IMARC Group, a leading market research company, has recently releases report titled “Herbal Tea Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the herbal tea market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the Herbal Tea Market?
The global herbal tea market size reached US$ 3.46 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2028, exhibiting a growth rate (CAGR) of 6.57% during 2023-2028.
What is Herbal Tea market?
Herbal tea, also known as tisane, is a beverage made from the infusion or decoction of herbs, spices, or other plant materials It is infused with natural elements that impart unique flavors and therapeutic qualities to herbal teas. Herbal teas have a rich and diverse history, with origins dating back centuries in various cultures around the world. They were often cherished for their medicinal properties and soothing effects. Herbal tea has evolved beyond its traditional roots and is enjoyed for a multitude of reasons, ranging from relaxation and stress relief to digestion enhancement and overall well-being.
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What are the growth prospects and trends in the Herbal Tea industry?
The rising health consciousness among the masses is facilitating the product demand owing to its potential health benefits. In addition to this, many consumers are drawn to products that contain herbs, fruits, flowers, and spices known for their therapeutic properties and this aligns with the trend toward clean and natural ingredients in food and beverages thus fueling the market growth. Besides this, herbal teas are associated with various wellness benefits, such as aiding digestion, reducing stress, promoting better sleep, and providing antioxidants which are favoring the market growth. in line with this, as global travel and cultural exchange increases, consumers are more open to trying teas from different regions, contributing to the market's growth. Furthermore, many consumers are becoming environmentally conscious, seeking products that are sustainably sourced and packaged which in turn is impelling the growth of the market. Other factors, changing consumer preferences, rising expenditure capacities and growing preference for natural and organic products, are supporting the market growth.
Who are the key players operating in the industry?
The report covers the major market players including:
- Apeejay Surrendra Group
- Arbor Teas
- Bigelow Tea
- Celestial Seasonings (The Hain Celestial Group, Inc.)
- Dilmah Ceylon Tea Company
- Harney Sons Fine Teas
- Indigo Herbs
- Mountain Rose Herbs
- Numi, Inc.
- Pukka Herbs Limited
- Tielka Pty Ltd.
- Twining and Company Limited
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Chamomile
- Peppermint
- Lemongrass
- Ginger
- Hibiscus
- Turmeric
- Others
Breakup by Raw Material:
- Green Tea
- Black Tea
- Yellow Tea
- Others
Breakup by Packaging:
- Loose Tea
- Tea Bags
- Plastic Containers
- Aluminium Tins
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
Regional Insights:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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