Functional Tea Market Research Report - Global Forecast till 2026

Functional Tea Market: Information By Type (Green Tea, Herbal Tea and Others), Form (Loose Leaves, Bags and Powder), Function (Immunity, Detox, Weight Loss, Gut & Digestive Health, Multifunctional and Others), Distribution Channel (Store-Based {Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores and Others}, Non-Store-Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2026

ID: MRFR/F-B & N/2249-CR | February 2021 | Region: Global | 110 Pages         

Functional Tea Market

Functional Tea Market Size is anticipated to reach USD 12,942.3 Million by 2030, registering a CAGR of 6.15% during 2022-2030

Segmentation

By Type Green Tea Herbal Tea Others
By Form Loose Leaves Bags Powder
By Function Immunity Detox Weight Loss Gut & Digestive Health Multifunctional Others
By Distribution Channel Store-Based Non-Store-Based
By Region North America Europe Asia-Pacific Rest of the World

Key Players

  • Tata Global Beverages Limited (India)
  • Unilever PLC (UK)
  • The Hain Celestial Group Inc. (US)
  • Dilmah Ceylon Tea Company PLC (India)
  • Associated British Foods PLC (UK)
  • Organic India Pvt. Ltd (India)
  • Barry's Tea (Ireland)
  • Harney & Sons (US)
  • Numi Inc. (US)
  • and Godrej Group (India)

Drivers

  • Rising awareness Regarding Health Benefits
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Functional Tea Market Overview:


Worldwide Functional Tea Market is projected to enlist a CAGR of 6.15% and arrive at USD 12,942.3 Million by 2026. Utilitarian tea is a drink that is injected with solid, useful fixings. Such kinds of teas are planned to give extra medical advantages. The worldwide market for utilitarian tea is relied upon to develop rapidly during the estimated time frame. 


The expanding interest for useful drinks and the accessibility of a few character variations are relied upon to drive the worldwide market during the audit time frame. In any case, varieties in item quality because of unstable climatic conditions and the excessive cost of utilitarian tea are relied upon to confine the development of the functional tea market. Then again, the rising interest in natural fixings offers rewarding development freedoms to practical tea producers. 


Useful tea is principally utilized for a considerable length of time advantages, for example, weight reduction, heart wellbeing, cell reinforcements, the lower hazard of disease, and others. The different sorts of capacity tea incorporate organic product tea, functional tea, Longjing tea, blossom tea, and others accessible in a few structures, such as free, broken, and moment tea powder. The capacity tea is exceptionally famous across the globe and effectively accessible on the lookout. 


Worldwide Functional Tea Market is relied upon to enroll huge development during the estimated time frame. The central participants in the worldwide utilitarian tea market constantly put resources into item development to build their income sources. The makers have dispatched items with low-calorie content with various flavors to satisfy the rising need for utilitarian tea. Pursuing the direction of new and creative items, market players are gaining by the varieties in preferences and inclinations. They are adding a few flavors to their items likewise. 


The tea flavor is isolated into two classifications—taste (non-unpredictable mixtures) and fragrance. The fragrance particles are created from carotenoids, lipids, glycosides, forerunners, and the Maillard response. Market players are joining normal character mixes to create an assortment of useful tea flavors like mint, apricot, berries, orange, hibiscus, and ginger.


COVID-19 Analysis:


The Functional Tea market is rapidly arriving at its pre-COVID levels. A solid development rate is normal over the estimated time frame, driven by the monetary restoration in a large portion of the agricultural countries. Notwithstanding, phenomenal circumstances because of expected third and further waves are making a miserable standpoint. This review tries to assess various situations of COVID-19's effect on the eventual fate of the Functional Tea market from 2001 to 2028. 


Market Dynamics: 


Drivers, Restraints, Challenges, and Opportunities: 


Functional Tea Market share is relied upon to enroll critical development during the gauge time frame. The central participants in the worldwide practical tea market constantly put resources into item advancement to build their income sources. For example, makers have dispatched items with low-calorie content with various flavors to satisfy the rising need for practical tea. Pursuing the direction of new and inventive items, market players are profiting by the varieties in preferences and inclinations. They are adding a few flavors to their items appropriately. 


The tea flavor is isolated into tastes (non-unstable mixtures) and smells (unpredictable mixtures). The fragrance particles are produced from carotenoids, lipids, glycosides, antecedents, and the Maillard response. Market players are joining normal character mixes to deliver an assortment of practical tea flavors like mint, apricot, berries, orange, hibiscus, and ginger. For example, Twinings dispatched a scope of functional tea mixes in November 2017, including lemon enchant, berry combination, and buttermint. 


The dispatch of such creative items is relied upon to drive the development of the worldwide utilitarian tea market during the survey time frame. Nonetheless, environmental change is limiting the development of the worldwide market. The central members in the worldwide useful tea market are persistently putting resources into item development to expand their wellsprings of income. 


Checking out the continuous patterns in the useful tea market, they have continually been expanding their item assortment. For example, makers have dispatched items with low-calorie content with various flavors to fulfill the rising need for useful tea. Pursuing the direction of new and inventive items, market players exploit the varieties in preferences and inclinations. They are adding a few flavors to their items likewise. The tea flavor is partitioned into two classifications—taste (non-unpredictable mixtures) and fragrance. 


The fragrance particles are created from carotenoids, lipids, glycosides, forerunners, and the Maillard response. Market players consolidate normal character mixes to create useful tea flavors like mint, apricot, berries, orange, hibiscus, and ginger. For example, Twinings dispatched a scope of functional tea mixes in November 2017, including lemon amuse, berry combination, and buttermint. The dispatch of such inventive items is relied upon to drive the worldwide useful tea market development during the survey time frame.


Segment Overview:


Based on the appropriation channel, the Functional Tea Market size has been isolated into store-based and non-store-based. The store-based section is also bifurcated as general stores and hypermarkets, odds and ends shops, forte stores, etc. The store-based section is relied upon to rule the worldwide market and arrive at USD 10,037.3 million before the finish of 2026. Interestingly, the non-store-based portion is projected to enlist the most elevated CAGR of 6.44% during 2020-2026. 


Purchasers incline toward store-based channels as they give a one-quit shopping experience. Stores are the biggest sub-fragment because of the increment in the populace, and the accessibility of a wide assortment of items under a solitary rooftop has energized the development of store-based dispersion channels.


Functional tea market, By Type



  • Green Tea

  • Herbal Tea

  • Others


Functional tea market, By Form



  • Loose Leaves

  • Bags

  • Powder


Functional tea market, By Function



  • Immunity

  • Detox

  • Weight Loss

  • Gut & Digestive Health

  • Multifunctional

  • Others


Functional tea market, By Distribution Channel



  • Store-Based

  • Supermarkets & Hypermarkets

  • Convenience Stores

  • Specialty Stores

  • Others

  • Non-Store-Based


Functional tea market, By Region



  • North America

  • US

  • Canada

  • Mexico

  • Europe

  • Germany

  • UK

  • France

  • Spain

  • Italy

  • Rest of Europe

  • Asia-Pacific

  • China

  • India

  • Japan

  • Australia and New Zealand

  • Rest of Asia-Pacific

  • Rest of the World (RoW)

  • Middle East

  • South America

  • Africa


Regional Analysis: 


Functional Tea Market growth in Europe comprises a predominant portion of the useful tea market during the gauge time frame. The district represented a 38.14% portion of the market in 2019. The UK is among the significant supporters of the development of the local market. The district's market is projected to enlist a critical CAGR of 6.30% during the gauge time of 2020 to 2026. Expanding attention to sound tea utilization in the district is helping the practical tea market. The rising revenue in forte tea with improved flavors and predominant quality among the European populace further pushes the practical tea market in the area.


Competitive Landscape:



  • Tata Global Beverages Limited (India), 

  • Unilever PLC (UK), 

  • The Hain Celestial Group, Inc. (US), 

  • Dilmah Ceylon Tea Company PLC (India), 

  • Associated British Foods PLC (UK), 

  • Organic India Pvt. Ltd (India), 

  • Barry's Tea (Ireland), 

  • Harney& Sons (US), 

  • Numi Inc. (US),

  • Godrej Group (India).


Report Overview:


The report aims to depict the condition of the Indian useful tea market and introduce genuine and master-checked data about the volumes, values, elements, division, and attributes of utilization, costs, imports, and commodities. The report likewise presents an estimate for the market improvement in the short and medium-term and the effect COVID-19 has and will have on it. What's more, the report presents an intricate investigation of the fundamental market members, industry patterns and experiences, development and request drivers, and difficulties, and any remaining variables, impacting the market advancement. 


Recent Developments: 


Twining dispatched a scope of natural tea mixes in November 2017, including lemon charm, berry combination, and spread mint. The dispatch of such creative items is relied upon to drive the worldwide useful tea market development during the audit time frame. Be that as it may, environmental change is confining the development of the worldwide market. 



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 12,942.3 Million (2026)
  CAGR   6.15% (2017-2026)
  Base Year   2019
  Forecast Period   2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Function, Distribution Channel
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Tata Global Beverages Limited (India), Unilever PLC (UK), The Hain Celestial Group, Inc. (US), Dilmah Ceylon Tea Company PLC (India), Associated British Foods PLC (UK), Organic India Pvt. Ltd (India), Barry's Tea (Ireland), Harney & Sons (US), Numi Inc. (US), and Godrej Group (India).
  Key Market Opportunities   The Rising Demand for Organic Ingredients offers Lucrative Growth
  Key Market Drivers   Rising awareness Regarding Health Benefits


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Frequently Asked Questions (FAQ) :

Rising awareness regarding health benefits would lead functional tea market.

The herbal segment would lead functional tea market.

The instant powder segment would dominate functional tea market.

The APAC functional tea market would dominate the global market.

Functional tea market top exporters are Sri Lanka, India, China, Kenya, and Indonesia.