Organic Tea Market Expected to Reach Valuation of US$ 2.6 Bn in 2032, accelerating at a CAGR of 8.2%, Says Future Market Insights – Press Release

DUBAI, UAE, March 13, 2022 /PRNewswire/ — The global organic tea market is set to witness growth at a CAGR of 8.2% and is anticipated to reach a valuation of around US$ 2.6 Bn by 2032.

Organic products are becoming common among consumers due to their changing lifestyles and the growing notion that organic products are healthier than conventional ones. Moreover, the growing trend of consuming naturally derived and pesticide-free products will help organic tea sales soar across the world.

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Food safety has become a critical consideration for consumer’s thus organic food which are cultivated naturally without the use of chemical fertilizers, such as organic tea leaf, are regarded safer than conventional tea leaf. This is also helping the organic tea market gain traction. 

Furthermore, the organic tea industry is predicted to expand as a result of the rising trend of organic and clean label nutritious beverages.

Key Takeaways from Market Study

• Based on product type, herbal organic tea is anticipated to account for over 50% of the market share over the forecast period.
• The North America organic tea market is expected to register growth at 7.9% CAGR during the forecast period.
• Europe is expected to account for 3/7^th of the global organic tea consumption through 2032
• Organic tea sold in tea bags is expected to hold a market share of over 40% in the forecast period
• The supply chain for the organic tea market was severely affected by COVID-19, resulting in a slowdown in sales. However, with the recovery of the economy and rising demand for functional beverages, the market is anticipated to grow significantly.

“Consumers seeking authentic tea experience will result in high demand for specialty tea. This is expected to aid the organic tea market growth,” says a Future Market Insights analyst.

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Competitive Landscape

The global organic tea market is moderately consolidated with the leading players focusing on launching new and innovative teas while strategically partnering and acquiring established players in the business. In addition, they are also expanding their production capabilities to allow consolidation in the market:

• In October 2019, a leading company selling organic tea, Choice Organic Teas was acquired by Yogi Tea as a strategic move to expand their organic tea business globally.
• Celestial Seasonings launched TeaWell in October 2019, a product line that combines organic wellness tea with a potent blend of health benefits and exquisite tastes. The range includes a variety of flavours created using a mix of herbs and botanicals. The “Daily Wellness Core” in these products is a combination of four vital ingredients: elderberry, dandelion root, panax ginseng and green rooibos.

Organic Tea Market by Category

By Product Type, Organic Tea Market is segmented as:

• True Tea
• Black Tea
• Green Tea
• Oolong Tea
• Pu-erh Tea
• White Tea
• Herbal Tea
• Chamomile Herbal Tea
• Peppermint Herbal Tea
• Ginger Herbal Tea
• Lemongrass Herbal Tea
• Other Herbal Teas

By Form, Organic Tea Market is segmented as:

• Dried Leaf
• Powder Leaf
• Liquid

By Packaging, Organic Tea Market is segmented as:

• Cartons
• Cans
• Tea Bags
• Paper Pouches
• Other Packaging

By Sales Channel, Organic Tea Market is segmented as:

• Offline Sales Channel
• Supermarkets/Hypermarkets
• Departmental Stores
• Convenience Store
• Other Sales Channel
• Online Sales Channel
• Company Website
• E-commerce Platform

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Key Questions Answered in the Report

• How Big Is the Organic Tea Market?
• What Is the Anticipated Market Value of the Organic Tea Market by 2032 End?
• What Is the Organic Tea Market Outlook?
• Which Region Is Expected to Drive the Demand for Organic Tea?
• Who Are the Key Players Operating in The Organic Tea Market?

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About Future Market Insights (FMI) 

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers. 

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SOURCE Future Market Insights