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Flavored Tea Market Competitive Landscape Analysis with Forecast by 2023

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The sale of flavored tea is growing exponentially as consumers are opting for a healthy lifestyle. Flavored tea enriches the properties of actual tea plant camellia sinensis. Tea infused with the flavors of fruits, herbs, and spices have an added advantage of medicinal benefits, driving the growth of the market. Moreover, flavored tea is gaining popularity across the globe, as the demand for healthy food & beverages has been increasing in recent years. These factors will support the flavored tea market and is estimated to grow at the rate of about 4.2% from 2017 to 2023.

Global Key Players and Competition Analysis

The major players in flavored tea market

  • Twining and Company Limited. (U.K)
  • Numi, Inc. (U.S.)
  • ITO EN (North America) Inc. (U.S.)
  • Tata Global Beverages Ltd. (India)
  • The Unilever Group (U.K)
  • Barry’s Tea Ltd. (Ireland)
  • Bigelow, Inc. (U.S.)
  • Celestial Seasonings, Inc. (U.S.)
  • Harney & Sons Tea Corp. (U.S.)
  • Mighty Leaf Tea Company (U.S.)

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Segmentation Analysis

Based on the type, it is segmented into black tea, green tea, white tea, and others. Among them, the black tea is dominating the market. Based on the flavor, it is segmented into fruits, herbs, spices, and others. Among all, the herbs segment is anticipated to dominate the market followed by the fruits segment. Based on the distribution channel, it is segmented in store-based, and non-store based.

Regional Analysis

The global flavored tea market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The Asia Pacific is dominating the global flavored tea market followed by North America. Emerging economies such as China, India, Japan, Australia, and the Latin American countries, offers ample opportunities for expansion to major players.

Market Scope

Additionally, key players in the Global Flavored Tea Market are emphasizing to enhance their investment in the product development to extend the product line. Also, the companies are inclined to increase their footprints across the world by acquiring local and regional players. Apart from that, the companies are introducing their products in the developing economies to penetrate the untapped market. However, limited availability of spices & herbs may hinder the market growth over the review period. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 4.2% of flavored tea market during the forecast period, 2017-2023.

Browse the market data and information spread across 110 pages with 25 data tables and 15 figures of the report “Flavored Tea Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/flavored-tea-market-5603

Industry News:

March 01, 2018 Market Research Future Published a Half Cooked Research Report on Global Flavored Tea Market.

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