Fruit Tea Market: Global Industry Analysis and Forecast (2023-2029)

Global Fruit Tea Market size was valued at US$ 3.15 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 9.6% through 2022 to 2029, reaching nearly US$ 5.99 Bn.
Fruit Tea Market Overview:
Fruit tea is a functional beverage that combines the sweetness of exotic fruits with herbs, spices, and earthy teas. It's utilised to take the place of sugary and caffeinated drinks. Fruit tea has massive benefits due to its high concentration of vitamins and minerals. Fruit teas are black teas that have been infused with a natural fruit aroma. Cherry, apple, blackcurrant, raspberry, orange, strawberry, peach, and blueberry are all famous fruit tea flavours.

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Fruit Tea Market Dynamics:
The global fruit tea market is increasing due to the growing popularity of the beverage among the health-conscious portion of the population. The flavour and taste of their favourite fruits are enhanced by these teas. Moreover, due to its nutritional content, such as vitamin C, and health benefits, such as high antioxidant levels, fruit tea is becoming more popular around the world.

Furthermore, the tea can be consumed hot or cold and tastes fantastic in any conditions. The benefits and widespread acceptance of these flavoured teas by the general population is one of the key factors driving the global fruit tea market growth during the forecast period.

In the global fruit tea market, introducing new tastes is an emerging trend that is gaining traction. Wellness lovers and millennial are on the lookout for new fruit tea varieties. This is due to the multiple health benefits provided by various components such as herbs, fruits, and nuts, fruit tea is becoming more popular among daily and occasional tea users. This increasing focus on novel fruit tea flavours is expected to drive the global fruit tea market growth during the forecast period 2022-2029.

Fruit tea is a refreshing and energising cocktail that can be served hot or cold. It's a great way to cool off in the summer, and once it gets colder, it's really calming and warming to the senses. Fruit teas are fantastic since they are not excessively sweet while yet providing all of the nutrients found in the raw form of the fruit. These all are the key benefits of the fruit tea that are expected to boost the growth of the global market during the forecast period 2022-2029.
Fruit Tea Market Segment Analysis:
The Global Fruit Tea Market is segmented by Product, and Distribution Channel.

Based on the Product, the market is segmented into Conventional, and Organic. Conventional product segment held the largest market share of 80% in 2022 and is expected to continue its dominance by 2029. Organic products are often produced on small-scale, biodiverse farms, whereas conventional products are grown on monocropped, large-scale plantations. As a result, organic products cost more than conventional products. Due to this factors, conventional fruit tea products are used widely. Conventional fruit tea product accessibility and affordability are the key drivers that are expected to boost the growth of this segment in the global market during the forecast period 2022-2029.

Organic product segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. This is due to the customers increased concerns about their health, demand for organic products is surging all across the world. Organic products are seen as a healthier alternative because they do not include any chemicals, fertilisers, pesticides, herbicides, or fungicides.

Based on the Distribution Channel, the market is segmented into Online, and Offline. Offline distribution channel segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. Supermarkets, discount stores, department stores, teahouses, grocery stores, and health food stores all fall into this offline distribution channel segment, where customers can sample fruit tea tastes and make an informed purchase. Supermarkets and discount retailers make for the majority of market sales among these offline stores. Furthermore, the fact that these establishments are the only ones selling tea explains their dominance. Specialist stores or teahouses have grown in popularity in recent years, particularly among millennial who seek authentic teas with unique flavours.

Online Channel segment is expected to grow rapidly at a CAGR of 10.7% during the forecast period 2022-2029. Fruit tea products are sold through internet platforms by companies like Glenburn Tea Direct and Teabox. These companies have developed a business strategy in which they ship unbranded products obtained from manufacturers directly to foreign consumers. The use of this business model reduces transit time while also protecting the freshness of the fruit tea products.
Fruit Tea Market Regional Insights:
Asia Pacific dominates the Global Fruit Tea market during the forecast period 2022-2029. Asia Pacific held the largest market share of 37.5% in 2022 and is expected to continue its dominance by 2029. Consumers in the region have been discovering fruit and floral-infused beverages, resulting in a major increase in demand for the fruit tea product. These are the major factors that drive the growth of this region in the Global market during the forecast period 2023-2029.

North America is expected to grow rapidly at a CAGR of 10.5% during the forecast period 2023-2029. This is due to the consumer’s choice for naturally healthy fruit-flavoured beverages over caloric and sweet drinks. Premium speciality tea sales in the United States increased by 4 to 6% in 2017, according to TeaUSA. According to a report released by the Government of Canada in 2022, the fruit or herbal tea industry grew at a CAGR of more than 40% from 2013 to 2017. Furthermore, during the forecast period 2023-2029, the increased popularity of ready-to-drink and chilled fruit-infused beverages in the region is expected to boost the fruit tea market growth in the North America region.

The objective of the report is to present a comprehensive analysis of the Global Fruit Tea Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Fruit Tea Market dynamic, structure by analyzing the market segments and project the Global Fruit Tea Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Fruit Tea Market make the report investor’s guide.
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Global Fruit Tea Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 3.15 Bn.


Forecast Period 2023 to 2029 CAGR:
9.6%
Market Size in 2029:
US $ 5.99 Bn.


 Segments Covered:
by Product
Conventional
Organic


by Distribution Channel
Online
Offline



Global Fruit Tea Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Global Fruit Tea Market Key Players
1. Bettys and Taylors of Harrogate Ltd
2. Dilmah Ceylon Tea Company PLC
3. Hain Celestial
4. Harney and Sons Fine Teas
5. Martin Bauer Group
6. Stash Tea
7. Tata Consumer Products
8. The Bigelow Tea Company
9. TIESTA TEA
10. Unilever
11. R. Twining and Company Limited
12. UGP Ventures Private Limited
13. The Tea Kettle
14. Avkash International
15. Budwhite Teas Private Limited
16. Dancing Leaf

Frequently Asked Questions:

1] What segments are covered in Global  Market report?
Ans. The segments covered in Global Market report are based on Product, and Distribution Channel.

2] Which region is expected to hold the highest share in the Global Market?
Ans. Asia Pacific is expected to hold the highest share in the Global Market.

3] Who are the top key players in the Global Market?
Ans. Bettys and Taylors of Harrogate Ltd, Dilmah Ceylon Tea Company PLC, Hain Celestial, Harney and Sons Fine Teas, and Martin Bauer Group are the top key players in the Global Market.

4] Which segment holds the largest market share in the Global market by 2029?
Ans. Conventional Product segment hold the largest market share in the Global market by 2029.

5] What is the market size of the Global market by 2029?
Ans. The market size of the Global F market is US $ 5.99 Bn. by 2029.

6] What was the market size of the Global market in 2022?
Ans. The market size of the Global Fruit Tea market was worth US $3.15 Bn. in 2022.

7] What is the key driving factor for the growth of Global Market?
Ans. The benefits and widespread adoption of flavoured teas among the general public is the key driving factor for the growth of Global Market.