Market Overview:
The global functional tea market is expected to grow at a CAGR of 6.5% during the forecast period 2018-2030. The growth in the global functional tea market can be attributed to various factors such as rising awareness about the benefits of functional tea, increasing demand for healthy and organic food products, and growing inclination of consumers towards convenience foods. Based on type, the global functional tea market is segmented into fruit tea, herbal tea, longjing tea, flower tea and others. Fruit teas are further sub-segmented into black fruit teas and green fruit teas. Herbal teas are further sub-segmented into chamomile herbal Tea, ginger herbal Tea etc., while longjing Tea is further sub-segmented into dragon well green Tea and xihu Longjing green Tea etc., Flower Teas are further sub-segmented into lavender flowerTea etc., Others include mateTea etc. Among these types, fruit teas held a dominant share in 2017 owing to their high nutritional value along with various health benefits offered by them such as weight loss management or reduction in blood sugar levels among others. Based on application type store based accounted for majority share of total revenue generated by global functionaltea market followed by non store based applications in 2017; however store based applicationis projectedto witness highest CAGR over the forecast period 2018 – 2030 due to increasein number offunctionaltea outlets across globe .
Product Definition:
A functional tea is a type of tea that has been enhanced with added ingredients to provide specific health benefits. Functional teas are often consumed for their antioxidant, anti-inflammatory, or detoxifying properties.
Fruit Tea:
Fruit tea is a beverage made from fresh or dried fruit pieces, seeds and roots. The product can be consumed as healthy beverages for breakfast, during the day or as a pre-dinner drink. It provides several health benefits such as improved metabolism, weight loss prevention and helps in controlling blood pressure levels.
Herbal Tea:
Herbal tea is a beverage made from the leaves, roots, and/or fruits of plants. The main ingredients in herbal teas are usually derived from plant extracts such as flavonoids, polyphenols, catechins etc. Flavonoids help in preventing cancer and cardiovascular diseases whereas polyphenols prevent the occurrence of Parkinson's disease & Alzheimer’s disease.
Application Insights:
The store-based application segment held the largest share of more than 70.0% in 2017. The key factors contributing to the large share include extensive product availability through supermarkets, convenience stores and food chains across most countries in North America and Europe. Consumers prefer purchasing tea products from stores as they can be sure of getting fresher products with higher quality standards, which is likely to drive demand over the forecast period.
Functional tea has numerous health benefits including weight management, cardiovascular support, improved digestion and immunity boosting properties among others that are likely to propel its demand among other segments such as online retailing and e-commerce over the forecast period. However, a few companies such as Lipton have introduced their functional tea bags online for home consumption which may provide some insights regarding future growth opportunities in this market space by 2030 ¢â‚¬Ëœ if any at all ¢â‚¬ globally speaking!.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well due to increasing consumption of tea and rising disposable income of consumers. Furthermore, growing awareness about health benefits coupled with easy availability of a wide variety of products is projected to further propel growth in Asia Pacific functional tea market over the forecast period.
North America accounted for a significant share owing to high demand for specialty beverages such as green tea and matcha among millennials and Generation Z population in U.S., Canada, and Mexico cities including Toronto, Montreal, Los Angeles, Chicago, Miami Beach (Florida), New York City Area (New Jersey & Brooklyn), San Francisco Bay Area (California & Nevada) Washington DC Metro Area (District Of Columbia & Maryland) Seattle-Tacoma-Bellevue And Portland-Vancouver metro areas).
Growth Factors:
- Increasing awareness about the health benefits of functional tea is driving the growth of this market.
- The increasing demand for healthy and organic food products is also propelling the growth of this market.
- The growing popularity of tea culture is contributing to the growth of this market.
- The increasing disposable income of consumers is enabling them to purchase premium quality functional teas.
- The rising number of tea festivals and events are providing a platform for manufacturers to showcase their products and promote sales
Scope Of The Report
Report Attributes
Report Details
Report Title
Functional Tea Market Research Report
By Type
Fruit Tea, Herbal Tea, Longjing Tea, Flower Tea, Others
By Application
Store Based, Non-Store Based
By Companies
Tata Tea Limited, Herbaty Szlachetne Sp. Z O.O., Guangzhou Lohas Biological Technology Co., Ltd, Godrej Tea, The Mate Factor, Organic India, Wuhan z-Micro Unite S&T Co., Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Functional Tea Market Report Segments:
The global Functional Tea market is segmented on the basis of:
Types
Fruit Tea, Herbal Tea, Longjing Tea, Flower Tea, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Store Based, Non-Store Based
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tata Tea Limited
- Herbaty Szlachetne Sp. Z O.O.
- Guangzhou Lohas Biological Technology Co., Ltd
- Godrej Tea
- The Mate Factor
- Organic India
- Wuhan z-Micro Unite S&T Co., Ltd.
Highlights of The Functional Tea Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fruit Tea
- Herbal Tea
- Longjing Tea
- Flower Tea
- Others
- By Application:
- Store Based
- Non-Store Based
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Functional Tea Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Functional tea is a type of tea that is made from leaves that have been dried and then steeped in hot water. This type of tea has been traditionally used to help improve mental clarity and focus.
Some of the major companies in the functional tea market are Tata Tea Limited, Herbaty Szlachetne Sp. Z O.O., Guangzhou Lohas Biological Technology Co., Ltd, Godrej Tea, The Mate Factor, Organic India, Wuhan z-Micro Unite S&T Co., Ltd..
The functional tea market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Functional Tea Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Functional Tea Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Functional Tea Market - Supply Chain
4.5. Global Functional Tea Market Forecast
4.5.1. Functional Tea Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Functional Tea Market Size (000 Units) and Y-o-Y Growth
4.5.3. Functional Tea Market Absolute $ Opportunity
5. Global Functional Tea Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Functional Tea Market Size and Volume Forecast by Type
5.3.1. Fruit Tea
5.3.2. Herbal Tea
5.3.3. Longjing Tea
5.3.4. Flower Tea
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Functional Tea Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Functional Tea Market Size and Volume Forecast by Application
6.3.1. Store Based
6.3.2. Non-Store Based
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Functional Tea Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Functional Tea Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Functional Tea Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Functional Tea Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Functional Tea Demand Share Forecast, 2019-2026
9. North America Functional Tea Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Functional Tea Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Functional Tea Market Size and Volume Forecast by Application
9.4.1. Store Based
9.4.2. Non-Store Based
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Functional Tea Market Size and Volume Forecast by Type
9.7.1. Fruit Tea
9.7.2. Herbal Tea
9.7.3. Longjing Tea
9.7.4. Flower Tea
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Functional Tea Demand Share Forecast, 2019-2026
10. Latin America Functional Tea Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Functional Tea Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Functional Tea Market Size and Volume Forecast by Application
10.4.1. Store Based
10.4.2. Non-Store Based
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Functional Tea Market Size and Volume Forecast by Type
10.7.1. Fruit Tea
10.7.2. Herbal Tea
10.7.3. Longjing Tea
10.7.4. Flower Tea
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Functional Tea Demand Share Forecast, 2019-2026
11. Europe Functional Tea Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Functional Tea Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Functional Tea Market Size and Volume Forecast by Application
11.4.1. Store Based
11.4.2. Non-Store Based
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Functional Tea Market Size and Volume Forecast by Type
11.7.1. Fruit Tea
11.7.2. Herbal Tea
11.7.3. Longjing Tea
11.7.4. Flower Tea
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Functional Tea Demand Share, 2019-2026
12. Asia Pacific Functional Tea Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Functional Tea Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Functional Tea Market Size and Volume Forecast by Application
12.4.1. Store Based
12.4.2. Non-Store Based
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Functional Tea Market Size and Volume Forecast by Type
12.7.1. Fruit Tea
12.7.2. Herbal Tea
12.7.3. Longjing Tea
12.7.4. Flower Tea
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Functional Tea Demand Share, 2019-2026
13. Middle East & Africa Functional Tea Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Functional Tea Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Functional Tea Market Size and Volume Forecast by Application
13.4.1. Store Based
13.4.2. Non-Store Based
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Functional Tea Market Size and Volume Forecast by Type
13.7.1. Fruit Tea
13.7.2. Herbal Tea
13.7.3. Longjing Tea
13.7.4. Flower Tea
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Functional Tea Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Functional Tea Market: Market Share Analysis
14.2. Functional Tea Distributors and Customers
14.3. Functional Tea Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Tata Tea Limited
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Herbaty Szlachetne Sp. Z O.O.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Guangzhou Lohas Biological Technology Co., Ltd
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Godrej Tea
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. The Mate Factor
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Organic India
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wuhan z-Micro Unite S&T Co., Ltd.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook