Herbal Beverages Market
Herbal Beverages Market Global Industry Assessment & Forecast
#
Pages:
175
2021
Nov - 2021
VMR-2021-0244
Segments Covered
By
Type Herbal Tea, Healthcare Drink, Sports Drink, Others
-
By
Application Normal Drinking, Functional Drinking, Others
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
1.56 Billion |
 Revenue 2028:
|
2.45 billion |
 Revenue CAGR
(2021 - 2028): |
5.1 |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Herbal Beverages Market - Global Market Assessment, 2021 - 2028
Vantage Market Research follows a proven/time-tested robust methodology to attain results on quantitative and qualitative analysis for specific market research studies. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. We conduct more than 100 primary interviews for each market either through mail or telephone call. Consumer spending and food habits data distinguished by regions was considered while studying the Herbal Beverages market.
Vantage Market Research employs the most infallible research methodology that ensures clients are receiving:
- Reliable, valued, vigorous, and actionable data analysis that would help to take key business decisions
- Statistically improved and consistent insights through a veracious and well-audited research methodology.
- Independent study ensures a tangible representation of the market.
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- First-hand information global market size, regional and segmental trends, competitive landscape
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Herbal Beverages market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market.
FAQ
Frequently Asked Question
What is the global demand for Herbal Beverages in terms of revenue?
-
The global Herbal Beverages valued at 1.56 Billion in 2020 and is expected to reach 2.45 billion in 2028 growing at a CAGR of 5.1%.
Which are the prominent players in the market?
-
The prominent players in the market are Asahi Soft Drinks, Coca-Cola, Suntory, Ting Hsin International Group, Jiaduobao Group, Dr Pepper Snapple, Kirin, Unilever Group, Danone, Nongfu Spring, Hangzhou Wahaha Group, Red Bull..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 5.1% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Herbal Beverages include
- Herbal Beverages fight against various diseases like cold & cough, infections, insomnia, stomach issues and Others, which is driving the growth of Herbal Beverages in the market globally.
- Herbal Beverage is a boon for cell rejuvenation and growth. It makes the tissues of the body stronger and as it is rich in anti-oxidant properties, it prevents cell damage; be it due to pollution or effect of free radicals. It is even said that herbal tea is good for lowering the aging process. These are also some of the determinants driving the market growth.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Herbal Beverages in 2020.
