Flavor Tea Market

The global Flavor Tea market was valued at USD 10.48 Billion in 2020 and is projected to reach USD 18.29 Billion by 2028, growing at a CAGR of 7.21% from 2021 to 2028.

Tea is an aromatic beverage derived from Camellia Sinensis plant. It is one of the most consumed beverage in the world. Black tea and green tea are the most popular tea while herbal tea is gaining popularity.

This report provides an analysis of the Flavor Tea market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report includes exhaustive analysis of segments, regions and countries comprising of market size and estimations in terms of revenue for the years 2016–2028. There regional section of the report is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Moreover, the report also covers exhaustive information on growth factors/drivers, restraints, opportunities, regulatory landscape and technology roadmap among others. Moreover, the report also includes exhaustive SWOT analysis, PEST analysis, value chain analysis, and Porter’s five forces analysis on Flavor Tea market. This data is likely to help the industry stakeholders and stimulate the decision-making process.

The COVID-19 outbreak has affected various industries worldwide. The Flavor Tea market is no exception. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop swift spread of COVID-19. These actions led to severe impact on the global economy. Industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The rise in awareness among people for losing weight, change in packaging styles to attract consumers and increasing e-commerce industry is expected to augment the growth of the flavor tea market in the near future. 

The easy availability of tea across the globe and inclination of consumers towards flavored tea from traditional tea along with increasing demand from various economies is further likely tos augment the growth of the market during the estimated period. 

The high prices of flavored tea and awareness of adverse effects of overconsumption is expected to limit the growth of the market in near future.

The report delivers an acute breakdown of the market based on various segments such as Product, Application, , and region. The report includes market size and forecast for each segment by region/country for the years 2016–2028. Moreover, it also covers a thorough analysis of growth factors and opportunities impacting segmental growth.

On the basis of Product, the market is divided into Apple Tea, Blueberry Tea, Cinnamon Tea, Cranberry Tea, Lemon Tea, Mint Tea, Mango Tea, Orange Tea, Peach Tea, Pomegranate Tea, Raspberry Tea, Vanilla Tea, Chocolate Tea, Chamomile Tea, Caramel Tea, Chai Tea, Ginger Tea, Rose Tea, Other Flavors,. Apple Tea dominated the global Flavor Tea market in 2020 and is projected to witness the same trend during the forecast period.

Based on Application, the market is segmented into Residential, Hospitals, Luxury Hotels, Other,. Commercial accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Based on the geography, the global Flavor Tea market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. Moreover, the regional sections if further bifurcated into key country level markets for better understanding of the market.

The report covers detailed analysis on drivers, business opportunities, regulatory norms, supplier concertation and such other factors impacting regional growth. Moreover, it also covers market estimations and forecast for each segment for each region for the years 2016–2028. 

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

The global Flavor Tea market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Flavor Tea market are Luzianne, Red Rose, Dilmah, Traditional Medicinals, Bigelow, Yogi Tea, Mariage, Stash Tea, Yorkshire Tea, Tazo., Harney & Sons, Mighty Leaf Tea, Twinings, Celestial Seasonings, Tatley, The Republic of Tea, Tevana, Lipton, PG Tips, Laduree.  This section of the report provides in depth analysis on key market players based on various parameters such as business overview, portfolio analysis, business strategies, financial performance, geographical presence, and recent developments among others. It will also include information on key strategies adopted by major market players. 

• The global Flavor Tea market was valued at USD 10.48 Billion in 2020
• The global Flavor Tea Market is projected to reach USD 18.29 Billion by 2028
• Europe held the highest share of the Flavor Tea market in 2020
• Some of the major companies operating in the Flavor Tea market are Luzianne, Red Rose, Dilmah, Traditional Medicinals, Bigelow, Yogi Tea, Mariage, Stash Tea, Yorkshire Tea, Tazo., Harney & Sons, Mighty Leaf Tea, Twinings, Celestial Seasonings, Tatley, The Republic of Tea, Tevana, Lipton, PG Tips, Laduree