openPR Logo
Press release

Functional Tea Market Analysis 2018 | Industry Updates and Top Key Players | Tata Tea, Herbaty Szlachetne Sp. Z O.O., Godrej Tea, Mate Factor and Organic India

02-27-2018 11:17 AM CET | Fashion, Lifestyle, Trends

Press release from: Market Research Future

Functional Tea Market Analysis 2018 | Industry Updates and Top

Latest Industry News:
October 2017 British tea brand Natur Boutique has launched a range of single-ingredient teas with flavours, and functional benefits, inspired by Asia to tap the demand surge for the functional tea market.

June 2017 Tetley tea has announced plans for its tea business to become a billion-dollar brand by 2020.One of the ways the company is employing involves aggressively tapping the non-black tea and the functional tea segment and is in various stages of ideation to launch new segments to improve sales globally and garner maximum market share. In line with this, the Company has recently launched a few premium tea mostly herbal and functional and within a year of launch, has garnered one per cent of the total tea market in the UK and about 5 per cent of the tea market in Canada through its Ayurveda range.

Market Overview:
Teas are a particularly popular form of hot beverage that is consumed widely around the world. This has led to the cultivation of various kinds of tea blends that serve specific tastes and function. One such type of tea that is gaining prominence are functional teas. The functional tea industry is in its primary stages of expansion but the market is developing significantly well. With a sharp rise observed in the consumer interest for wellness products, the sector will show promising growth in the near future.

Receive Sample Report @ https://www.marketresearchfuture.com/sample_request/3122

Functional Tea Market in Asia Pacific region is growing at higher rate as compared to other regions around the world with the top five exporters of functional teas being Kenya, China, Sri Lanka, India and Indonesia. The popularity and increase in the market for functional tea can be attributed to the changing lifestyle factors and problems they can address. Functional teas take care of health issues such as obesity, stress, stomach related problems to name a few. The anti-oxidants in the tea also reduce the effects of pollution and ageing. Growing demand levels have led to the development of various types of tea along with the introduction of different ingredients and flavors to suit different requirements and flavor profiles.

The factors that are driving demand for this sector is the increased levels of health awareness and rising demand level for healthy teas are the primary factors motivating the market. New innovations in the cultivars and availability of resources have positively impacted the demand for functional teas. Since the introduction of functional tea blends, many consumers have swapped their regular coffee or teas to adapt a healthier alternative which has increased demand for this market. Thereby the market for functional teas is poised for further growth and expansion. The market may be restricted due to competition with other types of tea and inability to meet demand for the functional teas.

Competitive Analysis:
With the entry of industry players in the global functional tea segment, a trend of solid, volume-driven growth has been observed in the market with the introduction of various varieties of functional tea. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. With a positive trend observed due to use of modern techniques, to eliminate the seasonality factor for functional tea, the supply can be considerably increased which allows exploration of newer markets and applications.

The key players profiled in the functional tea market are as Tata Tea Limited (India), Herbaty Szlachetne Sp. Z O.O. (Poland), Guangzhou Lohas Biological Technology Co., Ltd (China). Some of the other notable market players are Godrej Tea (India), The Mate Factor (U.S.), Organic India (India) and Wuhan z-Micro Unite S&T Co., Ltd. (China)

Access Report Details @ https://www.marketresearchfuture.com/reports/functional-tea-market-3122

Regional Analysis:
The Functional Tea Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Asia Pacific has the major market share followed by North America. The major tea producing countries are located in Asia Pacific region which is the key factor behind the major market share of Asia Pacific region. Functional tea market in Asia Pacific region is growing at significant rate due to increasing consumption of functional tea in countries like China and India where large consumer base is available. The business expansion of key players in Middle East and Africa region is playing a key role in growth of functional tea market especially in countries like Iran and Kenya.

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Functional Tea Market Analysis 2018 | Industry Updates and Top Key Players | Tata Tea, Herbaty Szlachetne Sp. Z O.O., Godrej Tea, Mate Factor and Organic India here

News-ID: 959237 • Views:

More Releases from Market Research Future

9-Decanoic Acid Methyl Ester Market Poised for Strong 6.59% CAGR Growth Through 2035
9-Decanoic Acid Methyl Ester Market Poised for Strong 6.59% CAGR Growth Through …
The 9-decanoic acid methyl ester market is a growing sector driven by the increasing demand for bio-based and sustainable chemical products across various industries. With its unique properties, it finds application in flavors and fragrances, pharmaceuticals, personal care, and as a chemical intermediate. The market is projected to expand significantly in the coming years. Market Overview and Size The global 9-decanoic acid methyl ester market was valued at USD 230.0 million in
Washable Marker Market Poised for 3.54% CAGR Growth During 2024-2032
Washable Marker Market Poised for 3.54% CAGR Growth During 2024-2032
The washable marker market is a dynamic and growing segment within the broader stationery and art supplies industry. Driven by a blend of consumer demands for safety, convenience, and sustainability, the market is experiencing consistent expansion, particularly within the education and home-use sectors. While faced with some challenges, the industry's future looks promising, propelled by product innovation and evolving consumer trends. Get Sample @ https://www.marketresearchfuture.com/sample_request/41217 Market Size and Growth The global washable
Phone Car Mounts Market to Reach USD 7.37 Billion by 2034, Growing at 6.47% CAGR
Phone Car Mounts Market to Reach USD 7.37 Billion by 2034, Growing at 6.47% CAGR
The phone car mounts market, a critical sub-segment of the broader automotive accessories industry, is experiencing robust growth driven by a convergence of technological advancements, evolving consumer behavior, and increasingly stringent road safety regulations. As smartphones become indispensable for navigation, communication, and in-car entertainment, the demand for secure and convenient hands-free solutions continues to escalate. The global phone car mounts market was valued at USD 3.93 billion in 2024 and
Intravenous (IV) Solution Market Set to Grow to USD 26.60 Billion at 7.70% CAGR by 2032
Intravenous (IV) Solution Market Set to Grow to USD 26.60 Billion at 7.70% CAGR …
Market Overview: The Intravenous (IV) Solution Market is estimated to be valued at USD 13.9 billion in 2023 and is projected to reach USD 26.60 billion by 2032, expanding at a compound annual growth rate (CAGR) of 7.70% from 2024 to 2031. The market growth is attributed to the rising prevalence of chronic diseases, growing hospitalization rates, and increasing surgical procedures that require IV fluid administration. Intravenous solutions are critical

All 5 Releases


More Releases for Tea

Scented Tea Market Growing Popularity and Emerging Trends | Numi Tea, Ahmad Tea, …
Latest Study on Industrial Growth of Global Scented Tea Market 2022-2028. A detailed study accumulated to offer Latest insights about acute features of the Scented Tea Market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and
Green Tea Market is Booming Worldwide | Longrun Tea, Dayi Tea, Yabukita
Green Tea Market - Global Trends, Insights to 2028 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Green Tea Market - Global Trends, Insights to 2028 Market. Some of the key players profiled in
Green Tea Market Size | Status | Top Players - Longrun Tea, Dayi Tea Group, Chin …
Green Tea Market describes an in-depth evaluation and Covid19 Outbreak study on the present and future state of the Green Tea market across the globe, including valuable facts and figures. Green Tea Market provides information regarding the emerging opportunities in the market & the market drivers, trends & upcoming technologies that will boost these growth trends. The report provides a comprehensive overview including Definitions, Scope, Application, Production and CAGR (%)
Black Tea Market to see Huge Growth by 2026: Barrys Tea, Tea Leaves AUST, TWG Te …
The "Black Tea - Market Development Scenario " Study has been added to HTF MI database. The study envisage qualitative as well as quantitative market data and follows Industry benchmark classification and NAICS standards to built strong players coverage for final study. Some of the major and emerging players identified are Barrys Tea, Tea Leaves AUST Pty Ltd, TWG Tea, Basilur Tea, The Republic of Tea, Yogi Tea, ITO EN
Pu-erh Tea Market, Business Will Grow in 2026, Prominent Players: Zhongcha, Lang …
AMR team is working exclusively on COVID-19 impact on various Pu-erh Tea market. The COVID-19 update is in progress and our research team is doing primary research activity to find out the revised growth curve of across all the industries at country level. Conducting an exclusive study keeping COVID-19 in mind would help client to interpret the economic impact in near-terms of and long term future. AMR research team is
Organic Tea Market Is Booming Worldwide | Bigelow Green Tea, Dilmah Organic Tea, …
HTF MI recently introduced Global Organic Tea Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Bigelow Green Tea, Dilmah Organic Tea, EDEN, Coconut Pouchong Tea, Allegro