Portland, OR, Jan. 10, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global organic tea market was estimated at $905.4 million in 2021 and is expected to hit $2.4 billion by 2031, registering a CAGR of 10.5% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $905.4 Million |
| Market Size in 2031 | $2.4 Billion |
| CAGR | 10.5% |
| No. of Pages in Report | 290 |
| Segments Covered | Type, Packaging, Distribution Channel, and Region. |
| Drivers | Rise in the working population across the world and growing retail channels |
| Increase in demand for products that are ready to use | |
| Restraints | Surge in the price of raw materials and lack of knowledge about organic teas |
| Marginal pricing approach implemented by the major players | |
| Opportunities | Several steps taken by government bodies to promote the use of sustainable agriculture practices through various subsidies and incentives |
The global organic tea market is analyzed across sample type, packaging, distribution channel, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
By type, the green tea segment held more than two-fifths of the global organic tea market revenue in 2021, and is expected to rule the roost by 2031. The oolong tea segment would also manifest the fastest CAGR of 11.3% throughout the forecast period. The black tea segment is also assessed through the study.
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By packaging, the plastic containers segment held around one-third of the global organic tea market share in 2021, and is expected to dominate by 2031. The paper boards segment, on the other hand, would cite the fastest CAGR of 11.8% throughout the forecast period. The aluminum tin segment is also analyzed in the report.
By distribution channel, the convenience stores segment contributed to nearly half of the global organic tea market share in 2021, and is projected to retain its dominance throughout the forecast period. The supermarkets/hypermarkets segment, however, would project the fastest CAGR of 10.8% during the forecast period. The drug enforcement agencies segment is also assessed through the study.
Based on region, the market across Asia-Pacific generated nearly three-fifths of the global organic tea market revenue in 2021, and is anticipated to retain the lion’s share by 2031. North America, on the other hand, would portray the fastest CAGR of 12.5% during the forecast period. The other provinces analyzed through the report include LAMEA and Europe.
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The key market players analyzed in the global organic tea market report include Tata Consumer Products, Associated British Foods PLC, Vadham Teas Private Ltd., Celestial Seasonings, Bombay Burmah Trading Corp. Ltd., Shangri-La Tea Company, Inc., Stash Tea Company, R.C. Bigelow, Unilever, Yogi Tea GmbHInc., Barrys Tea, Hain Celestial Group, Inc., ITO EN, Ltd., Numi, Inc., Organic Tea, Hlssen & Lyon GmbH, Tazo Tea Company, Newman's Own, Inc., PepsiCo, and The Coca-Cola Company.
These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
