Herbal Tea Market is expected to reach USD 5,445.22 million with CAGR of 6.50% by 2029

Global Herbal Tea Market By Type (Cinnamon, Dandelion, Chamomile, Ginger, Turmeric, Blends, Others), Function (Cognitive Health, Gut and Digestive Health, Multifunctional, Others), Packaging Type (Loose Tea, Paper Pouches, Tea Bags, Carton Packs, Can Packaging), Raw Material (Green Tea, Black Tea, Yellow Tea), Product Type (Syrups, Premixes, Powdered Ready to Drink, Liquid Ready to Drink), Application (Commercial Consumption, Individual Consumption), Distribution Channel (Store-Based, Non-Store-Based)- Industry Trends and Forecast to 2029

Herbal tea is a refreshing drink that aids in stress reduction and is widely consumed around the world. Herbal tea has a high concentration of antioxidants and flavonoids. They may have anti-cancer and anti-aging properties, making them a healthier choice.

Data Bridge Market Research analyses that the herbal tea market was valued at USD 3,290.17 million in 2021 and is expected to reach the value of USD 5,445.22 million by 2029, at a CAGR of 6.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

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 The herbal tea market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to herbal tea market.

Some of the major players operating in the herbal tea market are:

Tata Consumer Product Limited (India)
Unilever (UK)
Associated British Foods plc (UK)
Vahdam (India)
Celestial Seasonings,(US)
Bombay Burmah Trading Corporation Limited (India)
Stash Tea (US)
Bigelow Tea (US)
Shangri-la Tea (US)
Yogi (US)
Republic of Tea (US)
Mighty Leaf Tea (Canada)
Numi, Inc. P.B.C (US)
ONO TEAS Pvt. Ltd, (India)
Dilmah Ceylon Tea Company PLC (Sri Lanka)
Apeejay Surrendra Group (India)

Herbal tea is made from dried leaves, nuts, barks, seeds, grasses, fruits, flowers, and roots of various plants. Herbal teas are used for a variety of therapeutic purposes. Herbal tea is consumed for its health benefits, such as improved digestive and immune systems. Popular herbal teas include green tea, peppermint tea, chamomile tea, ginseng tea, ginger tea, cinnamon tea, and others.

Herbal Tea Market Dynamics

Drivers

Growing adoption of healthy consumables as well as agricultural benefits associated with herbal tea

One of the most important factors driving market growth is the growing consumer preference for safe, chemical-free, and healthy consumables. Furthermore, herbal tea farming is based on ecological processes, biodiversity, and cycles that are tailored to local conditions, which keeps the soil rich and fertile and promotes plant biodiversity. This, along with rising initiatives by governing bodies in a variety of countries to encourage the adoption of sustainable agricultural practises through various incentives and subsidies, is contributing to market growth.

Growing demand for herbal tea ingredients in personal care industry as well as expansion of retail market.

An increasing working population, rising demand for ready-to-use products, and expanding retail markets are some of the factors expected to drive global market growth during the forecast period. The rising popularity of herbal tea as a natural ingredient in personal care products is expected to drive growth in the global herbal tea market. Rising disposable income levels, rising food and beverage expenditure, and rising consumer awareness of healthy lifestyles are also expected to drive herbal tea market growth.

Opportunity

To reduce their carbon footprint, several manufacturers are developing tea bags with compostable and biodegradable outer packaging. In order to broaden their product portfolio and increase overall sales, they are also introducing ready-to-drink variants. They are also investing in innovative marketing strategies and celebrity endorsements, which are expected to drive market growth in the coming years.

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Recent Development

Sariwangi, an Indonesian tea brand owned by Unilever, announced the June 2019 release of its new 3-in-1 Chamomile Herbal tea products. The new product line from the company includes two flavours of powdered milk tea: caramel and Teh Tarik.
Wagh Bakri Tea Group, a premium tea company headquartered in Gujarat, India, announced in May 2019 that it has introduced tea packaging for its Chamomile Herbal teas as part of its centennial celebrations.
Ajinomoto General Foods Inc., a major player in the Chamomile Herbal teas market, announced a joint venture in Japan with , a global technology leader, in November 2019.

The herbal tea market is segmented on the basis of type, function, packaging type, raw material, product type, application, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Cinnamon
Dandelion
Chamomile
Ginger
Turmeric
Blends
Others

Function

Cognitive Health
Gut and Digestive Health
Multifunctional
Others

Packaging type

Loose Tea
Paper Pouches
Tea Bags
Carton Packs
Can Packaging

Raw material

Green Tea
Black Tea
Yellow Tea

Product type

Syrups
Premixes
Powdered Ready to Drink
Liquid Ready to Drink

Distribution channel

Store based
Non store based

Application

Commercial Consumption
Individual Consumption

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The countries covered in the herbal tea market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The Asia-Pacific herbal tea market is expected to account for a significant revenue share of the target market. Growing production and sales of tea in the region's countries China, Japan, and India, owing to the products' anti-aging and detoxifying properties, as well as rising tea consumption among people of all ages and genders is expected to drive market growth in Asia Pacific. Another factor expected to drive target market growth is an increase in the number of tea retail outlets.

The North America market is expected to grow at a faster rate due to increased demand and consumption of green tea, as well as higher per capita tea consumption in the region, which is expected to be a major factor driving North America herbal tea market growth.

Key Elements that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the "Herbal Tea market" market.
• Key market trends cracking up the growth of the "Herbal Tea market" market.
• Challenges to market growth.
• Key vendors of "Herbal Tea market" market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global "Herbal Tea" market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

View Detailed Table of Content @ https://www.databridgemarketresearch.com/toc/?dbmr=global-herbal-tea-market

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