Organic Tea Market is All Set to Break $2.4 Billion Barrier by 2031 with Alarming CAGR of 10.5%

According to the report published by Allied Market Research, the global Organic Tea Market was estimated at $905.4 million in 2021 and is expected to hit $2.4 billion by 2031, registering a CAGR of 10.5% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

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The cost of the raw materials directly relates to the product's worth. The cost of raw materials and commodities has a significant impact on the food and beverage industry. Companies remove a barrier called price volatility by increasing costs of final products. The price of organic tea is increasing as a result of rising labor expenses and varying raw material availability.

Top Key Players:

The major players analyzed for global organic tea industry are Tata Consumer Products, Unilever, Associated British Foods PLC, Vadham Teas Private Ltd., Celestial Seasonings, Bombay Burmah Trading Corp. Ltd., Stash Tea Company, R.C. Bigelow, Inc., Barrys Tea, Hain Celestial Group, Inc., ITO EN, Ltd., Numi, Inc., Organic Tea, Hlssen & Lyon GmbH, Tazo Tea Company, Newman's Own, Inc., PepsiCo, The Coca-Cola Company, Shangri-La Tea Company, Inc., and Yogi Tea GmbH.

Regional Outlook:

The region that dominated the global organic tea market in 2021 was Asia-Pacific, and this dominance is anticipated to continue throughout the forecast period. Health-related products are becoming more popular among consumers in China, India, Indonesia, and Japan. Compared to regular tea, organic tea is seen as being healthier. Herbal and green tea are becoming more and more popular as ways to enhance one's health and appearance.

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According to Organic Tea Market Trends by AMR exporters in both developed and developing nations faced a number of difficulties as a result of the COVID-19 pandemic. The implementation of lockdown and curfew procedures on a global scale had an impact on both domestic and foreign manufacture of organic tea, which in turn hindered market expansion. Thus, the COVID-19 pandemic had a negative influence on the Organic Tea Market Demand in 2020 as a result of decreased company sales and operations being suspended.

KEY FINDINGS OF STUDY

-> By type, the green tea segment was the highest revenue contributor to the market, with $392.4 million in 2021, and is estimated to reach $1,072.0 million by 2031, with a CAGR of 10.7%.

-> By packaging, the plastic containers segment was the highest revenue contributor to the market, with $307.4 million in 2021, and is estimated to reach $872.7 million by 2031, with a CAGR of 11.2%.

-> Depending on distribution channel, the convenience stores segment was the highest revenue contributor to the market, with $423.6 million in 2021, and is estimated to reach $1,148.6 million by 2031, with a CAGR of 10.7%.

-> Region wise, Asia-Pacific was the highest revenue contributor, accounting for $502.9 million in 2021, and is estimated to reach $1,315.4 million by 2031, with a CAGR of 10.3%.

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On the basis of packaging, the Organic Tea Market Analysis is divided into plastic containers, aluminum tins, paper boards, and others. The plastic containers segment of Organic Tea Market Growth is expected to grow at a moderate rate during the forecast period. Plastic containers are commonly available for tea storage and are a popular choice. Consumers frequently purchase tea in plastic containers because they come in a range of forms and sizes.

Check out more related studies published by AMR Research:

Green Tea Market - https://www.alliedmarketresearch.com/green-tea-market

Hemp Tea Market - https://www.alliedmarketresearch.com/hemp-tea-market-A31565

Kombucha Market - https://www.alliedmarketresearch.com/kombucha-market-A10962

A2 Milk Market - https://www.alliedmarketresearch.com/a2-milk-market-A06359

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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