The Business Research Company’s latest report Organic Tea Global Market Report 2020 covers Organic Tea market drivers, Organic Tea market trends, Organic Tea market segments, Organic Tea market growth rate, Organic Tea market major players, and Organic Tea market size. The report provides in-depth analysis of the impact of COVID-19 on the Organic Tea industry, along with revised market numbers due to the effects of the coronavirus.
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Organic Tea Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global organic tea market is expected to grow from $0.85 billion in 2019 to $0.93 billion in 2020 at a compound annual growth rate (CAGR) of 10.00%. The coronavirus pandemic has led to a surge in the demand for organic and sustainable foods. This is because COVID-19 has driven consumer awareness about health and nutrition, and currently, organic foods that are free of pesticides or synthetic chemicals are viewed as safe alternatives. Organic tea has gained consumer attention as it has antioxidant properties that have significant positive effects on the body. However, the challenge is to maintain the supply with such a surge in demand. Therefore, the organic tea market is prone to supply-demand swings due to which the market growth is not as significant as expected. The market is expected to reach $1.15 billion in 2023 at a CAGR of 7.27%.
The report covers the Organic Tea market’s segments-
1) By Type: Green Tea, Black Tea, White Tea, Oolong Tea, Herbal Tea, Others.
2) By Form: Dried Leaf, Liquid, Powder, Others.
3) By Product: Paper Pouches, Cans, Cartons, Tea Bags, Others.
4) By Distribution Channel: Hypermarkets/Supermarkets, Convenience Stores, Online, Specialty Stores, Others.
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