| Product Code: ETC8836176 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines continued to see a significant increase in black tea extract import shipments in 2024, with top exporting countries being Ireland, China, India, Indonesia, and Malaysia. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market with dominant suppliers. The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 25.58%, showcasing a robust market demand. Despite a slightly lower growth rate in 2024 compared to the previous year, the continued upward trajectory demonstrates the sustained popularity and consumption of black tea extract in the Philippines.
Demand for Black Tea Extract in the Philippines is driven by its applications in functional beverages, cosmetics, and dietary supplements. Health-conscious consumers seeking antioxidants and natural ingredients are key market drivers.
The black tea extract market in the Philippines is expanding as consumers seek natural ingredients with antioxidant and health-promoting properties. Black tea extract is used in a variety of products, including beverages, dietary supplements, and cosmetics. Its growing recognition for its ability to support heart health and improve skin conditions is driving its demand in both food and personal care industries.
The black tea extract market in the Philippines faces challenges related to competition from other types of tea extracts and beverages. Although black tea extract has potential health benefits, its market share is limited by the availability of alternative extracts such as green tea and herbal options. Additionally, the market is impacted by the high production costs and the need for specialized extraction processes, which can increase the cost of black tea extract. Limited awareness and consumer education about the benefits of black tea extract further hinder the market`s growth.
The Black Tea Extract Market in the Philippines is poised for growth due to the increasing popularity of health-conscious products and functional beverages. Black tea extract, rich in antioxidants and known for its various health benefits, is widely used in dietary supplements, flavored beverages, and cosmetics. The Philippines, with its favorable climate for tea cultivation, holds significant potential to expand its domestic tea production. Investment opportunities exist in the development of tea extract processing facilities, increasing tea exports, and catering to both the domestic and international demand for organic and premium tea products. Moreover, there is potential to create value-added tea-based products like ready-to-drink teas, energy drinks, and tea-infused skincare products, meeting the evolving preferences of global consumers.
The Department of Agriculture (DA) plays a crucial role in supporting the growth of the black tea extract market through its agricultural programs, which promote tea cultivation and processing. Additionally, the government encourages the export of Philippine-grown tea through the DTI, while the Food and Drug Administration (FDA) ensures that tea extract products meet health and safety standards.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Black Tea Extract Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Black Tea Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Black Tea Extract Market - Industry Life Cycle |
3.4 Philippines Black Tea Extract Market - Porter's Five Forces |
3.5 Philippines Black Tea Extract Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Philippines Black Tea Extract Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Philippines Black Tea Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Black Tea Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Black Tea Extract Market Trends |
6 Philippines Black Tea Extract Market, By Types |
6.1 Philippines Black Tea Extract Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Philippines Black Tea Extract Market Revenues & Volume, By Form, 2021- 2031F |
6.1.3 Philippines Black Tea Extract Market Revenues & Volume, By Powder, 2021- 2031F |
6.1.4 Philippines Black Tea Extract Market Revenues & Volume, By Liquid, 2021- 2031F |
6.1.5 Philippines Black Tea Extract Market Revenues & Volume, By Encapsulated, 2021- 2031F |
6.2 Philippines Black Tea Extract Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Black Tea Extract Market Revenues & Volume, By Hot Water Soluble (HWS), 2021- 2031F |
6.2.3 Philippines Black Tea Extract Market Revenues & Volume, By Cold Water Soluble (CWS), 2021- 2031F |
6.3 Philippines Black Tea Extract Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Black Tea Extract Market Revenues & Volume, By Beverages, 2021- 2031F |
6.3.3 Philippines Black Tea Extract Market Revenues & Volume, By Functional Food, 2021- 2031F |
6.3.4 Philippines Black Tea Extract Market Revenues & Volume, By Cosmetics and Beauty Supplements, 2021- 2031F |
6.3.5 Philippines Black Tea Extract Market Revenues & Volume, By Dietary Supplements, 2021- 2031F |
6.3.6 Philippines Black Tea Extract Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Black Tea Extract Market Import-Export Trade Statistics |
7.1 Philippines Black Tea Extract Market Export to Major Countries |
7.2 Philippines Black Tea Extract Market Imports from Major Countries |
8 Philippines Black Tea Extract Market Key Performance Indicators |
9 Philippines Black Tea Extract Market - Opportunity Assessment |
9.1 Philippines Black Tea Extract Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Philippines Black Tea Extract Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Philippines Black Tea Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Black Tea Extract Market - Competitive Landscape |
10.1 Philippines Black Tea Extract Market Revenue Share, By Companies, 2024 |
10.2 Philippines Black Tea Extract Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |