Flavored Tea Market 2019
Description: –
The worldwide flavored tea market is anticipated to prosper well in the coming years. The analysis predicts the future of the market based on the data provided by previous forecast period trends and various influential aspects and forecasts the prospects of the industry in various regions of the world. Flavored tea is used as a flavored beverage which can be used to refresh the mind and can also be used as a medicinal herb in some cases.
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Major Key Players
• Twining and Company Limited. (U.K)
• Numi, Inc. (U.S.)
• ITO EN (North America) Inc. (U.S.)
• Tata Global Beverages Ltd. (India)
• The Unilever Group (U.K)
• Barry’s Tea Ltd. (Ireland)
• R.C. Bigelow, Inc. (U.S.)
• Celestial Seasonings, Inc. (U.S.)
• Harney & Sons Tea Corp. (U.S.)
• Mighty Leaf Tea Company (U.S.)
When compared with unflavored tea, flavored tea is more prevalent and widely used owing to the health benefits it possesses. The various health and flavor benefits provided by the several varieties of flavored tea is also a huge motivating factor in the propulsion of the flavored tea market. Higher prevalence of cardiovascular diseases and obesity have also led to more consciousness in the consumers about healthy lifestyle choices which further boosts the growth of the worldwide flavored tea industry. Flavored tea also provides various fat burning benefits to the consumers which is also a huge booster for the worldwide flavored tea industry.
With the rise in disposable income across regions in the world, there has been a surge in the number of tea drinkers and that has motivated the overall flavored tea market. The introduction of the new flavors in the tea market is also a certified persuader for the overall flavored tea industry. Easy availability and low cost of flavored tea also elevates the overall flavored tea market.
Market Segmentation:
The overall flavored tea market is fragmented based on the type, flavor and distribution channels. The worldwide flavored tea market is divided on the basis of type as black tea, white tea, green tea, chamomile, earl grey, oolong, cinnamon, jasmine, mint and others. The overall flavored tea market is segmented based on the distribution channels as online and offline sources, wholesale and retail, hypermarkets and supermarkets. The world-wide flavored tea market is also fragmented on the basis of flavor as herbs, fruits and others.
Regional Analysis:
The worldwide flavored tea market is segmented based on geographies as Asia Pacific, Europe, North America and the remaining world. The APAC or Asia Pacific region is projected to expand the most in the coming forecast period which depends on a variety of influences such as expanding disposable revenue, raising appreciation about the benefits of tea and soaring population size. Furthermore, countries such as China, India and Indonesia are expected to be a bigger market for tea owing to the huge cultural significance of tea in their respective traditions.
Industry News:
November 2019: Mood33 launched a new line-up of hemp infused tea with herbal aspects which is completely US-grown, organic, broad variety hemp extract and authentic fruit juices. It also uses various other flavors such as peach, yerba mate, mint, passion fruit, lavender, watermelon and blueberries combined together in six categories.
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Table of Contents – Major Key Points
Chapter 1. Methodology And Scope
Chapter 2. Executive Summary
Chapter 3 Flavored Tea Market Insights
Chapter 4 Flavored Tea Market By Type Insights
Chapter 5 Flavored Tea Market By Flavor Insights
Chapter 6 Flavored Tea Market By Distribution Channel Insights
Chapter 7 Flavored Tea Market Regional Insights
Continued….
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