The global Herbal Tea market size is expected to touch USD 6.53 Billion by 2032, growing at a CAGR of 6.53% between 2023 and 2032.
Herbal tea, also known as herbal infusion or tisane, refers to a beverage made by various herbs, spices, flowers, or other plant materials in hot water. Herbal teas are popular for their distinct flavors, aromas, and often their potential health benefits. Common examples of herbal teas include chamomile tea, peppermint tea, ginger tea, turmeric tea and hibiscus tea. Due to changing customer preferences for healthier beverage options and a rising interest in all-natural wellness options, the market for herbal tea has seen a remarkable increase in popularity and demand in recent years.
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The growing importance of health and wellness is one of the major growth factors. Herbal tea has a number of potential health advantages, including antioxidants, anti-inflammatory qualities, and calming effects, which are becoming more and more popular as people grow more health-conscious and look for natural alternatives to regular drinks.
Growth factors
Increased population, disposable income, and growing health awareness of the consumers are the major drivers of this Market. Common factors like trends, and consciousness among the peoples of the country have a major effect on the demand for Herbal Tea.
Herbal tea can help with tiredness, digestion, joint discomfort, and improved sleep, among other things. Consequently, herbal tea simply considered as a natural substitute for prescription medications. raising the eventual demand for herbal tea. The demand for herbal tea is also rising as the incidence of acidity, stomach ulcers, and other digestive ailments and ailments is increasing the demand for herbal tea.
Herbal Tea Market Scope:
Attribute
|
Details
|
Market Size in 2022
|
USD 3.49 Billion
|
Estimated Market Size in 2032
|
USD 6.53 Billion
|
CAGR Growth Rate
|
6.5% CAGR
|
Base Year
|
2022
|
Forecast Years
|
2023-2032
|
Segment covered
|
by Raw Material,
by Flavor Type,
by Distribution Channel,
by Packaging
|
Regions Covered
|
North America
Europe
- U.K
- France
- Germany
- Italy
- Spain
- Rest Of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South East Asia
- Rest Of Asia Pacific
Latin America
- Brazil
- Argentina
- Rest Of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest Of Middle East & Africa
|
Report Highlights:
Based on Raw Material: Based on raw material, the market is further segmented into Green Tea, Black Tea, Yellow Tea. The herbal tea market is dominated by green tea. This could be explained by the youth's preference for green tea, which is healthier.
By Flavor Type: Ginger and turmeric segment is expected to grow rapidly. demand for ginger herbal tea is expected to grow significantly. Over the forecast period. Ginger does contain bioactive complexes, which works well with throat infections.
By Distribution Channel: The Supermarkets/Hypermarkets segment holds a major share of over 35% in 2022.
Based on the Packaging Type, the tea bags segment is projected to grow at a maximum CAGR of in the global herbal tea market during the forecast period. Loose Tea is dominating the market share at present and is likely to continue the trend in the forecast period.
Regional Insights
Due to the high consumption of herbal tea in nations like India, China, and Japan, the Asia Pacific region currently holds the greatest market share in terms of revenue and is predicted to keep this position during the forecast period. North America is a mature market for herbal tea, with a large number of companies operating in this space and a high level of adoption among retailers.
List of Key Players in the Global AI in Retail:
- Tielka
- Mountain Rose Herbs
- Tega Organic Teas
- Terra teas
- Aror teas
- Hain Celestial
- Tetley
- Indigo herbs
- The Indian Chai
- Twinings
- Organic India
- BARRY’S TEA
- Harney & Sons Fine Teas
Market Segmentation
By Raw Material
- Green Tea
- Black Tea
- Yellow Tea
By Flavor Type
- Chamomile
- Peppermint
- Lemongrass
- Ginger
- Turmeric
- Others
By Packaging
- Loose Tea
- Paper Pouches
- Tea Bags
- Plastic Containers
- Aluminium Tins
By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Retail
- Others
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