Pune, India, Oct. 12, 2022 (GLOBE NEWSWIRE) -- The global organic tea market is set to gain momentum from the rising popularity of retail organic food and beverages on account of their easy consumption and wide availability. This information is given by Fortune Business Insights™ in a new report, titled, “Organic Tea Market Size, Share, and Regional Forecast, 2020–2027.” The report further states that the market size was USD 820.8 million in 2019. It is projected to reach USD 1,918.7 million by 2027, exhibiting a CAGR of 11.2% during the forecast period.
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A list of all the renowned organic tea providers operating in the global market:
- Associated British Foods plc (London, U.K.)
- Unilever plc (London, U.K.)
- Tata Consumer Products Limited (Mumbai, India)
- The Bigelow Tea Company (Connecticut, U.S.)
- The Republic of Tea, Inc. (California, U.S.)
- The Stash Tea Company (Oregon, U.S.)
- Tazo Tea Company (Washington, U.S.)
- Shangri La Tea Company (Nevada, U.S.)
- Newman’s Own, Inc. (Connecticut, U.S.)
- Organic India Pvt. Ltd. (Lucknow, India)
Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2020-2027 |
| Forecast CAGR | 11.2 % |
| 2027 Value Projection | USD 1,918.7 Million |
| Base Year | 2019 |
| Organic Tea Market Size in 2019 | USD 820.8 Million |
| Historical Data | 2016-2018 |
| No. of Pages | 185 |
| Segments Covered | By Type, By Distribution Channel, By Form |
| Organic Tea Market Growth Drivers | Growing Knowledge Regarding Healthfulness & Safety of Organic Products to Fuel Growth |
| Increasing Demand for Specialty Teas to Fuel Growth |
COVID-19 Pandemic: Urgent Need to Enhance Immune Systems to Aid Growth
The COVID-19 pandemic has taken a huge toll on the entire food system worldwide. The supply chain of organic tea was disrupted owing to nationwide lockdown and social distancing measures. However, the rising concerns of people regarding their health and immune systems are expected to propel the demand for numerous nutritional beverages across the globe. It is likely to impact the market positively.
Browse Summary of this Research Report:
https://www.fortunebusinessinsights.com/industry-reports/organic-tea-market-100804
What Does This Report Contain?
This report includes in-depth information associated with change in material usage, new product launches, and technological advancements. It provides market dynamics based on various factors, such as opportunities, challenges, drivers, hindrances, and dynamics. At the same time, it will deliver a complete insight from the supply side respondents related to market share, distribution, and size.
Drivers & Restraints-
High Demand for Nutrient-rich Food & Beverages to Bolster Growth
People nowadays are inclining rapidly toward nutrient-rich food & beverages for maintaining their overall health and wellness. They are looking for products that contain more functional ingredients to reduce the occurrences of lifestyle-related health disorders, such as obesity, cardiovascular conditions, and diabetes. Also, the increasing demand for ready-to-drink functional beverages from millennials would accelerate the organic tea market growth in the near future. However, this tea is expensive because of its limited production. It may obstruct growth.
Segment-
Black Tea Segment to Hold 77.76% Share in 2019
Based on type, the black tea segment generated 77.76% in terms of the organic tea market share in 2019. This growth is attributable to its possession of several health benefits. This tea has antioxidants.
Regional Insights-
Increasing Awareness of Health Benefits to Spur Growth in North America
Geographically, North America procured USD 262.6 million in terms of revenue in 2019. It is set to lead the market throughout the forthcoming years on account of the rising awareness programs to educate people about the health benefits of this healthy tea.
Asia Pacific, on the other hand, would grow steadily backed by the rising production of organic tea, especially in China. Coupled with this, the surging discretionary incomes of people would aid growth in this region. In Europe, the rising demand for premium specialty teas with authentic and unique flavors would propel growth.
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Competitive Landscape-
Key Players Focus on Introducing Innovative Products to Compete with Their Rivals
The market has a moderately consolidated structure. It is majorly dominated by a handful of multinational organizations. They are presently focusing on new product launches, acquisitions, and partnership strategies to compete with their rivals in the market.
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Emerging Trends
- Key Insights
- Overview of the Parent/Related Markets
- Industry SWOT Analysis
- Supply Chain Analysis
- Recent Industry Developments - Policies, Partnerships, New Form Launches, and Mergers & Acquisitions
- Market Analysis and Insights (in Relation with COVID-19)
- Impact of COVID-19 on the Market
- Supply Chain Challenges due to the Pandemic
- Potential Opportunities to Support Sales during the Calamity
- Global Organic Tea Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type
- Black Tea
- Green Tea
- Others
- By Form
- Tea Bags
- Loose Leaves
- Loose Powder
- Ready-to-drink
- By Distribution Channel
- Supermarket/Hypermarket
- Specialty Stores
- Convenience Stores
- Online Retail
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Type
TOC Continued…!
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