Functional Tea Market Size to grow by USD 3608.7 million between 2024-2028
According to a research report “ Functional Tea Market” by Distribution Channel (Offline, Online) Type (Herbal tea, Fruit tea, Flower tea, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 3608.7 million, at a CAGR of 6.5% during the forecast period. In the dynamic beverage market, functional tea compositions, consisting of herbs and medicinal plant extracts, have gained significant traction due to their potential health benefits. These benefits include bolstering immunity, thereby offering protection against colds, and enhancing digestion. Consequently, consumers worldwide are increasingly favoring tea products infused with functional, health-promoting ingredients. Two such examples are Yerba Mate and Hibiscus tea. Yerba Mate, renowned for its antioxidant and nutrient-rich properties, offers numerous health advantages. It boosts energy and immunity, improves mental focus and physical performance, aids in weight loss and body fat reduction, and lowers the risk of heart diseases and blood sugar levels. Hibiscus tea, another popular functional tea, is rich in vitamin C and flavonoids. It is known to reduce blood sugar levels, lower blood pressure, aid in digestion, alleviate menstrual cramps, and maintain liver health. Both of these functional teas provide consumers with a healthier alternative to traditional beverages, making them a valuable addition to any wellness routine..
Browse market data tables, figures, and in-depth TOC on “Functional Tea Market” by Distribution Channel (Offline, Online) Type (Herbal tea, Fruit tea, Flower tea, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Distribution Channel, the Offline segment is projected to dominate the market size in 2024
The Functional Tea Market represents a significant growth opportunity for businesses, with consumers increasingly seeking healthier beverage options. Functional teas, infused with vitamins, minerals, and antioxidants, cater to various health concerns, such as immunity, digestion, and stress relief. Market research indicates a steady growth trajectory, driven by rising health awareness and a shift towards natural remedies. Businesses can capitalize on this trend by offering high-quality, innovative functional tea products to meet evolving consumer preferences.
By Type, Herbal tea segment is expected to hold the largest market size for the year 2024
The Functional Tea Market represents a significant growth opportunity for businesses, driven by increasing consumer awareness and preference for healthier beverage options. Key functionalities, such as antioxidant properties, stress relief, and immune system support, are attracting a broad customer base. Market trends indicate continued expansion, with innovation in flavors, packaging, and delivery systems. Companies that can effectively cater to these demands and deliver high-quality, authentic functional tea offerings will thrive in this dynamic market.
North America is forecasted to hold the largest market size by region in 2024
The Functional Tea Market represents a significant business opportunity due to its growing consumer base seeking health benefits beyond traditional beverages. This segment encompasses teas infused with vitamins, minerals, antioxidants, and other functional ingredients. Market growth is driven by increasing health consciousness, shifting consumer preferences, and innovative product development. Companies are investing in research and development to cater to this niche market, ensuring high-quality and effective functional tea blends.
The Functional Tea Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
.
For insights on company offerings- Request a sample report!
Research Analysis Overview
The functional tea market is experiencing significant growth due to increasing consumer awareness about the health benefits of tea and digital innovations in the industry. According to recent reports, the global tea plantation acreage is expanding, with a focus on producing high-quality functional teas. These teas, which include herbal blends and traditional varieties like green tea, are rich in polyphenols, catechins, and antioxidant properties. Functional teas are gaining popularity as natural remedies for various health conditions such as osteoporosis, cardiovascular diseases, and arthritis. E-commerce platforms have made it easier for health-conscious consumers to access these teas, with brands like Lavender Dream, Golden Jasmine, Petite Bouquet, Ceremonial Matcha, Citrus Matcha, and Numi leading the way. Premiumization is a key trend in the market, with consumers willing to pay a premium for teas with quality assurance stamps and organic ingredients. Functional teas offer numerous health benefits, including weight management, improved metabolism, and heart health. With their antioxidant properties, they help fight free radicals and promote overall wellness. As consumers continue to seek natural remedies for various health concerns, the functional tea market is poised for continued growth.
Market Research Overview
The functional tea market is experiencing significant growth due to increasing consumer awareness towards wellness, natural remedies, and nutrient-enriched beverages. The tea plantation acreage is expanding as small-scale producers and multinational corporations invest in this industry. Digital innovations, including e-commerce platforms, have made functional teas more accessible to health-conscious consumers. Functional teas offer various health benefits, such as antioxidants for stress reduction, energy boost, relaxation, detoxification, and immune-boosting properties. These teas are derived from Camellia sinensis and infused with herbs, spices, and botanicals, catering to different segments like diabetes, cancer, chronic illnesses, and weight management. Functional tea types include Green Tea, Oolong Tea, White Tea, and Black Tea, each with unique antioxidant properties like polyphenol content and catechins. Functional teas are available in various forms, such as tea bags, loose leaves, herbal tea, and powders, catering to consumer preferences for convenience and portability. Retailers, ingredient suppliers, and industry innovations are driving the functional tea market, with specialty stores, convenience stores, and non-store-based retailers offering a wide range of functional tea blends and botanical infusions. Functional tea's preventive healthcare benefits and natural ingredients have made it a popular choice for consumers seeking optimal infusion, measuring or straining, and premiumization, with brands like Sunset Oolong, Dragon Lily, Lavender Dream, Golden Jasmine, Petite Bouquet, and Ceremonial Matcha leading the way.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
