Craft Tea Market By Product Type (Blooming craft tea, Active craft tea, Floating floss craft tea), By End User (Commercial, Individual), By Distribution Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2021-2031
The craft tea market was valued at $331.7 million in 2021 and is projected to reach $465.3 million by 2031, registering a CAGR of 3.5%. North America region held the major share in the market.
Tea is the most commonly consumed drink after water, with several health benefits. The aromatic beverage is made via processing and fermentation of Camellia Sinensis plant leaves. It contains potential antioxidants known as flavonoids, which stabilize harmful free radicals in the body. In addition, tea comprises vitamins C, K, B12, B6, & E; trace amount of potassium, manganese, magnesium, & calcium minerals; and different amino acids such as L-theanine. Several studies and researches on tea suggest that it prevents cancer, lowers cholesterol, facilitates weight loss, and enhances immunity.
The growth of the craft tea market is driven by increase in health-related concerns of people, which is shifting their attention from carbonated drinks to tea. Furthermore, rise in café culture, growth in disposable income, change in tastes of people, and introduction of additional healthy ingredients in tea by different market players are some other factors that drive the growth of the market. However, increase in cost of raw materials due to unpredictable weather, high cost of production, and increase in trend of coffee consumption are expected to hamper the growth of market during the forecast period. Furthermore, pandemic and the disruption in the supply chain may further hamper growth of craft tea market. On the contrary, growth in demand from health-conscious young population and introduction of new flavor & variety are anticipated to provide lucrative opportunities for expansion of the market.
The craft tea market is categorized into product type, end user, distribution channel, and region. By product type, it is classified into blooming craft tea, active craft tea, and floating floss craft tea. On the basis of end user, it is bifuecated into commercial and individual. By distribution channel, the market is categorized into online and offline. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, Netherland, Italy, Belgium, Russia, France, Spain and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Pakistan, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil Argentina UAE, Saudi Arabia, Chile, Algeria, Nigeria, Egypt, South Africa, and rest of LAMEA)
The key players in the Craft tea market are LUPICIA CO., LTD, COFCO, Teasenz, California Tea House, Panella Foods and Beverages Private Limited, Bettys & Taylors Group Ltd, FMS Consumer Products Pvt Ltd, Bharat Group, VAHDAM, and Stash Tea.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the craft tea market analysis from 2021 to 2031 to identify the prevailing craft tea market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the craft tea market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global craft tea market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Distribution Channel
Online
Offline
sub type
Supermarkets and Hypermarkets
Specialty Stores
Convenience Stores
Others
By Product Type
Blooming craft tea
Active craft tea
Floating floss craft tea
By End User
Commercial
Individual
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
Netherlands
Italy
Belgium
Russia
France
Spain
Rest Of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Thailand
Pakistan
Indonesia
Rest Of Asia-Pacific
LAMEA
Brazil
Argentina
UAE
Saudi Arabia
Chile
Algeria
Nigeria
Egypt
South Africa
Rest Of LAMEA
Key Market Players
LUPICIA CO., LTD
COFCO
Teasenz
CALIFORNIA TEA HOUSE
Panella Foods and Beverages Private Limited
Bettys and Taylors Group Ltd
FMS Consumer Products Pvt Ltd
BHARAT GROUP
VAHDAM
Stash Tea
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