Press release
Herbal Tea Market 2022 Growth Opportunities, Top Players, Regions, Application, and Forecast to 2030
Herbal tea has become increasingly popular over the last several decades due to its colourful flavour as well as its mental and physical health advantages. Herbal mixes were once valued for their ability to evoke spiritual awareness and enable consumers.If herbal tea is simply viewed as a natural alternative to prescription medications, it could be a key element in increasing its popularity in the near future. Because many people suffer from sleep deprivation for a variety of causes, herbal tea can be used to alleviate this problem, fueling market growth. The expansion of the herbal tea market in the coming years will be influenced by a rise in population as well as an increase in disposable income.
Global Herbal Tea Market was worth USD 3289.67 million in 2020 and is anticipated to accumulate a valuation of USD 4877.90 million by 2030, registering a CAGR of 4.89% over 2022-2030.
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Herbal tea is an infusion made from a range of edible, non-tea plant leaves, fruits, flowers, and roots. In Europe and a few other parts of the world, it's referred to as tisanes. Herbal tea is not a legitimate tea because it is not made from the Camellia sinensis plant (the same plant that produces black, green, and oolong tea). With individuals becoming more health-conscious, it's becoming a new fad.
For health-conscious folks and diabetics, herbal tea can be taken with sugar or honey, with or without fruit juices. Herbal tea reduces caffeine intake and helps to lower blood sugar levels. Herbal teas include ginger, ginkgo biloba, ginseng, hibiscus, jasmine, rosehip, mint, chamomile, and others.
Global Herbal Tea Market- Segment Analysis
Major Key Players
• 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
• Nestlé S.A.
• Mother Parkers Tea & Coffee Inc
• Martin Bauer Group
• Unilever PLC
• Bigelow Teaamong
By raw material
• Green tea
• Black tea
• Yellow
By Flavor Type
• Chamomile
• Peppermint
• Lemongrass
• Ginger
• Hibiscus
• Fruits
By Function
• Cognitive Health
• Gut and Digestive Health
• Multifunctional
• Others
By Product Type
• Instant Premixes
• Liquid
• Powdered RTD and syrups
By Packaging
• Loose Tea
• Paper Pouches
• Tea Bags
• Plastic Containers
• Aluminum Tins
By Distribution Channel
• Supermarkets/Hypermarkets
• Specialty Stores
• Convenience Stores
• Online Retails
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.
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Table of Contents
1. Global Herbal Tea Market Introduction and Market Overview
2. Global Herbal Tea Market - Executive Summary
3. Herbal Tea Market Trends, Outlook, and Factors Analysis
4. Global Herbal Tea Market: Estimates & Historic Trend Analysis (2018 to 2021)
5. Global Herbal Tea Market Estimates & Forecast Trend Analysis, by Deployment
6. Global Herbal Tea Market Estimates & Forecast Trend Analysis, by Component
7. Global Herbal Tea Market Estimates & Forecast Trend Analysis, by Content Type
8. Global Herbal Tea Market Estimates & Forecast Trend Analysis, by End Use
9. Global Herbal Tea Market Analysis and Forecast, by Region
10. North America Herbal Tea Market: Estimates & Forecast Trend Analysis
11. Europe Herbal Tea Market: Estimates & Forecast Trend Analysis
12. Asia Pacific Herbal Tea Market: Estimates & Forecast Trend Analysis
13. Middle East & Africa Herbal Tea Market: Estimates & Forecast Trend Analysis
14. Latin America Herbal Tea Market: Estimates & Forecast Trend Analysis
15. Competitive Landscape
16. Company Profiles
17. Assumptions and Research Methodology
18. Conclusions and Recommendations
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Impact Analysis of COVID-19 on the Global Tea Market
The novel coronavirus pandemic has wreaked havoc on several industries, including the tea industry, which has suffered from import-export restrictions, labour shortages, supply chain disruptions, and a decline in manufacturing processes as a result of complete lockdown situations and social distancing measures. For example, Kenya, Africa's largest tea exporting country, was severely impacted by the pandemic due to transportation disruptions. Furthermore, the epidemic had a significant impact on India, the world's second largest tea producer, due to the entire suspension of production facilities for months, affecting tea producers and their livelihoods.
Several companies are assisting society in recovering from the chaotic circumstances through technical developments, ideas, and efforts. Several companies are assisting society in recovering from the chaotic circumstances through technical developments, ideas, and efforts. For example, on September 25, 2020, the Assam government announced four new programmes to help the tea industry, which has been affected hard by pandemic restrictions. The government will pay 3% interest on the capital loan under the scheme. To encourage tea production and export, the government will pay a Rs. 7 per kilogramme subsidy. In addition, the government would provide a 25% subsidy for the acquisition of tea-growing plants and machinery. In addition, for the next three years, the government has waived the agriculture income tax for tea garden owners. Tea output and export are expected to increase as a result of such activities.
Frequently Asked Questions
Q1. What is the size of the global tea market?
Q2. Which are the major companies in the tea market?
Q3. Which region, among others, possesses greater investment opportunities in the near future?
Q4. What will be the growth rate of the Asia-Pacific tea market?
Q5. What are the strategies opted by the leading players in this market?
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