Functional Tea Market by Distribution Channel, Type and Geography - Forecast and Analysis 2023-2027

Published: May 2023 Pages: 165 SKU: IRTNTR71786

The functional tea market size is projected to increase by USD 3,348.54 million and the market size is estimated to grow at a CAGR of 6.4% between 2022 and 2027. In 2017 the size of the market was valued at USD 7,424.80 million.

This functional tea market report extensively covers market segmentation by distribution channel (offline and online), type (herbal tea, fruit tea, flower tea, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. 

One of the key factors driving the global functional tea market growth is the health benefits of functional tea. The health benefits include improved immunity, hence protection against cold, and better digestion. Some other functional tea products and their health benefits are Yerba mate, Hibiscus tea, Lemongrass tea, and Chamomile tea. Yerba mate is rich in antioxidants and nutrients, boosts energy and immunity, improves mental focus and physical performance, helps to lose body fat and weight, and lowers blood sugar levels and the risk of heart diseases. Hibiscus tea is rich in vitamin C and contains flavonoids, reduces blood sugar levels, lowers blood pressure, aids in digestion, helps in reducing menstrual cramps, and keeps the liver healthy.

Moreover, the lemongrass tea is rich in inflammation-fighting compounds such as disorienting and chlorogenic acid, helps in relieving anxiety and pain, lowers cholesterol levels, prevents infection, boosts oral health, and increases the red blood cell count. Chamomile tea is rich in flavonoids, helps in reducing menstrual pain, lowers blood sugar levels, and helps with relaxation and sleep. Therefore, growing awareness among consumers regarding the health benefits of functional tea is likely to propel the growth of the market during the forecast period.

Functional Tea Market Market: Overview

To get additional information about the market, Request Free Sample

 

Key Trend and Challenge

Our researchers analyzed the data with 2022 as the base year, along with the key trends, and challenges. A holistic analysis of drivers, trends, and challenges will help stakeholders in the value chain refine their marketing strategies to gain a competitive advantage.

Trends 

Premiumization of functional tea products is one of the key trends of the functional tea market. Premium functional tea products are marked with quality assurance stamps from the USDA and others, which regularize the product quality. Several vendors in the global functional tea market offer functional tea products under the premium category. For instance, Numi offers a product line of Premium Matcha green tea in two flavors called Citrus Matcha and Ceremonial Matcha.

It also offers Petite Bouquet, which is a tea box with four different flowering tea products. Flowering tea buds offered in this box include Dragon Lily, Sunset Oolong, Lavender Dream, and Golden Jasmine. Therefore, the premiumization of functional tea products is expected to propel the growth of the market during the forecast period.

Challenge 

One of the key challenges to the global functional tea market growth is the availability of counterfeit functional tea products. These types of products are leads to an uneven competitive scenario among genuine functional tea vendors. The counterfeit functional tea products lack quality and are priced lower than genuine products. Several instances of manufacturing and sales of counterfeit tea products, including functional tea products, have been seen in the global market.

For instance, a drug processing laboratory was raided by the Malaysian police in the Seberang Prai Selatan district of Malaysia. Drugs and more than 1000 fake herbal tea boxes were seized by the police from the facility. Consumers are often misled by similar product names and packaging as that of products of established brands, especially in APAC countries, such as China, India, and Thailand, and in Middle Eastern countries, such as the UAE, Saudi Arabia, and Qatar. This may hinder the sales of genuine functional tea products during the forecast period.

Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Functional Tea Market Customer Landscape

 

Vendor Overview

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Arteasans Beverages LLC: The company offers functional tea products in different flavors such as green tea, passion fruit, elderberry, black tea, blueberry, ginseng, white tea, mango, passionflower, yerba mate tea, peach and rosemary.
  • Associated British Foods Plc: The company offers functional tea products such as black tea, green tea, and loose leaf tea.
  • Barrys Tea: The company offers functional tea products such as Berrys tea gold, Berrys tea earl grey, and Berrys tea night time. Also, through this segment, the company offers loose tea, green tea, herbal tea, and more.

The functional tea market report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • ekaterra
  • Godrej and Boyce Manufacturing Co. Ltd.
  • Harney and Sons Fine Teas
  • Herbaty Szlachetne Sp. z o. o
  • MJF Exports Pvt. Ltd.
  • Numi Inc.
  • ORGANIC INDIA Pvt. Ltd.
  • PHARMADUS BOTANICALS S.L
  • Tata Sons Pvt. Ltd.
  • The Hain Celestial Group Inc.
  • The Organic Merchants
  • The Republic of Tea Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Functional Tea Market Segmentation by Type

Based on type, the market has been segmented into herbal tea, fruit tea, flower tea, and others. The herbal tea segment will account for the largest share of this segment. Herbal tea is witnessing high demand among health-conscious consumers as it has a higher proportion of antioxidants compared to other forms of tea. A variety of herbal tea products are available with different ingredients such as leaves, tree bark, plant roots, seeds, and various spices. The ingredients used in functional herbal tea have medicinal properties that help in curing body ailments, thereby leading to significant demand for functional herbal tea among health-conscious consumers. Some of the commonly used herbs in functional tea are linden leaf, holy basil, peppermint, and fennel. Various vendors offer herbal tea products in the global functional tea market. 

Functional Tea Market Segmentation by Distribution Channel

The market share growth by the offline segment will be significant during the forecast period. Offline distribution channels play a significant role in the functional tea market, as they provide consumers with the opportunity to physically see, touch, and sample the products before making a purchase. These channels also allow for personalized customer interactions and the assistance of knowledgeable staff who can provide recommendations and answer product-related queries.

For a detailed summary of the market segments Request for Sample Report

The offline segment was valued at USD 4,711.99 million in 2017 and continued to grow until 2021. The offline segment of the global functional tea market refers to the distribution and sale of functional tea products through physical retail channels, such as brick-and-mortar stores, supermarkets, specialty tea shops, and health food stores. This segment involves consumers visiting physical locations to purchase functional teas rather than making purchases through online platforms or e-commerce websites.

Key Regions for the Functional Tea Market 

Get a glance at the market share of various regions View PDF Sample

 

North America is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The increasing awareness about health and wellness among consumers is also increasing the demand for functional tea in North America. For instance, in 2020, a significant proportion of the total tea consumption in North America was contributed by functional tea, which included herbal tea and fruit tea. Also, the increasing adoption of functional tea in the tea bag format is positively influencing the growth of the market in the region.

In 2020, the outbreak of COVID-19 affected the market in countries such as the US and Canada.  However, the initiation of vaccination drives led to the resumption of business activities in the functional tea market in the last quarter of 2020. This resulted in the restoration of the supply chain and the reopening of manufacturing units of functional tea in the region, which stabilized the growth of the market in 2021. Also, vendors are increasingly adopting e-commerce channels to increase their sales in the region. Thus, all these factors are expected to propel the growth of the regional functional tea market during the forecast period.

Segment Overview

The functional tea market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Distribution Channel Outlook (USD Million, 2017 - 2027)
    • Offline
    • Online
  • Type Outlook (USD Million, 2017 - 2027)
    • Herbal tea
    • Fruit tea
    • Flower tea
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Functional Tea Market Scope

Report Coverage

Details

Page number

165

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.4%

Market growth 2023-2027

USD 3,348.54 million

Market structure

USD Fragmented

YoY growth 2022-2023(%)

5.78

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 32%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Arteasans Beverages LLC, Associated British Foods Plc, Barrys Tea, ekaterra, Godrej and Boyce Manufacturing Co. Ltd., Harney and Sons Fine Teas, Herbaty Szlachetne Sp. z o. o, MJF Exports Pvt. Ltd., Numi Inc., ORGANIC INDIA Pvt. Ltd., PHARMADUS BOTANICALS S.L, Tata Sons Pvt. Ltd., The Hain Celestial Group Inc., The Organic Merchants, The Republic of Tea Inc., and Tiesta Tea Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

BUY NOW Full Report and Discover more

What are the Key Data Covered in this Functional Tea Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the functional tea market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, APAC, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of functional tea market vendors

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global functional tea market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global functional tea market 2017 - 2021 ($ million)
    • 4.2 Distribution Channel Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Distribution Channel

    • 6.1 Market segments
      • Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 6.2 Comparison by Distribution Channel
      • Exhibit 32: Chart on Comparison by Distribution Channel
      • Exhibit 33: Data Table on Comparison by Distribution Channel
    • 6.3 Offline - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 6.4 Online - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Distribution Channel
      • Exhibit 42: Market opportunity by Distribution Channel ($ million)
      • Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 46: Chart on Comparison by Type
      • Exhibit 47: Data Table on Comparison by Type
    • 7.3 Herbal tea - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Herbal tea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on Herbal tea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on Herbal tea - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Herbal tea - Year-over-year growth 2022-2027 (%)
    • 7.4 Fruit tea - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Fruit tea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Fruit tea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Fruit tea - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Fruit tea - Year-over-year growth 2022-2027 (%)
    • 7.5 Flower tea - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Flower tea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Flower tea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Flower tea - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Flower tea - Year-over-year growth 2022-2027 (%)
    • 7.6 Others - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Type
      • Exhibit 64: Market opportunity by Type ($ million)
      • Exhibit 65: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 Canada - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.11 China - Market size and forecast 2022-2027
      • Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 107: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Arteasans Beverages LLC
              • Exhibit 119: Arteasans Beverages LLC - Overview
              • Exhibit 120: Arteasans Beverages LLC - Product / Service
              • Exhibit 121: Arteasans Beverages LLC - Key offerings
            • 12.4 Associated British Foods Plc
              • Exhibit 122: Associated British Foods Plc - Overview
              • Exhibit 123: Associated British Foods Plc - Business segments
              • Exhibit 124: Associated British Foods Plc - Key offerings
              • Exhibit 125: Associated British Foods Plc - Segment focus
            • 12.5 Barrys Tea
              • Exhibit 126: Barrys Tea - Overview
              • Exhibit 127: Barrys Tea - Product / Service
              • Exhibit 128: Barrys Tea - Key offerings
            • 12.6 ekaterra
              • Exhibit 129: ekaterra - Overview
              • Exhibit 130: ekaterra - Product / Service
              • Exhibit 131: ekaterra - Key offerings
            • 12.7 Godrej and Boyce Manufacturing Co. Ltd.
              • Exhibit 132: Godrej and Boyce Manufacturing Co. Ltd. - Overview
              • Exhibit 133: Godrej and Boyce Manufacturing Co. Ltd. - Business segments
              • Exhibit 134: Godrej and Boyce Manufacturing Co. Ltd. - Key offerings
              • Exhibit 135: Godrej and Boyce Manufacturing Co. Ltd. - Segment focus
            • 12.8 Herbaty Szlachetne Sp. z o. o
              • Exhibit 136: Herbaty Szlachetne Sp. z o. o - Overview
              • Exhibit 137: Herbaty Szlachetne Sp. z o. o - Product / Service
              • Exhibit 138: Herbaty Szlachetne Sp. z o. o - Key offerings
            • 12.9 MJF Exports Pvt. Ltd.
              • Exhibit 139: MJF Exports Pvt. Ltd. - Overview
              • Exhibit 140: MJF Exports Pvt. Ltd. - Product / Service
              • Exhibit 141: MJF Exports Pvt. Ltd. - Key offerings
            • 12.10 Numi Inc.
              • Exhibit 142: Numi Inc. - Overview
              • Exhibit 143: Numi Inc. - Product / Service
              • Exhibit 144: Numi Inc. - Key offerings
            • 12.11 ORGANIC INDIA Pvt. Ltd.
              • Exhibit 145: ORGANIC INDIA Pvt. Ltd. - Overview
              • Exhibit 146: ORGANIC INDIA Pvt. Ltd. - Product / Service
              • Exhibit 147: ORGANIC INDIA Pvt. Ltd. - Key offerings
            • 12.12 PHARMADUS BOTANICALS S.L
              • Exhibit 148: PHARMADUS BOTANICALS S.L - Overview
              • Exhibit 149: PHARMADUS BOTANICALS S.L - Product / Service
              • Exhibit 150: PHARMADUS BOTANICALS S.L - Key offerings
            • 12.13 Tata Sons Pvt. Ltd.
              • Exhibit 151: Tata Sons Pvt. Ltd. - Overview
              • Exhibit 152: Tata Sons Pvt. Ltd. - Business segments
              • Exhibit 153: Tata Sons Pvt. Ltd. - Key offerings
              • Exhibit 154: Tata Sons Pvt. Ltd. - Segment focus
            • 12.14 The Hain Celestial Group Inc.
              • Exhibit 155: The Hain Celestial Group Inc. - Overview
              • Exhibit 156: The Hain Celestial Group Inc. - Business segments
              • Exhibit 157: The Hain Celestial Group Inc. - Key news
              • Exhibit 158: The Hain Celestial Group Inc. - Key offerings
              • Exhibit 159: The Hain Celestial Group Inc. - Segment focus
            • 12.15 The Organic Merchants
              • Exhibit 160: The Organic Merchants - Overview
              • Exhibit 161: The Organic Merchants - Product / Service
              • Exhibit 162: The Organic Merchants - Key offerings
            • 12.16 The Republic of Tea Inc.
              • Exhibit 163: The Republic of Tea Inc. - Overview
              • Exhibit 164: The Republic of Tea Inc. - Product / Service
              • Exhibit 165: The Republic of Tea Inc. - Key offerings
            • 12.17 Tiesta Tea Co.
              • Exhibit 166: Tiesta Tea Co. - Overview
              • Exhibit 167: Tiesta Tea Co. - Product / Service
              • Exhibit 168: Tiesta Tea Co. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 169: Inclusions checklist
                • Exhibit 170: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 171: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 172: Research methodology
                • Exhibit 173: Validation techniques employed for market sizing
                • Exhibit 174: Information sources
              • 13.5 List of abbreviations
                • Exhibit 175: List of abbreviations

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

                PURCHASE FULL REPORT OF

                functional tea market

                QUICK BUY

                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

                Why should you prefer Technavio's market insights report?

                • Off-the-shelf research reports
                • Reports can be tailored to meet the customer's needs
                • Trusted by more than 100 fortune 500 organizations
                • Information about the market's key drivers, trends, and challenges
                • Parent market analysis
                • Every week, 50,000 people visit our subscription platform
                • Detailed vendors report with competitive landscape
                • Covid-19 impact and recovery analysis
                • Data on revenue-generating market segments
                • Details on the market shares of various regions
                • Five-force market analysis