Technavio has been monitoring the functional tea market and it is poised to grow by USD 2.89 billion during 2019-2023, progressing at a CAGR of about 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Functional Tea Market 2019-2023 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Arteasans Beverages LLC, Fito Ltd., Godrej Group, Granum Inc., Herbaty Szlachetne Sp. z o.o, Numi Inc. PBC, ORGANIC INDIA, Tata Global Beverages Ltd., The Republic of Tea, and Unilever Group are some of the major market participants. Although the health benefits of functional tea will offer immense growth opportunities, the availability of substitutes will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Health benefits of functional tea have been instrumental in driving the growth of the market. However, the availability of substitutes might hamper market growth.
Functional Tea Market 2019-2023: Segmentation
Functional Tea Market is segmented as below:
Type
Herbal Tea
Fruit Tea
Flower Tea
Others
Geographic Landscape
APAC
Europe
MEA
North America
South America
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Functional Tea Market 2019-2023: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our functional tea market report covers the following areas:
Functional Tea Market size
Functional Tea Market trends
Functional Tea Market industry analysis
This study identifies the premiumization of products as one of the prime reasons driving the functional tea market growth during the next few years.
Functional Tea Market 2019-2023: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Functional Tea Market, including some of the vendors such as Arteasans Beverages LLC, Fito Ltd., Godrej Group, Granum Inc., Herbaty Szlachetne Sp. z o.o, Numi Inc. PBC, ORGANIC INDIA, Tata Global Beverages Ltd., The Republic of Tea, and Unilever Group. Backed with competitive intelligence and benchmarking, our research reports on the Functional Tea Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Functional Tea Market 2019-2023: Key Highlights
CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will assist functional tea market growth during the next five years
Estimation of the functional tea market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the functional tea market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of functional tea market vendors
Table Of Contents :
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.1 Preface
2.2 Preface
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY TYPE
Market segmentation by type
Comparison by type
Herbal tea Market size and forecast 2018-2023
Fruit tea Market size and forecast 2018-2023
Flower tea Market size and forecast 2018-2023
Others Market size and forecast 2018-2023
Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
APAC Market size and forecast 2018-2023
North America Market size and forecast 2018-2023
Europe Market size and forecast 2018-2023
South America Market size and forecast 2018-2023
MEA Market size and forecast 2018-2023
Key leading countries
Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 11: MARKET TRENDS
Premiumization of functional tea products
Growing preference for online shopping
Expansion of organized retailing
PART 12: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 13: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Arteasans Beverages LLC
Fito Ltd.
Godrej Group
Granum Inc.
Herbaty Szlachetne Sp. z o.o
Numi Inc. PBC
ORGANIC INDIA
Tata Global Beverages Ltd.
The Republic of Tea
Unilever Group
PART 14: APPENDIX
Research methodology
List of abbreviations
Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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