LONDON--(BUSINESS WIRE)--Technavio has been monitoring the functional tea market and it is poised to grow by USD 2.89 billion during 2019-2023, progressing at a CAGR of about 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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 are some of the major market participants. Although the health benefits of functional tea will offer immense growth opportunities, the availability of substitutes will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Health benefits of functional tea have been instrumental in driving the growth of the market. However, the availability of substitutes might hamper market growth.
Functional Tea Market 2019-2023: Segmentation
Functional Tea Market is segmented as below:
■ Type
■ Herbal Tea
■ Fruit Tea
■ Flower Tea
■ Others
■ Geographic Landscape
■ APAC
■ Europe
■ MEA
■ North America
■ South America
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Functional Tea Market 2019-2023: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our functional tea market report covers the following areas:
■ Functional Tea Market size
■ Functional Tea Market trends
■ Functional Tea Market industry analysis
This study identifies the premiumization of products as one of the prime reasons driving the functional tea market growth during the next few years.
Functional Tea Market 2019-2023: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Functional Tea Market, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research reports on the Functional Tea Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Functional Tea Market 2019-2023: Key Highlights
■ CAGR of the market during the forecast period 2019-2023
■ Detailed information on factors that will assist functional tea market growth during the next five years
■ Estimation of the functional tea market size and its contribution to the parent market
■ Predictions on upcoming trends and changes in consumer behavior
■ The growth of the functional tea market
■ Analysis of the market’s competitive landscape and detailed information on vendors
■ Comprehensive details of factors that will challenge the growth of functional tea market vendors
Table Of Contents :
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
■ 2.1 Preface
■ 2.2 Preface
■ 2.3 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
PART 15: EXPLORE TECHNAVIO
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