Organic Tea Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The organic tea market is projected to grow at a CAGR of 5.75% during the forecast period (2020-2025).
Key HighlightsThe traditional teas are gaining popularity among the global population as they possess the benefits of natural ingredients with the least amount of preservatives, and promote the exchange of cultural ethics across the globe. Traditional tea brands increasingly look to diversify their functional offerings, promoting a holistic lifestyle that supports general wellbeing as well as more specific health benefits. Supercharged teas, fusing naturally functional ingredients with added nutrients take functional tea to an upgraded level. Lipton introduced a similar product in Germany, which is a flavoured green tea with added vitamin C and superfoods like yellow turmeric, aromatic lemon verbena, and a touch of spicy ginger.
Asia Pacific Market is Expected to Flourish in Near FutureThe Asia Pacific region turns out to be a potential market as countries like India, Pakistan, and Bangladesh have a major population of people who prefer tea over other beverages. Tea has been traditionally and culturally linked with China and Japan since ages and with the upcoming developments in the organic sector, the tea market has a great potential to expand even further in the region. Matcha tea, kombucha, lemon tea, and green tea are gaining popularity among the fitness freaks as they are both refreshing and have multiple associated benefits.
Competitive LandscapeThe organic tea market is fragmented but competition among the leading players is high because tea, as a beverage, already owns a significant global market share. The basic processing add-on and marketing techniques can make a brand the market leader. The introduction of an organic tag along with multiple flavors is the innovation platform for the players. The manufacturers are expanding their product portfolio by launching organic functional tea varieties to capture the market. Organic India, Unilever, Tata Global Beverage, and Celestial Seasonings, Inc. are among the market giants.
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