Fruit Tea Market 2020 can surpass the valuation of USD 662.7 Million by 2025, says MRFR (Market Research Future). Fruit Tea Industry size is also presumed to expand at a rate of 5.5% over the forecast period (2019 to 2025). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
Top Boosters and Challenges
Millennials along with wellness enthusiasts that are quite selective regarding their dietary choices are constantly trying out new flavors and varieties of fruit teas, which could be favorable for the global Fruit Tea Industry. Also, daily as well as occasional tea consumers are increasingly opting for fruit-infused products, given their multiple health benefits. Fruit teas have become quite popular among the youth, with the rising preference for specialty beverages like fruit tea and green tea. In the past couple of years, consumers have become more focused on the origin of the ingredients in the tea, on account of rising awareness as well as health consciousness across the world. In view of this, manufacturers are striving to offer more detailed and informative packaging to draw in such customers.
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Vorwerk TEMIAL GmbH (Germany), McLeod Russel India Ltd. (India), The London Tea Company (UK), Twining and Co. Ltd. (UK), DILMAH Ceylon Tea Company plc (Sri Lanka), Unilever plc (TAZO) (UK), Harney & Sons Fine Teas (US), Martin Bauer Group (Germany), Typhoo Tea Ltd. (UK), Bird & Blend Tea Co. (UK), CARSLAKE Tea Company (UK), The Hain Celestial Group Inc. (Celestial Seasonings)(US), True Tea Co. (UK), The Stash Tea Co. (US), Tata Global Beverages (Tetley) (India), are some of the top Fruit Tea Industry firms studied in the report.
Type, category, form, and distribution channel are the key Fruit Tea Industry segments analyzed in the MRFR study.
The types of Fruit Tea Industry available in Fruit Tea Industry are peach, raspberry, lemon, apple, cranberry, blends and more. Blends are poised to be the fastest advancing segment during the evaluation period, thanks to the surge in health consciousness along with the escalating preference for natural energy sources.
Category-wise, the key segments are organic and conventional. Conventional type of fruit tea, in 2020, secured the leading position since they are more affordable and are easily accessible.
Since 2020, North America has remained the market leader, accounting as the biggest consumer of fruit tea. Burgeoning health-conscious consumers’ populace is prompting a rise in the demand for fruit tea, while the youth’s soaring inclination towards functional beverages also fuel fruit tea’s sales. Emerging trend of natural fruit-flavored beverages and declining preference for sweet and calorific drinks also catapult the market’s demand in the region. Mounting popularity of iced and ready to drink fruit-infused beverages can be another growth rendering trend in the North American market.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.