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Global Herbal Tea Market Analysis by raw material, Flavor Type, Function, Product Type, Packaging, Distribution Channel, Region and segments forecast till 2033
Market Overview
The global herbal tea market was worth USD 3289.67 million in 2022 and is anticipated to accumulate a valuation of USD 4877.90 million by 2033, registering a CAGR of 4.89% over 2023-2033.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 3289.67 billion |
Market Forecast in 2033 | USD 4877.90 billion |
CAGR % 2023-2033 | 4.89% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Mountain Rose Herbs, Tega Organic Teas, Terra teas, Arbor teas, Tetley, Indigo herbs, The Indian Chai, Twinings, Organic India, Tata Consumer Distribution Channel, Hain Celestial, Associated British Foods plc, BARRY'S TEA, Harney & Sons Fine Teas, Nestl S.A., Mother Parkers Tea & Coffee Inc., Martin Bauer Group, Unilever PLC, Bigelow Teaamong, and Tielka. |
Global Herbal Tea Market- Description
Herbal is referred to as a type of beverage prepared by infusing various herbs, spices, and plant materials like barks in warm water. Mostly, herbal tea does not contain leaves of actual tea plants and is predominantly consumed due to its wide array of health benefits. Herbal tea is also known to reduce stress level, in individuals. The most common type of herbal tea includes peppermint tea, chamomile tea, red rooibos tea, hibiscus tea, and ginger tea, among others.
The increasing health consciousness of the masses, escalating demand for functional beverages, and growing pervasiveness of gastrointestinal disorders are primarily augmenting the industry outlook. Furthermore, surging trends of herbal products among the millennial population and rising prevalence of stress related disorders due to the hectic work schedule of individuals are adding momentum to the market growth. Moreover, population expansion, rise in geriatric population, increase in per capita income, and rapid urbanization are creating lucrative opportunities for the marketplace to prosper. On the contrary, high product costs and presence of counterfeit products are hindering the remuneration scope of this industry vertical.
Global herbal tea market- Key trends
Increasing health cognizance among the masses to boost market expansion
There has been a rise in the health consciousness of the masses due to various factors. A steep rise in the prevalence of chronic ailments and growing prevalence of stress-induced disorders has shifted the inclination of individuals towards the consumption of healthy beverage products. This in turn has escalated the demand for herbal tea worldwide.
Growing per capita income level of individuals is expected to drive industry growth
With widespread economic developments, there has been a massive increase in the disposable income level of individuals across major regions. Herbal tea falls in the category of luxury functional beverage and hence, is costly in nature. Therefore, individuals with a high purchasing power can afford the product more easily, which in turn is stimulating the overall industry outlook.
Global herbal tea market- Segmental Analysis
By raw material
Green tea
Black tea
Yellow
The green tea segment is predicted to amass notable gains by 2030 owing to its high nutritional profile.
By Flavor Type
Chamomile
Peppermint
Lemongrass
Ginger
Hibiscus
Fruits
By Function
Cognitive Health
Gut and Digestive Health
Multifunctional
Others
The gut and digestive health segment is expected to garner significant returns due to the growing pervasiveness of gastrointestinal disorders.
By Product Type
Instant Premixes
Liquid
Powdered RTD and syrups
The instant premixes segment is anticipated to capture a high revenue share over 2022-2030 ascribing to the growing demand for ready to eat consumables among the millennials.
By Packaging
Loose Tea
Paper Pouches
Tea Bags
Plastic Containers
Aluminum Tins
The aluminum tins segment is slated to grow substantially over the stipulated timeline attributable to the efficacy of these tins in maintaining the quality of herbal tea content.
By Distribution Channel
Supermarkets/Hypermarkets
Specialty Stores
Convenience Stores
Online Retails
Others
The online retail segment is anticipated to amplify with a considerable CAGR owing to the widespread increase in e-commerce sales.
Global herbal tea market- Geographical landscape
Considering the geographical frame of reference, the market sphere is classified into North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, Asia Pacific is projected to capture a high revenue share over 2022-2030. This is attributable to the increasing health cognizance of the masses, presence of noteworthy vendors, and rise in per capita income of individuals.
Global Herbal Tea Market- Recent Developments
In 2020, Harney & Sons Fine Teas announced the launch of its new organic line of herbal teas, which are designed to meet the growing demand for organic and natural products.
In 2021, Tata Global Beverages Ltd. announced a new partnership with Starbucks to launch a new line of Teavana Wellness teas, which are designed to promote health and well-being.
In 2022, The Unilever Group announced the acquisition of Pukka Herbs Ltd., a leading herbal tea company, to expand its portfolio of natural and organic products.
Global Herbal Tea Market: Key Companies
Mountain Rose Herbs
Tega Organic Teas
Terra teas, Arbor teas
Tetley
Indigo herbs
The Indian Chai
Twinings
Organic India
Tata Consumer Distribution Channel
Hain Celestial
Associated British Foods plc
BARRY'S TEA
Harney & Sons Fine Teas
Nestl S.A.
Mother Parkers Tea & Coffee Inc.
Martin Bauer Group
Unilever PLC
Bigelow Teaamong
Tielka
Others
Global Herbal Tea Market: Regional Scope
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
South Africa
Rest of Middle East and Africa
Why to buy this Report?
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Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.
1. Global Herbal Tea Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Herbal Tea Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years 2020 to 2021
1.3.2. Projected Data Reporting Years 2022 to 2033
1.3.3. Reporting Data Parameters Value (US$ Million)
1.4. Global Herbal Tea Market Scope and Market Estimation
1.4.1. Global Herbal Tea Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Herbal Tea Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Herbal Tea Market Segmentation
1.5.1. Raw Material of Global Herbal Tea Market
1.5.2. Flavor Type of Global Herbal Tea Market
1.5.3. Function of Global Herbal Tea Market
1.5.4. Product Type of Global Herbal Tea Market
1.5.5. Packaging of Herbal Tea Market
1.5.6. Distribution Channel of Global Herbal Tea Market
1.5.7. Key Regions of Herbal Tea Market
2. Global Herbal Tea Market - Executive Summary
2.1. Global Herbal Tea Market Summary & Snapshot
2.2. Global Herbal Tea Market, By Raw Material (US$ Million)
2.3. Global Herbal Tea Market, By Flavor Type (US$ Million)
2.4. Global Herbal Tea Market, By Function (US$ Million)
2.5. Global Herbal Tea Market, By Product Type (US$ Million)
2.6. Global Herbal Tea Market, By Packaging (US$ Million)
2.7. Global Herbal Tea Market, By Distribution Channel (US$ Million)
2.8. Global Herbal Tea Market, By Geography (US$ Million)
2.9. Global Herbal Tea Market Outlook & Future Opportunities
3. Herbal Tea Market Trends, Outlook, and Factors Analysis
3.1. Global Herbal Tea Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Herbal Tea Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Herbal Tea Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Mental and physical health benefits
3.2.1.2. Drivers 2
3.2.1.3. Drivers 3
3.2.2. Restraints
3.2.2.1. High Costs
3.2.3. Opportunities
3.2.3.1. Rising Demand for Organic Distribution Channel
3.2.3.2. Opportunities 2
3.2.3.3. Opportunities 3
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porters Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Herbal Tea Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Herbal Tea Market
3.9.1. By Raw Material
3.9.2. By Flavor Type
3.9.3. By Function
3.9.4. By Product Type
3.9.5. By Packaging
3.9.6. By Distribution Channel
3.9.7. By Regions
4. Global Herbal Tea Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Herbal Tea Market, 2020 2021 (US$ Million)
4.2. Global Herbal Tea Market, By Raw Material, 2020 To 2021 (US$ Million)
4.3. Global Herbal Tea Market, By Flavor Type, 2020 To 2021 (US$ Million)
4.4. Global Herbal Tea Market, By Function, 2020 To 2021 (US$ Million)
4.5. Global Herbal Tea Market, By Product Type, 2020 To 2021 (US$ Million)
4.6. Global Herbal Tea Market, By Packaging 2020 To 2021 (US$ Million)
4.7. Global Herbal Tea Market, By Distribution Channel 2020 To 2021 (US$ Million)
4.8. Global Herbal Tea Market, By Region, 2020 To 2021 (US$ Million)
5. Global Herbal Tea Market Estimates & Forecast Trend Analysis, by Raw Material
5.1. Global Herbal Tea Market Share (%) Estimates and Forecasts, by Raw Material, 2022 & 2033
5.2. Global Herbal Tea Market Revenue (US$ Million) Estimates and Forecasts, by Raw Material, 2022 to 2033
5.2.1. Green Tea
5.2.2. Black Tea
5.2.3. Yellow Tea
6. Global Herbal Tea Market Estimates & Forecast Trend Analysis, by Flavor Type
6.1. Global Herbal Tea Market Share (%) Estimates and Forecasts, By Flavor Type, 2022 & 2033
6.2. Global Herbal Tea Market Revenue (US$ Million) Estimates and Forecasts, by Flavor Type, 2022 to 2033
6.2.1. Chamomile
6.2.2. Peppermint
6.2.3. Lemongrass
6.2.4. Ginger
6.2.5. Hibiscus
6.2.6. Fruits
7. Global Herbal Tea Market Estimates & Forecast Trend Analysis, by Function
7.1. Global Herbal Tea Market Share (%) Estimates and Forecasts, By Function, 2022 & 2033
7.2. Global Herbal Tea Market Revenue (US$ Million) Estimates and Forecasts, by Function, 2022 to 2033
7.2.1. Cognitive Health
7.2.2. Gut and Digestive Health
7.2.3. Multifunctional
7.2.4. Others
8. Global Herbal Tea Market Estimates & Forecast Trend Analysis, by Product Type
8.1. Global Herbal Tea Market Share (%) Estimates and Forecasts, By Product Type, 2022 & 2033
8.2. Global Herbal Tea Market Revenue (US$ Million) Estimates and Forecasts, by Product Type, 2022 to 2033
8.2.1. Instant premixes
8.2.2. Liquid
8.2.3. Powdered RTD and syrups
9. Global Herbal Tea Market Estimates & Forecast Trend Analysis, by Packaging
9.1. Global Herbal Tea Market Share (%) Estimates and Forecasts, By Packaging, 2022 & 2033
9.2. Global Herbal Tea Market Revenue (US$ Million) Estimates and Forecasts, by Packaging, 2022 to 2033
9.2.1. Loose Tea
9.2.2. Paper Pouches
9.2.3. Tea Bags
9.2.4. Plastic Containers
9.2.5. Aluminum Tins
10. Global Herbal Tea Market Estimates & Forecast Trend Analysis, by Distribution Channel
10.1. Global Herbal Tea Market Share (%) Estimates and Forecasts, By Distribution Channel, 2022 & 2033
10.2. Global Herbal Tea Market Revenue (US$ Million) Estimates and Forecasts, by Distribution Channel, 2022 to 2033
10.2.1. Supermarkets/Hypermarkets
10.2.2. Specialty Stores
10.2.3. Convenience Stores
10.2.4. Online Retail
10.2.5. Others
11. Global Herbal Tea Market Analysis and Forecast, by Region
11.1. Global Herbal Tea Market Share (%) Estimates and Forecasts, By Region, 2022 & 2033
11.2. Global Herbal Tea Market Revenue (US$ Million) Estimates and Forecasts, By Region, 2022 To 2033
11.2.1. North America
11.2.2. Europe
11.2.3. Asia Pacific
11.2.4. Middle East and Africa
11.2.5. Latin America
12. North America Herbal Tea Market: Estimates & Forecast Trend Analysis
12.1. North America Herbal Tea Market Assessments & Key Findings
12.2. North America Herbal Tea Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. North America Herbal Tea Market Size Estimates and Forecast (US$ Million) (2022 To 2033)
12.3.1. By Raw Material
12.3.2. By Flavor Type
12.3.3. By Function
12.3.4. By Product Type
12.3.5. By Packaging
12.3.6. By Distribution Channel
12.3.7. By Major Country
12.3.7.1. The U.S.
12.3.7.2. Canada
13. Europe Herbal Tea Market: Estimates & Forecast Trend Analysis
13.1. Europe Herbal Tea Market Assessments & Key Findings
13.2. Europe Herbal Tea Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Europe Herbal Tea Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
13.3.1. By Raw Material
13.3.2. By Flavor Type
13.3.3. By Function
13.3.4. By Product Type
13.3.5. By Packaging
13.3.6. By Distribution Channel
13.3.7. By Major Country
13.3.7.1. Germany
13.3.7.2. The U.K.
13.3.7.3. France
13.3.7.4. Italy
13.3.7.5. Spain
13.3.7.6. Rest of Europe (includes all other European countries)
14. Asia Pacific Herbal Tea Market: Estimates & Forecast Trend Analysis
14.1. Asia Pacific Herbal Tea Market Assessments & Key Findings
14.2. Asia Pacific Herbal Tea Market Share (%) Estimates and Forecasts, 2022 & 2033
14.3. Asia Pacific Herbal Tea Market Size Estimates and Forecast (US$ Million) (2022 To 2033)
14.3.1. By Raw Material
14.3.2. By Flavor Type
14.3.3. By Function
14.3.4. By Product Type
14.3.5. By Packaging
14.3.6. By Distribution Channel
14.3.7. By Major Country
14.3.7.1. China
14.3.7.2. Japan
14.3.7.3. India
14.3.7.4. ASEAN
14.3.7.5. South Korea
14.3.7.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
15. Middle East & Africa Herbal Tea Market: Estimates & Forecast Trend Analysis
15.1. Middle East & Africa Herbal Tea Market Assessments & Key Findings
15.2. Middle East & Africa Herbal Tea Market Share (%) Estimates and Forecasts, 2022 & 2033
15.3. Middle East & Africa Herbal Tea Market Size Estimates and Forecast (US$ Million) (2022 To 2033)
15.3.1. By Raw Material
15.3.2. By Flavor Type
15.3.3. By Function
15.3.4. By Product Type
15.3.5. By Packaging
15.3.6. By Distribution Channel
15.3.7. By Major Country
15.3.7.1. GCC
15.3.7.2. South Africa
15.3.7.3. Egypt
15.3.7.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
16. Latin America Herbal Tea Market: Estimates & Forecast Trend Analysis
16.1. Latin America Market Assessments & Key Findings
16.2. Latin America Herbal Tea Market Share (%) Estimates and Forecasts, 2022 & 2033
16.3. Latin America Herbal Tea Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
16.3.1. By Raw Material
16.3.2. By Flavor Type
16.3.3. By Function
16.3.4. By Product Type
16.3.5. By Packaging
16.3.6. By Distribution Channel
16.3.7. By Major Country
16.3.7.1. Brazil
16.3.7.2. Mexico
16.3.7.3. Rest of Latin America (includes all other Latin America countries)
17. Competitive Landscape
17.1. Herbal Tea Market Revenue Share Analysis (%), By Major Players (2021)
17.2. Herbal Tea Market Competition Matrix, By Leading Players
17.3. Herbal Tea List of Emerging, Prominent & Leading Players
17.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, Etc.
18. Company Profiles
18.1. Tielka
18.1.1. Company Overview & Insights
18.1.2. Financial Performance
18.1.3. Product / Service Portfolio
18.1.4. Geographical Footprint & Share
18.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
18.2. Mountain Rose Herbs
18.3. Tega Organic Teas
18.4. Terra teas
18.5. Arbor teas
18.6. Tetley
18.7. Indigo herbs
18.8. The Indian Chai
18.9. Twinings
18.10. Organic India
18.11. Tata Consumer Distribution Channel
18.12. Hain Celestial
18.13. Associated British Foods plc
18.14. BARRY'S TEA
18.15. Harney & Sons Fine Teas
18.16. Nestl S.A.
18.17. Mother Parkers Tea & Coffee Inc
18.18. Martin Bauer Group
18.19. Unilever PLC
18.20. Bigelow Teaamong
18.21. Others
19. Assumptions and Research Methodology
19.1. Data Mining
19.2. Secondary Research
19.3. Primary Research
19.4. Subject Matter Expert Advice
19.5. Quality Check
19.6. Final Review
19.7. Data Triangulation
19.8. Bottom-Up Approach
19.9. Top Down Approach
19.10. Research Flow
19.11. Key Insights from Industry Experts
19.12. Data Sources
19.13. Assumptions
19.14. Limitations
20. Conclusions and Recommendations
20.1. Key Research Findings and Conclusion
20.2. Key Insights & Recommendations from Analysts