Herbal Tea Market – Trends Forecast Till 2030

Market Snapshot

Market Overview

The global Herbal Tea Market size is projected to reach a CAGR of 6.1% from 2023-2030.

Herbal Tea is a mixture of dry leaves, nuts, bark, seeds, grasses, fruits, flowers, and roots of various plants. There are various kinds of tisanes or Herbal Teas that are used for medical purposes. Herbalteais widely represented in the traditional medicine of various cultures, due to their heаlth-рrоmоting activities that include аntiсаnсer, antidiabetic, anti-inflammatory, and antioxidant рrорerties.

The major market drivers of the Herbal Tea Market are increased population, disposable income, and growing health awareness of the consumers. Social factors like trends, and awareness among the citizens of the country have a major effect on the demand for Herbal Tea. The shift in the trend for healthy products and a nutrition-rich diet has driven people towards the use of Herbal Tea. As Herbal Tea is free of caffeine, the market is experiencing heavy demand from consumers in the current times. Additionally, an increase in consumer disposable income and willingness to spend more money on a variety of products encourages manufacturers to introduce premium and exclusive blends. They have introduced various healthy ingredients in their tea blends, to target some of the common health conditions such as diabetes, obesity, and heart diseases among others. Rising application in the beauty and cosmetic industries is expected to further fuel market growth.

On the other hand, the high initial cost associated with the product is still persistent for many organizations, these arise due to numerous aspects including lack of funds, less floor space, reliability, and infrastructure built, for manual processes. Furthermore, these trucks are operated in systematic spaces using the predefined route and movement of products. This results in lesser flexibility for industries that require forklift trucks for multiple purposes.

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.

Delvens Industry Expert's Standpoint

The rising consumer preference for natural and organic products is due to the emergence of health awareness and being conscious of choosing the best. The advantage of having herbal tea include reducing stress, improving digestion, and boosting immunity. Further, bringing innovation in terms of product offerings, with manufacturers introducing new flavors and blends to cater to changing consumer preferences and also experiencing high growth in the herbal tea market. The expansion of distribution channels in terms of online or retail stores as well as the growing popularity of tea culture is proposed to grow the herbal tea market in the next coming years.

Market Portfolio

Key Findings

• Herbal Tea is a mixture of dry leaves, nuts, barks, seeds, grasses, fruits, flowers, and roots of various plants. There are various kinds of tisanes or Herbal Teas that are used for medical purposes. Herbalteais widely represented in the traditional medicine of various cultures, due to their heаlth-рrоmоting activities that include аntiсаnсer, antidiabetic, anti-inflammatory, and antioxidant рrорerties.
   
• The product type segment is segmented into Instant premixes, Liquid and Powdered RTD, and syrups. The Powdered instant premixes are being widely used as it is easy to carry anywhere and also favorable in every season. Liquid Herbal Tea is consumed on a large scale as a refreshing drink which contributes a rapid growth in the Herbal Tea Market. The syrup includes sugar and Herbal Tea extracts which are mostly used by the young generation to increase the market share of the Herbal Tea Market.
   
• The raw material type segment is further segmented into black, green, and yellow. Green Herbal Tea provides a wider spectrum of varieties and new product developments in relation to black Herbal Tea. The green tea segment is expected to dominate the market during the forecast period.
   
• The market is also divided into various regions such as Asia Pacific, North America, Europe, South America, and Middle East & Africa. 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.

Regional Analysis

Asia Pacific to Dominate the Market

• 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.

Competitive Landscape

• Tata Consumer Products
• Organic India
• Hain Celestial
• Associated British Foods plc
• BARRY'S TEA
• Harney & Sons Fine Teas
• Nestlé S.A.
• Mother Parkers Tea & Coffee Inc.
• Martin Bauer Group.

Recent Developments

• Mar 2022 Irish Distillers recently released a limited-edition selection of single-pot still whiskeys aged in unusual Japanese casks. Three single pot-still whiskeys are included in the series, including a 33-Year-Old aged three years in Japanese Mizunara oak and two other expressions aged for more than a year in Japanese Chestnut and Japanese Cedarwood casks. The cedar logs come from the Kyushu region of southern Japan, where the warm, damp climate produces a fragrant and porous wood that gives the whiskey its depth of flavor of herbal tea, clove spice, caraway seeds, and as a fruit finish.
   
• Mar 2022 Starbucks has introduced a series of six iced tea drinks that are only available in Singapore. Starbucks locations in the city-state provide a variety of six iced tea drinks produced with various tea kinds, including black, oolong, and hibiscus. In 2016, Starbucks began selling drinks produced with its tea brand, Teavana, in over 6,2000 locations across Asia. According to Nikkei Asia, the concoctions are "more complicated" than the herbal and green tea-based cocktails popular in the United States.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
   
• Gain authentic and granular data access for Herbal Tea Market so as to understand the trends and the factors involved in changing market situations
   
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
   
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope