"Herbal Tea Market Report has the study about the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, possible future trends, and market demand and supply scenarios. The use of established statistical tools and coherent models for analysis and forecasting of market data makes this business report outshining. The market research study encompasses a market attractiveness analysis, wherein each segment is bench marked based on its market size, growth rate, and general attractiveness.
Global Herbal Tea Market, 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) - Industry Trends and Forecast to 2030.
Data Bridge Market Research analyzes that the herbal tea market which was USD 3,588.13 million in 2022, is expected to reach USD 4,616.42 million by 2030, and is expected to undergo a CAGR of 3.20% during the forecast period of 2023 to 2030. “Green tea” dominate the raw material segment of the herbal tea market because green herbal tea is believed to be healthier and more acceptable for young people in the market, which is why market demand for green herbal tea is increasing.
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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.
Market Players Covered:
Tata Consumer Product Limited (India), Unilever (U.K.), Associated British Foods plc (U.K.), Vahdam (India), Celestial Seasonings (U.S.), Bombay Burmah Trading Corporation Limited (India), Stash Tea (U.S.), Bigelow Tea (U.S.), Shangri-la Tea (U.S.), Yogi (U.S.), Mighty Leaf Tea (Canada), Numi, Inc. P.B.C (U.S.), ONO TEAS Pvt. Ltd, (India), Dilmah Ceylon Tea Company PLC (Sri Lanka), Apeejay Surrendra Group (India)
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Herbal Tea Market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Herbal Tea Market.
Global Herbal Tea Market survey report analyses the general market conditions such as product price, profit, capacity, production, supply, demand, and market growth rate which supports businesses on deciding upon several strategies. Furthermore, big sample sizes have been utilized for the data collection in this business report which suits the necessities of small, medium as well as large size of businesses. The report explains the moves of top market players and brands that range from developments, products launches, acquisitions, mergers, joint ventures, trending innovation and business policies.
The following are the regions covered in this report.
- North America [U.S., Canada, Mexico]
- Europe [Germany, UK, France, Italy, Rest of Europe]
- Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
- South America [Brazil, Argentina, Rest of Latin America]
- The Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]
This study answers to the below key questions:
- What are the key factors driving the Herbal Tea Market?
- What are the challenges to market growth?
- Who are the key players in the Herbal Tea Market?
- What are the market opportunities and threats faced by the key players?
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