Hemp Tea Market By Distribution Channel (Online/Direct-to-Consumer, Convenience stores, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global hemp tea market is envisioned to garner $392.8 million by 2031, growing from $56.2 million in 2021 at a CAGR of 22.1%.
Hemp tea, a refreshing herbal beverage, which is made from hemp leaves, stems, flowers, or buds. Hemp tea helps in reducing stress, anxiety, depression, and pain. Over the past few years, growth trajectories have been dramatically impacted by manufacturers' race to develop environmentally friendly products.
The rising global appeal of plant-based super foods is another major trend that has pushed the boundaries of product development in the market for hemp tea products. These factors have positively impacted the demand for hemp tea or CBD tea during the recent times. The popularity of veganism is growing as more people are becoming aware regarding the numerous health benefits of hemp and hemp tea. These factors are anticipated to promote hemp tea market growth over the course of the analysis.
However, companies who sell hemp and goods made from cannabidiol must be abide by local laws in each nation. Despite the fact that different varieties of hemp tea with varying degrees are legalized around the world, manufacturers and other stakeholders might find it challenging to adhere to the strict regulatory standards that apply to the cultivation and sale of industrial hemp in different states within the same country. These factors are projected to limit the hemp tea market size during the analysis timeframe.
Furthermore, the demand for hemp tea is rapidly rising all around the world. Maintaining body weight and lowering anxiety and depression are just a few of the health advantages of hemp tea. Additionally, hemp tea is a great source of nutrients, vitamins, minerals, and antioxidants, all of which improve one's health. Many consumers have been drawn to test these new herbal items made from plants because of the advantages of hemp tea. During the anticipated term, this factor is likely to fuel the hemp tea industry growth.
The market for hemp tea suffered a serious setback during the COVID-19 pandemic. The dangerous coronavirus infected millions of people worldwide on a daily basis and had a negative impact on their health. The accessibility of raw ingredients for the production of hemp tea was restricted in addition to the overall lockdown and travel restrictions that has affected the hemp tea market revenue during the pandemic.
The key players profiled in the hemp tea market report include ItsHemp, Willie's Remedy, Clipper Teas, Buddha Teas, Traditional Medicinals, The Tea Can Company, Cannabiniers, Colorado Harvest Company, Charlotte's Web, and Green Roads
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hemp tea market analysis from 2021 to 2031 to identify the prevailing hemp 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 hemp 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 hemp tea market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Distribution Channel
Online/Direct-to-Consumer
Convenience stores
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
UAE
South Africa
Rest of LAMEA
Key Market Players
ItsHemp
Willie's Remedy
Clipper Teas
Buddha Teas
Traditional Medicinals
The Tea Can Company
Cannabiniers
Colorado Harvest Company
Charlotte's Web
Green Roads
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