herbal tea market 1

Herbal Tea Market is expected to register a CAGR of 4.94% to reach USD
4,226.9 Million by 2025
Herbal Tea Market Research Report - Global
Forecast till 2025
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Herbal Tea Market is expected to register a CAGR of 4.94% to reach USD
4,226.9 Million by 2025
Herbal Tea Market Overview
The sale of herbal tea is growing exponentially as consumers are opting for a healthy
lifestyle. Many key players in beverages market are investing in R&D to focus on product
development which enriches the flavors in herbal tea. Moreover, herbal tea is gaining
popularity across the globe, as the demand for healthy food & beverages has been increasing
in recent years. These factors will support the herbal tea market and is estimated to grow at
the rate of about 5.1% from 2017 to 2023.
The Global Herbal Tea Manufacturers Market is witnessing an impressive growth over
the last few years. This is attributed to the rising health conscious people both in developed
and developing economies. Also, increasing disposable income of the consumers is
anticipated to be the significant reason for the growth of the herbal tea market during the
forecast period. Increasing cardiovascular diseases and obesity cases are anticipated to
further fuel the sales of herbal tea during the forecast period.
Additionally, key players in the global herbal tea market are emphasizing to enhance their
investment in the product development in order to extend the product line. Also, the
companies are inclined to increase their footprints across the world by acquiring local and
regional players. Apart from that, the companies are introducing their products in the
developing economies in order to penetrate the untapped market. However, limited
availability of spices & herbs may hinder the market growth over the review period.
Nevertheless, all these factors are projected to contribute to the estimated CAGR of 5.1% of
herbal tea market during the forecast period 2017-2023.
Downstream analysis
The global herbal tea market is segmented into ingredient, function, packaging, and
distribution channel.
Based on the ingredient, it is segmented into cinnamon, dandelion, chamomile, ginger,
turmeric, lemongrass, and others. Among all the ingredients, the cinnamon segment holds
the major market share followed by the segment dandelion.
Based on the function, it is segmented into cognitive health, gut & digestive health, general
wellness, and others. Among all the functions, the cognitive health segment is dominating
the market.
Based on the packaging, it is segmented into tea bags, loose leaf, powder, and others.
Among all the packaging types, the tea bags segment is dominating the market followed by
the loose-leaf segment owing to the ease of use and handling.
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Herbal Tea Market is expected to register a CAGR of 4.94% to reach USD
4,226.9 Million by 2025
Based on the distribution channel, it is segmented in store based, and non-store
based. Among both, the store-based distribution channel is dominating the market.
Competitive analysis
The major players in herbal tea market
• Associated British Foods Plc. (U.K)
• Dilmah Ceylon Tea Company Plc. (Sri Lanka)
• ITO EN (North America) Inc. (U.S.)
• Tata Global Beverages Ltd. (India)
• The Unilever Group (U.K)
• Barry's Tea Ltd. (Ireland)
• C. Bigelow, Inc. (U.S.)
• Celestial Seasonings, Inc. (U.S.)
• Harney & Sons Tea Corp. (U.S.)
• Mighty Leaf Tea Company (U.S.)
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Regional Analysis
The global herbal tea market is segmented into North America, Europe, Asia Pacific, and rest
of the world (RoW). Asia Pacific is dominating the global herbal tea market followed by North
America. High growth in emerging economies such as China, India, Japan, Australia, and the
Latin American countries, offers ample opportunities for expansion to major players.
The North American herbal tea market is projected to grow at a steady pace in the review
period. The high consumption of tea in growing economies of Asia Pacific and Latin America
and growing demand for healthy beverages especially in China and India will be the crucial
factor underlining the market growth.
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Copyright © 2017 Market Research Future.

Herbal Tea Market is expected to register a CAGR of 4.94% to reach USD
4,226.9 Million by 2025
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Copyright © 2017 Market Research Future.