Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Functional Tea Market by Type (Fruit Tea, Herbal Tea, Longjing Tea, Flower Tea, Others), By Application (Store Based, Non-Store Based) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Functional Tea Market by Type (Fruit Tea, Herbal Tea, Longjing Tea, Flower Tea, Others), By Application (Store Based, Non-Store Based) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 154141 3300 Food & Beverages 377 239 Pages 4.9 (33)
                                          

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 .


Global Functional Tea Industry Outlook


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:

  1. Tata Tea Limited
  2. Herbaty Szlachetne Sp. Z O.O.
  3. Guangzhou Lohas Biological Technology Co., Ltd
  4. Godrej Tea
  5. The Mate Factor
  6. Organic India
  7. Wuhan z-Micro Unite S&T Co., Ltd.

Global Functional Tea Market Overview


Highlights of The Functional Tea Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Fruit Tea
    2. Herbal Tea
    3. Longjing Tea
    4. Flower Tea
    5. Others
  1. By Application:

    1. Store Based
    2. Non-Store Based
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Functional Tea Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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