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Organic Snack Food Market Growth Analysis, Share, Leading Key Players, Trends, And Forecast To 2033
Organic Snack Food Market Analysis
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the organic tea industry. This report on organic tea market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The organic tea market size has grown rapidly in recent years. It will grow from $0.97 billion in 2023 to $1.13 billion in 2024 at a compound annual growth rate (CAGR) of 16.5%. The growth in the historic period can be attributed to health and wellness trends, sustainability and environmental concerns, marketing and branding, quality and taste.
The organic tea market size is expected to see rapid growth in the next few years. It will grow to $1.91 billion in 2028 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be attributed to sustainability and ethical sourcing, e-commerce growth, increasing awareness and education. Major trends in the forecast period include expanding product variety, regional variations, premium and specialty teas, innovative tea flavors and blends, convenience and on-the-go options, personalized and functional teas.
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Key Market Players:
Tata Global Beverages Limited, The Unilever Group, Organic India Private Limited, Associated British Food Plc., The Stash Tea Company, ESSAMG Tea Incorporation are prominent players in the organic tea industry.
Market Drivers:
According to the Organic Tea Market Report 2024 by The Business Research Company, Rising consumer awareness about the medicinal properties of organic tea is projected to boost the demand for organic tea over the forecast period. Organic tea, a very popular beverage prepared using buds and boiling leaves obtained from Camellia Sinensis, is free of herbicides, pesticides, and synthetic fertilizers. It has antioxidant properties that have positive effects on the body. Organic tea contains a higher amount of catechins such as epicatechin, epicatechin gallate, and epigallocatechin gallate as compared to conventional tea, and is claimed to be more beneficial to the human body. Moreover, the rich taste of organic tea is making it popular among individuals, increasing the consumption of tea in developed and developing economies. The changing consumer preference towards products manufactured from natural ingredients due to the health benefits that those products offer is expected to drive the growth of the organic tea market over the forecast period.
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Market segments for organic tea include:
1) By Type: Green Tea, Black Tea, White Tea, Oolong Tea, Herbal Tea, Other Types
2) By Form: Dried Leaf, Liquid, Powder, Other Forms
3) By Product: Paper Pouches, Cans, Cartons, Tea Bags, Other Products
4) By Distribution Channel: Hypermarkets/Supermarkets, Convenience Stores, Online, Specialty Stores, Other Distribution Channels
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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