Herbal tea is beverages that are made from the infusion or decoction of herbs, spices, or other plant material in hot water. The term "herbal tea" is often used in contrast to true teas prepared from the cured leaves of the tea plant, Camellia sinensis. Also, moderate intake is healthy for most people; drinking too much could lead to adverse side effects, such as anxiety, headaches, digestive issues, and disrupted sleep patterns. Most people can drink 3"4 cups (710"950 ml) of tea daily without adverse effects, but some may experience side effects at lower doses.
MARKET DYNAMICS
The herbal tea market has witnessed a significant growth due to a rising demand for organic products due to health concerns caused by chemical additives present in conventional products. Moreover, the increasing demand for natural products in developed economies is expected to offer lucrative opportunities to market players in the coming years. However, the high costs of herbal tea compared to its regular counterpart and limited product awareness in underdeveloped nations are expected to hamper the growth of the herbal tea market at the global level during the forecast period.
MARKET SCOPE
The "Global Herbal Tea Market Analysis to 2028"? is a specialized and in-depth study of the consumer goods materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the herbal tea market with detailed market segmentation raw material, flavor type, product type, packaging type, and geography. The global herbal tea market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading herbal tea market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global herbal tea market is segmented on the basis of raw material, flavor type, product type and packaging type. On the basis of raw material, the global herbal tea market is divided into green tea, black tea and yellow tea. On the basis of flavor type, the global herbal tea market is divided into chamomile, ginger, hibiscus, fruit, lemongrass and peppermint. On the basis of product type, the market is divided into syrups, premixes, powdered ready to drink and liquid ready to drink. On the basis of packaging type, the market is divided into loose tea, paper pouches, tea bags, carton packs and can packaging.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global herbal tea market based on various segments. It also provides marketsize and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The herbal tea market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the herbal tea market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the herbal tea market in these regions.
MARKET PLAYERS
The reports cover key developments in the herbal tea market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers from herbal tea market is anticipated to lucrative growth opportunities in the future with the rising demand for herbal tea in the global market. Below mentioned is the list of few companies engaged in the herbal tea market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the herbal tea market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Adagio Teas
- Buddha's Herbs
- Coffee Inc.
- Global Herbitech
- Green Earth Products Pvt. Ltd
- Martin Bauer Group
- Mothers Parkers Tea
- Nestle
- Typhoo
- Unilever
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.