Herbal Tea Market: Revenue, and Growth Analysis 2025

Asia Pacific is the largest herbal tea market and expected to witness substantial growth over the forecast period. This attributed to high consumption of tea in countries such as China, India, and Japan. Moreover, increasing awareness of health benefits of consumption of herbal tea such as regulation of blood sugar and growing tea industry are factors expected to propel growth of the herbal tea market in Asia Pacific. For instance, according to Tea Board of India, production of green tea in India was 1.19 billion kg in 2014–2015 which increased by 3% to 1.23 billion kg in 2015–2016. Furthermore, increasing production of green tea is aiding in growth of herbal tea market. For instance, according to Tea Board of India, production of green tea in India was 14.89 million kg in 2014–2015 which increased to 19.19 million kg in 2015–2016.

Ask for detailed Sample of the Research Report @ https://www.coherentmarketinsights.com/insight/request-sample/1324

North America was the second largest region in the global market in 2016, owing to rising awareness among consumers to improve their health and wellness. According to the Tea Association of the U.S., in 2017, the people in the country consumed over 84 billion servings of tea, out of which 13% was green tea.

Europe is expected to be a lucrative market for herbal team, owing to increasing consumption of tea in this region. According to the Centre for the Promotion of Imports from developing countries, tea consumption in Europe was pegged at 229 thousand tons in 2015. According to European Commission, U.K. held the highest tea consumption of 113.40 tons followed by Germany, France, and Poland in 2015. According to the German Herbal and Fruit Tea Trade Association (WKF), in 2013, people in the county consumed 13 billion cups of herbal tea.

Herbal tea market is highly competitive with manufacturers adopting various strategies such as new product launches, merger and acquisitions, and collaborations to sustain their market position. For instance, Twining Crosfield and Company Ltd. launched Berry Fusion, Lemon Delight, and Buttermint herbal tea in November 2017. Sipwise Beverages Private Limited launched green tea and herbal beverage range in May 2017. In February 2015, Honest Tea launched cinnamon sunrise herbal tea and ginger oasis herbal tea. Unilever PLC acquired Pukka Herbs Ltd., a herbal tea manufacturer in September 2017.

Some of the players operating in the global herbal tea market include Tata Global Beverages Limited, Martine Bauer Group, Unilever PLC, Twining Crosfield and Company Ltd., ITO EN Inc., Dilmah Ceylon Tea Company PLC, Mother Parkers Tea & Coffee Inc., and Surya Herbal Ltd.

View More Infromation @ https://www.coherentmarketinsights.com/ongoing-insight/herbal-tea-market-1324

Rising trend of consumption of ready-to-drink tea (RTD) is further fuelling growth of the herbal tea market. Therefore, manufacturers are focusing on offering RTD herbal tea, in order to expand their customer base. For instance, in January 2018, Teavana Holdings, Inc. launched unsweetened strawberry apple green craft iced tea, which is a green tea with lemongrass and fruit flavor. However, easy availability of substitute products such as coffee is expected to hinder growth of the herbal tea market.


Herbal Tea Market Taxonomy

Based on product type, herbal tea market is segmented into: Green Tea,Yellow Tea

Based on flavor, herbal tea market is segmented into:Ginger, Lemongrass, Peppermint, Chamomile, Ginseng, Cinnamon, Others

Based on distribution channel, herbal tea market is segmented into: Convenience stores, Hypermarket, Supermarket, Online stores,Others

 

You may be interested

Medical Illumination Systems Market Increasing Demand and Future Potential of Industry 2018-2026
Business
Business

Medical Illumination Systems Market Increasing Demand and Future Potential of Industry 2018-2026

Rachel Stinson - December 18, 2018

Medical Illumination Systems Market Report 2018 look into the study is an exceptionally tenacious examination on aggressive scene investigation, prime makers, showcasing procedures examination, Market Effect Factor…

Organ Preservation Market – How the Market Will Witness Substantial Growth in the Upcoming years
Business
Business

Organ Preservation Market – How the Market Will Witness Substantial Growth in the Upcoming years

Amol Bade - December 18, 2018

Organ Preservation Market Report 2018 look into the study is an exceptionally tenacious examination on aggressive scene investigation, prime makers, showcasing procedures examination, Market Effect Factor Analysis…

Wearable Medical Devices Market Research Scope Industry Chain Analysis & Opportunities 2018 to 2026
Healthcare
Healthcare

Wearable Medical Devices Market Research Scope Industry Chain Analysis & Opportunities 2018 to 2026

Albert R - December 18, 2018

Wearable Medical Devices Market Report 2018 look into the study is an exceptionally tenacious examination on aggressive scene investigation, prime makers, showcasing procedures examination, Market Effect Factor…

Most from this category