The global herbal tea market provides a variety of natural infusions incorporating herbs, fruits, and botanicals. Herbal teas such as dandelion and nettle support natural detox processes, acting as potential diuretics and aiding liver function. Rich in antioxidants, these teas may neutralize free radicals for health benefits. With a broad range of flavors and potential wellness advantages, herbal teas have become popular as natural alternatives to traditional caffeinated beverages, contributing to the market's growth.
Data Bridge Market Research analyzes that the Global 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.
"Growing adoption of healthy consumables drive the market growth"
The herbal tea market gains momentum from the perceived health benefits of these beverages, aligning with the rising emphasis on health and wellness. Consumers seeking natural and holistic options are drawn to herbal teas' plant-based appeal, functional properties, antioxidant content, and caffeine-free nature. Favored for stress relief, relaxation, and diverse flavors, herbal teas provide a customizable and comforting beverage. Amid a broader trend toward holistic health, they offer a wellness-focused alternative, meeting individuals' evolving preferences and prioritizing enjoyment alongside potential health advantages in their beverage choices.
What restraints the growth of the global herbal tea market?
" Labour exploitation on plantations hamper the market growth"
Labor exploitation severely hampers the herbal tea market by tarnishing the reputation of companies engaged in production and distribution. As consumers increasingly prioritize corporate social responsibility and ethical practices, revelations of unethical labor practices trigger swift public backlash, eroding trust and damaging brand image. In a market where health and wellness values align with ethical considerations, the association with labor exploitation becomes a potent restraint, potentially leading to a decline in consumer loyalty, sales, and market share.
Segmentation: Global Herbal Tea Market
The global herbal tea market is segmented on the basis of type, function, packaging type, raw material, product type, application, and distribution channel.
- On the basis of type, the global herbal tea market is segmented into cinnamon, dandelion, chamomile, ginger, turmeric, blends, and others
- On the basis of function, the global herbal tea market is segmented into cognitive health, gut and digestive health, multifunctional, and others
- On the basis of packaging type, the global herbal tea market is segmented into loose tea, paper pouches, tea bags, carton packs, and can packaging
- On the basis of raw material, the global herbal tea market is segmented into green tea, black tea, and yellow tea
- On the basis of product type, the global herbal tea market is segmented into syrups, premixes, powdered ready to drink, and liquid ready to drink
- On the basis of application, the global herbal tea market is segmented into commercial consumption, and individual consumption
- On the basis of distribution channel, the global herbal tea market is segmented into store-based, and non-store-based
Regional Insights: Asia-Pacific is expected to dominate the Global Herbal Tea Market
Asia-Pacific is expected to dominate the global herbal tea market, propelled by robust production and sales in countries such as China, Japan, and India. The region experiences significant market growth due to the perceived anti-aging and detoxifying properties of herbal teas, coupled with a rising trend of tea consumption across diverse demographics. China, particularly, is anticipated to lead, fueled by a surge in tea retail outlets.
Recent Developments: Global Herbal Tea Market
- In April 2022, Unilever acquired Pukka Herbs Ltd., a renowned herbal tea company, enhancing Unilever's portfolio with a broader range of organic and natural products
- In March 2022, Tata Global Beverages introduced "Teavana Wellness Teas," expanding its herbal tea presence globally, marking a strategic move to meet the increasing demand for wellness-focused and natural beverage options in the market
To know more about the study, visit https://www.databridgemarketresearch.com/reports/global-herbal-tea-market
The Prominent Key Players Operating in the Global Herbal Tea Market Include:
- 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.)
- Republic of Tea (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)
Above are the key players covered in the report, to know about more and exhaustive list of global herbal tea market companies, contact: https://www.databridgemarketresearch.com/contact
Research Methodology: Global Herbal Tea Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
