The latest research report by Emergen Research, named ‘Global Herbal tea Market - Forecast to 2032 The report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
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. According to different studies, chamomile tea was found to safely improve quality of sleep. These properties of herbal tea and various health benefits associated with drinking herbal tea are expected to increase sales and led to wider adoption of herbal tea, which is driving revenue growth of the market.
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Covid 19 impact analysis:
The market intelligence report offers a complete overview of the Herbal Tea market, with minute details on the competitive landscape and the profiles of the key companies operating in the business. Our team of analysts has conducted an assessment of the historical market trends, estimated growth rate, revenue generation, production capacity, pricing structure, and numerous other vital aspects of the market, including key market drivers, opportunities, challenges, and restraints. The latest research report delivers a precise study of the Herbal Tea industry, emphasizing its vital components, such as import and export analysis, production and consumption rates, sales channels, and consumer bases in the leading regions across the global market. The report further examines the crucial facts and figures related to the current market landscape and offers industry-verified databases for businesses that look forward to investing in the market. Furthermore, the report includes actionable insights intended to help readers identify the most prominent opportunities and challenges prevailing in the Herbal Tea market’s broad competitive landscape.
Major companies profiled 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.
Research objectives:
The report contains updated information about the ongoing COVID-19 pandemic and acts as an accurate analysis of the COVID-19 impact on the Herbal Tea market. The report draws attention to the COVID-19 impact on the market and its crucial segments. As per the report, the current pandemic is one of the major contributing elements for the potential decline of the market in the coming years. The business sector has been drastically affected by the pandemic, which has adversely altered the market dynamics and demand trends. Financial difficulties brought by the pandemic have delayed the progress rate of various businesses and disrupted the global supply chains. The report further provides a future impact assessment of the Herbal Tea market concerning COVID-19.
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https://www.emergenresearch.com/industry-report/herbal-tea-market
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)
o Chamomile
o Peppermint
o Lemongrass
o Ginger
o Hibiscus
o Others
· Function Outlook (Revenue, USD Billion, 2019–2030)
o Cognitive Health
o Digestive Health
o Sleep Disorders
o Others
· Distribution Channel Outlook (Revenue, USD Billion, 2019–2030)
o Online
o Offline
Regional Outlook:
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of EU)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Global Herbal Tea Market Report:
· Along with a complete overview of the global Herbal Tea market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
· The report elaborates on the global Herbal Tea market size and share governed by the major geographies.
· It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
· It further presents a detailed description of the company profiles of the key market contenders.
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About Emergen Research :
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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