from personal care industry
      2. Restraints
         1. Rising trend of coffee consumption
         2. Fluctuating prices of raw materials
      3. Opportunities
         1. Rising demand for organic products
         2. Increasing innovative marketing strategies and celebrity endorsements
      4. Challenges
         1. Fluctuating prices of raw materials
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Saudi Arabia Tea Extracts Market Overview
   1. Market Size & Forecast, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Type
         1. Green Tea Extract
         2. Black Tea Extract
         3. Oolong Tea Extract
         4. Lemon Tea Extract
         5. White Tea Extract
         6. Others
      2. By Form
         1. Powder
         2. Liquid
      3. By Category
         1. Organic
         2. Conventional
      4. By Application
         1. Food & Beverages
         2. Pharmaceuticals
         3. Cosmetics
         4. Others
      5. By Distribution Channel  
         1. Store Based
         2. Non-Store Based
5. Competitive Landscape
   1. List of Key Players and Their Range
   2. Saudi Arabia Tea Extracts Company Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership)
6. Impact of Covid-19 on Saudi Arabia Tea Extracts Market Industry
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
   1. Tata Consumer Product Limited
   2. Unilever
   3. Vahdam
   4. Celestial Seasonings
   5. Stash Tea
   6. Bigelow Tea
   7. Mighty Leaf Tea
   8. Yogi
   9. Dupont
   10. Archer Daniels Midland
   11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumptions & Limitations

List of Figures

Figure 1        Saudi Arabia Tea Extracts Market Segmentation

Figure 2        Saudi Arabia Tea Extracts Market, Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        Saudi Arabia Tea Extracts Market, Market Size, By Value (USD Million), 2018–2028

Figure 5        Saudi Arabia Tea Extracts Market, Market Share, By Type, By Value, 2018–2028

Figure 6        Saudi Arabia Tea Extracts Market, Market Share, By Form, By Value, 2018–2028

Figure 7        Saudi Arabia Tea Extracts Market, Market Share, By Category, By Value, 2018–2028

Figure 8        Saudi Arabia Tea Extracts Market, Market Share, By Application, By Value, 2018–2028

Figure 9        Saudi Arabia Tea Extracts Market, Market Share, By Distribution Channel, By Value, 2018–2028

List of Tables

Table 1         Saudi Arabia Tea Extracts Market, Market Size, By Type, By Value, 2018–2028                   

Table 2         Saudi Arabia Tea Extracts Market, Market Size, By Form, By Value, 2018–2028                   

Table 3         Saudi Arabia Tea Extracts Market, Market Size, By Category, By Value, 2018–2028              

Table 4         Saudi Arabia Tea Extracts Market, Market Size, By Application, By Value, 2018–2028           

Table 5         Saudi Arabia Tea Extracts Market, Market Size, By Distribution Channel, By Value, 2018–2028            

Table 6         List of Key Players and Their Offerings               

Table 7         Competitive Benchmarking, By Operating Parameters             

Table 8         Tata Consumer Product Limited Company Overview                

Table 9         Tata Consumer Product Limited Financial Overview                 

Table 10        Unilever Company Overview         

Table 11        Unilever Financial Overview          

Table 12        Vahdam Company Overview         

Table 13        Vahdam Financial Overview          

Table 14        Celestial Seasonings Company Overview            

Table 15        Celestial Seasonings Financial Overview             

Table 16        Stash Tea Company Overview                

Table 17        Stash Tea Financial Overview                 

Table 18        Bigelow Tea Company Overview              

Table 19        Bigelow Tea Financial Overview               

Table 20        Mighty Leaf Tea Company Overview                  

Table 21        Mighty Leaf Tea Financial Overview                   

Table 22        Yogi Company Overview              

Table 23        Yogi Financial Overview                  

Table 24        Dupont Company Overview          

Table 25        Dupont Financial Overview

Table 26        Archer Daniels Midland Company Overview                  

Table 27        Archer Daniels Midland Financial Overview