Global Flavored Tea Market accounted for USD 14.1 billion in 2017 and is projected to grow at a CAGR of 7.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Global Flavored Tea Market, By type (Black Tea, Green Tea, Oolong Tea, Herbal Tea), By Flavor (Lemon, Peach, Strawberry, Others), By Distribution Channel (Store Based Retailer {Grocery Retailers, Supermarkets/Hypermarkets, Convenience Stores, Others} Non-Store Retailer), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East & Africa) and Forecast to 2025
Market Definition:
This market report defines the market trends and forecast the upcoming opportunities and threats of the flavored tea market in the next 8 years. A flavored tea is comprised of leaves from the tea plant camellia sinensis, which adds flavor to it of one kind or another. There are numerous varieties of flavored teas available in the market; few of them are orange black teas, almonds, various other fruits, even candy cane. Various developments have taken place in the field of flavored tea market. For instance, In June 2015, Arteasan launched two new flavors Oolong Tea with Pineapple & Ginger. In April 2015, Ketepa recently launched new products to its family the new flavored tea are jasmine, mango, strawberry, orange, earl grey and mint. In March 2017 IOT EN, a green tea beverage company launched new ice-steeped cold brew RTD tea. In September 2017, Vivid’s Match Green Tea flavors launched three flavors to its portfolio. In 2018, the Coca-Cola Company brought its fast-growing FUZE tea to Europe.
Major Market Drivers and Restraints:
- Increased awareness related to health benefits of herbal and green tea
- Increased campaigns by key players to promote RTD tea
- Increased disposable income leading to change in lifestyle
- High cost of products
Market Segmentation:
Based on type, the global flavored tea market is segmented into black tea, green tea, oolong tea and herbal tea.
On the basis of flavor, the global flavored tea market is segmented into lemon, peach, strawberry, orange, almonds, candy cane and others.
On the basis of distribution channel, the global flavored tea market is segmented into store based retailer, non-store retailer. The store based retailer is sub segmented into grocery retailers, supermarkets/hypermarkets, convenience stores, others.
Based on geography, the global flavored tea market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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This report consists of below pages:
- No of pages: 350
- No of Figures: 60
- No of Tables: 220
Competitive Landscape:
The global flavored tea market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors:
Some of the major players in the global flavored tea market are Twining and Company Limited, Tata Global Beverages, THE COCA-COLA COMPANY, Kenya Tea Packers (KETEPA) Limited, Unilever, Tea Forté Inc., DavidsTea, Kusmi Tea, Argo Tea, Wild Flavors And Specialty Ingredients and others.
Research Methodology:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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