Herbal Tea Market Research Report - Global Forecast till 2030

Global Herbal Tea Market: Information by Type (Cinnamon, Dandelion, Chamomile, Ginger, Turmeric, Blends, Others), Function (Cognitive Health, Gut & Digestive Health, Multifunctional, Others), Form (Tea Bags, Loose Leaf), Distribution Channel (Store-Based [Supermarkets & Hypermarkets, Convenience Stores and others] and Non-Store-Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2030

ID: MRFR/F-B & N/3977-CR | February 2021 | Region: Global | 100 Pages         

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Herbal Tea Market

The herbal tea market is expected to grow at a CAGR of 4.98%, reaching USD 4880.80 million during the forecast period

Segmentation
By Type Cinnamon Dandelion Chamomile Ginger Turmeric Blends Others
By Function Cognitive Health Gut & Digestive Health Multifunctional Others
By Form Tea Bags Loose Leaf
By Distribution Channel Store-Based Non-Store-Based
By Region North America Europe Asia-Pacific
Key Players
Companies Profiled   TATA GLOBAL BEVERAGES LIMITED   UNILEVER PLC   ORGANIC INDIA PVT. LTD.   THE HAIN CELESTIAL GROUP INC.   ASSOCIATED BRITISH FOODS PLC   BARRY’S TEA   APEEJAY SURRENDRA GROUP   DILMAH CEYLON TEA COMPANY PLC   HARNEY & SONS   ADAGIO TEAS
Drivers
Market Driving Forces   High demand for healthy beverages and flavor variants    Due to lots of medicinal properties
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Herbal Tea Market Overview


The herbal tea market is predicted to rise at a CAGR of 4.98%, growing at worth USD 4880.80 million throughout the prediction period. Many tea producers globally are volunteering in the food and beverage market, which is the main cause for the extension of the international herbal tea market. The increasing demand for efficient beverages will probably operate in the herbal tea industry.


Customers can get many advantages from herbal teas, consisting of overwhelming lethargies and sleeping well. If herbal tea is observed as a natural substitute for the treatment of medications, it could be the main factor in growing its fame. Several main and significant aspects that will be expected to rush the growth of the herbal tea market in the expected period comprise increasing formation of innovative flavours, increasing health consciousness among users about the profits of tea, a mounting number of people across the world, and intensifying drifts of herbal produce between the young people.


The USA and India market of Herbal Tea Market worldwide have been rising and falling all time, and the entire market of organic herbal tea has observed incredible growth in the past few years. The core reason is the persistent demand for top and chemical-free goods. Internationally, the necessity for organic goods, be it a portion of food, beverages, or even herbs & spices, is increasing. Therefore, according to experts, the herbal tea market share throughout the pandemic will not decline but will remain persistent.


COVID 19 Impacts and effects


The herbal tea market in the USA and in India on a global scale has been surging all time, and the whole market of organic herbal tea has witnessed a tremendous rise in the past couple of years. The main reason is the constant demand for premium and chemical-free products. Globally, the need for organic products, be it food, beverages, or even herbs & spices is rising. Therefore, as per experts, the herbal tea market share during Covid-19 will not decrease but it will remain constant.


No doubt, in spite of some slowdown, farmers' market herbal tea across the US has been good during COVID 19. It will continue to unleash its maximum potential in the years to come. Due to the constant increasing awareness and need to consume organic foods among common individuals, the demand for herbs & spices has been steadily rising. On the other hand, people are getting more cautious about food safety and health hazards on processed foods, this has triggered higher demand for organic tea & spices. The shift of preferences in food trends encouraging the herbal tea sprouts market’s consumption. Farmers are also focusing on new methods of farming herbal tea and spices to increase the volume of production.


Market Dynamics



  • Major Drivers Of The Market


The demand for herbal tea is rising across the globe, it has a pleasant flavor, few stimulating effects, and lots of medicinal properties. The rise of the global herbal tea market is contributed by the high demand for healthy beverages and flavor variants. The increasing demand for herbal products in developed nations is expected to create lucrative opportunities for bigger players in the years to come. However, the farming costs of herbal tea are high compared to its regular counterpart and less product awareness in poor nations are contributing factors that hamper the growth of the herbal tea market share at the global platform during the forecast period.



  • Significant Opportunities For The Market


In Spite of all the internal and external factors, the CAGR is expected to reach USD 1,405.1 million by the end of 2030 in the primary herbal tea market. The requirement for blends of herbal tea is supported by the numerous health benefits offered by the combination of two or more medicinal herbs. At the same time, with a rise in product launches of herbal tea, the supply and demand cycle will be boosted up soon during the forecast period.  


The Global Herbal tea Market has been divided as per the Coffee Type and distribution channel. The coffee type segment has been further divided into old and Decaf segments. As per the dependency on the distribution channel, the market street organic herbal tea market has been segmented into store-based and Non-store based types. The store-based segment is again segregated into Supermarkets and hypermarkets, Convenience Stores, and others.



  • Market Restraints


The outbreak of COVID-19 has hard severely knocked out the growing pace of the organic herbal tea market because of mandatory closures of herbs markets and farming across the globe, the profit share has fallen apart. COVID19 has disrupted the entire supply chain. Continuous lockdown created a negative impact and affected the morale of the farmers. The major retailers, such as supermarkets & hypermarkets and whose main job is selling organic herbal tea have gone through acute shortage despite having demand in certain areas across the globe.



  • Market Growth Challenges


The native region of Asia-Pacific bagged the largest market share of 36.47% of the global herbal tea market in 2021 across the world. Traditionally, Asians are tea drinkers, the highest production of tea comes from this region. Without a doubt, China is the biggest producer and consumer of herbal tea in the world market. There has been a continuous demand for functional beverages in European countries, the USA, and Australia, this fact is fueling the rise of the European and herbal tea market in the USA. The demand for organic herbal tea is quite high in western countries due to the rising consumer inclination toward organic food & beverages.


The US is the biggest market for tea in North America, followed by its neighbor Canada. Due to the high prevalence of obesity and overweight issues in the region, the consumption and desire to have herbal tea is surging as it leads to weight loss. There has been a continuous increase in the demand for herbal tea. This tea claims to be weight loss and is a major reason driving the growth of the herbal tea market in countries like South America with Brazil, Argentina, and Peru being the major country-level markets.



  • Cumulative Growth Analysis


The primary herbal tea market claims to have a CAGR and an expected income of USD 4880.80 million by the end of 2030. The demand for blends of herbal tea has risen because it offers many health benefits. The Asian countries are focusing to increase the production of herbal tea to meet the demand. And supply chain



  • Value Chain Analysis


There has been a growing demand for organic tea in us, the demand is rising everywhere including U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, etc. In the Asia Pacific market, the industry is surpassing all previous records. China and India are major players. The upstream value chain analysis can be done based on the estimated records. In Spite of the challenges the companies are facing globally but due to the strong supply chain, they will surpass all the hurdles. People love organic tea and this trend is not going to stop!!


Segment Overview



  • By Form


Due to the increasing demand for natural species globally, new products are coming every day. Market Research Future, a firm that specializes in market reports related to the spice industry, recently forecasted in its report on Herbal Tea Market Research Report - Global Forecast till 2030 that the organic tea market will demonstrate an exceptional rise in CAGR during the forecast period.



  • By Sales Channel


China remains the volume-wise highest exporter of spices globally. Globally, organic herbal tea has an increasing market share since 2017. The major players of the global herbal tea market are concentrating on product launches, acquisitions, and strengthening their distribution channels across the globe. North America, Europe, Asia Pacific, and the Rest of the World (RoW) are the markets for selling organic teas.



  • By Application:


Organic herbal tea is highly consumed across homes. Herbal tea has medicinal properties. This is making it more popular. The companies are focusing on increasing product innovations. But developing countries are growing faster.


Regional Analysis


If we look at the bigger picture, geographically the global herbal tea market has been divided into North America, Europe, Asia-Pacific, and the regions of the Middle East and Africa.


As per the statistics of 2021, Asia-Pacific holds the largest market share of 36.47% of the global herbal tea market is estimated to increase in the forecast period. China is the biggest manufacturer and consumer of herbal tea across the globe.


European markets are also significant, the herbal tea market expected to increase because it is a functional beverage and rising consumer inclination toward organic food and beverages. The US is the biggest herbal tea market in North America, Canada is the second biggest market due to the high prevalence of obesity.


Competitive Landscape of herbal tea


The market players for the herbal tea market share are:TATA GLOBAL BEVERAGES LIMITED, UNILEVER PLC, ORGANIC INDIA PVT. LTD., THE HAIN, CELESTIAL GROUP INC., ASSOCIATED BRITISH FOODS PLC, BARRY’S TEA, APEEJAY SURRENDRA GROUP, DILMAH CEYLON TEA COMPANY PLC, HARNEY & SONS, ADAGIO TEAS


The major countries are:



  • 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




Recent Developments


In 2022 Starbucks presented a sequence of six iced tea drinks that are only accessible in Singapore. Starbucks locations in the city-state offer a variation of six iced tea drinks formed with several tea kinds, comprising black, oolong, and hibiscus. This is a recent development that took place in the herbal tea market.


Report Overview

  • Market overview highlights the global recognition of the herbal tea market share

  • Analysis based upon COVID 19

  • Explanation upon the Market Dynamics

  • Value chain analysis for the Herbal Tea Market Share

  • Market segmentation overview

  • The regional analysis of the Herbal Tea Market

  • Competitive landscape analysis

  • Recent Developments of Herbal Tea Market



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 4880.80 Million
  CAGR   4.98% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Function, Form, Distribution Channel, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   TATA GLOBAL BEVERAGES LIMITED, UNILEVER PLC, ORGANIC INDIA PVT. LTD., THE HAIN, CELESTIAL GROUP INC., ASSOCIATED BRITISH FOODS PLC, BARRY’S TEA, APEEJAY SURRENDRA GROUP, DILMAH CEYLON TEA COMPANY PLC, HARNEY & SONS, ADAGIO TEAS
  Key Market Opportunities   Increasing demand for herbal products in developed nations
  Key Market Drivers   High demand for healthy beverages and flavor variants, Due to lots of medicinal properties


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Frequently Asked Questions (FAQ) :

Herbal tea market volume would be USD 4880.80 million by 2030.

Herbal tea market CAGR would be 4.98% during the forecast period.

TATA GLOBAL BEVERAGES LIMITED, UNILEVER PLC, ORGANIC INDIA PVT. LTD., THE HAIN, CELESTIAL GROUP INC., ASSOCIATED BRITISH FOODS PLC, BARRY’S TEA, APEEJAY SURRENDRA GROUP, DILMAH CEYLON TEA COMPANY PLC, HARNEY & SONS, ADAGIO TEAS are the top companies to hold the market share in global herbal tea market.

The Asia-Pacific would dominate the herbal tea market.