Herbal Tea Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity.
The global Herbal Tea Market size is projected to reach a CAGR of 6.1% to 2030.
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Competitive Landscape of Herbal Tea Market:
· Tata Consumer Products
· Organic India
· Hain Celestial
· Associated British Foods plc
· BARRY'S TEA
· Harney & Sons Fine Teas
· Nestlé S.A.
· Mother Parkers Tea & Coffee Inc.
· Martin Bauer Group.
The rising consumer preference for natural and organic products is due to the emergence of health awareness and being conscious of choosing the best. The advantage of having herbal tea include reducing stress, improving digestion, and boosting immunity. Further, bringing innovation in terms of product offerings, with manufacturers introducing new flavors and blends to cater to changing consumer preferences and also experiencing high growth in the herbal tea market. The expansion of distribution channels in terms of online or retail stores as well as the growing popularity of tea culture is proposed to grow the herbal tea market in the next coming years.
Key Findings:
· Herbal Tea is a mixture of dry leaves, nuts, barks, seeds, grasses, fruits, flowers, and roots of various plants. There are various kinds of tisanes or Herbal Teas that are used for medical purposes. Herbalteais widely represented in the traditional medicine of various cultures, due to their heаlth-рrоmоting activities that include аntiсаnсer, antidiabetic, anti-inflammatory, and antioxidant рrорerties.
· The product type segment is segmented into Instant premixes, Liquid and Powdered RTD, and syrups. The Powdered instant premixes are being widely used as it is easy to carry anywhere and also favorable in every season. Liquid Herbal Tea is consumed on a large scale as a refreshing drink which contributes a rapid growth in the Herbal Tea Market. The syrup includes sugar and Herbal Tea extracts which are mostly used by the young generation to increase the market share of the Herbal Tea Market.
· The raw material type segment is further segmented into black, green, and yellow. Green Herbal Tea provides a wider spectrum of varieties and new product developments in relation to black Herbal Tea. The green tea segment is expected to dominate the market during the forecast period.
· The market is also divided into various regions such as Asia Pacific, North America, Europe, South America, and Middle East & Africa. Asia-Pacific holds the largest market share of 36.47% of the global herbal tea market is estimated to increase in the forecast period. China is the biggest manufacturer and consumer of herbal tea across the globe.
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Recent Developments:
Mar 2022 Irish Distillers recently released a limited-edition selection of single-pot still whiskeys aged in unusual Japanese casks. Three single pot-still whiskeys are included in the series, including a 33-Year-Old aged three years in Japanese Mizunara oak and two other expressions aged for more than a year in Japanese Chestnut and Japanese Cedarwood casks. The cedar logs come from the Kyushu region of southern Japan, where the warm, damp climate produces a fragrant and porous wood that gives the whiskey its depth of flavor of herbal tea, clove spice, caraway seeds, and as a fruit finish.
Mar 2022 Starbucks has introduced a series of six iced tea drinks that are only available in Singapore. Starbucks locations in the city-state provide a variety of six iced tea drinks produced with various tea kinds, including black, oolong, and hibiscus. In 2016, Starbucks began selling drinks produced with its tea brand, Teavana, in over 6,2000 locations across Asia. According to Nikkei Asia, the concoctions are "more complicated" than the herbal and green tea-based cocktails popular in the United States.
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· Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
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· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Frequently Asked Questions
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· What is the compound annual growth rate (CAGR) of the Herbal Tea Market?
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