Functional Tea Market: Technavio Research Identifies North America as the Dominant Region
Regional Growth Analysis and Market Trends 2021-2025
The functional tea market is set to grow by $ 3173.61 billion, accelerating at a CAGR of almost 6.70% during the forecast period. This research report analyses the growth trajectory of the market with a purview to prevalent market scenarios. It provides a detailed analysis of all the trends, drivers, and challenges that will impact the market during the forecast period. The report also offers a breakdown of all the regional players and their market share along with best-performing segments. This detailed analysis will help our clients identify areas of high growth as well as those with significant growth potential.
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Functional Tea Market: North America to lead market growth during the forecast period
- 32% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Functional Tea Market size.
- Health benefits of functional tea will be a significant factor in driving the growth of the functional tea market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities.
- Market is segmented by Type (Herbal tea, Fruit tea, Flower tea, and Others) and Geographic (North America, Europe, APAC, South America, and MEA).
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 6.70%.
- What is the incremental growth of the market?
The market is expected to grow by $ 3173.61 billion through 2021-2025.
- What is a key factor driving this market?
Health benefits of functional tea will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
32% growth will originate from North America
- Who are the leading market vendors?
The leading vendors in this market are Arteasans Beverages LLC, ekaterra B.V, Fito Ltd., Godrej and Boyce Manufacturing Co. Ltd., Herbaty Szlachetne Sp. z o. o, Numi Inc. PBC, ORGANIC INDIA Pvt. Ltd., Tata Consumer Products Ltd., The Republic of Tea, and Tiesta Tea Co.
- What are the market segments covered in this report?
The market is segmented by Type (Herbal tea, Fruit tea, Flower tea, and Others) and Geographic (North America, Europe, APAC, South America, and MEA).
Market Segmentation by Type
- Functional Tea Market Split by Type
- Herbal tea
- Fruit tea
- Flower tea
- Functional Tea Market Split by Geographic
- North America
- South America
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Arteasans Beverages LLC
- ekaterra B.V
- Fito Ltd.
- Godrej and Boyce Manufacturing Co. Ltd.
- Herbaty Szlachetne Sp. z o. o
- Numi Inc. PBC
- ORGANIC INDIA Pvt. Ltd.
- Tata Consumer Products Ltd.
- The Republic of Tea
- Tiesta Tea Co.