Global Herbal Beverages Market, By Type (Herbal Tea, Healthcare Drink, Sports Drink, Others), Application (Normal Drinking, Functional Drinking , Other), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The herbal beverages market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 1.47 billion and grow at a CAGR of 9.80% in the above-mentioned forecast period. Increasing demand for functional beverages and the availability of several flavor variants acts as an essential factor driving the herbal beverages market.
Herbal beverages are also known as tisane, herbal infusion, or botanical infusion, and can be made with fresh or dried flowers, immature fruits, leaves, seeds, and/or roots by steeping (infusion) or boiling (decoction) of the source materials including herbs.
Rising demand for organic products in developed economies is a vital factor escalating the market growth, also rising development of innovative flavours, increasing levels of disposable income of the people, rising health awareness among the consumers regarding the benefits of the tea, rising number of population across the globe and increasing trends of herbal product among the young population, are the major factors among others driving the herbal beverages market. Moreover, increasing preferences towards the consumption of organic products along with growing number of research and development activities, increasing modernization in the new products offered in the market will further create new opportunities for the herbal beverages market in the forecast period of 2021- 2028.
However, increasing cost of the product along with rise in the exploitations of labour on plantations are the major factors among others acting as restraints, while rising easy availability of product substitute along with lack of awareness in developing economies, will further challenge the herbal beverages market in the forecast period.
The herbal beverages market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on herbal beverages market contact Data bridge market research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The herbal beverages market is segmented on the basis of type and application. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of type, herbal beverages market is segmented into herbal tea, healthcare drink, sports drink and others.
- The herbal beverages market is also segmented on the basis of application into normal drinking, functional drinking and other.
Herbal Beverages Market Country Level Analysis
The herbal beverages market is analysed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in herbal beverages market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the herbal beverages market due to rising development of innovative flavours, increasing levels of disposable income of the people, rising health awareness among the consumers regarding the benefits of the tea and rising number of population in this region. Europe and North America are the expected regions in terms of growth in herbal beverages market due to increasing demand for organic products and increasing trends of herbal product among the young population in these regions.
The country section of the herbal beverages market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Herbal Beverages Market Share Analysis
The herbal beverages market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to herbal beverages market.
The major players covered in the herbal beverages market report are The Coca-Cola Company, PepsiCo, Nestle, Unilever, SUNTORY HOLDINGS LIMITED, Danone, Keurig Dr Pepper Inc, RED BULL, Kirin Holdings Company, Limited, Ting Hsin International Group, Hangzhou Wahaha Group Co Ltd, Uni-President and Nongfu Spring among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.