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Herbal Tea Market to Will Receive Outstanding Growth of USD 5,445.22 million by 2029, Size, Share, Upcoming Trends, Opportunities, and Growth Outlook

” Another business knowledge Report released by Data Bridge Market Research with title Global Herbal Tea Market – Industry Trends and Forecast to 2029 Geography,By Type (Cinnamon, Dandelion, Chamomile, Ginger, Turmeric, Blends, Others), Function (Cognitive Health, Gut and Digestive Health, Multifunctional, Others), Packaging Type (Loose Tea, Paper Pouches, Tea Bags, Carton Packs, Can Packaging), Raw Material (Green Tea, Black Tea, Yellow Tea), Product Type (Syrups, Premixes, Powdered Ready to Drink, Liquid Ready to Drink), Application (Commercial Consumption, Individual Consumption), Distribution Channel (Store-Based, Non-Store-Based) has capacity to become the largest market worldwide as it has remained assuming a momentous job in building up dynamic effects on the general economy.

Data Bridge Market Research analyses that the herbal tea market was valued at USD 3,290.17 million in 2021 and is expected to reach the value of USD 5,445.22 million by 2029, at a CAGR of 6.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Global Herbal Tea Market 2022 Global Industry report provides the latest market statistics, industry growth, size, share, trends, as well as driving factors. The Herbal Tea report further covers the extensive analysis of the upcoming progress of the Herbal Tea Market. The detailed overview of the market segments, product description, Herbal Tea applications is presented in this report. At present, the market is developing its presence

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Herbal Tea Market

Market Definition

Herbal tea is made from dried leaves, nuts, barks, seeds, grasses, fruits, flowers, and roots of various plants. Herbal teas are used for a variety of therapeutic purposes. Herbal tea is consumed for its health benefits, such as improved digestive and immune systems. Popular herbal teas include green tea, peppermint tea, chamomile tea, ginseng tea, ginger tea, cinnamon tea, and others.

Some of the major players operating in the herbal tea market are:

  • Tata Consumer Product Limited (India)
  • Unilever (UK)
  • Associated British Foods plc (UK)
  • Vahdam (India)
  • Celestial Seasonings,(US)
  • Bombay Burmah Trading Corporation Limited (India)
  • Stash Tea (US)
  • Bigelow Tea (US)
  • Shangri-la Tea (US)
  • Yogi (US)
  • Republic of Tea (US)
  • Mighty Leaf Tea (Canada)
  • Numi, Inc. P.B.C (US)
  • ONO TEAS Pvt. Ltd, (India)
  • Dilmah Ceylon Tea Company PLC (Sri Lanka)
  • Apeejay Surrendra Group (India)

Herbal Tea Market Dynamics

Drivers

  • Growing adoption of healthy consumables as well as agricultural benefits associated with herbal tea

One of the most important factors driving market growth is the growing consumer preference for safe, chemical-free, and healthy consumables. Furthermore, herbal tea farming is based on ecological processes, biodiversity, and cycles that are tailored to local conditions, which keeps the soil rich and fertile and promotes plant biodiversity. This, along with rising initiatives by governing bodies in a variety of countries to encourage the adoption of sustainable agricultural practises through various incentives and subsidies, is contributing to market growth.

  • Growing demand for herbal tea ingredients in personal care industry as well as expansion of retail market.

An increasing working population, rising demand for ready-to-use products, and expanding retail markets are some of the factors expected to drive global market growth during the forecast period. The rising popularity of herbal tea as a natural ingredient in personal care products is expected to drive growth in the global herbal tea market. Rising disposable income levels, rising food and beverage expenditure, and rising consumer awareness of healthy lifestyles are also expected to drive herbal tea market growth.

Opportunity

To reduce their carbon footprint, several manufacturers are developing tea bags with compostable and biodegradable outer packaging. In order to broaden their product portfolio and increase overall sales, they are also introducing ready-to-drink variants. They are also investing in innovative marketing strategies and celebrity endorsements, which are expected to drive market growth in the coming years.

Restraints

The high cost of the product, as well as labour exploitation on plantations, will most likely act as market restraints for the growth of herbal tea in the above-mentioned forecast period. The easy availability of product substitutes, combined with a lack of awareness in developing economies, will be the biggest and most pressing challenge to market growth.

This herbal tea market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the herbal tea market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Herbal Tea Market

COVID 19 did help to increase the market for herbal tea. People preferred the non-store-based segment for getting their products at home because they did not want to leave their homes due to the governments’ COVID precautionary instructions; the store-based segment was not widely preferred at the time. Despite COVID, the market and its key players performed well during the lockdown period. In addition, once the situation had stabilised, the store-based distribution channel segment resumed its normal sales rate. However, in the early months of 2020, the impact on the manufacturing unit was significant.. Due to the high demand, the supply rate could not keep up its inventory.

Recent Development

  • Sariwangi, an Indonesian tea brand owned by Unilever, announced the June 2019 release of its new 3-in-1 Chamomile Herbal tea products. The new product line from the company includes two flavours of powdered milk tea: caramel and Teh Tarik.
  • Wagh Bakri Tea Group, a premium tea company headquartered in Gujarat, India, announced in May 2019 that it has introduced tea packaging for its Chamomile Herbal teas as part of its centennial celebrations.
  • Ajinomoto General Foods Inc., a major player in the Chamomile Herbal teas market, announced a joint venture in Japan with Accenture plc, a global technology leader, in November 2019.

Access Full PDF Report @ https://www.databridgemarketresearch.com/reports/global-herbal-tea-market

The herbal tea market is segmented on the basis of type, function, packaging type, raw material, product type, application, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Cinnamon
  • Dandelion
  • Chamomile
  • Ginger
  • Turmeric
  • Blends
  • Others

Function

  • Cognitive Health
  • Gut and Digestive Health
  • Multifunctional
  • Others

Packaging type

Raw material

  • Green Tea
  • Black Tea
  • Yellow Tea

Product type

  • Syrups
  • Premixes
  • Powdered Ready to Drink
  • Liquid Ready to Drink

Distribution channel

  • Store based
  • Non store based

Application

  • Commercial Consumption
  • Individual Consumption

Global Herbal Tea Market Table of Contents

Chapter 1 provides an overview of Herbal Tea market, containing global revenue, global production, sales, and CAGR. The forecast and analysis of Herbal Tea market by type, application, and region are also presented in this chapter.

Chapter 2 is about the market landscape and major players. It provides competitive situation and market concentration status along with the basic information of these players.

Chapter 3 provides a full-scale analysis of major players in Herbal Tea industry. The basic information, as well as the profiles, applications and specifications of products market performance along with Business Overview are offered.

Chapter 4 gives a worldwide view of Herbal Tea market. It includes production, market share revenue, price, and the growth rate by type.

Chapter 5 focuses on the application of Herbal Tea , by analyzing the consumption and its growth rate of each application.

Chapter 6 is about production, consumption, export, and import of Herbal Tea in each region.

Herbal Tea Market Research Methodology

Our analysts have used advanced primary and secondary research techniques and tools to compile this report. The research sources and tools that we use are highly reliable and trustworthy. The report offers effective guidelines and recommendations for players to secure a position of strength in the global Herbal Tea market.

Primary Research:

The primary sources involves the industry experts from the Global Herbal Tea industry including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

Secondary Research:

In the Secondary research crucial information about the industries value chain, total pool of key players, and application areas. It also assisted in market segmentation according to industry trends to the bottom-most level, geographical markets and key developments from both market and technology oriented perspectives.

Browse Complete Table of Contents at: https://www.databridgemarketresearch.com/toc/?dbmr=global-herbal-tea-market

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