Burden of COVID-19 on the Market & Rehabilitation Plan | Global Functional Tea Market 2019-2023 | Health Benefits of Functional Tea to Boost Growth | Technavio

Technavio has been monitoring the global 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.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report

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. 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.

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The health benefits of functional tea has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/functional-tea-market-industry-analysis

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. The 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.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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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

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