In a recently published report by Research Nester, titled “Flavored Tea Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global flavored tea market in terms of market segmentation by type, by flavor, by distribution channel, and by region.
Based on type, the global flavored tea market is bifurcated into loose leaf and CTC tea; by flavor into fruits, flower, herbs and spices; and by distribution channel into online and offline.
The flavored tea market is anticipated to project a significant CAGR over the forecast period i.e. 2019-2027.
The global tea market is likely to witness a considerable growth on account of its appealing flavor and medicinal benefits. Moreover, enhanced taste, ease in availability, changing consumer behaviour from traditional tea towards the flavored tea has contributed to the growth of the market. This can be attributed to aroma of the tea that helps reducing the stress and relieve the anxiety.
The market in Asia Pacific is estimated to show significant growth during the forecast period on the back of rise in demand for tea along with its numerous health benefits. Anti-inflammatory, antioxidants and weight-loss benefits of flavored tea has increased its production and consumption particularly in China, India and other emerging economies. According to Food and Agriculture Organization of the United Nations, the production of green tea in china is expected to double from approximately 1.5 million tonnes, between 2015-2017, to 3.3 million tonnes, by 2027. Europe is also expected to witness a considerable growth over the forecast period owing to increasing innovations concerning production of unique tea blends and flavors in the region.
Some flavored teas in addition to taste and aroma also provide various medicinal benefits. For instance, fruit teas usually contain a high amount vitamin C, which helps in maintaining the cholesterol and blood sugar. It also aids in weight reduction and immunity strength. This is expected to drive the growth of the market.
Additionally, some flavored teas are high in antioxidants. This helps to neutralize the damaged caused to cells via any biological process, prevents cardiovascular diseases and also provides a soothing and calming effect to body simultaneously boosting mental strength. This is also projected to foster the growth of the market.
However, high prices of some exotic and gourmet tea are expected to operate as a key restraint to the growth of global flavored tea market over the forecast period.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global flavored tea market which includes company profiling of
Associated British Foods plc, Apeejay Surrendra Group (Typhoo Tea) (India), Tata Global Beverages Ltd. (India), Goodricke Group Ltd. (India), Golden Tips Tea, Co. Pvt. Ltd. (India), Bettys & Taylors of Harrogate Ltd., Tetley, Dilmah Ceylon Tea Company Plc. , Harney and Sons Fine Teas, Unilever and other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global flavored tea market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.