Market Analysis and Insights : Global Herbal Tea Market
The demand for herbal tea is projected to rise in the forecast period from 2021 to 2028 at a rate of 6.0%. Rising demand for functional beverages, which in the forecast period 2021-2028 will likely act as a driver for the herbal tea market.
Herbal tea is extracted from different plants’ dried leaves, nuts, barks, seeds, grasses, fruits, flowers, and roots. There are many kinds of herbal teas that are used for medicinal purposes. Due to its health benefits, such as improved digestive and immune systems, herbal tea is eaten. Green tea, peppermint tea, chamomile tea, ginseng tea, ginger tea, cinnamon tea, and others are some popular herbal teas.
Increasing development of innovative flavours, rising levels of disposable income of the people, rising health awareness among the consumers regarding the benefits of the tea, rising number of population across the globe, increasing trends of herbal product among the young population are some of the major as well important factors which will likely to accelerate the growth of the herbal tea market in the projected timeframe of 2021-2028. On the other hand, rising preferences towards the consumption of organic products along with growing number of research and development activities which will further contribute by generating immense opportunities that will led to the growth of the herbal tea market in the above mentioned projected timeframe.
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Herbal Tea Market analysis report looks at many important market related aspects which are; market size estimations, company and market best practices, entry level strategies, market dynamics, positioning, segmentations, competitive landscaping and benchmarking, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, and in-depth benchmarking of vendor offerings. It is the most appropriate, rational and admirable market research report provided with a devotion and comprehension of business needs. This market study analyses the market status, size, demand, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The competitive landscape section of the report highlights a clear insight about the market share analysis of major industry players. The credible Herbal Tea report also includes detailed profiles of market’s major manufacturers and importers who are dominating the market.
Competitive Analysis: Global Herbal Tea Market
The major players covered in the herbal tea report are Tata Consumer Products; Unilever; Organic India; Hain Celestial; Associated British Foods plc; BARRY’S TEA; Apeejay Surrendra Group; Dilmah Ceylon Tea Company PLC.; Harney & Sons Fine Teas.; adagio teas; Nestlé S.A.; by Mother Parkers Tea & Coffee Inc.; Global Herbitech; Typhoo.; Martin Bauer Group; Buddha’s Herbs.; Green Earth Products Pvt. Ltd.; Alvita Tea.; Bigelow Tea; Bettys & Taylors of Harrogate Ltd.; Celestial Seasonings, Inc.; Numi, Inc. P.B.C.; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Herbal tea market is segmented on the basis of type, function, packaging type, raw material, product type, application, and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the herbal tea market is segmented into cinnamon, dandelion, chamomile, ginger, turmeric, blends, and others.
- Based on function, the herbal tea market is segmented into cognitive health, gut and digestive health, multifunctional, and others.
- Based on the packaging type, the herbal tea market is segmented into loose tea, paper pouches, tea bags, carton packs, and can packaging.
- The herbal tea market is also segmented on the basis of raw material. The raw material is segmented into green tea, black tea, and yellow tea.
- Based on product type, the herbal tea market is segmented into syrups, premixes, powdered ready to drink, and liquid ready to drink.
- On the basis of application, the herbal tea market is segmented into commercial consumption, and individual consumption.
- Based on distribution channel, the herbal tea market is segmented into store-based, and non-store-based. Store-based segment has been further segmented into supermarkets and hypermarkets, convenience stores, and others.
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