The Latin America, Middle East and Africa Tea Polysaccharides Market would witness market growth of 9.3% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 3,573.3 tonnes, showcasing a growth of 10.5% (2023-2030).
The market is expected to expand in the upcoming years because of the growing understanding of the advantages of drinking tea for people with high blood pressure, arthritis, and cardiovascular illnesses. Additionally, a rise in disposable income, a change in consumer preferences, and the addition of new healthful components to tea by various market players are additional factors supporting market expansion.
Modern pharmacological research has demonstrated that TPS, a vital bioactive component alongside TPP, is the primary tea molecule that lowers blood sugar and triglycerides while resisting oxidation. Additionally, it has great potential for growth and use in the cosmetics sector. The amount of TPS often reduces as tea quality or grade rises.
Consumers are highly concerned about health and look for natural and valuable food and beverage products. Since tea polysaccharides are a natural part of tea, they complement this fashion nicely. Ongoing studies are expanding the knowledge of tea polysaccharides' potential applications and health advantages. Recent discoveries and creative product creation can fuel market expansion.
For millennia, tea has been a vital part of Iranian culture. Its introduction through commerce with nearby nations can be dated to the 16th century when it first appeared in Iran. Tea is significant beyond its flavor and aroma because it represents the Middle Eastern cultural ideals of hospitality, warmth, and camaraderie. Tea is crucial in contemporary Middle Eastern culture profoundly ingrained into daily activities and ceremonial occasions. This significant interest in tea consumption is estimated to support the growth of the market.
The Brazil market dominated the LAMEA Tea Polysaccharides Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $28.4 Million by 2030. The Argentina market is showcasing a CAGR of 9.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Tea Polysaccharides Market is Projected to reach USD 1.5 Billion by 2030, at a CAGR of 7.4%
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.
By Form (Volume, Tonnes, USD Million, 2019-2030)
By Application (Volume, Tonnes, USD Million, 2019-2030)
By Type (Volume, Tonnes, USD Million, 2019-2030)
By Country (Volume, Tonnes, USD Million, 2019-2030)
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