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I AgreeAnalysis of Tea Infusion market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global tea infusion market is valued at US$ 720.7 million in 2022 and is predicted to expand at a CAGR of 3.2% to reach US$ 992.3 million by the end of 2032.
Sales of tea infusion across the world accounted for around 3.2% share of the global tea market at the end of 2021.
Report Attributes |
Details |
---|---|
Tea Infusion Market Size (2021A) |
US$ 701.8 Million |
Estimated Market Value (2022E) |
US$ 720.7 Million |
Forecasted Market Value (2032F) |
US$ 992.3 Million |
Global Market Growth Rate (2022-2032) |
3.2% CAGR |
North America Market Share (2021) |
~24.5% |
East Asia Market Growth Rate (2022-2032) |
~3.6% CAGR |
United States Market Growth Rate (2022-2032) |
~2.8% CAGR |
Market Share of Top 5 Companies |
~35.6% |
Key Companies Profiled |
|
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Tea is consumed by more than 2/3 of the world’s population and is one of the most refreshing beverages, besides having medicinal and mild stimulant effects.
Globally, oolong, white, green, red, and black tea are used to make tea infusion and play a significant role in terms of nutritional elements. The global market is expected to expand at a higher CAGR over the coming years on the back of rising consumer preference for healthy beverages.
From 2017 to 2021, the global tea infusion market registered a CAGR of 2%, and according to Fact.MR, a market research and competitive intelligence provider, worldwide demand for tea infusion is projected to exhibit growth at 3.2% CAGR between 2022 and 2032.
Market share analysis of tea infusion based on product type and region is provided in a nutshell in the above image. Under the product type segment, flower tea infusion dominate with 42.3% market share in 2022.
“Tea Infusion Acting as Substitute to Aerated & Frizzy Drinks”
Consumers are relishing infused tea flavours by brewing them with fruits, flowers, herbs, spices, etc., in either cold or hot water. The rich aroma and incredible taste is attracting consumers towards them along with some beneficial health properties.
Along with this, a consumer can choose from a variety of herbs, botanicals, and flavours, providing numerous benefits in the process.
Tea infusion are a great substitute for aerated or fizzy drinks. They can be accompanied by fruits or desserts. As these are made with 100% natural ingredients, they carry within themselves an incredible aroma filled with flavour and decadence. These tea infusion can even be used to make cocktails, iced teas, drinks, etc.
“Caffeine-free Aspect Opening New Doors for Revenue Generation”
Tea infusion do not often contain caffeine and are generally caffeine-free. This makes tea infusion a great choice for pregnant ladies, children, and even consumers who are looking to reduce their caffeine intake while having tea.
However, there are exceptions such as yerba mate that come from Ilex paraguariensis, which contain caffeine.
“Launching of Unique Products by Market Players”
Prominent manufacturers are launching unique and different tea infusion that offer an aromatic taste. For instance, they are launching herbal and spiced infusions as have been used for health and well-being for centuries.
Market players are also offering a huge variety of delicious fruit infusion such as tangy, sweet, zingy etc. Fruit infusion can act as a great substitute for soft drinks or squash, which is a prominent factor driving market expansion.
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The United States tea infusion market is currently estimated at US$ 148.9 million and is projected to expand at a CAGR of 2.8% during the assessment period of 2022-2032.
Steady rise in demand for tea infusion is owing to their anti-ageing properties. New tea infusion brands are being launched to address the augmented demand for ready-to-drink beverages on a large scale. This, in turn, is expected to provide for a higher CAGR in the U.S. market over the coming years.
The China tea infusion market and India tea infusion market account for 14.6% and 9.6% share, respectively, in the overall market. Both countries have enhanced their focus on knowledge-intensive manufacturing and developing the capacity of sectors to address the rising need for tea infusion.
Tea is majorly grown in Asian countries and is imported from there to the rest of the world. Along with this, consumers are shifting their preferences from coffee and other caffeinated products to tea infusion.
Asia Pacific is likely to remain the fastest-growing market for tea infusion, attributed to the easy availability of tea, thereby creating lucrative opportunities for manufacturers in this space.
Flower tea infusion, under product type, are majorly consumed and hold a major market share of 42.3% in 2022. The segment is poised to register 3.8% CAGR throughout the assessment period of 2022-2032.
Factors attributed to the growth of this segment are the calming and relaxing effects of flower tea infusion after intake. Also, their properties and characteristics make these healthy drinks.
Dried tea infusion, under the form segment, dominate by holding 71.8% share in the overall market in 2022. The segment is set to register 3.5% CAGR throughout the assessment period and is likely to exceed a market share of 73.3%.
Demand in this particular segment is attributed to factors such as consumers preferring the dried version of tea infusion over the fresh versions. This is basically due to the aroma left by dried tea infusion variants.
Prominent tea infusion manufacturers are Infused Tea Company, Finlays, Stash Tea, Camden Tea Company and fuze Beverages, Numi Inc., Teatulia Organic Teas, Halssen & Lyon Gmbh, MartinBauer, Wollenhaupt Tea GmbH, Tetley, and Clipper Teas
Key market players are deploying sustainable technologies and are also optimizing their systems to fulfil end-user demand. Leading market players are also focusing on developing innovative packaging designs to attract more consumers.
Additionally, expertise in designing and product technologies is acting as the backbone of the marketing strategies of tea infusion suppliers.
Fact.MR has provided detailed information about the price points of key manufacturers of tea infusion positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
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The global tea infusion market is valued at US$ 720.7 million in 2022.
Worldwide demand for tea infusions is anticipated to reach US$ 992.3 million by 2032-end.
During 2017-2021, sales of tea infusions increased at 2% CAGR.
Europe leads the global tea infusion market accounting for 26.4% market share.
Flower tea infusions account for 42.3% share of the global market.