The study on the Global Herbal Tea Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Herbal Tea market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Herbal Tea industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Herbal Tea industry
The global herbal tea market size was USD 3.42 Billion in 2021 and is expected to register a revenue CAGR of 4.4% over the forecast period, according to the latest analysis by Emergen Research. Market growth is primarily driven by factors such as rising incidence of sleep disorders due to an increase in stress level, various health benefits associated with drinking herbal tea, and a rise in number of new herbal tea brands. In addition, increasing usage of social media and e-commerce websites for marketing and advertising herbal tea products is another factor driving global herbal tea market revenue growth.
According to a report, 40% of people with insomnia are affected by a mental health disorder and insufficient sleep. which have an economic impact of over USD 411 billion each year in the U.S. alone. Herbal tea, such as chamomile, lavender, and magnolia, induce sleep and calm down nervous system.
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Geographical Segmentation:
The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Herbal Tea Market, gauging their revenue share over the forecast timeline. Furthermore, the report analyses the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Some major companies in the market report include Tielka, Mountain Rose Herbs, TegaOrganicTea, Indigo Herbs Ltd, Tetley, The Indian Chai, R. Twining and Company Limited., Organic India, Arbor Teas, Buddha Teas, and The Hybrid Green Tea
Market Taxonomy:
Chapter 1: Methodology Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2:
Executive Summary
- Business trends
- Regional trends
- Product trends
- End-use trends
Chapter 3:
Industry Insights
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
Chapter 4:
Company Profile
- Business Overview
- Financial Data
- Product Landscape
Emergen Research has segmented the global herbal tea market based on raw material, function, distribution channel, and region:
· Raw Material Outlook (Revenue, USD Billion, 2019–2030)
- Chamomile
- Peppermint
- Lemongrass
- Ginger
- Hibiscus
- Others
· Function Outlook (Revenue, USD Billion, 2019–2030)
- Cognitive Health
- Digestive Health
- Sleep Disorders
- Others
· Distribution Channel Outlook (Revenue, USD Billion, 2019–2030)
- Online
- Offline
The report addresses the following key points:
- The report provides a forecast of Herbal Teas market drivers, restraints, and future opportunities for the Herbal Teas market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the Herbal Teas market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Herbal Teas market in North America accounted for largest revenue share in 2021.
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