Herbal Tea Market Forecast to 2030

The growing consumer preference for safe, chemical-free, and healthy consumables is one of the most important factors impacting market growth. Additionally, tea growing relies on ecological cycles, biodiversity, and methods that are adapted to local conditions, which maintains the soil's fertility and richness and promotes plant biodiversity. This results in market expansion along with greater efforts made by governments all over the world to encourage the use of sustainable agriculture practices through various incentives and subsidies.

However, it is projected that the growing acceptance of herbal tea would have a favorable effect on market expansion. Manufacturers invest in R&D to raise the caliber and flavor of their goods in an effort to draw in more customers. For instance, in response to consumer demand for low-sugar beverages, Honey Flavored Herbal Tea and Green Hills created Rum. The beverage, which is devoid of alcohol and rich in cinnamon, licorice, star anise and apple that give it an alcoholic flavor, is what, is causing the herbal tea market's income to increase.

Segment Overview

Based on type, purpose, shape, distribution channel, and location, the herbal tea market is segmented into five categories. Based on type, the herbal tea market is segmented into cinnamon, chamomile, dandelion, ginger, turmeric, mixes, and others. According to function, the herbal tea market is divided into categories such as multipurpose, gut & digestive health, and cognitive health. The market data for herbal tea has been divided into tea bags and loose leaves based on shape. The herbal tea market has been divided into store-based and non-store-based segments depending on distribution channels.

Regional Analysis

The analysis offers market information for North America, Europe, Asia-Pacific, and other regions of the world, organized by region. This is related to the rising demand for green tea and herbal tea to enhance beauty and health, which is what, is majorly driving market expansion in the region. Compared to other types of tea, this one is thought to be healthier. In addition, the India herbal tea market had the quickest rate of growth in the Asia-Pacific region, while China's herbal tea market had the greatest market share.

The United States, Germany, France, Italy, Spain, China, Japan, India, the United Kingdom, Australia, South Korea, Canada, and Brazil are other significant nations covered in the market analysis.

Because of the rising demand from customers for specialty teas, the herbal tea market in Europe holds the second-largest market share. In the retail sector in Europe, herbal tea that has been grown organically is increasingly popular. This is because there are more obesity and overweight problems in the area, which is driving up demand for and consumption of herbal tea because it helps people lose weight. Additionally, the US herbal tea market had the biggest market share, while the herbal tea market in Canada was expanding at the quickest rate in the North American continent.

Major Players

Some of the top businesses in the world include Republic of Tea (US), ONO TEAS Pvt. Ltd, (India), Numi, Inc. P.B.C (US), Apeejay Surrendra Group, Tata Consumer Product Limited (India), Celestial Seasonings, (US), Mighty Leaf Tea (Canada), Bombay Burmah Trading Corporation Limited (India), Unilever (UK) and Dilmah Ceylon Tea Company PLC (Sri Lanka).

COVID 19 Impacts

Product Code: MRFR/F-B & N/3977-CR

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVE ANALYSIS 17
- 1.1.1 GLOBAL HERBAL TEA MARKET, BY TYPE 18
- 1.1.2 GLOBAL HERBAL TEA MARKET, BY FUNCTION 19
- 1.1.3 GLOBAL HERBAL TEA MARKET, BY FORM 20
- 1.1.4 GLOBAL HERBAL TEA MARKET, BY DISTRIBUTION CHANNEL 21

2 MARKET INTRODUCTION

2.1 DEFINITION 22
2.2 SCOPE OF THE STUDY 22
2.3 MARKET STRUCTURE 23

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS 24
3.2 PRIMARY RESEARCH 25
3.3 SECONDARY RESEARCH 26
3.4 MARKET SIZE ESTIMATION 27
3.5 FORECAST MODEL 28
3.6 LIST OF ASSUMPTIONS 28

4 MARKET DYNAMICS

4.1 INTRODUCTION 29
4.2 DRIVERS 30
- 4.2.1 HIGH DEMAND FOR FUNCTIONAL BEVERAGES 30
- 4.2.2 LAUNCH OF INNOVATIVE FLAVORS 30
- 4.2.3 DRIVERS IMPACT ANALYSIS 31
4.3 RESTRAINT 31
- 4.3.1 HIGH COSTS 31
- 4.3.2 RESTRAINTS IMPACT ANALYSIS 32
4.4 OPPORTUNITY 33
- 4.4.1 RISING DEMAND FOR ORGANIC PRODUCTS 33
4.5 CHALLENGE 33
- 4.5.1 LIMITED PRODUCT AWARENESS IN DEVELOPING AND UNDERDEVELOPED ECONOMIES 33

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS 34
- 5.1.1 RAW MATERIAL PROCUREMENT 35
- 5.1.2 PROCESSING 35
- 5.1.3 PACKAGING 35
5.2 SUPPLY CHAIN ANALYSIS 36
5.3 PORTER'S FIVE FORCES MODEL 37
- 5.3.1 THREAT OF NEW ENTRANTS 38
- 5.3.2 BARGAINING POWER OF SUPPLIERS 38
- 5.3.3 BARGAINING POWER OF BUYERS 38
- 5.3.4 THREAT OF SUBSTITUTES 38
- 5.3.5 INTENSITY OF RIVALRY 38
5.4 LIST OF SUPPLIERS 39

6 HERBAL TEA MARKET, BY TYPE

6.1 OVERVIEW 40
- 6.1.1 GLOBAL HERBAL TEA MARKET ESTIMATES & FORECAST, BY TYPE, 2022-2030 41
6.2 CINNAMON 41
- 6.2.1 CINNAMON: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 41
6.3 DANDELION 42
- 6.3.1 DANDELION: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 42
6.4 CHAMOMILE 42
- 6.4.1 CHAMOMILE: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 42
6.5 GINGER 43
- 6.5.1 GINGER: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 43
6.6 TURMERIC 44
- 6.6.1 TURMERIC: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 44
6.7 BLENDS 44
- 6.7.1 BLENDS: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 44
6.8 OTHERS 45
- 6.8.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 45

7 HERBAL TEA MARKET, BY FUNCTION

7.1 OVERVIEW 46
- 7.1.1 GLOBAL HERBAL TEA MARKET ESTIMATES & FORECAST, BY FUNCTION, 2022-2030 47
7.2 COGNITIVE HEALTH 47
- 7.2.1 COGNITIVE HEALTH: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 47
7.3 GUT & DIGESTIVE HEALTH 48
- 7.3.1 GUT & DIGESTIVE HEALTH: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 48
7.4 MULTIFUNCTIONAL 48
- 7.4.1 MULTIFUNCTIONAL: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 48
7.5 OTHERS 49
- 7.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 49

8 HERBAL TEA MARKET, BY FORM

8.1 OVERVIEW 50
- 8.1.1 GLOBAL HERBAL TEA MARKET ESTIMATES & FORECAST, BY FORM, 2022-2030 51
8.2 TEA BAGS 51
- 8.2.1 TEA BAGS: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 51
8.3 LOOSE LEAF 52
- 8.3.1 LOOSE LEAF: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 52

9 HERBAL TEA MARKET, BY DISTRIBUTION CHANNEL

9.1 OVERVIEW 53
- 9.1.1 GLOBAL HERBAL TEA MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2022-2030 54
9.2 STORE-BASED 54
- 9.2.1 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 54
9.3 NON-STORE-BASED 55
- 9.3.1 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 55

10 GLOBAL HERBAL TEA MARKET, BY REGION

10.1 OVERVIEW 56
10.2 NORTH AMERICA 58

HERBAL TEA MARKET, BY TYPE

HERBAL TEA MARKET, BY FUNCTION

HERBAL TEA MARKET, BY FORM