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Functional Tea Market by Type and Geography - Forecast and Analysis 2019-2023- Product Image
Functional Tea Market by Type and Geography - Forecast and Analysis 2019-2023- Product Image

Functional Tea Market by Type and Geography - Forecast and Analysis 2019-2023

  • ID: 4849333
  • Report
  • October 2019
  • Region: Global
  • 131 pages
  • TechNavio

FEATURED COMPANIES

  • Arteasans Beverages LLC
  • Fito Ltd.
  • Godrej Group
  • Granum Inc.
  • Numi Inc. PBC
  • ORGANIC INDIA
  • MORE
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Global Functional Tea Market: About this market
The functional tea market analysis considers sales from herbal tea, fruit tea, flower tea, and other types. Our report also considers the sales of functional tea in APAC, Europe, North America, South America, and MEA. In 2018, the herbal tea segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as its medicinal properties that can cure various body ailments will play a significant role in the herbal tea segment to maintain its market position. Also, our global functional tea market report looks at factors such as health benefits of functional tea, growing demand for organic functional tea, and new product launches. However, the availability of counterfeit functional tea products, availability of substitutes, and a preference for DIY at-home functional tea recipes may hamper the growth of the functional tea industry over the forecast period.

Global Functional Tea Market: Overview

Health benefits of functional tea
Consumers prefer to consume functional tea over other beverages because it contains herbs and medicinal plant extracts that are beneficial for the body. Tea products infused with healthy functional ingredients not only protect against colds but also improve digestion and immunity. Vendors are offering tea products that contain hibiscus flower petals that help in minimizing blood sugar and blood pressure levels.

Similarly, tea products containing ginger, citrus, and mint help to relax a tired body. The growing consumer awareness about the availability of such tea products and their benefits will boost the sales of these products. This demand for low-calorie chocolate will lead to the expansion of the global functional tea market at a CAGR of almost 5% during the forecast period.

Premiumization of functional tea products
Vendors in the global functional tea market offer a wide range of products with different flavors, qualities, volumes, and prices. Consumers prefer high-quality functional tea products containing natural or organic ingredients that provide the required health benefits. Premium functional tea products are marked with quality assurance stamps from the USDA and others, which regularizes the product quality. Also, with changing lifestyles across the world, consumers have become health conscious and prefer premium beverages, including functional tea, to improve their health. Therefore, affluent consumers opt for premium functional tea products even if they are highly-priced. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape
With the presence of several major players, the global functional tea market is moderately fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading functional tea manufacturers, that include Arteasans Beverages LLC, Fito Ltd., Godrej Group, Granum Inc., Herbaty Szlachetne Sp. z o.o, Numi Inc. PBC, ORGANIC INDIA, Tata Global Beverages Ltd., The Republic of Tea, and Unilever Group.

Also, the functional tea market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Arteasans Beverages LLC
  • Fito Ltd.
  • Godrej Group
  • Granum Inc.
  • Numi Inc. PBC
  • ORGANIC INDIA
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY TYPE
  • Market segmentation by type
  • Comparison by type
  • Herbal tea - Market size and forecast 2018-2023
  • Fruit tea - Market size and forecast 2018-2023
  • Flower tea - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by type
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Premiumization of functional tea products
  • Growing preference for online shopping
  • Expansion of organized retailing
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Arteasans Beverages LLC
  • Fito Ltd.
  • Godrej Group
  • Granum Inc.
  • Herbaty Szlachetne Sp. z o.o
  • Numi Inc. PBC
  • ORGANIC INDIA
  • Tata Global Beverages Ltd.
  • The Republic of Tea
  • Unilever Group
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits
Exhibit 01: Vendors: Key offerings
Exhibit 02: Global packaged food market
Exhibit 03: Segments of global packaged food market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Type - Market share 2018-2023 (%)
Exhibit 19: Comparison by type
Exhibit 20: Herbal tea - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: Herbal tea - Year-over-year growth 2019-2023 (%)
Exhibit 22: Fruit tea - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: Fruit tea - Year-over-year growth 2019-2023 (%)
Exhibit 24: Flower tea - Market size and forecast 2018-2023 ($ millions)
Exhibit 25: Flower tea - Year-over-year growth 2019-2023 (%)
Exhibit 26: Others - Market size and forecast 2018-2023 ($ millions)
Exhibit 27: Others - Year-over-year growth 2019-2023 (%)
Exhibit 28: Market opportunity by type
Exhibit 29: Customer landscape
Exhibit 30: Market share by geography 2018-2023 (%)
Exhibit 31: Geographic comparison
Exhibit 32: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 34: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: North America - Year-over-year growth 2019-2023 (%)
Exhibit 36: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 38: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 39: South America - Year-over-year growth 2019-2023 (%)
Exhibit 40: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 41: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 42: Key leading countries
Exhibit 43: Market opportunity
Exhibit 44: Impact of drivers and challenges
Exhibit 45: Vendor landscape
Exhibit 46: Landscape disruption
Exhibit 47: Vendors covered
Exhibit 48: Vendor classification
Exhibit 49: Market positioning of vendors
Exhibit 50: Arteasans Beverages LLC - Vendor overview
Exhibit 51: Arteasans Beverages LLC - Product segments
Exhibit 52: Arteasans Beverages LLC - Key offerings
Exhibit 53: Fito Ltd. - Vendor overview
Exhibit 54: Fito Ltd. - Product segments
Exhibit 55: Fito Ltd. - Key offerings
Exhibit 56: Godrej Group - Vendor overview
Exhibit 57: Godrej Group - Product segments
Exhibit 58: Godrej Group - Organizational developments
Exhibit 59: Godrej Group - Geographic focus
Exhibit 60: Godrej Group - Segment focus
Exhibit 61: Godrej Group - Key offerings
Exhibit 62: Granum Inc. - Vendor overview
Exhibit 63: Granum Inc. - Product segments
Exhibit 64: Granum Inc. - Key offerings
Exhibit 65: Herbaty Szlachetne Sp. z o.o - Vendor overview
Exhibit 66: Herbaty Szlachetne Sp. z o.o - Product segments
Exhibit 67: Herbaty Szlachetne Sp. z o.o - Key offerings
Exhibit 68: Numi, Inc. PBC - Vendor overview
Exhibit 69: Numi, Inc. PBC - Product segments
Exhibit 70: Numi, Inc. PBC - Organizational developments
Exhibit 71: Numi, Inc. PBC - Key offerings
Exhibit 72: ORGANIC INDIA - Vendor overview
Exhibit 73: ORGANIC INDIA - Product segments
Exhibit 74: ORGANIC INDIA - Key offerings
Exhibit 75: Tata Global Beverages Ltd. - Vendor overview
Exhibit 76: Tata Global Beverages Ltd. - Product segments
Exhibit 77: Tata Global Beverages Ltd. - Organizational developments
Exhibit 78: Tata Global Beverages Ltd. - Geographic focus
Exhibit 79: Tata Global Beverages Ltd. - Segment focus
Exhibit 80: Tata Global Beverages Ltd. - Key offerings
Exhibit 81: The Republic of Tea - Vendor overview
Exhibit 82: The Republic of Tea - Product segments
Exhibit 83: The Republic of Tea - Organizational developments
Exhibit 84: The Republic of Tea - Key offerings
Exhibit 85: Unilever Group - Vendor overview
Exhibit 86: Unilever Group - Business segments
Exhibit 87: Unilever Group - Organizational developments
Exhibit 88: Unilever Group - Geographic focus
Exhibit 89: Unilever Group - Segment focus
Exhibit 90: Unilever Group - Key offerings
Exhibit 91: Validation techniques employed for market sizing
Exhibit 92: Definition of market positioning of vendors

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Arteasans Beverages LLC
  • Fito Ltd.
  • Godrej Group
  • Granum Inc.
  • Numi Inc. PBC
  • ORGANIC INDIA
  • MORE
The following companies are recognised as the key players in the global functional tea market: Arteasans Beverages LLC, Fito Ltd., Godrej Group, Granum Inc., Herbaty Szlachetne Sp. z o.o, Numi Inc. PBC, ORGANIC INDIA, Tata Global Beverages Ltd., The Republic of Tea, and Unilever Group.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the premiumization of functional tea products.”

According to the report, one of the major drivers for this market is the health benefits of functional tea.

Further, the report states that one of the major factors hindering the growth of this market is the availability of substitutes.

The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Arteasans Beverages LLC
  • Fito Ltd.
  • Godrej Group
  • Granum Inc.
  • Herbaty Szlachetne Sp. z o.o
  • Numi Inc. PBC
  • ORGANIC INDIA
  • Tata Global Beverages Ltd.
  • The Republic of Tea
  • Unilever Group.
Note: Product cover images may vary from those shown

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