The global white tea market size is expected to reach USD 2.23 billion by 2025, according to a new report by Grand View Research. It is anticipated to expand at a CAGR of 6.1% during the forecast period. Rising awareness regarding maintaining healthy lifestyle is expected to promote the demand for white tea. Along with food and beverage, white tea extract finds application in cosmetic formulations, owing to their excellent antioxidant, anti-aging, and skin-soothing properties. Rapid rise of organic personal care market as a result of, inclination of cosmetic manufacturers toward natural ingredients, is projected to drive the demand for products such as white tea as a functional additive during the production of various cosmetic products.
As
per the report published by the World Health Organization (WHO), diabetes was
the seventh leading causes of death in 2016. It is recommended that moderate
consumption of white tea results in reducing the occurrences of diabetes as it
contains flavonoids. Furthermore, changing diet patterns and hectic lifestyle
of the working class population have resulted in prevalence of obesity and
related problems. Weight loss benefits of white tea are anticipated to
encourage beverage manufacturers to increase the spending on its incorporation
as a functional ingredient in various weight loss products.
Cosmetics
and toiletries category is expected to expand at the CAGR of 4.3% from 2018 to
2025. Skin soothing antioxidant properties of the product drives the demand for
skin care products made using white tea products. For example, the products
launched by Korres Natural Products, Giovanni Cosmetics, and Kiss My Face among
others.
Asia
Pacific is anticipated to showcase significant growth in light of increasing
number of health conscious consumers along with growing spending, especially in
China and India. Furthermore, investment friendly government policies in these
countries are expected to attract foreign companies to establish their
strategic business units in these regions to address the domestic demand.
Full Research Report On White Tea Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/white-tea-market
Further key
findings from the report suggest:
- Organic
products is projected to ascend at a CAGR of 7.5% from 2018 to 2025
- Beverage
application generated a revenue of exceeding more than USD 1 billion in
2018
- Europe
dominated the global market in 2018, with a share of 30.5%
- The white tea
market is competitive in nature with the presence of many private
companies. Some of the major companies are Zhejiang Tea Group Co. Ltd.;
Changsha Botaniex Inc.; Dilmah Ceylon Tea Company PLC.; Shaanxi Iknow
Biotechnology Co. Ltd.; and Carrubba Inc.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/white-tea-market/request/rs1
Grand View Research has
segmented the global white tea market on the basis of product, application, and
region:
White Tea Product
Outlook (Revenue, USD Million, 2015 - 2025)
- Organic
- Conventional
White Tea
Application Outlook (Revenue, USD Million, 2015 - 2025)
- Beverages
- Cosmetics and toiletries
- Pharmaceuticals
White Tea Regional
Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- U.K.
- Asia Pacific
- India
- China
- Central & South America
- Brazil
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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